An Echelon Media Company
Friday November 13th, 2026
Opinion

Sri Lanka VAT increase is better than killing economic freedoms with income tax

Tax slabs should keep pace with inflation, dependent allowances should be considered

November 9, 2023 7 min read

Sri Lanka's deficit lie: the inflationist narrative that leads to currency crises and default

Deficits do not rise much in the year that a currency crisis is triggered, but in the stabilization year

October 23, 2023 12 min read

Sri Lanka's new central bank act with John Law clause reverts to classical Mercantilism

Targeting GDP with easy money dates back to Scottish Mercantilist John Law and fully flexible policy to James Steuart.

October 17, 2023 13 min read

Sri Lanka police in dire straits as three-times lucky IGP gets extension: focus

Our police correspondent examines the crisis in the department

October 15, 2023 4 min read
Harry Jayawardena, Sri Lanka business leader, remembered on his birthday

Remembering my friend Harry on his 83rd Birthday

Sri Lanka faces external triple whammy from Trump regime uncertainty

US has complex problems ranging from fiscal to monetary, and any disruption to America tends to have ripple effects

Sri Lanka’s killer ‘flexible exchange rate’ strikes again: Bellwether

The monetary landmines were set off shortly after this column wrote in support of reforms

Bellwether
October 31, 2019 13 min read
3

An October Remembered

On 26th October 2018, a great bolt hits us from an unexpected void. Things changed in giddying succession in a humbling ...

Sarath de Alwis
October 26, 2019 6 min read

Sri Lanka can make farms more productive with emerging tech: IPS researchers

Sri Lanka can make farming more productive using emerging technologies of the so-called fourth industrial revolution (4I...

October 21, 2019 5 min read
1

If Sajith wishes to win

Presidential elections are about the candidate. The party is incidental to the process. That explains the curious, yet, ...

Sarath de Alwis
October 17, 2019 5 min read

Politicians remain cynical about killing the messenger

Gotabaya Rajapaksa at his first Press Conference as a Presidential Candidate was asked whether the White Van culture tha...

Arjuna Ranawana
October 15, 2019 3 min read

Making the best use of Sri Lanka's strategic location

The challenge to Sri Lanka is how to maximize the benefit to itself from the competition between global powers in the In...

Jehan Perera - Excecutive Director National Peace Council of Sri Lanka
September 10, 2019 6 min read

Advocata Institute says "no good reason to refuse US $480 million MCC grant"

Sri Lanka is at risk of losing a US $480 million Millennium Challenge Corporation (MCC) grant due to a campaign of misin...

September 3, 2019 6 min read

MCC Grant must not become a lost opportunity

If Sri Lanka does not meet the deadline for signing the grant it may be lost, which would mean that USD 480 million tha...

Jehan Perera - Excecutive Director National Peace Council of Sri Lanka
September 3, 2019 6 min read

President throws monkey wrench at Sri Lanka central bank reforms: Bellwether

Sri Lanka had stability until July 2019 with cash withdrawn by the central bank to keep a soft-peg with the US dollar un...

Bellwether
August 27, 2019 21 min read

No Bourgeoisies, No democracy

Comrade Anura and the JVP must rediscover Marx in the context of the 21st century. Capitalism has its intrinsic contrad...

Sarath de Alwis
August 25, 2019 6 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 332.3603 330.8514
UK Pound 440.9424 438.3450
Euro 368.4879 371.0168
Yen 2.0805 2.0916
Aus Dollar 227.4342 231.1659
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.5474 3.4202
Korean Won 0.2492 0.2479
Oman Rial 863.2287 859.3320
Saudi Riyal 88.5586 88.0955
UAE Dirham 90.4874 90.0766
Source: Central Bank/Indicative
pts %
S&P SL20 6,365.57 +0.26%
CSE All Share 22,157.40 +0.56%
Turnover Rs 2975.05 million 1193.67 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Who is afraid of Gotabaya Rajapaksa?

Tyrants rule through fraud and force. When fraud is exposed, the tyrant relies exclusively on force. At a press briefing...

Sarath de Alwis
August 11, 2019 8 min read

Nick Leeson-style losses at Sri Lanka's CPC raise big questions: Bellwether

Finance Minister Mangala Samaraweera started a price formula in 2018 May just as fuel price started to spike, but the Ce...

Bellwether
July 30, 2019 10 min read

Sri Lanka's path to debt and destruction paved by currency collapse, REER targeting: Bellwether

The collapse of Sri Lanka's soft-pegged rupee, partly due to policy errors of the Central Bank and partly due to the fal...

July 2, 2019 14 min read

Universalism versus tribalism

The most venerable Warakagoda Sri Gnanarathana thero Mahanayake of the Asgiriya chapter has announced that his recent r...

Sarath de Alwis
June 25, 2019 5 min read

A Sermon on Stoning

In Sri Lanka, we are trapped in a new Stone-age. An age of stoning. Or to be precise, we are now in an age fascinated wi...

Sarath de Alwis
June 24, 2019 6 min read

Islamic State pan-nationalism slams into ethno-religious hate in Sri Lanka: Bellwether

In Sri Lanka, indoctrination and hate targeting communities not considered to be the 'core-nation' as defined in ethno-r...

Bellwether
June 20, 2019 25 min read

Lurking in the Shadows: A Closer Look at Multidimensional Poverty in Sri Lanka

Sunil is a labourer who lives in a small hut with his wife, and their two children, aged seven and four years. Both Suni...

Wimal Nanayakkara
June 7, 2019 6 min read

Sri Lanka's central bank defends discretionary monetary policy

ECONOMYNEXT - Sri Lanka's central bank has defended the continuation of discretionary monetary policy, in the wake of th...

June 4, 2019 26 min read

Sri Lanka should phase out term repo deals and allow rates to fall: Bellwether

The central bank should phase out term repo opeations to make the lower policy corridor active

Bellwether
May 29, 2019 7 min read

A pardon unpardonable

We are back in primitive tribal times.

Sarath de Alwis
May 29, 2019 6 min read