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Tourist arrivals could dip 20% this year, from expected record levels.
Tourist arrivals could dip 20 percent from over 560,000 expected this year, even as the industry throws together a package of incentives to jumpstart hotels hit by tidal waves.Tourist arrivals could dip 20 percent from over 560,000 expected this year, even as the industry throws together a package of incentives to jumpstart hotels hit by […]
Package Deal
The Ministry of Health is says it will introduce new regulations on food labelling, for packaged food items, by end of January.The Ministry of Health is says it will introduce new regulations on food labelling, for packaged food items, by end of January. “We have already sent the regulations to the government printer.They should be […]
Anti-corruption watchdog wants government to disclose tsunami-donations.
Anti-corruption watchdog wants the government of Sri Lanka to disclose tsunami-donations.Anti-corruption watchdog wants the government of Sri Lanka to disclose tsunami-donations. Transparency International Sri Lanka(TISL), the local arm of an international ant-corruption body, is organising an island wide monitoring mechanism on aid funds that came into Sri Lanka after the December Tsunami. On Thursday the […]
Late Train
Sri Lanka’s southern rail service will be back on track by March, with the Department estimating the repair bill to restore the tract to touch Rs.1.6 billion. Sri Lanka’s southern rail service will be back on track by March, with the Department estimating the repair bill to restore the tract to touch Rs. 1.6 billion. […]
Tough Choices
The IMF plans to work on a macroeconomic impact, budgetary and balance of payments needs assessment to the tsunami-hit Sri Lanka, besides stepping in with up to US$ 160 mn in emergency financial assistance, a senior International Monetary Fund official said on Wednesday.The IMF plans to work on a macroeconomic impact, budgetary and balance of […]
Tidal Aid
Last month’s devastating tsunami will increase the strain on Sri Lanka’s government finances, but help from donors will likely prevent a full-blown crisis, officials and analysts said Wednesday.Last month’s devastating tsunami will increase the strain on Sri Lanka’s government finances, but help from donors will likely prevent a full-blown crisis, officials and analysts said Wednesday. […]
Tread Carefully
The International Monetary Fund says Sri Lanka will be hard pressed to keep its country reserves at pre-tsunami levels, as a heavy import bill will negate an inflow of dollars.The International Monetary Fund says Sri Lanka will be hard pressed to keep its country reserves at pre-tsunami levels, as a heavy import bill will negate […]
Dogged by Trouble
The Ministry of Health says the risk of rabies has increased because of the large number of displaced dogs in tsunami-affected areas.The Ministry of Health says the risk of rabies has increased because of the large number of displaced dogs in tsunami-affected areas. “There are no confirmed cases of rabies but the risk has of […]
Musical Chairs
About 228 directors presently sitting on boards of Sri Lankan commercial and specialised banks may soon be out of job, if they fail to pass the Central Bank’s upcoming litmus test. About 228 directors presently sitting on boards of Sri Lankan commercial and specialised banks may soon be out of job, if they fail to […]
Sri Lanka begins tsunami rebuilding amid fresh peace moves
Sri Lanka launched an ambitious 3.5-billion dollar tsunami recovery plan Wednesday despite warnings from the International Monetary Fund of more economic troubles following the disaster.Sri Lanka launched an ambitious 3.5-billion dollar tsunami recovery plan Wednesday despite warnings from the International Monetary Fund of more economic troubles following the disaster. President Chandrika Kumaratunga urged unity in […]