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Kenyan tea production drops nearly four percent in first quarter 2005
NAIROBI, May 23 (AFP) – Kenya, one of the world’s largest tea exporters, suffered a nearly four percent drop in production in the first quarter of 2005 due to poor weather conditions, the Tea Board of Kenya (TBK) said Monday. In the first three months of the year, tea production fell by 3.79 percent (3,300 […]
Problem Child
Last week’s Development Forum discussed challenges faced by the economy and governments policy to deal with them. Last week’s Development Forum discussed challenges faced by the economy and governments policy to deal with them. Donors were encouraging the government to setup a mechanism to deliver Tsunami aid to Northeastern areas including those controlled by the […]
Sri Lanka started a push for budget support loans while presenting an economic plan to donors at the development forum last week in Kandy
Sri Lanka started a push for budget support loans while presenting an economic plan to donors at the development forum last week in Kandy.Sri Lanka started a push for budget support loans while presenting an economic plan to donors at the development forum last week in Kandy. The push came as the president gave an […]
‘s troubled town
An uneasy calm gripped Sri Lanka’s troubled port city of Trincomalee as Buddhists Monday celebrated a key anniversary amid protests over a Buddha statue in the region, police and residents said.An uneasy calm gripped Sri Lanka’s troubled port city of Trincomalee as Buddhists Monday celebrated a key anniversary amid protests over a Buddha statue in […]
Tamil party suspends strike in Sri Lankan town ahead of Buddhist festival
A Tamil political party on Sunday suspended a strike in the Sri Lankan port city of Trincomalee to protest the erection of a large statue of Buddha.A Tamil political party on Sunday suspended a strike in the Sri Lankan port city of Trincomalee to protest the erection of a large statue of Buddha. The Tamil […]
Sri Lanka rides tsunami to keep economy afloat
International lenders downgraded Sri Lanka’s economic growth forecasts for this year after tsunamis devastated its coastline, but the island is banking on a flood of foreign aid to keep its head above the water. International lenders downgraded Sri Lanka’s economic growth forecasts for this year after tsunamis devastated its coastline, but the island is banking […]
Sailors Bond
Sri Lanka Ports Authority is considering a dollar bond issue this year to fund the initial phase of the proposed Colombo South harbour project.Sri Lanka Ports Authority is considering a dollar bond issue this year to fund the initial phase of the proposed Colombo South harbour project. The port needs to raise over US$ 200 […]
Pitt Stop
Sri Lanka will build a bunkering port in the island’s remote southern tip to service international shipping, the ports and aviation minister said Thursday.Sri Lanka will build a bunkering port in the island’s remote southern tip to service international shipping, the ports and aviation minister said Thursday. Minister Mangala Samaraweera said the government was determined […]
Limited Mobility
Sri Lanka is set to allow local private airlines to operate international flights using air service agreements the government enjoys with other countries, the aviation minister said Thursday.Sri Lanka is set to allow local private airlines to operate international flights using air service agreements the government enjoys with other countries, the aviation minister said Thursday. […]
Tsunami aid inflow puts Sri Lanka balance of payments in the black
The influx of aid since December’s tsunami disaster will lift Sri Lanka’s balance of payments into the black this year, the central bank said Friday.The influx of aid since December’s tsunami disaster will lift Sri Lanka’s balance of payments into the black this year, the central bank said Friday. Sri Lanka’s overall balance of payments […]