Category: Watch Tower
Ripple Effects: How US Trade Policies Cast a Long Shadow Over Sri Lanka and Beyond
By Uddeepa Peiris MBA, PDGBA, Bcom(Sp), RIA, ACPM, CMA (Passed Finalist),ASA (CPA) Introduction In an interconnected global economy, the trade policies of major powers like the United States have far-reaching consequences. While geographically distant, Sri Lanka—along with numerous other emerging markets—finds itself vulnerable to the shifting tides of US trade strategies. This article delves into […]
Implications of 44-pct US Tariff on SL Trade & Strategic Response: Assessing Economic Impact
By Dr Gayan GunewardanaBSc, MBA, GARF/FRM, CIMA/CGMA, AIB, Ph.D. Introduction The imposition of a 44% reciprocal tariff by the U.S. on Sri Lankan exports, particularly on key sectors such as apparel, has introduced significant risks to the country’s export-driven economy. As the U.S. represents over 40% of Sri Lanka’s apparel export market, this steep tariff increase is […]
Seafoods, Seacucumber, and Seizing Opportunity in Jaffna
By Jekhan Aruliah Mr Ganendran is from Navaly, near Manipay Jaffna. Born in 1975 to a Christian Catholic family, Ganendran had his schooling from Grade 3 to A’Levels at St Patrick’s College. St Patrick’s is one of the leading Jaffna schools, not far from Jaffna Fort. In the midst of the Sri Lankan Civil War, […]
‘s Future – Budget 2025 & Strategic Proposals for Economic Stabilization
By Dr. Gayan Gunewardana BSc, MBA, PhD, CIMA/ ACMA/CGMA, FRM, AIB Sri Lanka’s Budget 2025 sets an ambitious yet pragmatic foundation for economic recovery and sustainable development, presenting a forward-looking framework that balances immediate stabilization with strategic long-term growth. With a planned expenditure of Rs. 7.19 trillion against a projected revenue of Rs. 4.99 trillion, […]
Tariff Wars: How Will the US Reciprocal Tariff Impact Sri Lanka?
By Dr Asanka Wijesinghe: The proposed additional tariffs on the US imports from Canada, China, and Mexico went into effect early Tuesday morning (March 4), paving the way for a trade war between the US and major trade partners. In addition, the Presidential Memorandum on Reciprocal Trade and Tariff of the United States (US) has […]
Opinion: Will NPP’s maiden budget discourage private investment and FDI?
By Indika Hettiarachchi Sri Lanka is a capital staved nation urgently in need to boost private investment to catalyze economic development. In such background it is rather an unusual move for Sri Lanka to increase Capital Gain Tax (“CGT”) to 30% from 10%. This will place Sri Lanka among countries with highest CGT applicable for […]
Opinion: 2025 Budget; A Catalyst for Capital Market Development & Enhanced Corporate Governance
By Uddeepa Peiris Sri Lanka’s 2025 budget, introduced by President Anura Kumara Dissanayake, aims to revitalize the nation’s economy post-crisis. This article examines how the budget’s provisions are poised to stimulate capital market growth and strengthen corporate governance. Key initiatives include tax reforms, infrastructure investments, and the restructuring of state-owned enterprises (SOEs), all designed to […]
Priorities in Focus: Will Budget 2025 Address Sri Lanka’s Agricultural Challenges?
By Dr Manoj Thibbotuwawa and Dr Lakmini Fernando Public expenditure on agriculture as a share of total government spending has decreased from 6.4% to 2% between 2014 and 2023. The irrigation subsector receives most of the agricultural spending (41%), with subsidies accounting for a high 26%. Change to funding priorities necessary to address critical concerns. […]
Opinion: Who fact-checks the fact-checkers? The Controversy Surrounding a Sri Lankan Presidential Post
By Sandun Arosha Fernando In the fast-paced world of digital misinformation, fact-checkers play a crucial role in ensuring accuracy. But what happens when a fact-checking organization itself is accused of getting the facts wrong? A recent controversy surrounding Sri Lanka’s President Anura Kumara Dissanayake’s official Tamil Facebook page has sparked serious concerns about the credibility […]
‘s Stock Market Surges to Historic High – Analyzing the Path Forward
By Uddeepa Peiris The Colombo Stock Exchange’s All Share Price Index (ASPI) has reached an unprecedented milestone, surpassing the 17,000-point mark for the first time in history. This remarkable ascent reflects growing investor confidence in Sri Lanka’s economic trajectory, underpinned by recent governmental policies, good governance initiatives, and strategic international partnerships. Economic Recovery and Growth […]
Balancing Borders: How Should Sri Lanka Manage the Rohingya Influx?
Bilesha Weeraratne, PhD. While the bedrocks of migration in Sri Lanka – foreign employment and remittances – are settling, other aspects are unsettling in 2025. The year 2024 closed with estimates of over 311,000 departures for foreign employment and over USD 6.5 billion in remittances. In December 2024, 115 Rohingya people, including 78 adults and […]
David Pieris Group Launches Northern Entrepreneur Seed Fund
By Jekhan Aruliah I first met Mr David Pieris in 2021. David came for tea at my place in Jaffna on one of his business visits to the North. The David Pieris Motor Company (DPMC) has operated in the North for decades including throughout the Sri Lanka civil war. David told me of his vision […]