Posts Categorized: Economy

2004 Tsunami

Note the divergence in information on number of casualties, etc.  The NorthEast of Sri Lanka was one area severely under-counted due to lack of facilities and official interest. https://www.abc.net.au/news/2014-12-24/boxing-day-tsunami-how-the-disaster-unfolded/5977568 January 2007 https://www.researchgate.net/publication/29459974_The_Economic_Effects_of_the_Asian_Tsunami_on_the_Tear_Drop_in_the_Indian_Ocean_A_General_Equilibrium_Analysis https://www.theguardian.com/global-development/2014/dec/25/where-did-indian-ocean-tsunami-aid-money-go  

The Rajapaksas Will Ruin Sri Lanka’s Economy

Virulent ethnic nationalism and hateful rhetoric toward minorities might win votes, but it will lead the country to economic ruin. by Amita Arudpragasam, Foreign Policy, Washington, DC, November 27, 2019 On Nov. 18, Gotabaya Rajapaksa took his oath as Sri Lanka’s seventh executive president, at the sacred Buddhist temple Ruwanwelisaya in Anuradhapura. Three days later, his brother,… Read more »

World Bank: Making (De)centralization Work

by World Bank, Washington, DC, October 13, 2019 See Chief Economist for South Asia video summary here Full report here In a focus section, the report highlights how, as their economies become more sophisticated, South Asian countries have made decentralization a priority to improve the delivery of public services. With multiple initiatives underway across the… Read more »

The True Cost of Your Trip to Sri Lanka

by 47Roots, London?, August 12, 2019 Here’s what you should consider before you plan your next trip to Sri Lanka. Places to avoid: Sri Lanka Campaign: https://www.srilankacampaign.org/ethi… Adayaalam Centre for Policy Research (ACPR) – Interactive Map https://www.google.com/maps/d/u/0/vie… Sources: Tamil Guardian: www.tamilguardian.com @tamilguardian People for Equality and Relief in Lanka https://pearlaction.org/ @PEARLAlert ‘Our land Our Life’… Read more »

Sri Lanka’s Market

An Investment Gem Hidden In Too Much Pessimism by Rainer Michael Preiss, ‘Forbes,’ New York, August 7, 2019 Sri Lanka’s Prime Minister Ranil Wickremesinghe speaks at the 30th anniversary of the Colombo Stock Exchange ceremony in Colombo on December 2, 2015 . ISHARA S.KODIKARA/AFP/GETTY IMAGES Legendary billionaire investor George Soros famously observed that “the most… Read more »

Sri Lanka Growth Diagnostic Analysis

by Harvard U’s Center for International Development, January 2018 https://srilanka.growthlab.cid.harvard.edu/publications/sri-lanka-growth-diagnostic https://growthlab.cid.harvard.edu/files/growthlab/files/growth_diagnostic_for_sri_lanka_1.pdf Abstract: Throughout 2016, CID conducted a growth diagnostic analysis for Sri Lanka in collaboration with the Government of Sri Lanka, led by the Prime Minister’s Policy Development Office (PDO), and the Millennium Challenge Corporation (MCC). This presentation report aggregates collaborative quantitative and qualitative analysis… Read more »

US Millennium Challenge Corporation

by US Millennium Challenge Corporation, July 2019. Pictures from US Amb. Teplitz’s Twitter feed, July 30, 2019 The land project will initially focus on districts in the Central, North-Western, North-Central and Eastern Provinces. Highlights of MCC Compact Scorecard FY19 More info, including 2017 Constraints Analysis  

SL Governor Dodges Ki’linochchi DCC Meeting

Colombo’s military and departments confronted by TamilNet, July 29, 2019 …SLA was having only seven acres of lands… …CSD was refusing to release the 310 acres of lands at the Civic Centre Village and 105 acres at Marutha-nakar… The so-called Civil Security Division (CSD) and the occupying SL Army, which come under the SL Defence… Read more »

Sampanthan Insists on Implementing UNHRC Resolution, Adopting New Constitution

As top priorities for Lanka by ‘The Island,’ Colombo, April 8, 2019 Former Opposition Leader Rajavarothiam Sampanthan told Parliament, on Budget 2019 voting day, last Friday, that implementing of the UNHRC resolution and the adoption of a new constitution are two issues of utmost importance to the country today. Sampanthan’s statement: Before I commence my… Read more »

What Sri Lanka’s 2019 Budget Tells Us About Its Economic Health

by Umesh Moramudali, ‘The Diplomat,’ Tokyo, March 27, 2019 In the aftermath of political turmoil, Sri Lanka’s government will be hard-pressed to manage debt and growth in 2019. Following one of the most dramatic political crises in the recent history of South Asia, Sri Lanka’s government budget for 2019 was approved by the majority of the parliament… Read more »

Sri Lanka Refuses to Hand Back Military Occupied Land

By Athula Vithanage, Journalists for a Democratic Sri Lanka, Europe, March 22, 2019 UN WebTV  Thousands of acres of land occupied by the military in northern Sri Lanka will not be released to their rightful owners despite ongoing protests. Scores of war displaced Tamil families have been protesting for more than two years by the… Read more »

The Vanni – Civilian Land under Military Occupation

Displacement, Resettlement, Protests by Society of Threatened Peoples (STP) &  National Fisheries Solidarity Movement (NAFSO), February 2018 https://www.tamilguardian.com/sites/default/files/File/180301%20STP%20Report_Vanni_SriLanka_low.pdf https://www.gfbv.ch/wp-content/uploads/sri-lanka-vanni-e-lang.pdf https://www.gfbv.de/fileadmin/redaktion/UN-statements/2018/Sri-Lanka_HRC_Statement_February_2018_EingereichtvonGfbVSchweiz.pdf Oct. 28, 2018

Master Plan for Economic Development in the Northern province Launched

by The Sunday Times, Colombo, February 22, 2019 The ‘Framework for an Economic Development Master Plan’  aiming to be a tool to create a ‘blueprint’ for  long-term growth and development of the Northern Province was launched today at the Finance Ministry. Finance Minister Mangala Samaraweera, addressing a gathering at the launch said during the last four… Read more »

HRW: “Why Can’t We Go Home?”

Military Occupation of Land in Sri Lanka by Human Rights Watch, New York, October 9, 2018 https://www.hrw.org/report/2018/10/09/why-cant-we-go-home/military-occupation-land-sri-lanka Summary On April 29, 2017, the Sri Lankan navy high command announced it would release 100 acres of land that security forces had been occupying in the Mullikulam area since 2007 to the original owners. For the displaced… Read more »

Release of Land

 Sri Lanka Army had released over 69,000 acres of land in North and East since 2009  by ColomboPage, December 17, 2018 Sri Lanka Army said over 69,000 acres of land that was used by the Army in the North East following the end of the war had been released since 2009. The Army said since… Read more »

Entrepreneurs in Jaffna?

Take a look in Ammachi! by Jekhan Aruliah, ‘LankaBusinessOnline,’ November 26, 2018 Soon after I moved to Jaffna in 2015 I heard rumours of this fantastic food court run by war widows. Friends driving North from Colombo said they found it somewhere on the A9 near Killinochchi in Sri Lanka’s Northern Province. It was a… Read more »

Indo Sri Lankan Fishery Dispute

Solving the problem in a win win situation by Punsara Amarasinghe, ‘Countercurrents.org,’ May 12, 2018 Co-Written by Punsara Amarasinghe & Eshan Jayawardena Also posted in Indian Defense Review on May 21, 2018 entitled ‘India, Sri Lanka must solve fishery dispute bilaterally.’ The Palk Bay, a narrow strip of water separating the state of Tamil Nadu… Read more »

90,000 Northern Families in Shanties or Homeless

What happened to Govt. promised housing? Opinion by Jekhan Arulian, ‘LankaBusinessOnline,’ September 26, 2018 In October last year I had the privilege of participating in the blessing of a new water well in the Killinochchi District of the Northern Province. Its construction had been funded by the UK based charity Child Aid Lanka. The family on… Read more »

MCC: Sri Lanka Constraints Analysis

by US Millenium Challenge Corporation, Washington, DC, 2017 https://assets.mcc.gov/content/uploads/constraints-analysis-sri-lanka.pdf We argue in this report that Sri Lanka faces the following three binding constraints to private sector investment and economic growth: (1) policy uncertainty (especially tax and tariff policy); (2) inadequate access to land; and (3) poor transportation and logistics… The state reportedly owns approximately 80… Read more »