An Echelon Media Company
Saturday April 20th, 2024
Opinion

Lanka’s Blue Whale: Eight Evolutionary Stages (Part I)

Science is learning more and more about how these astonishing animals came to exist in the first place

November 15, 2023 10 min read

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 rupee depreciation and economic crises; the deficit lie

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 should protest the 7-pct annual inflation target, not a 3-pct VAT hike

A positive inflation target denies private sector productivity gains to the poor

Sri Lanka is recovering, but threats from central bank, US policy

At the moment the central bank is providing monetary stability seen in the exchange rate and inflation

How Sri Lanka rejected Singapore monetary advice and politicians, people paid the price

Call from Goh, Shenoy to provide sound money discarded in favour of depreciation, flexible regimes

Bellwether
February 9, 2023 14 min read
2

Sri Lanka central bank caught between peg and hard place

Care should be taken to make sure that excess liquidity does not re-emerge from fictitious capital

Bellwether
January 19, 2023 8 min read

Sri Lanka's economic crisis and COVID-19 pandemic reverses progress in SDGs - IPS

"Financing SDGs has become the biggest challenge for Sri Lanka"

January 13, 2023 8 min read

Call to liberalize Sri Lanka shipping for export competitive economy

Singapore has 5,000 shipping agencies and have 140 shipping lines headquarters

January 4, 2023 4 min read

Sri Lanka’s sorry record on protecting Free Expression

The aragalaya has a lit a lamp for free expression

Arjuna Ranawana
December 30, 2022 10 min read

Sri Lanka's central bank crisis and John Exter's about face on hard pegs: Bellwether

In 1968 with Bretton Woods soft-peg hanging on a thread, advantages of currency board had become clear

December 15, 2022 7 min read
1

Sri Lanka speaker signs constitutional amendment into law

Aims to make the public service more independent

October 31, 2022 1 min read

Sri Lanka's tragedy and the lost wisdom of D S Senanayake on money printing

That BOP deficits and reserve losses are caused by money printing is now hidden and victims are blamed

Bellwether
October 24, 2022 9 min read
1

Sri Aurobindo: Mystical Awareness Supplants Production

In India, religion and socialism commingle and collide.

October 7, 2022 35 min read

Confusion over whether Sri Lanka's IMF deal will be presented to parliament

"The cabinet will be briefed very soon once he received all the details."

September 22, 2022 2 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 305.1018 305.3339
UK Pound 386.9523 387.2371
Euro 330.8712 332.1141
Aus Dollar 201.0018 201.4980
Yen 2.0266 2.0278
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.6453 3.5932
Korea Won 0.2342 0.2292
Oman Rial 780.3569 769.4973
Saudi Riyal 80.1114 78.9849
UAE Dirham 81.7952 80.6569
Source: Central Bank/Indicative
pts %
S&P SL20 2,573.80 1.00%
CSE All Share 9,073.41 0.65%
Turnover Rs million 1,591,766,524.95 1,029,335,694.32
Source: CSE
Latest Last
3-m bill 21.72 21.79
6-m bill 19.55 20.31
12-m bill 17.72 19.28
5-yr bond 21.00 22.53
8-yr bond 19.42 20.55
Source: Central Bank/Indicative
today yesterday
Overnight Money 13.93 14.00
Gilt Repo 13.50 14.00
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka rates elevated amid failed float and DDR fears

Fear of a DDR/IFR event drive rates even higher

Bellwether
September 19, 2022 13 min read

Sri Lanka is wrong to scapegoat expat workers over Undiyal: Bellwether

Indian billion dollar credit line also works Undiyal fashion

Bellwether
July 25, 2022 6 min read
1

Sri Lanka economic recovery, a common minimum program

A series of detailed proposals

July 1, 2022 15 min read

Sri Lanka, world's poor suffers from Fed's accidental discovery: Bellwether

It is through open market operations that money is printed to mis-target interest rates

Bellwether
June 15, 2022 13 min read
1

Sri Lanka's central bank needs accountability and restraint, not independence: Bellwether

The absolute discretion to print money through flexible inflation targeting cum output gap targeting has to be blocked

Bellwether
June 1, 2022 12 min read

Sri Lanka lifts curfew from 0700h to 1400h on May 12

.

May 11, 2022 1 min read

Sri Lanka can trigger food shortages as in medicines with new trade controls: Bellwether

Forcing food importers to use LCs can create food shortages.

April 29, 2022 11 min read

Bangladesh a surprising economic success

Led by garment exports Bangladesh graduating from Least Developed status

Arjuna Ranawana
April 23, 2022 5 min read

Sri Lanka on the brink of political revolution

The latest viral video is a Sinhala version of the anti-Fascist Anthem known by its original Italian title BellaCia

Arjuna Ranawana
April 16, 2022 9 min read
1

What Sri Lanka's IMF program should look like

Steep rate hikes are needed to save the rupee

Bellwether
April 7, 2022 15 min read