An Echelon Media Company
Friday May 7th, 2021

Sri Lanka's central bank should guard against bankruptcy as Fed lights commodity fires

Sri Lanka's central bank is running out of reserves, a part of the remaining reserves are tied up in swaps, the country already has a 'CCC' rating, mo...

3 minutes

Sri Lanka's misguided state priorities and how to reset them

In the previous Arthashasthra columns, I showed that the Sri Lankan state’s priorities were all wrong; it was not doing well (or at a...

2 min read

What the Sri Lanka state should prioritize

Currently, the Sri Lankan state does many things, badly. Despite having a strong public health system and months to get ready, it has failed to deplo...

2 min read

Sri Lanka's Drug menace needs a new approach

Crime surrounding the increased use of hard drugs in Sri Lanka is a major societal and law and order concern, but are we taking the right approach to ...

9 min read

Sri Lanka import controls and their impact

Sri Lanka's import controls have created shortages and inflated prices giving profits to some domestic producers from farmers to others who have alway...

Kshama Ranawana
Sri Lanka debt crisis trapped in spurious Keynesian 'transfer problem' and MMT: Bellwether

In Sri Lanka politicians are blamed for the country's economic ills and rising default risk, but it is only partly their fault, as the general public ...

Solving Sri Lanka's debt and monetary crisis sans the IMF, like Japan, Malaysia: Bellwethe...

The question is often asked whether Sri Lanka do without an International Monetary Fund program. It is certainly possi...

Bellwether

12 min read

1

International concern that Sri Lanka continues to cremate Muslim Covid dead

Visiting Pakistani Prime Minister Imran Khan urged to “push Sri Lanka to gazette” the step to end the forced cremati...

Arjuna Ranawana

5 min read

If we Sri Lankans resolve minority issues ourselves the world will support us

If the government and opposition leaderships are united in their resolve to address the grievances of the ethnic and rel...

Dr. Jehan Perera - Executive Director National Peace Council

7 min read

Attacks on Wimal maybe a sign of a seismic shift in the ruling alliance

There’s bitter invective being directed at a government Cabinet Minister these days by a faction of the ruling allianc...

Arjuna Ranawana

6 min read

2

Core elements of a Sri Lanka state; public goods, national defence, justice: Arthashastra

Sri Lanka needs the state to provide public goods, including national defence, law and order and justice; to control mar...

Rohan Samarajiva

10 min read

1

Its Independence Day and what have we got

Sri Lanka’s ethnic conflict is not a shooting war anymore but long-standing issues remain unresolved

Arjuna Ranawana

8 min read

5

Sri Lanka faces the possibility of tough sanctions from UN

Member countries of the United Nations Human Rights Council need to be convinced that the government’s actions will ta...

Dr. Jehan Perera - Executive Director National Peace Council

7 min read

And then she got Covid

The government's "governance by distraction" strategy takes a hit as prominent leaders who took the "Dhammika Paniya" to...

Arjuna Ranawana

8 min read

1

Sri Lanka facing 2021 with reckless MMT, stimulus mania: Bellwether

Sri Lanka is heading for one of the biggest economic challenges in its history in 2021, with the central bank printing m...

Bellwether

16 min read

Government’s decision to award the Adani group the ECT terminal is positive

By explaining his decision in a straightforward manner, and carrying it out, President Rajapaksa has shown leadership in...

Dr. Jehan Perera - Executive Director National Peace Council

7 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 199.5155 199.5887
UK Pound 277.4163 277.5680
Euro 240.7055 239.7459
Aus Dollar 155.2131 154.6214
Yen 1.8282 1.8259
Source: Central Bank/Indicative
Latest Last
Indian Rupee 2.7107 2.7040
Korea Won 0.1781 0.1775
Oman Rial 518.2355 518.4257
Saudi Riyal 53.1885 53.2194
UAE Dirham 54.3173 54.3372
Source: Central Bank/Indicative
pts %
S&P SL20 2,838.96 0.22%
CSE All Share 7,188.09 0.59%
Turnover Rs million. 1,248,630
Source: CSE
Latest Last
3-m bill 5.04 5.03
6-m bill 5.09 5.09
12-m bill 5.15 5.15
5-yr bond 7.12 7.08
8-yr bond 7.71 7.70
Source: Central Bank/Indicative
today yesterday
Overnight Money 4.65 4.65
Gilt Repo 4.68 4.67
I-m SLIBOR - -
Source: Central Bank/Indicative

Ranjan Ramanayake's sentence is making him an unlikely hero

Social Media is hailing Ramanayake for his honesty and courage although the colourful actor faces a long prison term and...

Arjuna Ranawana

5 min read

1

Opinion: Building a common Sri Lankan identity a challenge

Are Sri Lankans of all ethnicities equal citizens and can this country build a nation that treats all groups equally?

Kshama Ranawana

9 min read

2

Discrimination against minorities what is the endgame?

Obstinacy on the Muslim burial issue and the destruction of a memorial for the Jaffna war dead shows the government want...

Arjuna Ranawana

9 min read

3

Sri Lanka Modern Monetary Theory experiment could be an untamed demon: economist

vSri Lanka's unprecedented monetary printing bout in the name of Modern Monetary Theory, a collection of ideas that advo...

16 min read

1

Opinion: Moving Towards Necessary Balance

With multiple challenges ahead such as resolving the issue of burial of Muslims who die of Covid 19 and the contentious ...

Dr. Jehan Perera

8 min read

Arthashasthra, for new thinking on Sri Lanka statecraft

Arthashasthra is a treatise on statecraft, supposedly written by Kautilya, also known as Chanakya, in the time of Chandr...

Rohan Samarajiva

11 min read

2

Opinion: Government needs to look at issues rationally

Sri Lanka needs to look at issues in a rational manner if it is to build a multi-ethnic and multi-religious nation and e...

Dr. Jehan Perera - Executive Director National Peace Council

8 min read

Why Sri Lanka cannot be a Singapore, a Chief Festus budget: Bellwether

Sri Lanka aspired to be a Singapore after liberalizing trade and ending a closed economy of the 1970s, but it all failed...

Bellwether

17 min read

5

Ahab’s Nemesis: Sri Lanka may be the best place in the world to see sperm whales

Is Sri Lanka the world capital for sperm whales in terms of super-pod frequency, density and viewability?

Mark Hager

8 min read

Showing no compassion towards Muslim sentiments is shameful and dangerous

Sri Lanka’s continuing anti-Muslim policies are shameful as we as heirs to a civilization that goes back millennia are...

Arjuna Ranawana

8 min read

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