FUEL ON THE FLAME Shiran Fernando examines the ramifications of Sri Lanka’s narrowing trade deficit Reproduced from the April 2023 edition of LMD. The trade deficit narrowed last year, falling to its lowest level since 2010; this was driven by higher exports and lower imports. The reduced deficit, as well as performance of exports and imports, needs to be understood to determine if this trend will continue and impact our currency. MERCHANDISE Exports crossed the US$ 13 billion mark for the first time. Despite the impact of the economic crisis, which saw shortages of fuel and essential items, the private…
Author: LMD International
The continuous migration of Sri Lankans has been a rising issue, which the island nation has been facing for a very long time
ENTREPRENEURIAL SPIRIT Entrepreneurship is a vital component of Sri Lanka’s economy that must be nurtured to ensure continued development – Dr. Janaki Kuruppu Q: How would you assess the entrepreneurial spirit of Sri Lankans? A: Based on my experience in nurturing entrepreneurs, I find Sri Lankans’ entrepreneurial spirit to be limited – especially in rural areas. This could be because of the risk aversion genes that we must have, as well as a lack of exposure to entrepreneurship in their families. The comfort offered by a ‘permanent job’ in the public sector could be the furthest one can get from…
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