Economy

Love Lost

Rising inflation and falling reserves is likely to put an end to Sri Lankas eight month long honeymoon with low interest rates.The Central Bank hinted that it …

Drying Up

Aid flows fell sharply in the first five months as the government lost donor support due to policy about-turns. Gross inflows in the first five months amounted …

Turning 50

Sri Lanka and the World Bank sealed half-a-century of cooperation on Friday by inking another large-scale development aid package.Sri Lanka joined the World …

Second Warning

Continuing its campaign against pyramid schemes, Central Bank is again warning the public that persons who buy a product, not for its own sake but expecting …

Bomb in Colombo

The Colombo stockmarket reacted negatively to the Wednesday morning suicide bomb explosion that has so far left four dead and fifteen others in hospital,. The …

Colombo Rocks

The bomber was escorted to a police station opposite the US and British diplomatic missions after security guards prevented her from entering a ministry in the …

Going Anti

The ADB on Monday formally established a trust fund to step-up assistance to developing member countries in fighting money laundering and the financing of …

Thinking of U

A new government sponsored agency under the Presidents control and headed by a top bureaucrat has been put in charge of policy formulation and implementation. …

Govt. Inc.

The government is going to expand its role in the economy with more spending on infrastructure and subsidies.Unveiling the governments economic policy the …

Head Banker

President Chandrika Kumaratunga today appointed retired Hayleys Chairman, Sunil Mendis as the Governor of the Central Bank for a six year term, replacing A S …

Driving Hard

Sri Lankas slow moving infrastructure projects are lined up for fast forward implementation through a new central coordinating body, says the Treasury …

Going Blue

Sri Lanka may have missed the bus with the green revolution, but the blue can work in the islands favour, say local scientists. With hungry mouths increasing …

Hideaway

Sri Lankas government admitted Thursday that somernmilitary personnel supported and possibly sheltered a renegade rebel leaderrndespite Tamil Tiger warnings …

Hard Landing

Sri Lankas economic growth is expected to have fallen sharply in the first quarter of 2004 from the previous three months, as the services sector suffered from …

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