NDB Bank Fraud: Under the Lens – Questions No Longer Waiting

Quibit — Sat, 04 Apr 2026 19:18:19 GMT

Allegations of fraud, internal controls in doubt, and mounting calls for regulatory scrutiny? Is the Central Bank on the ball? 4-Eyes rules clearly failed! Be that as it may, Sri Lanka’s banking sector now finds itself confronting a question it has long sought to avoid: what happens when internal controls fail in a system built on trust? Allegations of fraud linked to NDB Bank have begun to circulate widely, raising concerns not only about the incident itself, but about the mechanisms ...

Sri Lanka’s Geography Draws a New Kind of Attention

God Father — Fri, 27 Mar 2026 05:10:17 GMT

[size=16]COLOMBO – On most world maps, Sri Lanka appears as a small, teardrop-shaped island just below India easy to miss against the vast expanse of the Indian Ocean. Yet, in the calculations of strategists, shipping operators, and military planners, its position just north of the equator and adjacent to one of the world’s busiest maritime corridors has drawn increasing and urgent attention. [/size] A Geography That Multiplies Advantage [size=16]Sri Lanka’s location ...

Sri Lanka’s Recovery in Peril as Cyclone Fallout Meets Oil Shock

Quibit — Tue, 17 Mar 2026 13:41:47 GMT

Sri Lanka’s fragile economic comeback is facing a brutal reality check. Just as the island began clawing its way out of its worst financial crisis in decades, a devastating one-two punch Cyclone Ditwah at home and a surging global oil shock from the US–Iran conflict abroad is threatening to derail the recovery. The numbers are stark. Cyclone Ditwah has left billions of dollars in damage, wiping out infrastructure, crippling agriculture, and displacing economic activity across ...

Sri Lanka Stocks Slide as Global Turmoil and Oil Shock Trigger Market Rout

God Father — Tue, 17 Mar 2026 01:33:04 GMT

A deeper correction could potentially push the index toward 18,500 Colombo – Sri Lanka’s stock market took a sharp hit this week as rising global tensions and surging oil prices triggered a wave of selling on the Colombo Stock Exchange, wiping out billions of rupees in market value and raising fresh concerns about the island’s fragile economic recovery. The benchmark All Share Price Index (ASPI) plunged more than 3% in a single trading session, sliding to around 20,950 ...

DealBook.lk Launches as Sri Lanka’s Dedicated Marketplace for Corporate Deals

God Father — Wed, 25 Feb 2026 09:16:59 GMT

DealBook.lk, a new digital marketplace for corporate transactions in Sri Lanka, has officially launched with a mission to connect global capital with high-quality private market opportunities across the country. The platform brings together institutional investors, family offices, strategic buyers, arrangers, sponsors, and founders on a single, curated marketplace designed to facilitate corporate deals across all sectors. DealBook.lk serves as a bridge between international and local investors ...

Asia Capital PLC: From the Brink of Closure to the Hope of Recovery

God Father — Mon, 23 Feb 2026 08:05:20 GMT

After nearly five years of legal battles, restructuring efforts, and complex negotiations, Asia Capital PLC one of the first Investment Banks founded in 1991 and listed on the Colombo Stock Exchange (CSE) emerged from one of the most turbulent periods in its corporate history with a negotiated settlement that closes a long-running dispute with its Japanese investors. What once threatened to push the company toward financial collapse has now evolved into a structured resolution that offers ...

JKH Profit Rebound Overshadowed by Surge in Liabilities

God Father — Sat, 14 Feb 2026 14:44:38 GMT

John Keells Holdings PLC (JKH) has posted a strong rebound in earnings for the quarter and nine months ended 31 December 2025, reporting sharp growth in revenue and operating performance. However, the group’s latest financial statements reveal a parallel and far more dramatic development on its balance sheet — a significant rise in liabilities that now tower over its profit levels. For the December quarter, JKH recorded a profit of Rs. 8.5 billion, up 150% year-on-year, while ...

CBSL warns about “high-yield” plantation / cultivation investments: pyramid vibes

God Father — Tue, 10 Feb 2026 04:10:22 GMT

Every few months, Sri Lanka rediscovers an old truth: when people are squeezed, they chase miracles. And when people chase miracles, someone sells them a miracle—usually with glossy brochures, confident “returns,” and zero regulation. Today’s trending warning comes from the top: the Central Bank Governor has cautioned the public to be vigilant about high-return cultivation / plantation investment schemes, noting that many resemble unregulated pyramid-style traps. This ...

The Stake Without the Steering Wheel: Hayleys, Harischandra, and the Anatomy of Power on the CSE

Quibit — Thu, 29 Jan 2026 02:29:12 GMT

In Sri Lanka’s stock market, ownership is not always power. Sometimes it is merely presence without control. The evolving contest around Harischandra Mills PLC — now featuring Hayleys PLCholding roughly 40.6 per cent and Ambeon Capital moving decisively towards majority control — is a textbook case of how influence, timing, and governance collide on the Colombo Stock Exchange. Hayleys entered the Harischandra story confidently. In late 2025, it acquired a substantial ...

Sena Yaddehige: Doctor with Remote Control

God Father — Tue, 27 Jan 2026 03:05:44 GMT

Chairman of one of the country’s largest listed conglomerates is at the centre of a high-profile legal issue that has raised questions about executive leadership and corporate governance especially as he appears to be operating from overseas. Dr. Sena Yaddehige, the Chairman, Managing Director, and Chief Executive Officer of Richard Pieris & Company PLC a long-established group with diversified interests in manufacturing, engineering, retail, plantations and tyres has been the subject ...

Daily News Update - Financial Chronicle (Sri Lanka)

God Father — Tue, 27 Jan 2026 01:42:32 GMT

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka now available daily.
www.srilankachronicle.com

Touchwood Case Review

seyon — Sat, 17 Jan 2026 18:11:49 GMT

Unofficial information that the expected Touchwood case against Sri Lanka Accounting and Auditing Standards Monitoring Board(SLAASMB) next hearing will be on 26th May 2011. Yes everyone looking the favorable outcome. Today, there are rumors that outcome will be favorable to the company and some brokers recommend to buy at current price. I could see some collection (about 820,000 shares) was made @ 23.60 levels. I just did some research on the Touchwood Case. It looks like decision will be ...

The Central Bank Optimism Masks Sri Lanka’s Post-Cyclone Reality

Quibit — Sat, 10 Jan 2026 10:25:53 GMT

Sri Lanka has just endured one of the worst natural disasters in its post-independence history. Cyclone Ditwa has inflicted devastation across livelihoods, infrastructure, agriculture, and public finances, with reconstruction costs now estimated at USD 4.1 billion. Yet, at this moment of national trauma, the Governor of the Central Bank, Nandalal Weerasinghe, has chosen to frame catastrophe as an opportunity for “stronger growth” and fiscal stimulus. This is not economic realism; ...

The Enemy Within: Confronting Market Manipulation in Sri Lanka’s Stock Exchange

Quibit — Thu, 08 Jan 2026 06:47:38 GMT

The recent actions taken by the Securities and Exchange Commission of Sri Lanka (SEC) in relation to Blue Ocean Securities mark an important and commendable step in safeguarding the integrity of the Colombo Stock Exchange (CSE). At a time when market confidence is fragile and retail participation is rising rapidly, decisive regulatory intervention sends a clear signal that misconduct will not be tolerated. The SEC deserves credit for acting to protect investors and uphold market discipline. ...

Sri Lanka’s Vehicle Import Boom Risks Repeating the Same External Mistakes

Quibit — Tue, 06 Jan 2026 06:21:05 GMT

A country that declared bankruptcy, entered IMF-led restructuring because it could not repay external debt, and spent years under severe import compression is now on track to spend USD 1.7 billion on vehicle imports in 2025, exceeding Sri Lanka’s exports to the United States. That single fact alone should give policymakers pause. Central Bank data show that November 2025 recorded USD 281 million in vehicle imports, the second-highest monthly level of the year, just below September’s ...

Sri Lanka’s Production Economy Has a Face. Politics Pretends It Doesn’t

God Father — Sun, 04 Jan 2026 08:33:17 GMT

Sri Lanka’s political class loves the phrase production economy. It appears in manifestos, budget speeches, policy roadmaps, and post-crisis sermons. It is delivered with solemnity, urgency, and very little consequence. Because when rhetoric is stripped away and the economy is examined as it actually functions, the production economy Sri Lanka claims to want already exists — but only in narrow, uncomfortable pockets. The more disturbing truth is this: Sri Lanka has not failed ...

Commercial Bank of Sri Lanka - Rounding Off Generosity

God Father — Sun, 28 Dec 2025 08:14:54 GMT

One of Sri Lanka’s leading commercial banks named as the first Bank to reach US$ 1 Biillion market Capitalisation in August 2025 by translating national hardship into extraordinary financial returns during Financial Crisis in 2022 has contributed a mere Rs. 120 million to the National Rebuilding Fund. That’s the headline figure. The reality is far more revealing when you look at the scale of what this institution is actually earning. According to its most recent financial filings, ...

From Investor Forum to Financial News Authority: The Evolution of Financial Chronicle

God Father — Sat, 27 Dec 2025 04:18:50 GMT

Financial Chronicle traces its origins to May 8, 2010, when it was launched as the Sri Lanka Equity Forum, an online community created to give local investors a platform for open discussion at a time when digital investment resources in Sri Lanka were limited. What began as a modest message board soon grew into one of the country’s most active investor hubs, attracting thousands of users who shared market insights, company analysis, rumours, and trading experiences. Over the years, ...

CSE to turn bullish after November 14 poll

samaritan — Sat, 20 Dec 2025 03:34:16 GMT

Colombo stocks to further rise after November 14 poll Colombo’s stock market is predicted to go up further after the general election on November 14, several industry analysts said. A senior stockbroker told The Sunday Times Business that the new President Anura Kumara Dissanayake has still not incurred major expenses in his office in the past five weeks. “This is seen as a positive. The tourist arrivals are trickling in. The Lankan rupee and the tea exports have strengthened,” ...

Sri Lankan Rupee Faces Renewed Depreciation Pressure as Central Bank Maintains Policy Stance

God Father — Sat, 20 Dec 2025 03:06:32 GMT

The Sri Lankan Rupee (LKR) is beginning to show signs of renewed depreciation after months of relative stability, with economic analysts projecting a potential weakening toward the Rs.320–340 per USD range in 2026, even with intervention by the Central Bank of Sri Lanka (CBSL). The projection comes amid widening outflows observed in the final quarter of 2025 and structural pressures in the external sector. According to Central Bank of Sri Lanka (CBSL) exchange data, the rupee has ...

Sri Lanka in great danger of another Bankruptcy

God Father — Thu, 11 Dec 2025 01:10:16 GMT

Sri Lanka: Reserve Liquidity as at End-October 2025 Source: - Reserves as at Oct is public info avilable at CBSL website (as you very well know reserves have fell in Nov even to lower lever $6,083mn) - Swaps & Short-term Obligations- you are well aware of China Swap (never utilised) and India Swap, all are Short term arrangements which required to be paid on demand. - IMF tranches so far paid to Sri Lanka is available at IMF website as well CBSL - Hot Money is the questionable figure. ...

Market Optimism Fades as Sri Lanka Grapples With Massive Infrastructure Losses

God Father — Fri, 05 Dec 2025 14:16:47 GMT

Sri Lanka’s recent surge in investor optimism is unlikely to last, arguing that the country’s recovery remains “extremely fragile” especially in light of the devastating cyclone and floods that ravaged parts of the island this month. The assessment notes that the popular narrative of Sri Lanka being an “undervalued investment opportunity” stands in stark contrast to deteriorating economic conditions on the ground. Weather-related destruction, mounting ...

Nations Trust Bank (NTB) Accused of Potential Double Recovery in HSBC Loan Acquisition

Quibit — Thu, 04 Dec 2025 08:39:25 GMT

Concerns are mounting over the legal rights of thousands of HSBC Sri Lanka customers particularly those classified as bad or non-performing borrowers following the Central Bank’s recent approval for Nations Trust Bank (NTB) to acquire HSBC’s retail banking business in Sri Lanka. Legal experts warn that the transfer raises serious questions about contractual validity, borrower protections, and potential unjust enrichment by NTB. - No privity of contract exists between NTB and the ...

Rise above political divides and act with urgency, unity, and compassion! - Editor Financial Chronicle

Quibit — Sun, 30 Nov 2025 17:43:32 GMT

As Sri Lanka confronts the devastating aftermath of Cyclone Ditwah, it is imperative that we rise above political divides and act with urgency, unity, and compassion. The destruction left in the cyclone’s wake has brought profound hardship to families, communities, and even visitors who came to our island seeking its warmth and beauty. Today, we call upon all administrators — government officials, opposition members, provincial authorities, and community leaders to work collectively ...

Pre-emptive Reservoir Water Releases During Extreme Rainfall Warnings

ChooBoy — Sat, 29 Nov 2025 02:40:42 GMT

1.Background* On 12 November 2025, Sri Lankan authorities were warned by meteorological and hydrological agencies that the island could experience a “once-in-50-years” rainfall event within the following days. Such a forecast implies rainfall intensities well above historical norms, capable of causing widespread flooding, flash floods, reservoir overflows, and downstream damage. While there are around 1,840 reservoirs in Sri Lanka, according to the Irrigation Department of ...

Faraz Shauketaly New Chief Editor of Financial Chronicle, Marking a New Era in Sri Lankan Financial Journalism

Quibit — Wed, 26 Nov 2025 20:55:54 GMT

Colombo, Sri Lanka – The Financial Chronicle today announced the appointment of veteran journalist Faraz Shauketaly as its new Chief Editor, a decision widely seen as a defining moment in the evolution of Sri Lanka’s digital media industry. The move positions the platform to transition from a fast-growing financial forum into one of the country’s most authoritative and technologically advanced media institutions. The Financial Chronicle began as an open, discussion-driven ...

The Role of Crowd Behavior: Master the Herd, Master Investing

Rare — Mon, 24 Nov 2025 12:33:16 GMT

https://tacticalinvestor.com/understanding-the-role-of-crowd-behavior-in-stock-investing/ The Contrarian: A Lone Wolf Among Sheep The contrarian investor doesn’t just survive the madness; they thrive in it. While the herd buys at the top and sells at the bottom, contrarians pick their spots, armed with patience, research, and a steel stomach. Warren Buffett’s mantra of being “fearful when others are greedy and greedy when others are fearful” isn’t just ...

Government’s Dollar Bond Issue Triggers Major Market Sell-Off

God Father — Mon, 24 Nov 2025 11:07:31 GMT

Colombo, November 24, 2025 – Sri Lanka’s stock market experienced a sharp downturn today after the Government announced the launch of a new auction for U.S. dollar–denominated domestic bonds, prompting investors to exit equities and move capital into safer fixed-income investments. The Public Debt Management Office of the Ministry of Finance has opened bidding for the new bonds from December 1 to December 3, with settlement scheduled for December 10. The initial offering ...

Colombo Stock Market Faces Rising Downside Risks Despite Reaching Record Highs

God Father — Thu, 20 Nov 2025 05:42:55 GMT

Sri Lanka’s stock market, which recently climbed past the 23,000-point threshold for the first time, is now showing clear signs of vulnerability as analysts warn that downside risks are beginning to outweigh upside potential. The All Share Price Index (ASPI) has hovered around 23,100, but market momentum appears fragile amid growing macroeconomic and policy uncertainties. Over the past two weeks, turnover has increased alongside heightened profit-taking, while several sessions have ...

Softlogic Holdings PLC Shows Signs of Financial Recovery Amid Strategic Realignments

God Father — Tue, 18 Nov 2025 04:28:55 GMT

Softlogic Holdings PLC, one of Sri Lanka’s largest diversified conglomerates with interests across retail, healthcare, financial services, ICT, and leisure, has demonstrated notable progress toward financial recovery during the first half of the financial year 2025/26, despite continuing challenges stemming from macroeconomic pressures, elevated borrowing costs, and sector-wide profitability constraints. Stronger Revenue Growth Signals Renewed Business Momentum The Group reported ...

Fact Check: The Truth Behind the “John Keells Collapse” Story

Quibit — Sun, 19 Oct 2025 04:33:48 GMT

Fact Check: The Truth Behind the “John Keells Collapse” Story A recent viral article titled “The John Keells Collapse” makes a series of alarming claims suggesting that John Keells Holdings PLC (JKH) — Sri Lanka’s largest listed conglomerate — faces financial ruin, tax fraud, and imminent bankruptcy. However, a review of JKH’s audited Annual Report 2024/25 and Quarterly Interim Financial Statements (June 2025) reveals that nearly all of the ...

Convicted Stockbroker Continues to Operate Amid Fresh Allegations at ACAP Stockbrokers

Quibit — Mon, 13 Oct 2025 15:19:19 GMT

Colombo, October 2025 — Serious questions have been raised over the continued presence of a stockbroker, Ruwan Rodrigo who is previously convicted by two superior courts in connection with a Rs. 58 million fraudulent trading case whilst working at Ambeon securities (Case details attached), who is alleged to be currently operating as an Investment Advisor at ACAP Stockbrokers (Pvt) Limited despite the regulatory “fit and proper” requirements that govern market participants. According ...

Colombo Stock Market ASPI to reach 22,000 in 2025

God Father — Wed, 08 Oct 2025 02:36:11 GMT

The Colombo Stock Exchange (CSE) is poised for potential long-term growth, driven by macroeconomic reforms, structural adjustments, and improved investor sentiment. Despite current challenges, the All Share Price Index (ASPI) is likely to exhibit upward momentum, with a potential to reach 22,000 points in the medium term. This prediction is supported by several key factors: Macroeconomic Stabilization: Efforts by the government to implement structural reforms, reduce fiscal deficits, and ...

Thilan Wijesinghe - The Most Corrupt Investment Banker in Sri Lanka

ChooBoy — Wed, 24 Sep 2025 17:18:49 GMT

Thilan Wijesinghe, despite being branded as a “pioneer” in investment banking and PPPs, has repeatedly been linked to some of Sri Lanka’s most controversial corruption scandals. His tenure as Chairman of the Board of Investment (BOI) ended in disgrace amid bribery allegations, where he was accused of soliciting payments from investors in exchange for approvals. The scandal triggered CIABOC investigations, forcing his resignation and leaving a lasting stain on his credibility Years ...

Central Banker Grades 2025 – The Untold Truth Behind Sri Lanka’s “A” Rating? Should it be C+

God Father — Sat, 30 Aug 2025 11:57:44 GMT

In August 2025, Global Finance magazine released its annual Central Banker Report Cards, grading nearly 100 central bank governors worldwide on a scale of A+ to F. These grades are widely quoted in the media and treated as a sign of credibility. But a deeper review reveals serious mismatches between the glossy ratings and real economic outcomes. Key Points from the Report “Sri Lanka should be C+, not A” Methodology Flaw Global Finance uses a mix of objective metrics ...

Sri Lanka to Launch Its First-Ever AI Store: “The AI Mart” in September 2025

God Father — Sat, 30 Aug 2025 07:48:59 GMT

Sri Lanka is set to reach a new technological milestone with the launch of its first-ever AI store, “The AI Mart,” brought to the market by innovative tech company Chat2Find. Scheduled to open in September 2025, The AI Mart will offer a wide range of AI-powered products and services, catering to both businesses and individual consumers looking to harness the potential of artificial intelligence. The AI Mart is designed as a one-stop solution for AI enthusiasts, professionals, ...

NewsDive Unveils “Listen to News” Audio Feature

God Father — Sun, 10 Aug 2025 05:42:31 GMT

Start Listening August 10, 2025 — NewsDive, the AI-driven news aggregator known for delivering real-time, localized news digests, has expanded its multimedia toolkit by launching a brand-new “Listen to News” audio capability. This initiative aims to cater to today’s on-the-go news consumers, merging convenience with accessibility. What’s New NewsDive’s updated interface now includes an integrated audio player that provides voice-narrated versions ...

JKH - JKCG AUTO - KEELLS' ELECTRIC SHOCK: The Rs. 22 Billion BYD Bungle That Could Bankrupt Sri Lanka's Blue-Chip Giant

MalakaDesmond — Fri, 01 Aug 2025 05:08:20 GMT

KEELLS' ELECTRIC SHOCK: The Rs. 22 Billion BYD Bungle That Could Bankrupt Sri Lanka's Blue-Chip Giant *How 1,000 Detained Chinese Cars Have Triggered the Biggest Corporate Crisis Since the Easter* --- *They called it the future. John Keells Holdings, Sri Lanka's most venerated conglomerate, trumpeted their partnership with Chinese electric vehicle giant BYD as a game-changer that would revolutionize island transport while padding their already bulging coffers. Today, that future ...

Chat2find Sri Lanka's First Multilingual, data access free AI Platform

ChooBoy — Thu, 31 Jul 2025 17:55:23 GMT

Founded in 2023 and headquartered in Colombo, Chat2Find is a rapidly growing AI startup on a mission to make information discovery effortless, inclusive, and secure through conversational and productivity-focused artificial intelligence. Chat2find Sri Lanka's First Multilingual, data access free AI Platform making AI technology accessible to all. Launched in March 2023. Try it now https://chat2find.com Chat2Find, a privately held AI startup founded in 2023 has officially unveiled ...

Sri Lanka’s First-ever AI News Aggregator ‘NewsDive™’ Launched by Chat2Find

God Father — Wed, 23 Jul 2025 17:16:57 GMT

In a groundbreaking development for Sri Lanka’s digital media space, Chat2Find, a pioneering local AI startup, to launch NewsDive, the country’s first AI-powered news aggregator. This innovative platform is set to revolutionize how Sri Lankans and global users with Sri Lankan roots consume news, by using intelligent algorithms to deliver the most relevant, real-time and unbiased content, customized by location and category. The First of Its Kind in Sri Lanka In an age of information ...

Sri Lanka’s 18% Digital VAT Risks Provoking Trump’s Wrath Amid U.S. Tariff Offensive

God Father — Sat, 12 Jul 2025 05:41:37 GMT

Colombo, July 12, 2025 — Sri Lanka is bracing for potential diplomatic turbulence as it prepares to impose an 18% Value Added Tax (VAT) on digital services provided by non-resident tech giants primarily from the United States, starting October 1, 2025. This tax move directly affects companies like Facebook (Meta), Amazon, Netflix, Google, and X (formerly Twitter), all of which generate substantial revenue from Sri Lankan users despite having no physical presence in the country. The ...

Stock Market Collapse: Madness or Adjustment?

God Father — Tue, 03 Jun 2025 06:12:42 GMT

Current market downfall is not madness but the adjustment that was long overdue. Market was pumped up after debt restructuring by opportunists without any clear economic recovery. Sri Lanka is yet to pay a single dollar to its lenders and bondholders. Top corporate performance are falling as reported in 1Q2024/25 due to lower demand for their goods and services. 2Q performances are also expected fall further due to economic mismanagement and political interplay. Many concessions (salary increases ...

Plantation Companies

God Father — Sat, 31 May 2025 06:21:16 GMT

Qurately Research update of Plantations companies for quarter ended 30th Septemper 2024.

Free Download: https://lankabizz.net/product-tag/plantation/

How to find Biriyani in Vatican City

God Father — Thu, 29 May 2025 15:27:41 GMT

Finding authentic buriyani in Vatican City can be a bit challenging due to its predominantly Italian cuisine. However, Rome, the capital city of Italy, offers several Indian restaurants where you can enjoy this flavorful dish. Cheap2Find is an online platform powered by AI and designed to help users discover the most affordable prices for a wide array of products, services, and food items across various locations. Whether you’re searching for “Buriyani in Colombo,” “Salons ...

Why the Sri Lankan Stock Market (ASPI) Is at Risk of Crashing to 14,500?

DeepFreakingValue — Sat, 17 May 2025 08:08:31 GMT

As global trade tensions intensify and fiscal pressures mount, Sri Lanka's All Share Price Index (ASPI) is increasingly vulnerable to a steep correction — with technical and macroeconomic indicators pointing to a potential crash toward 14,500 levels. Among the primary catalysts is the recent US reciprocal tax regime, which threatens to severely undercut Sri Lanka’s key export sectors at a time when domestic consumption and investment remain weak. 1. US Reciprocal Tax Hits at ...

INDIA-PAKISTAN CONFLICT: Impact on Sri Lanka Economy and Stock Market

God Father — Wed, 07 May 2025 23:50:47 GMT

The India-Pakistan conflict can affect Sri Lanka’s economy and stock market in several indirect ways, even though Sri Lanka is not directly involved: Regional Instability: Heightened tensions between India and Pakistan create regional instability in South Asia. This can make international investors more cautious about investing in the whole region, including Sri Lanka, leading to reduced foreign direct investment (FDI) and foreign portfolio investment (FPI) inflows. The Colombo Stock ...

Sri Lanka’s Debt Restructuring: A Sustainable Shift or Statistical Sleight?

God Father — Sat, 03 May 2025 05:49:49 GMT

IMF says when Sri Lanka’s Debt is LKR 17.6 trillion, it is “unsustainable’. But when Sri Lanka’s Debt rises by 65% to LKR 28.7 trillion, the IMF says it is “sustainable”! Sri Lanka’s journey from the brink of economic collapse to a narrative of debt sustainability within three years has sparked both admiration and skepticism. According to data sourced from the Central Bank of Sri Lanka, the country’s total debt rose from LKR 17.6 trillion ...

The World Protectionists!

God Father — Wed, 16 Apr 2025 18:02:25 GMT

US says China faces up to 245% tariff due to retaliatory action. Sri Lanka continue to charge more than 420% taxes for import of vehicles from Japan TAX 245% USA TAXES AGAINST CHINA US says China faces up to 245% tariff due to retaliatory action China now faces tariffs of 245 per cent on import of goods into the United States “as a result of its retaliatory actions”, the White House said Tuesday afternoon (India time) as the trade war between the two countries appears to ...

Sri Lanka Rubber Industry to Crash!

God Father — Sat, 05 Apr 2025 19:04:39 GMT

CRTA warns US tariff hike will devastate Sri Lanka’s rubber industry 05 Apr 2025 - Daily Mirror Total tariff to increase from 12.5% to 56.5% Cautions new tariff is expected to have a far-reaching impact on rubber tappers, their families and Sri Lanka’s broader economy The Colombo Rubber Traders Association (CRTA) joined the bandwagon in expressing deep concern about the recent imposition of a 44 percent blanket tariff by the United States on all imports from Sri Lanka ...

Colombo Dockyard (DOCK.N0000) to be acquired by Mazagon Dockyard India

God Father — Wed, 02 Apr 2025 05:47:40 GMT

April 2, 2025 Colombo Sri Lanka (LankaBIZ) – The Sri Lankan government’s decision to allow the divestment of Colombo Dockyard PLC—a strategic national asset— is likely to draw widespread criticism, with many likely to call for state intervention instead. According to sources government is planning to facilitate the divestment of Colombo Dockyard to Mazagon Dockyard an Indian company during Indian Prime Minister Narendra Modi’s visit to Sri Lanka in April 2025. ...

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