Beyond Cryptocurrency – A Blockchain-Led Intervention For Sri Lankan Economy
Daily Mirror - Sri Lanka|September 01, 2021
In July this year, Bloomberg reported Sri Lanka as the national economy most at risk for defaulting sovereign debts in the Asia-Pacific region, with a 28 percent likelihood based on its debt default probability scale.
Dilshan Senaratne
Beyond Cryptocurrency – A Blockchain-Led Intervention For Sri Lankan Economy

Since then, we have succeeded in clearing the US $ 1 billion bond pay-out to investors but the economic condition isn’t showing signs of marked improvement in the near term.

Whichever side of the political spectrum you may be on, it’s prudent to first recognise the precarious position we have put ourselves in as a sovereign economy, with a large foreign debt hemorrhaging the foreign reserves of the country.

To consider the technology industry as a catalyst for economic growth in Sri Lanka is hardly new territory. As per SLASSCOM, in 2019, the broader Sri Lankan technology (ICT-BPM) industry generated US $ 1.5 billion in revenue at a 13 percent CAGR (2013-2019). The generated revenue positions the industry as the fourth largest exporter in the local economy, with a 29 percent contribution towards total service exports.

As impressive as the technology growth story has been in Sri Lanka, the timely figure that should be considered with urgent priority is the 12 percent contribution the industry makes to the country’s service-related foreign currency inflow. To present things a different way, the industry’s potential to generate foreign income should be assessed in careful detail as a companion to our hopes of an invigorated tourism sector.

Emerging blockchain opportunity

The flourishing technology industry of Sri Lanka is by all accounts an impressive one. Considering the intrinsically dynamic and trailblazing nature of the global technology market that Sri Lanka services, one could rest assured that potential for growth is emphatically being leveraged.

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DAILY MIRROR - SRI LANKA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
I Request UNPers To Vote At This Election And Save The Country And The Party
Daily Mirror - Sri Lanka

I Request UNPers To Vote At This Election And Save The Country And The Party

Wrong doers are being turned innocent by manipulating the law under this regime

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July 28, 2020
Ecuador Declares Emergency In Prisons -116 Inmates Killed
Daily Mirror - Sri Lanka

Ecuador Declares Emergency In Prisons -116 Inmates Killed

Ecuador President Guillermo Lasso imposed a state of emergency on the prison system, after deadly clashes among gang members in a coastal prison killed at least 116 people.

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1 min  |
October 01, 2021
Implications Of Covid-19 On Pregnant Mothers
Daily Mirror - Sri Lanka

Implications Of Covid-19 On Pregnant Mothers

The daily surge in Covid-19 figures presents pregnant women and their families with additional uncertainty.

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3 dak  |
October 01, 2021
Sri Lanka And Bangladesh Meet In Saff Curtain Raiser Today
Daily Mirror - Sri Lanka

Sri Lanka And Bangladesh Meet In Saff Curtain Raiser Today

Sri Lanka and Bangladesh will clash in the curtain raiser match of the SAFF Football Tournament at the Maldives National Stadium in Male, today.

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1 min  |
October 01, 2021
The Taliban And The UN's Democracy Dilemma
Daily Mirror - Sri Lanka

The Taliban And The UN's Democracy Dilemma

The United Nations is often derided as a talk shop.

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5 dak  |
October 01, 2021
How to restore loss of smell, taste after COVID-19
Daily Mirror - Sri Lanka

How to restore loss of smell, taste after COVID-19

As the COVID-19 pandemic spread around the world anosmia and dysgeusia were quickly recognised as two of the key presenting symptoms.

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4 dak  |
October 01, 2021
JAFFNA STALLIONS OWNERSHIP GROUP HIT BACK AFTER REMOVAL
Daily Mirror - Sri Lanka

JAFFNA STALLIONS OWNERSHIP GROUP HIT BACK AFTER REMOVAL

Say they signed a term sheet to continue as Jaffna franchise owners | Refute reasons given by IPG for ineligibility

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2 dak  |
September 30, 2021
German parties proceed to first coalition talks after polls
Daily Mirror - Sri Lanka

German parties proceed to first coalition talks after polls

BERLIN (DPA), 29 SEPT, 2021 - The parties hoping to be part of Germany’s first government in 16 years without Angela Merkel as chancellor have taken their first steps towards coalition talks, with the country’s political future still in the balance.

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1 min  |
September 30, 2021
Russia threatens YouTube ban after German RT outlet blocked
Daily Mirror - Sri Lanka

Russia threatens YouTube ban after German RT outlet blocked

MOSCOW (DPA), 29 SEPT, 2021 - Moscow threatened on Wednesday to block the YouTube video platform after the internet media firm removed the German-language channels of Russia’s RT state media outlet.

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Sri Lankan Footballers out to end 26-year long wait
Daily Mirror - Sri Lanka

Sri Lankan Footballers out to end 26-year long wait

Sri Lanka will look to end a 26-year-old hoodoo when they compete in the South Asian Football Federation (SAFF) Championship in the Maldives from October 1 to 16.

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September 30, 2021