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It is comprehensively “growth” oriented.    What were the factors that resulted in the 2021 Budget?  The country has been experiencing slow and low growth since 2015, which by 2019 was only 2.3% vis-à-vis 5% in 2014. Contractors and suppliers who had supplied a good or a service to the Government had not been paid their dues, which by the end of 2019 was almost Rs. 250 billion. NPL in the banks had increased to almost 5% from the lows of 1-2 % with almost 25% of those in the NPL constituted by SMEs. The electricity sector that requires at least 200 MW to be added annually did not see ...

Construction continues on the Hyatt Place hotel across the street from City Hall last week. The hotel is going to opening early next Fall, after the vaccine has had time to distribute and hopefully tourism will be back to normal. (Photo by Jerilee Bennett, The Gazette) JERILEE BENNETT, The Gazette JERILEE BENNETT JERILEE BENNETT

Sri Lankan president calls on companies to exploit pandemic for cost-cutting Addressing the Sri Lanka Economic Summit early this month, President Gotabhaya Rajapakse called on big business to take advantage of the “beneficial consequences” of the coronavirus pandemic. The virtual event was organised by the Ceylon Chamber of Commerce, the country’s premier business lobby. Sri Lankan President Gotabaya Rajapakse, attends an event to mark the anniversary of country’s independence from British colonial rule [Credit: AP Photo/Eranga Jayawardena] India’s Minister of Finance & Corporate Af...

Mulvaney came into the white house briefing room to break to the nation the fact that the trump doral golf resort turns out to be, in his estimation, organically just sitting there, the best possible place to have a g7 summit of world leaders. that was provision number one. there's no better place that we can find. number two was the president will not profit from said g7. you happen to disagree with mulvaney on both counts. why? >> i woke up this morning to calls from former administration officials and hotel developers that said, i can't listen to this for one more minute. for mick mulvaney ...

This. >> before setting himself on fire on ukraine yesterday, mick mulvaney came into the white house briefing room to break to the nation that the trump doral golf resort turns out to be, in his estimation, organically, just sitting there, the best possible place to have a g-7 summit of world leaders. that was provision number one. there's no better place that we can find. number two was, the president will not profit from said g-7. you happen to disagree with mulvaney on both counts. why? >> i woke up this morning to calls from former administration officials and hotel developers that said, ...