(Nation) Patriotism is good thing; in fact, a noble sentiment, they say. Countries such as Japan and South Korea, which was reduced to shambles during World War II, have risen from the ashes of death and destruction, like the proverbial Phoenix, to become economic tigers in Asia, thanks to [...]
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(Sunday Times – By the Economist) Sri Lanka continues to be distracted from its priority task of economic development. The propensity of the country to distract itself from economic priorities has been a feature of post independent Sri Lanka. This is in stark contrast to the experience of Singapore and Malaysia, two [...] *First quarter growth at 7 percent: *Progress in all sub-sectors: *Agriculture, industry and services lead growth: (Sunday Observer – By Uditha Kumarasinghe) President Mahinda Rajapaksa at a vap magul ceremony. Much progress has been made in agriculture sector. The economy posted a significant growth of seven percent in the first [...] (The Island – By Dr.C. S. Weeraratna) According to recent press reports the Trade Deficit has widened by 120% during the last three months. Import expenditure on food has increased by 54.4% to Rs. 52 billion. At this rate the annual food import bill for 2010 would be around [...] (Daily News) Keynote address by Plantation Industries Minister Mahinda Samarasinghe MP, on ‘Fast Tracking the Economy’ at the 7th Plenary Session of the 24th Conference of the Confederation of Asia-Pacific Chambers of Commerce and Industries (CACCI) and the 11th Sri Lanka Economic Summit organized by the Ceylon Chamber [...] (Lakbima – by Dr. Wickramabahu Karunarathne) The government budget 2010 has created a disturbance that has travelled across political barriers. Some have condemned it as a copy of dictates given by the IMF and other global capitalist agencies. Many in the opposition treated it with ridicule while a few in the [...] (Sunday Island – by A. C. B. Pethiyagoda) The tea industry in Sri Lanka suffered a set back a few weeks ago when warehouse workers in Mombasa struck work disrupting the distribution network in Kenya – one of the largest tea auction centres in the world. Some years ago, [...] (Sunday Observer – by Minister Mahinda Samarasinghe MP) I wish to share with you some perspectives on the subject of “Fast Tracking the Economy” within the overall scope of theme “Facing global and local challenges: the new Dynamics for Economic Development”, which is of particular significance to us in present-day [...] (Sunday Times – By the Economist) One of the criticisms of the budget was that it followed IMF policies. These were described by some in the opposition as following neo classical liberal policies. Ironically the 1977 liberalisation of the economy that the UNP ushered in were basically neo classical liberal economic policies [...] (Sunday Island – by Gnana Moonesinghe) The hot topics of the past couple of months and weeks have been on the likelihood of a possible UN “outreach” and the withdrawal of GSP + concessions to Sri Lanka. The bleak scenario is upon us making problems we could do without. [...] 1. Elevated four- lane Expressway of 24 km. Rs. 26 Billion 2. Building development underneath the expressway Rs. 16 “ 3. Roadway on the ground to serve the building development Rs. 2 ” Total Rs. 44 Billion
(The Island) At present, the cost of living cannot be met from the normal earnings of the [...] ( Sri Lanka Guardian – by FS) Seven years ago (in 2003), the local heads of the world’s biggest multilateral agencies made an interesting observation at the annual sessions of the Sri Lanka Economic Association. World Bank’s Peter Harrold, ADB’s John Cooney and IMF’s Jeremy Carter in separate presentations arrived [...] |
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