Nearly 1 Million Credit Cards In Sri Lanka

All Credit, No Beef


Via the Daily FT, there are about 952,256 credit cards in Sri Lanka as of 2012. Sri Lankans owe about Rs. 44.44 billion (about $350 million USD), which I guess is a good thing. It seems like the credit card numbers have fluctuated, dropping and then rising again. There were 90,000 cards issued in 2012. On one level credit card debt is a horrible and evil thing, but credit cards do enable ecommerce and a lot of higher level transactions. On the whole I think it’s a good thing.

RSS feed | Trackback URI

7 Comments »

2013-03-07 09:45:21

RT @indica: Nearly 1 Million Credit Cards In Sri Lanka: Via the Daily FT, there are about 952,256 credit cards in Sri Lanka… http://t

 
2013-03-07 09:46:34

RT @indica: Nearly 1 Million Credit Cards In Sri Lanka: Via the Daily FT, there are about 952,256 credit cards in Sri Lanka… http://t

 
2013-03-07 09:51:15

RT @indica: Nearly 1 Million Credit Cards In Sri Lanka: Via the Daily FT, there are about 952,256 credit cards in Sri Lanka… http://t

 
2013-03-07 09:51:59

RT @indica: Nearly 1 Million Credit Cards In Sri Lanka: Via the Daily FT, there are about 952,256 credit cards in Sri Lanka… http://t

 
2013-03-07 09:51:59

RT @indica: Nearly 1 Million Credit Cards In Sri Lanka: Via the Daily FT, there are about 952,256 credit cards in Sri Lanka… http://t

 
2013-03-07 10:52:19

No. of persons > No. of businesses = net loss to the human race

one must always take the higher road of poverty

 
2013-03-07 10:53:57

credit cards being causing a net loss to the human race i mean.

 
Name (required)
E-mail (required - never shown publicly)
URI
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.

email indi AT indi.ca.


Recent Comments


How The BBS Attacks (A Tale Of Two Cities) (6)

Jack Point: The BBS is tapping into resentments that are buried deep in the subconscious. What they do it to tap in to them, nurture them and magnify them. Exactly what 969 is doing. Exactly what the Nazi’s did. http://jestfork icks.blogsp...

shammi: But you do agree that not arresting G.A. Gnanasara and any other lawbreakers from both sides will only serve to deepen this mistrust? If you don’t, you must be living in said land.

Liberal One: I was talking about the distrust between Sinhalese and Muslims. If you think distrust between these two communities didn’t exist before Gnanasara thero entered the scene you must be living in the la la land of the Colombians.

Damian Poosa (2000-2014) (1)

greene: innalillahi wa inna ilaihi raajioon.

Buddhism And Racism (2)

Johan: Temples tend to be quite skilled at fund raising for building projects within temple premises; perhaps they could mobilise those skills to raise funds to rebuild the damage wrought in Aluthgama and Beruwela. If you go to a particular...

Nandasiri Wanninayaka: Nice to see you are blogging again.

What A Colombo Revolution Might Look Like (Thailand) (6)

Shirley Silva: Good analysis but you failed to mention that unlike in Bangkok a good shower would send the UNPs scuttling home. Above all there is a big leadership vacuum. No charismatic leader like in Thailand

sharanga: Good constructive criticism.

sharanga: >the electorate is too ill-informed to decide This is almost always true in any country. It’s one of the greatest faults of democracy. The electorate is ill-informed and as public choice theorists put it, systematica...

Anti Christian Christmas (2)

Jack Point: I found this video very disturbing. https://www.you tube.com/watch? v=EUHCQyxK3ps&a mp;feature=yout u.be http://dbsjeyar aj.com/dbsj/arc hives/27450

Damian Poosa (2000-2014)

Our family cat Damian passed away last night. He was an American cat and it was fitting that he passed on the Fourth Of July. Damian was an ornery cat made happy by the love and care of my sister and parents. I brought him home on the day of my high school graduation (a stunningly thoughtless thing, in hindsight) and my sister and mother actually raised him. He then travelled back to Sri Lanka and had a great time till he got old.

How The BBS Attacks (A Tale Of Two Cities)

This seems to be the basic BBS gameplan (for fucking up everything we’ve worked so hard to build after the war). It’s a cycle of outrage, riot, fear, repeat. It’s like the eightfold path to not being a Buddhist:

Buddhism And Racism

Buddhism is not racist. The ideas and practice of Buddhism involve meditation, perception of impermanence and ultimately what we would call a renunciation of self. Being a Buddhist, however, is not just that. Being a Buddhist fundamentally involves taking refuge in three things – the Buddha, the Dhamma (his teachings) and the Sangha (the community of practice). As a Buddhist, this is why the violence in Aluthgama is so troubling. Becomes it comes cloaked in the colors of the Sangha. The main racists and instigators of mob violence are monks.

The Tragedy In Aluthgama

I haven’t written here in a while because, well, I guess I haven’t had much to say. I’m been writing about food and leisure at YAMU but, well, somethings gotten in the way of that now. In a way we could sense it because of the constant halal debate on YAMU, which is mainly a food site. That food issue in many ways has become a touchstone for the Muslim/Buddhist tensions rising in this country. Yesterday those tensions seemed to explode in Aluthgama and Beruwela on the Western coast. The racist BBS staged a rally there and then paraded thru the streets. This exploded into violence, attacks on businesses and homes.