Sri Lanka’s Growth in 2013: Forecasts Aplenty President Mahinda Rajapakse (Minister of Finance) and Nivard Cabraal Central Bank Governor at the launch of the 2012 Annual Report of the CBSL (Photo courtesy Yahoo News, Dinuka Liyanawatte/REUTERS) Yesterday, the Central Bank of Sri Lanka (CBSL) released it’s 2012 Annual Report, revealing that the economy grew by 6.4% last year. Last year was not an easy year for the ...

BreadTalk and New Monis: Dynamics of Competition and Pricing The dynamics of competition always interests me, and it’s easy to see it everywhere we go. Last week, BreadTalk, the Singaporean bakery chain that has taken Colombo by storm, opened its newest outlet on Thimbirigasyaya Road (Havelock Town). This is interesting, because unlike its other branches on Union Place and Park Street Mews, because it is locating slap-bang in the ...

India-Sri Lanka Economic Partnership: from ‘Comprehensive’ to ‘Special’? The recent Joint Statement by the Indian and Sri Lankan governments following the recent meeting between their two foreign ministers I found to be quite curious, especially in the section referring to economic partnership between the two countries. As many are familiar with already, Sri Lanka and India have been struggling to complete negotiations on a proposed ‘Comprehensive Economic ...

A Curious New Cabinet A quick thought on today’s reshuffle of Sri Lanka’s Cabinet of Ministers. Although most people thought that following the comprehensive victory by both the President and the UPFA in the last set of elections, the strong 2/3rds majority in Parliament will mean that the government will be strong and stable and can, for once, avoid having to pander and ...

Unpacking Tourist Arrival Numbers: Is Maldives vs Sri Lanka a Fair Comparison? Sri Lanka welcomed its 950000th tourist arrival for 2012. Image courtesy http://www.sundayobserver.lk Two days ago Sri Lanka welcomed its 950,000th tourist for the year 2012, a Polish graphic designer. According to tourism officials, this means the country met the annual target set for 2012. These officials have also been quick to draw a comparison between the Maldives and Sri Lanka. ...

26 Economists You Should Be Following on Twitter Paul Krugman, Nouriel Roubini, Kaushik Basu, and Justin Wolfers are just some of the top-notch economists that The Huff Post has just recommended as “26 Economists You Should Be Following on Twitter”. The Huff Post says, Twitter can be a wonderful place to unearth economic news and analysis. The only problem is knowing who to follow. But fear no longer, ...

If I ever receive exceptional customer service at a Sri Lankan establishment, I am surprised, almost shocked. I’ve become quite accustomed to mediocre service at best, with little attention to detail and sometimes with a smile. So when a waiter is actually good and doing his/her job, it feels almost ‘unusual’. But that’s not how it should be. Expanding Sri ...

Nine Things from Nine Experts on the Sri Lankan Economy The 2012 Annual Sessions of Sri Lanka’s top body of economists, the Sri Lanka Economic Association, was held over the weekend on the theme ‘Export Growth for Sustained Development’. It isn’t easy to capture all of the rich discussion, but here are nine interesting facts that The Curionomist picked out for you, from presentations and speakers of the experts ...

Predicting Election Outcomes and Sports Games: Any Different? In an interesting and enlightening new book on the interaction between statistics, predictions, data and human behaviour, Nate Silver (of the New York Times) asks the question “Why is baseball easier to predict than presidential elections?”. It’s just one case study among many that he looks at to try and understand whether humans have got better at predicting outcomes ...

Economics of the Girl Child and a Sickening Statistic Today marks the first ever International Day of the Girl, being celebrated the world over as well as here in Sri Lanka. Sri Lanka has made impressive achievements, over its peers in the developing world, in ensuring greater gender equity in development. With a track record of strong social sector investments, Sri Lanka’s performance on the Gender Inequality Index (GII) of ...

Lavazza over Hansa: Curious Kink in Consumer Preference? Over the weekend, The Curionomist dropped by at the Hansa Coffee store and cafe on Fife Road for a quick cuppa but ended up having an interesting chat with the proprietor on the difficulties Hansa faces in getting people to choose local coffee over imported ones. But firstly, lets set out biases – I love Hansa coffee (and cannot understand ...

Northern Province Growth and the “Base Effect”: Was Minister Amunugama Correct? The Curionomist was at the launch of the 2nd National Human Development Report (NHDR) 2012 of the UNDP, and the Chief Guest at the occasion  Dr. Sarath Amunugama (Senior Minister for Int’l Monetary Cooperation) was unusually dismissive about such a report. He remarked that there are many reports that have come out by many entities and they must be looked at carefully and ...

The Curionomist started blogging on economic issues via PopularEconomix (http://populareconomix.wordpress.com/) way back in 2006. Since then the blog withered away. Back with a curious eye on everyday economic stuff, The Curionomist blog is hereby launched! Thank you for visiting, and stay curious!

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