Category: Economy

Sri Lanka is on the verge of clinching a deal with Tamil Tiger rebels on sharing foreign aid for post-tsunami reconstruction, official sources said Thursday, as Norway kept up shuttle diplomacy to save the faltering peace process.Sri Lanka is on the verge of clinching a deal with Tamil Tiger rebels on sharing foreign aid for […]

Sri Lanka closes the gap on its trade deficit by US$ 47 million up to April 2005, with tsunami aid, higher exports and an increase in remittances. Sri Lanka closes the gap on its trade deficit by US$ 47 million up to April 2005, with tsunami aid, higher exports and an increase in remittances. The […]

JVP supremo Somawanse Amerasinghe said among the biggest achievements of the party during the last year was reducing corruption, cutting of waste in ministries, and using the savings to buy a bus for ministry workers to travel.JVP supremo Somawanse Amerasinghe said among the biggest achievements of the party during the last year was reducing corruption, […]

Top donors including the IMF had an opportunity to listen to and have a dialogue with the government about its policy framework at the Development Forum in Kandy. The IMF also released a statement to the donors (link) and made a presentation (link). Shamindra Kulamannage spoke to IMF’s Senior Resident Representative in Sri Lanka, Luis […]

JVP supremo Somawanse Amerasinghe said among the biggest achievements of the party during the last year was reducing corruption, cutting of waste in ministries, and using the savings to buy a bus for ministry workers to travel.JVP supremo Somawanse Amerasinghe said among the biggest achievements of the party during the last year was reducing corruption, […]

Corporate leader activism is almost non-existent although the Cease Fire Agreement with the LTTE is delicately poised and political landscape slipping in to uncertainty.Corporate leader activism is almost non-existent although the Cease Fire Agreement with the LTTE is delicately poised and political landscape slipping in to uncertainty. The primacy of politics over economics is not […]

Political uncertainty and tsunami damage will make it tougher for Sri Lanka to halve poverty by 2015 according to a UN agency.Political uncertainty and tsunami damage will make it tougher for Sri Lanka to halve poverty by 2015 according to a UN agency. Millennium Development Goals (MDG) agreed five years ago by the UN to […]

Sri Lanka Telecom shares rose Friday, on investor perceptions that the stock is undervalued compared to the upcoming Dialog Telecom issue, traders said.Sri Lanka Telecom shares rose Friday, on investor perceptions that the stock is undervalued compared to the upcoming Dialog Telecom issue, traders said. More than 2 million SLT shares changed hands Friday with […]

On Thursday the International Labour Organisation (ILO) wrapped up its annual world conference with all member countries, including Sri Lanka, agreeing to focus on generating more jobs.On Thursday the International Labour Organisation (ILO) wrapped up its annual world conference with all member countries, including Sri Lanka, agreeing to focus on generating more jobs. The ILO […]

Sri Lanka Telecom shares rose Friday, on investor perceptions that the stock is undervalued compared to the upcoming Dialog Telecom issue, traders said.Sri Lanka Telecom shares rose Friday, on investor perceptions that the stock is undervalued compared to the upcoming Dialog Telecom issue, traders said. More than 2 million SLT shares changed hands Friday with […]

Norwegian Deputy Minister of Foreign Affairs, Vidar Helgesen, will arrive in Sri Lanka on Monday, for a five day political update.Norwegian Deputy Minister of Foreign Affairs, Vidar Helgesen, will arrive in Sri Lanka on Monday, for a five day political update. Helgesen is scheduled to meet President Chandrika Bandaranaike Kumaratunga and key stakeholders of Sri […]

Colombo – Tuesday: This street hawker selling pineapples and many other like her mingle among JVP supporters gathered at the Lipton Circus on Tuesday protesting the proposed tsunami aid sharing proposal. The vendors who make an average Rs.500 a day say festivals, carnivals and protests are best for business, with sales more than doubling from […]