The Asian Development Bank (ADB) has provided a guarantee for a $25 million trade loan to the State Pharmaceuticals Corporation of Sri Lanka (SPC) to purchase medical supplies as part of the country’s response to the novel ....

ADB's Women Entrepreneurs Finance Initiative (We-Fi) has been instrumental in empowering and creating opportunities for women-led small and medium entrepreneurs in Sri Lanka. Nelum's story is one of the testaments to this.

Facebook CEO Mark Zuckerberg has been caught up in a whirlwind in recent months, giving congressional testimony and public statements defending Facebook against allegations that it has been too lax in combating online hate speech and disinformation. International criticism has rightly brought attention to the urgent need to address Facebook’s role in stoking ethnic and…

An important, if short, cautionary tale on being dependent on any single foreign source of energy.

It involves planting another surprising crop.

It's the ultimate zero-waste crop, useful from root to shoot.

Everything fit into my carry-on backpack, and I still ended up with extras.

The island that Marco Polo once described as "the most beautiful in the world" lived up to its reputation.

Sri Lanka has offered to host the 13th edition of the Indian Premier League (IPL) which has now been indefinitely suspended by the BCCI due to the ongoing coronavirus pandemic.

The 2020 IPL edition was slated to start from March 29 but with the coronavirus outbreak it was first deferred till April 15 and now with the extension of nation-wide lockdown in India till May 3, it has been indefinitely suspended.

Apparently, the Sri Lanka cricket board has written to their Indian counterparts wherein they have offered to host the IPL.

"Apparently it will cost the BCCI and its stakeholders more than $500 million to cancel the IPL," ESPNcricinfo quoted Shammi Silva, SLC president, as telling to Sinhala daily Lankadeepa.

"So perhaps they can minimise those losses by hosting the tournament in another country.

"If they play it in Sri Lanka, it's easy for Indian audiences to watch the games on TV. There's precedent for this because they've played the IPL in South Africa before. We're waiting for the Indian board to respond to our proposal," he added.

On two occasions in the past, the IPL has been shifted out of India. The 2009 edition of the IPL had been moved to South Africa due to Lok Sabha elections. In 2014, the UAE had hosted the first two weeks of IPL also because of the general assembly polls in India.

"If the Indian board does agree to play the tournament here, we're ready to provide facilities in line with the requirements and recommendations of medical professionals. It would be a substantial source of income for Sri Lankan cricket as well," Silva said.

Sri Lanka has so far registered fewer number of coronavirus cases as compared to India. Till now, the country has over 230 COVID-19 cases while seven lives have been lost in the island nation.

However, the lockdown imposed in Sri Lanka is even more severe than that in most parts of India, with a curfew having been put in place for almost four weeks. The Sri Lanka government remains optimistic about eliminating the virus from the country and if the goal is achieved, then Sri Lanka can become a viable option as an IPL venue. However, even then, the government clearance would be required to host such a big tournament.

In India, the condition is worse as more than 13,000 confirmed cases have been reported thus far with more than 400 people losing their lives to coronavirus.

BCCI is also looking at the two options of having an IPL this year. They are looking to organise the event in September and early October before the T20 World Cup in Australia or hosting it at the expense of the T20 World Cup if the ICC, Cricket Australia and other stakeholders are all in agreement.

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When Simon Lewis and his family — wife Irene, daughter Melissa and son-in-law Stephen Alexander — got ready for a five-day holiday to Sri Lanka, it was to be a short break from work routine.

Simon, a Dahisar native, said, "On March 11, we called the Sri Lankan Embassy in Colombo, because we did have some qualms about the Coronavirus, but the official reassured us that all was well in Sri Lanka, flights were operational, and we could certainly fly."

On March 14, the family flew to Sri Lanka. Simon said, "We had return tickets on Air India on March 20. A day before we got a message saying that the flight was cancelled and rescheduled to March 21. Then, that flight got cancelled without explanation or apology!"

The Lewis' then booked flights on Sri Lankan Airlines for March 26 which got cancelled too, because of the lockdown. They have not got refunds. They have now been in Sri Lanka for more than 40 days without a clue about when they will return.

Simon, 62, is a Marketing Director with a pharma and aerosol company. He said the family is now, "living in a house on rent in Negombo," a small beach town close to the Bandaranaike International Airport. "We are going about our daily life with severe difficulties. We do not have any contacts over here. Our expenses have skyrocketed. Bank transfers are also a problem. As a businessman, it is humiliating to beg the bank to transfer funds. I need to pay salaries to my staff and process my pending payments so that I do not incur penalties."

Multifold challenges
Simon's wife Irene, 61, said they are also "finding it difficult to source Ayurvedic medicine for psoriasis." Stress and a food allergy have aggravated her condition. Her daughter Melissa added, "We are stranded here for 45 days and have registered with the Indian Embassy but no one has checked on us even once." The media professional is concerned about being laid off from work. Sri Lanka has been in lockdown too, so it is difficult for them to access their daily provisions.

Stephen Alexander, freelance TV/film director, said, "I have lost out on a lot of projects due to the lockdown. Being stranded here is aggravating an already very difficult situation. Missed deadlines mean no income. There is no respite from the Embassy or the government." A weak internet connection adds to their work woes.
The Lewis family added that Pakistan nationals have returned home on rescue flights, Indonesians have gone home too, but Indians are stranded.

No response
There are a number of seafarers from Tamil Nadu who are also suffering here. "We read that those in the Gulf were brought back to India. Why not us? We who pay our
taxes to the government," they questioned.

An official from the High Commission of India in Colombo stated, "We have no information with reference to rescue flights. Since we have no inputs, I cannot give you any information," he finished.

45
No. of days the family has been stranded in Sri Lanka

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Former Sri Lanka captain Kumar Sangakkara on Sunday said someone must answer to the questions which are still unanswered in regards to the Sri Lanka Easter bombing last year.

"A year on we all share the pain of the families grieving lives lost, we stand with you and for you. We remember. So many questions still unanswered, but answer them someone must," Sangakkara tweeted as people across the world celebrated Easter on Sunday.

Sri Lanka celebrated a quiet Easter Sunday amid the coronavirus lockdown, while remembering the victims of the terror attacks that killed at least 270 people on the resurrection day last year. People largely stayed indoors and offered prayers from home with the Archbishop of Colombo, Cardinal Malcolm Ranjith, leading an Easter mass from a TV studio because of the pandemic.

The attacks wounded over 500 and deepened communal tensions in Sri Lanka. The bombings, carried out by local Islamist extremists with suspected foreign ties, was claimed by the Islamic State. Police said that they have killed or arrested all suspects in various counter-terror operations carried out in the days after the mayhem.

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Sri Lanka signed its first ever comprehensive free trade agreement on January 23, with Singapore.

Sri Lanka's Ministry of Health launched a dengue eradication programme to control the number of dengue cases that rose to over 18,000 with 24 people reported dead.

Dengue has killed about 41 people and over 36,000 have been infected by dengue across Sri Lanka, report health authorities. So far in August, 1,075

Experts identify key steps to strengthen knowledge on climate change and other water-related challenges 

Chronic kidney disease (CKD) affects approximately 10% of the global population, and leads to five to ten million deaths annually. Growing in importance is a distinctive form with unknown/uncertain etiology (CKDu), the cause of which remains unknown and is not linked to factors normally associated with CKD.

With Earth Day marked on April 22, we look to nature’s solutions to climate change and other challenges. Wetland preservation is vital for our environmental, food and societal futures.

How farmers have taken charge of their destiny by using motor pumps for irrigation.

Farmers in Sri Lanka are positioned to benefit from a new policy that recognizes waste from septic tanks as an untapped resource. 

With Earth Day marked on April 22, we look to nature’s solutions to climate change and other challenges. Wetland preservation is vital for our environmental, food and societal futures.

Blindness Might be as well be termed as an epidemic in Sri Lanka as Nearly 1 million people suffer from it and cataract could be the reason behind it.

The Gross Domestic Product per capita in Sri Lanka was last recorded at 3936.50 US dollars in 2018. The GDP per Capita in Sri Lanka is equivalent to 31 percent of the world's average. GDP per capita in Sri Lanka averaged 1562.82 USD from 1961 until 2018, reaching an all time high of 3936.50 USD in 2018 and a record low of 585.90 USD in 1961. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Sri Lanka GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ASPI decreased 1537 points or 25.16% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Sri Lanka. Historically, the Sri Lanka Stock Market (CSE All Share) reached an all time high of 7863.74 in February of 2011. The Colombo All-Share Index is a major stock market index which tracks the performance of all companies listed on the Colombo Stock Exchange in Sri Lanka. It is a capitalization weighted index. The Colombo All-Share Index has a base value of 100 as of 1985. .

Living Wage Individual in Sri Lanka remained unchanged at 29100 LKR/Month in 2018 from 29100 LKR/Month in 2018. WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey.

The Gross Domestic Product per capita in Sri Lanka was last recorded at 11955.50 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Sri Lanka, when adjusted by Purchasing Power Parity is equivalent to 67 percent of the world's average. GDP per capita PPP in Sri Lanka averaged 7014.62 USD from 1990 until 2018, reaching an all time high of 11955.50 USD in 2018 and a record low of 3613.20 USD in 1990. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides the latest reported value for - Sri Lanka GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Sri Lanka scored 57.11 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Sri Lanka averaged 16.21 Points from 2007 until 2019, reaching an all time high of 57.11 Points in 2019 and a record low of 3.84 Points in 2007. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Sri Lanka Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Sri Lanka is the 84 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Sri Lanka averaged 72.69 from 2007 until 2019, reaching an all time high of 85 in 2018 and a record low of 52 in 2012. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. This page provides the latest reported value for - Sri Lanka Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gold Reserves in Sri Lanka decreased to 19.66 Tonnes in the fourth quarter of 2019 from 19.89 Tonnes in the third quarter of 2019. Gold Reserves in Sri Lanka averaged 12.61 Tonnes from 2000 until 2019, reaching an all time high of 23.10 Tonnes in the third quarter of 2014 and a record low of 3.63 Tonnes in the third quarter of 2012. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Sri Lanka Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Sri Lanka is ranked 99 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Sri Lanka improved to 99 in 2019 from 100 in 2018. Ease of Doing Business in Sri Lanka averaged 99.92 from 2008 until 2019, reaching an all time high of 113 in 2014 and a record low of 83 in 2012. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Sri Lanka.

Wages in Sri Lanka decreased to 1135 LKR/Day in February from 1147.20 LKR/Day in January of 2018. Wages in Sri Lanka averaged 1101.91 LKR/Day from 1997 until 2018, reaching an all time high of 7556.25 LKR/Day in December of 2007 and a record low of 427 LKR/Day in January of 2008. Wages is Sri Lanka refer to Monthly Average of Daily Wages in informal sector. This page provides - Sri Lanka Wage Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Social Security Rate in Sri Lanka stands at 20 percent. Social Security Rate in Sri Lanka averaged 22.38 percent from 2004 until 2019, reaching an all time high of 25 percent in 2015 and a record low of 20 percent in 2016. In Sri Lanka, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Sri Lanka because they help to pay for many social programs including welfare, health care and many other benefits. This page provides the latest reported value for - Sri Lanka Social Security Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Social Security Rate For Companies in Sri Lanka stands at 12 percent. Social Security Rate For Companies in Sri Lanka averaged 14.38 percent from 2004 until 2019, reaching an all time high of 17 percent in 2015 and a record low of 12 percent in 2016. In Sri Lanka, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Sri Lanka because they help to pay for many social programs including welfare, health care and many other benefits. This page provides the latest reported value for - Sri Lanka Social Security Rate For Companies - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Social Security Rate For Employees in Sri Lanka stands at 8 percent. In Sri Lanka, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Sri Lanka because they help to pay for many social programs including welfare, health care and many other benefits. This page provides the latest reported value for - Sri Lanka Social Security Rate For Employees - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Terrorism Index in Sri Lanka decreased to 3.57 in 2018 from 4.05 in 2017. Terrorism Index in Sri Lanka averaged 5.18 from 2002 until 2018, reaching an all time high of 7.13 in 2006 and a record low of 2.91 in 2016. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

Wages Low Skilled in Sri Lanka decreased to 21500 LKR/Month in 2018 from 23500 LKR/Month in 2017. Wages Low Skilled in Sri Lanka averaged 22450 LKR/Month from 2015 until 2018, reaching an all time high of 23500 LKR/Month in 2017 and a record low of 21500 LKR/Month in 2018. This page provides - Sri Lanka Wages Low Skilled- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages High Skilled in Sri Lanka decreased to 57500 LKR/Month in 2018 from 60800 LKR/Month in 2017. Wages High Skilled in Sri Lanka averaged 56200 LKR/Month from 2015 until 2018, reaching an all time high of 60800 LKR/Month in 2017 and a record low of 52900 LKR/Month in 2015. High Skilled Wages refer to highest estimate of wage of workers doing high-skilled jobs, calculated from sample of wages collected by WageIndicator surveys.

Living Wage Family in Sri Lanka remained unchanged at 52100 LKR/Month in 2018 from 52100 LKR/Month in 2018. WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.

External Debt in Sri Lanka decreased to 55157.27 USD Million in the third quarter of 2019 from 55469.49 USD Million in the second quarter of 2019. External Debt in Sri Lanka averaged 46212.13 USD Million from 2012 until 2019, reaching an all time high of 55469.49 USD Million in the second quarter of 2019 and a record low of 37098.10 USD Million in the fourth quarter of 2012. In Sri Lanka, external debt is a part of the total debt that is owed to creditors outside the country. This page provides - Sri Lanka External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Housing Index in Sri Lanka increased to 837.90 points in the second quarter of 2019 from 827.80 points in the first quarter of 2019. Housing Index in Sri Lanka averaged 400.31 points from 1993 until 2019, reaching an all time high of 837.90 points in the second quarter of 2019 and a record low of 123.90 points in the first quarter of 1993. In Sri Lanka, Housing Index is measured by the index of housing construction costs. This page provides - Sri Lanka Housing Approvals - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Building Permits in Sri Lanka decreased to 2491 in the second quarter of 2019 from 2685 in the first quarter of 2019. Building Permits in Sri Lanka averaged 2866.83 from 1996 until 2019, reaching an all time high of 4505 in the second quarter of 2006 and a record low of 1638 in the second quarter of 2009. This page provides - Sri Lanka Housing Approvals- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Sri Lanka scored 38 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Sri Lanka averaged 35.06 Points from 2002 until 2019, reaching an all time high of 40 Points in 2012 and a record low of 31 Points in 2006. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Sri Lanka Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Sri Lanka is the 93 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Sri Lanka averaged 84.06 from 2002 until 2019, reaching an all time high of 97 in 2009 and a record low of 52 in 2002. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Sri Lanka Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Export Prices in Sri Lanka increased to 154.81 points in November from 150.12 points in October of 2019. Export Prices in Sri Lanka averaged 95.40 points from 1997 until 2019, reaching an all time high of 169.40 points in February of 2019 and a record low of 42.89 points in March of 1997. In Sri Lanka, Export Prices correspond to the rate of change in the prices of goods and services sold by residents of that country to foreign buyers. Export Prices are heavily affected by exchange rates. This page provides - Sri Lanka Export Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Import Prices in Sri Lanka increased to 148.14 points in November from 135.64 points in October of 2019. Import Prices in Sri Lanka averaged 90.38 points from 1997 until 2019, reaching an all time high of 159.30 points in November of 2012 and a record low of 33.69 points in May of 1998. In Sri Lanka, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates. This page provides - Sri Lanka Import Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Terms of Trade in Sri Lanka decreased to 104.50 points in November from 110.68 points in October of 2019. Terms of Trade in Sri Lanka averaged 109.11 points from 1997 until 2019, reaching an all time high of 161.24 points in May of 1998 and a record low of 74.50 points in March of 2012. In Sri Lanka, Terms of Trade (ToT) correspond to the ratio of Price of exportable goods to the Price of importable goods. This page provides - Sri Lanka Terms of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Sri Lanka stands at 28 percent. Corporate Tax Rate in Sri Lanka averaged 31.95 percent from 1997 until 2018, reaching an all time high of 42 percent in 2002 and a record low of 15 percent in 2016. In Sri Lanka, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Sri Lanka. This page provides - Sri Lanka Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Sales Tax Rate in Sri Lanka stands at 8 percent. Sales Tax Rate in Sri Lanka averaged 12.33 percent from 2006 until 2020, reaching an all time high of 15 percent in 2007 and a record low of 8 percent in 2019. In Sri Lanka, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Sri Lanka. This page provides - Sri Lanka Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Sri Lanka stands at 24 percent. Personal Income Tax Rate in Sri Lanka averaged 26.81 percent from 2004 until 2019, reaching an all time high of 35 percent in 2007 and a record low of 15 percent in 2016. In Sri Lanka, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Sri Lanka. This page provides - Sri Lanka Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Debt in Sri Lanka increased to 12874786 LKR Million in the third quarter of 2019 from 12599843 LKR Million in the second quarter of 2019. Government Debt in Sri Lanka averaged 5830779.27 LKR Million from 1990 until 2019, reaching an all time high of 12874786 LKR Million in the third quarter of 2019 and a record low of 310779 LKR Million in the fourth quarter of 1990. This page provides - Sri Lanka Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.