Category: Economy

Sri Lanka might spend millions marketing itself as a paradise destination but a recent World Bank study finds that as a place to do business in, the island is no heaven.Sri Lanka might spend millions marketing itself as a paradise destination but a recent World Bank study finds that as a place to do business […]

The ADB is planning to lend US$ 570 m to Sri Lanka over the next two years, according to a Country Strategy and Program (CSP) Update for 2005-2006 endorsed by ADB’s Board of Directors. The loan amount is based on annual commitments of US$ 90 mn from ADB’s concessional Asian Development Fund (ADF), which assists […]

The Treasury says it will try to maintain fiscal discipline and try to keep interest rates low as much as possible. The Treasury says it will try to maintain fiscal discipline and try to keep interest rates low as much as possible. The Treasury is also hoping to keep to an eight percent budget deficit […]

Sri Lanka’s inflation nudged up to double digit levels in August, as a hefty oil bill and a falling rupee took its toll on the economy.Sri Lanka’s inflation nudged up to double digit levels in August, as a hefty oil bill and a falling rupee took its toll on the economy. The Central Bank said […]

Sri Lanka’s inflation nudged up to double digit levels in August, as a hefty oil bill and a falling rupee took its toll on the economy.Sri Lanka’s inflation nudged up to double digit levels in August, as a hefty oil bill and a falling rupee took its toll on the economy. The Central Bank said […]

Sri Lanka’s leading business chamber urges upward revisions to local fuel and electricity prices to absorb rising international rates.Sri Lanka’s leading business chamber urges upward revisions to local fuel and electricity prices to absorb rising international rates. The Ceylon Chamber of Commerce met on Thursday to discuss the impacts of increasing international oil prices on […]

Sri Lanka’s leading business chamber urges upward revisions to local fuel and electricity prices to absorb rising international rates.Sri Lanka’s leading business chamber urges upward revisions to local fuel and electricity prices to absorb rising international rates. The Ceylon Chamber of Commerce met on Thursday to discuss the impacts of increasing international oil prices on […]

The Millennium Challenge Corporation (MCC) announces the latest criteria on how developing countries can apply for assistance from its US bn fund in 2005.The Millennium Challenge Corporation (MCC) announces the latest criteria on how developing countries can apply for assistance from its US bn fund in 2005.In May this year a first batch of 16 […]

Sri Lanka’s traded deficit touched US$ 1.12 billion by June, up from US$ 700 a year ago on higher imports of industrial goods and a hot fuel bill.Sri Lanka’s traded deficit touched US$ 1.12 billion by June, up from US$ 700 a year ago on higher imports of industrial goods and a hot fuel bill. […]

Treasury Secretary Dr. P B Jayasundara appealed to the public and business community to curb fuel consumption, and brace themselves for further oil-led shocks. Treasury Secretary Dr. P B Jayasundara appealed to the public and business community to curb fuel consumption, and brace themselves for further oil-led shocks. Sri Lankan economy is under twin attacks […]

The latest round of talks on the Indo-Lanka FTA ended in Colombo this week with a promise to come closer together under the textile sector umbrella.The latest round of talks on the Indo-Lanka FTA ended in Colombo this week with a promise to come closer together under the textile sector umbrella. Delegations will meet in […]