exports

Doubling Exports in a Decade: Too Ambitious or Easily Achievable?
||
Published on The Morning The Export Development Board (EDB) in April 2011 announced that Sri Lanka aims to increase its export earnings to $ 20 billion by the year 2020. This brought good news on the future of foreign reserves...
continue reading
Top Panel Sounds Alarm, Insists it’s Time for Urgent Economic Reforms
||
Published in the DailyFT Sri Lanka facing one of the worst economic crises in its history Pandemic only exacerbated existing economic weaknesses; roots lie in unsustainable debt, fiscal indiscipline and low rates of growth  To emerge from crisis, comprehensive and...
continue reading
Sri Lanka Inflation: Economic Emergency Causes Prices of Essential Goods to Soar
||
Published on CGTN Sri Lanka is under a state of emergency with rising costs and fears over the economy. And the President's proposals are igniting controversy. Roel Raymond reports. The price of essential items has increased greatly in Sri Lanka,...
continue reading
විදේශ විනිමය අනුපාතය – Nishan de Mel on Hiru Evening NewsCast
||
Executive Director Nishan de Mel speaks to Hiru Evening News on the Central Bank's valuation of foreign exchange rates and how it could potentially lead to a deepening of the foreign exchange crisis Sri Lanka is facing.
continue reading
Desperately Searching for Dollars: Importers and Import-Intensive Exporters Badly Hit
||
Published in The Sunday Times Importers continued to fret this week with containers–many of them holding inputs for export manufacturing–held up because dollar-strapped Sri Lankan banks were slow in settling payments with the sellers’ banks abroad. “I bring in raw...
continue reading
Export sector needs better strategies to propel growth
||
Originally published in - Sunday Observer Sri Lanka needs to work out better strategies in accordance with local and global developments to propel growth without lowering set targets. The country’s export sector in particular is not in sync sufficiently to...
continue reading
NCE applauds methods introduced to promote key export sectors
||
Taken from DailyNews Photo Courtesy -  DailyNews The National Chamber of Exporters of Sri Lanka (NCE) welcomed the national budget 2019, as it reflects the government policy of pursuing an outward oriented growth strategy to better garner set economic targets....
continue reading
High protection betrays uncompetitiveness of Sri Lankan industry
||
ECONOMYNEXT - Prohibitive import tariffs that protect domestic industry from competition are an indication of the inefficiency of local companies, Subhashini Abeysinghe, Research Director at think-tank Verité Research said. Higher import taxes signal higher domestic prices compared to import prices,...
continue reading
Sri Lanka needs to generate public support for trade reform
||
ECONOMYNEXT - Sri Lanka needs to convince the public about the benefits of trade so they could prod politicians to make the reforms to reduce living costs and companies more competitive, panelists at a World Bank forum said. The general...
continue reading
Corrupt bureaucrats, uncompetitive local industries blocking trade liberalisation
||
By Nishel Fernando The largely uncompetitive local industries and corrupt bureaucrats are exploiting the public perception to delay trade liberalisation and the necessary reforms for their personal gains, as the government and academics have so far failed to engage the...
continue reading