An Echelon Media Company
Friday November 13th, 2026
Opinion

Sri Lanka should be cautious in expanding socialist leaning taxes

High direct tax rates, capital consumption taxes, are not a substitute for monetary stability

October 9, 2023 13 min read

Sri Lanka's trade and cultural links across the Indian Ocean from antiquity

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October 8, 2023 7 min read

J.P. Narayan: Socialist Gandhism

Marxist Critic of Gandhi Becomes an Adherent, But Finally Finds Transformational State Power Indispensable

September 11, 2023 34 min read

Sri Lanka should be careful in over-relying on GFN at the expense of stability: Bellwether

Countries where inflationists cannot engage in macro-economic policy with money printing have low debt

September 11, 2023 7 min read
US brings Trump's war on fentanyl to Sri Lanka

Radian ASAP machines can quickly identify drugs

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
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

UNP silent on Gnanasara Thero's pardon

It is mystifying that the United National Party is yet to articulate its position on the release of the Sinhala Right-Wi...

Arjuna Ranawana
May 27, 2019 6 min read

Mangala, Monks, Mangala Sutta, and Marx

In the Buddhist belief system, “Mangala” means a ‘blessing’. In the abstract ‘Mangala’ denotes an “auspici...

Sarath de Alwis
May 25, 2019 5 min read

Arm-Twisting the Black Media

Is Arm-twisting the media with advertising bans the way to control abuse?

Arjuna Ranawana
May 19, 2019 5 min read

A word to the majority: recognise your privilege

On the importance of introspection and recognising privilege

Himal Kotelawala
May 17, 2019 4 min read

"I stand by Mangala"

The script of ‘Mangala’s Mistake “is simple and straightforward. It begins with a pervasive silence of our collect...

Sarath de Alwis
May 17, 2019 5 min read

Beware of what lies beneath

Christians turned the other cheek but some Sinhala Buddhist hardliners step up anti Muslim rhetoric

Arjuna Ranawana
May 12, 2019 5 min read

President Sirisena Dead Man walking?

Maithripala Sirisena, the sixth executive president is the ‘title’ and the subject of this essay.

Sarath de Alwis
May 10, 2019 7 min read

Hayek's warning: lost generation economics kill Sri Lanka's social market economy attempt: Bellwethe...

Sri Lanka's Central Bank which has printed tens of billions of rupees in 2018 to boost economic activity artificially ju...

Bellwether
May 9, 2019 15 min read

Counting the Cost: Terrorism and its Impact on the Sri Lankan Economy

Terrorism is not an obvious subject for economic analysis. The greatest cost comes in the form of lives lost and injured...

Dushni Weerakoon
May 8, 2019 5 min read

A word to the moderates

On the importance of constructive engagement in the face of growing hostility.

Himal Kotelawala
May 6, 2019 4 min read