Agreement in principle on commercial debt restructuring is a game changer: Economist Source : dailymirror Cololmbo, September 20 (Daily Mirror) – In reference to Sri Lanka agreeing in principle on the restructuring of commercial debts (ISB), Chairman of Advocata Institute Murtaza Jafferjee said it was a game changer on the path to debt sustainability. He said there is a lot of political discourse on the need to renegotiate debt sustainability analysis, it cannot be done. Making his remarks to the media, he said Sri Lanka is now under selective credit rating, and it will probably take a few more months probably to complete the whole process. After that, he said there would be a rating action on Sri Lanka. “Getting an investable rating is fundamental to our economic rating. It is important to ensure that our debt carrying capacity is improved before 2028 so that we gain access to the international ...
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Economy, Psychology, Politics and Us – By Nisal Rukshan The Economy of a country has a profound impact on the effective functioning of all other sectors. To measure the economic perspectives, many standardized factors such as Gross Domestic Product (GDP) – the total gross value added by all domestic producers in the economy, Gross National Income – per capita (GNI), Exports and imports of goods and services, have to be considered. In psychology, thoughts, feelings, and behaviors are considered to provide a better understanding of human activities. These human activities vary according to social, economic, political, and scientific factors. The behavioural economics reveals how human behaviours are consistent with economic perspectives. It further explains beyond the neo-classical definitions of rational or optimal decision-making. By deriving the foundations of questioning and through researching on these fields, behavioural economists further elaborate that “people as human beings who are subject to emotion and ...
Jul 17, 2024
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Tagged Central Bank data, economy, GNI per capita, Gross Domestic Product, Gross National Income - per capita, Nisal Rukshan, Politics, psychology, Sri Lanka, Sri Lanka's GDP growth, The Economy of a country
Oil Price: cloudy outlook with bearish tendencies – By Hemantha Yapa Abeywardena Source : oilfutures The slow growth rate of China’s GDP, around 5% according to the latest forecasts, coupled with the falling gas prices, is clearly inhibiting the potential rise of global oil prices. China, the world’s top oil importer and second largest consumer after the US, enjoyed four decades of robust growth that used to be close to 10% – the envy of the developed world. The latest data from China’s Bureau of Statistics, the world’s second largest economy is heading towards its own new ‘normal’ – a relatively modest growth around 5%. Although China still manages to keep its economy growing despite many headwinds, the concerns on many fronts eclipse the growth picture: its frosty relationships with the West, uneasy diplomatic relations with the neighbours, especially around the South China Sea and of course, its troubled neighbourly ...
Jul 17, 2024
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Articles, Hemantha Yapa Abeywardena
Tagged China's Bureau of Statistics, China's GDP, economy, Fuel Price, global oil prices, Hemantha Yapa Abeywardena
Are We Ready to Inject AI to Our Economy? – By Nisal Ruksha A hustle-bustle lifestyle with various types of role-play makes humans busy and stressed. As solutions, human intelligence brings some answers. Man-made apparatus and tools are now available in every sector to simplify the activities from womb to tomb in the life cycle; technologically improvised devices surround us everywhere. Kevin Ashton’s Internet of Things empowered (IoT) digital computers, robots, and satellites were pioneers in the field and now Artificial Intelligence (AI) has taken the lead powering Fourth Industrial Revolution. Decision-making, the ability to reason, analyze or generalize previous experiences, and intellectual processes are now within AI’s robot capabilities, controlled by a digital computer or computer-controlled robot. (But it is noteworthy that its capabilities are remain different from human intelligence and limited to specific domains and tasks.) The specialty of AI includes capabilities of human-like abilities; learning, reasoning, problem-solving, ...
Brain Draining Pearl – By Nisal Rukshan A state’s economy can significantly influence its population. The economic stability of a country relies on salient factors including, labour, taxation, human resources, income distribution, political status, policies & strategies of the government, education system, usage of technology, the contribution of the state sector and private sector, the trade balance (the difference in country’s imports and exports of goods and services), unemployment, infrastructure, wages, inflation etc. However, in times of economic upheaval or political instability, a country’s development growth can be hindered and such a situation can lead to unrest among citizens. Waves of the depressed population will strive to seek remedies or ask for solutions from authorities to overcome financial difficulties. When such efforts have become futile, the road to struggle will automatically open up. That results in a high rate of brain drain aka substantial emigration among any population. Marshlaw’s hierarchy ...
Jun 23, 2024
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Tagged Brain Draining Pearl, economy, education system, Human Resources, income distribution, labour, Nisal Rukshan, policies & strategies of the government, political status, taxation
Kaleidoscope with Savithri Rodrigo 213 06 06 2024 We’re celebrating Pride Month with one of TIME’s 100 Most Influential on the show today, highlighting World Environment Day! Plus – a techpreneur tells it like it is, fabric tells us a story, get mesmerized by a volcano, take photos from the sky and get a glimpse of the economy! Click here to receive your free copy of the eLanka Newsletter twice a week delivered directly to your inbox! ...
Jun 6, 2024
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Articles, Savithri Rodrigo
Tagged economy, Kaleidoscope, Savithri Rodrigo, World Environment Day
Kaleidoscope with Savithri Rodrigo 208 02 05 2024 It’s all about jazz this week and the Yoruba gods, tech law, the economy, BBQ perfume & the Gratiaen shortlist – and that’s just the tip of the iceberg – there’s lots more. Click here to receive your free copy of the eLanka Newsletter twice a week delivered directly to your inbox! ...
May 2, 2024
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Articles, Savithri Rodrigo
Tagged BBQ perfume, economy, jazz, Kaleidoscope, Savithri Rodrigo
Kaleidoscope with Savithri Rodrigo 185 23 11 2023 Happy Thanksgiving! Today on the show, we’re asking important questions: What can we do to protect women from violence? What does Sri Lanka have to do to become a Smart Nation? What is the history behind Sri Lanka’s biodiversity? Plus – dog-worshipping celebrations, the effects of loneliness, a USD 2.7 Mn whiskey, the economy and much more. ...
Nov 23, 2023
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Articles, Savithri Rodrigo
Tagged economy, Happy Thanksgiving, Kaleidoscope, Savithri Rodrigo, Sri Lanka, Sri Lanka’s biodiversity
SRI WICKRAMA RAJASINGHE ERA ECONOMY DURING THE COLONIAL ERA FROM 1815- 1832 – By Dr Tilak S. Fernando Since Sri Wickremara Ranasinghe became King of Senkadagala (Kandy), many conflicts existed between the elite and society. When it became so aggressive to take revenge in April 1802, there was an incident in British-occupied Puttalam, where a Muslim group was battered, and their belongings were seized with the help of Pilimathala Chief Adikam using Ceylonese lots. During the 18th Century, the British Indian Trading Company owned many parts of India. Meantime, The United States of America had a battle with the British. Simultaneously, the Dutch were fighting for their independence against the British. On January 05, 1782, Under Admiral Sir Edmond Fuse of the Navy sent a contingent and a walking platoon, to the up-county, with the help of Commander Lord Hector Senadipathy (Admiral), who held the position of the Governor of ...
Jul 18, 2023
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Articles, Tilak S Fernando
Tagged British Indian Trading Company, Ceylon, Dr. Tilak S.Fernando, economy, Sri Wickrama Rajasinghe
Kaleidoscope with Savithri Rodrigo 163 22 06 23 Happy Thursday! It’s Pride Month & we take a look at Colombo Pride, talk about Sri Lanka as a start-up, chat with a Data Scientist about ‘The Wretched and the Damned’, check out horse diapers, the world’s youngest software engineer, the economy, markets and lots more. Click the link to enjoy our programme today: Have a great weekend. Savithri ...
Jun 22, 2023
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Articles, Savithri Rodrigo
Tagged Data Scientist, economy, Kaleidoscope, markets, Savithri Rodrigo, Sri Lanka, world’s youngest software engineer
