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Dedicated to the memory of Gerard Nihal Lionel Pancratius 1951-2020 – by Patrick Ranasinghe

Carmel Road Main Road   Nihal Pancratius         Nihal Joseph Pancratius, was a leading light among the Tamil diaspora in the United Kingdom. He was a Tamil pop musician, a composer and a performer. An artiste par excellence in the music field, he was yet a very humble Old Boy of St.Patricks College Jaffna where he received […]


Sri Lanka rupee remains at 364 in TT dollar, interbank rupee at 359.37

ECONOMYNEXT – Sri Lanka’s commercial banks quoted the rupee at 364 against telegraphic transfers on Tuesday (24) while the central bank interbank spot trade was at 359.37 under a daily guidance rate plus or minus 3.00 rupees. On Tuesday, the central bank had increased the daily guidance margin to 3.00 rupees from the initial 2.50 […]


Sri Lanka relaxes bank capital rules to cushion bond losses as rates spike

ECONOMYNEXT – Sri Lanka has allowed banks to use up to 2.5 percent of their capital required under Basle convention to absorb losses as bond yields corrected sharply upwards after two years of money printing triggered the worst currency crisis in its history. Sri Lanka banks with large government trading portfolios in government bonds face […]


The French take over Sri Lanka! – by Jayantha  Pathikirikorale

In this video, the French are taking over Sri Lanka! We were invited to document the French athletes of Raid Amazones 2022 exploring Sri Lanka whilst participating in a series of activities that took place in Sigirya between March & April 2022. I’m in tears after seeing the rural areas of our beautiful country Jayantha […]


Gas shortages in Sri Lanka lead to innovative use of computer cooling fans for cooking

ECONOMYNEXT –As Sri Lanka’s economy free-falls and thousands wait in queues for increasingly scarce cooking gas, enterprising Sri Lankans have found an innovative shortcut to make wood-fire cooking easier: by using a computer cooling fan to fan the flame. Shanaka Perera, a 48-year-old entrepreneur who was fed up with waiting in line for gas cylinder, […]


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