Intelligence on the political economy
Joined April 2026
- Tweets273
- Following132
- Followers106
- Likes0
The Colombo branch of the Bank of China has been authorized to clear Renminbi transactions between the two countries, #SriLanka's Finance Ministry said. monetabrief.com/news/bank-of…
#SriLanka Ports Authority will seek new investors for a logistics hub after a planned project with private investors was terminated, President Anura Kumara Dissanayake said.
"All that has been now cleared up," President Dissanayake said. "I think it is a very good location. We hope to tender is quickly. Then we have the ability to attract a very good investor for a logistics hub." monetabrief.com/news/sri-lan…
Street protests in France which included students, have turned into riots with torched buildings and looting, recalling the Aragalaya in Sri Lanka after the worst currency collapse engineered by the central bank in its history. monetabrief.com/news/france-…
#SriLanka's National System Operator has asked rooftop solar owners to switch off their systems to help restore the grid, after a nation-wide cascading failure during a very sunny Saturday. monetabrief.com/news/sri-lan…
#SriLanka's power grid was hit by a #cascadingfailure that has blacked out the country, power utility sources said.
The exact cause has not yet been established, a top official said.
Power failed around mid-day with bright sun, especially in the Western province which has a high concentration of solar power.
SriLanka's last nation wide cascading failure took place animal animal strike on a Sunny day. monetabrief.com/news/sri-lan…
Any unlicensed online casinos whether they are in the Port City or outside are illegal unless they get a license from the newly set up Gambling Regulatory Authority, officials said as criminal gaming syndicates builds up #SriLanka as the next alternatives to Cambodia and the Philippines.
monetabrief.com/news/offshor…
Criminal casinos targeting mainly East Asian nations where gambling is illegal which were ejected from Philippines and Cambodia have shifted to Sri Lanka and a number are operating out of Port City BPOs.
"So the gambling regulatory authorities are in the process of finalizing the regulations, but still, as per the Act, because Section 18 specifically requires anyone to offer online gambling to take a separate license for that. So it's illegal." - #SriLanka's anti-ML chief and Gambling Regulatory Authority Board Member
MONETABRIEF – The Colombo High Court released former #SriLanka first lady Shiranthi Rajapaksa on bail but impounded her passport pending the conclusion of a corruption trial against her.
The court accepted as an exceptional circumstance a medical recommendation for urgent bypass surgery, after doctors found that her left artery was 80 to 90 per cent blocked. monetabrief.com/news/foreign…
The Colombo Fort magistrate ordered the eviction of some 55 monks laying siege to #SriLanka's Presidential Secretariat to demand a pardon for their convicted colleague, Ven. Galagodaatte Gnanasara. monetabrief.com/news/sri-lan…
Several projects which were said to be investing in #SriLanka's Colombo Port City, involving a hospital, an educational institute a mixed development and casino are among those that have dropped out, a parliamentary panel has been told. monetabrief.com/news/asiri-h…
Land plots which have been sold to investors have different prices but the average is around 3,000 dollar a square metre, Amarasekera, Chairman of #SriLanka's Colombo Port City Economic Commission told the parliament's Committee on Public Finance. monetabrief.com/news/sri-lan…
In September #SriLanka Customs had collected 258.3 billion rupees in taxes, the highest for a single month, up from 219.5 billion in August. monetabrief.com/news/sri-lan…
Colombo Fort Magistrate Pasan Amarasena on Wednesday issued a fresh arrest warrant and directed #SriLanka's Criminal Investigation Department (CID) to seek assistance from the France-based Interpol to obtain a Red Notice against him. monetabrief.com/news/sri-lan…
The cost of building a breakwater in #SriLanka's Colombo Port to protect the planned West Terminal 2 has gone up to 1.4 billion US dollars from the previous 1.2 billion, President Anura Kumara Dissanayake has said. monetabrief.com/news/sri-lan…
"We request that bail be granted by treating this as an exceptional circumstance," Anil Silva said in open court.
"In 2019, it was stated that three of her blood vessels were blocked. This is not a lie."
The magistrate cautioned Silva to lower his tone. “Your voice is too loud. I can’t take notes,” the magistrate said.
In almost a whisper, Silva told the magistrate that he was “correcting” his earlier claim of “open-heart” surgery.
"I am now receiving instructions that it is not being performed at present, but is scheduled to be performed," Silva told the magistrate. #srilanka monetabrief.com/news/sri-lan…
A contract to supply 420,000 metric tonnes of liquefied petroleum gas to #SriLanka for the next 12 months had been awarded to OQ Trading, Cabinet Spokesman Minister Nalinda Jayatisssa said.
OQ Trading had been a long time supplier of Middle Eastern LPG to Sri Lanka.
The firm has won the contract as the lowest priced bidder offering a price of 133.93 dollars per tonne above the Saudi Aramco contract price.
monetabrief.com/news/oq-trad…
"We decided to set up a company to manage the ECT and sell shares to private investors while keeping the ownership with the government," President Dissanayake told the #SriLanka Economic and Investment Summit organized by the Ceylon Chamber of Commerce. monetabrief.com/news/sri-lan…
MONETABRIEF – #SriLanka's gold-backed and personal loans have surged in in the second quarter of 2026, driving up consumption loans by 29 percent over the previous year, against an 11 percent growth in 2025, a central bank report said.
Gold-backed loans, typically called pawning in Sri Lanka grew by 49.2 percent and personal loans 21.3 percent. monetabrief.com/news/sri-lan…
