Category: Economy and Markets
Consumer prices in the 12 months to Feb galloped ahead to top 15.9%, the highest levels seen since May 2001
Continuing last year’s rising price trend, Sri Lanka’s inflation continued to gallop away topping 15.9 percent in February, up from 14.6 percent in January, the Census & Statistics Dept said Monday. Continuing last year’s rising price trend, Sri Lanka’s inflation continued to gallop away topping 15.9 percent in February, up from 14.6 percent in January, […]
Sri Lanka’s 2004 trade deficit widens by US$ 677 mn, dragged down by a 44% jump in oil import bill
Sri Lanka’s trade deficit ended 2004 on a hard bump, widening by US$ 677 mn, as a hefty petroleum import bill cost the cashed starved treasury an extra US$ 372 mn, the Central Bank said Monday.Sri Lanka’s trade deficit ended 2004 on a hard bump, widening by US$ 677 mn, as a hefty petroleum import […]
Push Push
The government has pledged to bring the Securitization Act to parliament this year as part of the private sector development program agreed with the Asian Development Bank.The government has pledged to bring the Securitization Act to parliament this year as part of the private sector development program agreed with the Asian Development Bank. The ADB […]
Sri Lanka resurrect plans for a sovereign rating, to cash in on foreign investor interest in the post tsunami era
Sri Lankan government has resurrected plans for a sovereign rating, to capitalise on the goodwill of foreign aid and investments that’s flowing through, in the post-tsunami era. Sri Lankan government has resurrected plans for a sovereign rating, to capitalise on the goodwill of foreign aid and investments that’s flowing through, in the post-tsunami era. A […]
Peace secretariat chief asks MIGA to take a look at North East Sri Lanka
The head of the government’s peace secretariat says non – economic incentives are needed to push investment in the North East.The head of the government’s peace secretariat says non – economic incentives are needed to push investment in the North East. Peace Secretariat Chief Jayantha Dhanapala, has invited Multilateral Investment Guarantee Agency (MIGA) to look […]
imf graph
IMF graph IMF graph Selected Economic and Social Indicators 2004 2005 2006 Pre- Post- tsunami tsunami GDP and inflation (%) Real GDP growth 5.2 6.0 5.3 6.0 Average inflation 7.6 10.5 12 7.5 Public finances (% of GDP) […]
IMF: Rebuilding to pressure Sri Lanka ’05 fiscal outlook
Although the post-tsunami reconstruction effort in Sri Lanka will help domestic economic growth, it may affect the country’s fiscal outlook, the International Monetary Fund said.Although the post-tsunami reconstruction effort in Sri Lanka will help domestic economic growth, it may affect the country’s fiscal outlook, the International Monetary Fund said. “Lower tourism receipts and a reconstruction-related […]
’05 fiscal outlook
Although the post-tsunami reconstruction effort in Sri Lanka will help domestic economic growth, it may affect the country’s fiscal outlook, the International Monetary Fund said.Although the post-tsunami reconstruction effort in Sri Lanka will help domestic economic growth, it may affect the country’s fiscal outlook, the International Monetary Fund said. “Lower tourism receipts and a reconstruction-related […]
The World Bank ups tsunami aid to Sri Lanka by US$ 75 mn to US$ 150 mn.
The World Bank ups tsunami aid to Sri Lanka by US$ 75 mn, taking its total contribution to re-building damaged coastal areas to US$ 150 mn.The World Bank ups tsunami aid to Sri Lanka by US$ 75 mn, taking its total contribution to re-building damaged coastal areas to US$ 150 mn. Donors estimate that Sri […]
World population 6.5 billion by July this year, says United Nations Population Fund.
The world’s population will hit 6.5 billion by July this year, says the United Nations Population Fund.The world’s population will hit 6.5 billion by July this year, says the United Nations Population Fund. “The world’s population will reach 6.5 billion by July and, despite lower expected fertility rates, is likely to reach 9.1 billion by […]
Sri Lanka battles an avalanche of tsunami of aid
Sri Lanka is struggling to cope with a flood of tsunami food aid and has begun distributing perishables even among those unaffected by the disaster, social services minister Sumedha Jayasena said Friday.Sri Lanka is struggling to cope with a flood of tsunami food aid and has begun distributing perishables even among those unaffected by the […]
Sri Lankan obsession with doctors, lawyers and engineers telling on labour market
The Sri Lankan obsession with doctors, lawyers and engineers is finally telling on the local labour market. The Sri Lankan obsession with doctors, lawyers and engineers is finally telling on the local labour market. “Parents still educate children with the very narrow view point of making them doctors, lawyers or engineers,” says Kamal Abeysinghe, Treasurer […]