Our Debt to China

“The available statistics appear to show that, whether the phenomena are connected or not, the rise of prices has nearly been proportional to the increase of currency”[1] J M Keynes on Indian Inflation “Apart from the fluctuations of the seasons the Indian level of prices is most influenced at the present time by the extent ... Read More

Integrity in Credit Rating

At the end of the book titled ‘The Interpretation of Financial Statements’[1] by Benjamin Graham, in a chapter titled ‘Conclusion’ he writes the following; “There are other factors outside of the company that are perhaps equally important in their influence of the value of its securities. The outlook for the industry, general business and security ... Read More

CSE: The Cussed Stock Exchange

The largest and most noticeable failure on a day to day basis on the stock exchange is the lack of trade in corporate debt. This is inexcusable as the infrastructure to trade corporate debt via online retail channels already exists. There is market demand.

Bakamoono.lk at it again

The self-appointed moral police of the world is out and about again. Bakamoono.lk in a recent post has spread the normalization of censorship accompanied by ill-informed activism. They have shamelessly spread clickbait published by the BBC. It is titled Japanese Magazine Apologises Over University ‘Sex Listing’. The title is purposely vague and misleading. I believe ... Read More

Indrajit Failed in 2018

Both growth1 and inflation2 have fallen below the targets set by the Central Bank. GDP growth for the fourth quarter is less than 4% with all previous quarters also being below that figure. Inflation was also below 4%. The public was expecting both figures to at least touch 4% as communicated by the Central Bank. ... Read More

We Don’t Want an Executive President

The executive presidency was established in 1978. Since then there has never been as much hope for its abolishment as there is right now. It however still requires many actors to come together to work towards its abolishment. The 20th amendment as brought to the house by the JVP is agreeable to all stakeholders. It will ... Read More

Election 2019

This article is written in the backdrop of a constitutional coup whose long-term impact on the democratic lives on everyday Sri Lankans could be long standing. It is widely felt amongst civil society that given the media landscape the public might not fully grasp the gravity of the events that are taking place. It also ... Read More

Game Theory

What is Game Theory? Update given the recent lack of clarity of when parliament will be convened this article is invalid. The article was written hoping that both parties would agree on a scenario that helps either victor secure legitimacy both locally and internationally. The lack of a gazette is worrying in this regard. The ... Read More

Lawmakers Who Don’t Understand the Law

Apologies for the rushed manner of this post. It is difficult to play a game with someone who is willing to cheat. We saw this in 2004 when colluding with terrorists was considered a justifiable move by certain parties. It is even more difficult to play a game with players who don’t understand the rules ... Read More

Vehicles for the Rich

This piece serves as a gambit to a relatively unpopular budgetary reform that should be pushed through. In Sri Lanka as in the rest of the world the vehicle is a status symbol. It’s role as a status symbol is however more pronounced in Sri Lanka. High duty, petrol costs, and realizable value in the ... Read More