Category: Economy and Markets
Top lending agency throws media out of donor confab, Treasury Secretary apologises
Sri Lanka’s top civil servant in charge of the economy apologized to the media after they were thrown out of a donor meeting earlier in the week at the behest of a top lending agency.Sri Lanka’s top civil servant in charge of the economy apologized to the media after they were thrown out of a […]
Treasury Secretary said benchmark interest rates will remain unchanged for the rest of the year despite a rise in inflation
Treasury Secretary said benchmark interest rates will remain unchanged for the rest of the year despite a rise in inflation.Treasury Secretary said benchmark interest rates will remain unchanged for the rest of the year despite a rise in inflation. Dr. P. B. Jayasundera told LBR that the current upward trend in inflation is temporary and […]
Revenge of the Pharaohs
Sri Lanka Customs Officers Union says a reward is on offer for assistance in the apprehension of the gunmen who attempted to shoot Senior Superintendent Athula Lankadeva.Sri Lanka Customs Officers Union says a reward is on offer for assistance in the apprehension of the gunmen who attempted to shoot Senior Superintendent Athula Lankadeva. Mr. Lankadeva […]
Govt. prepares new poverty reduction strategy paper
The government will present a new poverty reduction strategy based on accelerating rural growth and export oriented market strategies to donors by the end of the year.The government will present a new poverty reduction strategy based on accelerating rural growth and export oriented market strategies to donors by the end of the year. The Finance […]
Royal Ceramics shareholders approve share split
Royal Ceramics (RCL) share will be suspended for trading over three day to allow the company to push through a share capital restructuring proposal.Royal Ceramics (RCL) share will be suspended for trading over three day to allow the company to push through a share capital restructuring proposal. Shareholders on Tuesday approved the proposal to subdivide […]
Government hopes to spend Rs. 438 bn next year
Government expenditure is estimated to go up to Rs.438 bn in 2005, from Rs. 353 bn this year, Finance Minister, Dr.Sarath Amunugama told parliament.Government expenditure is estimated to go up to Rs. 438 bn in 2005, from Rs. 353 bn this year, Finance Minister, Dr. Sarath Amunugama told parliament. Presenting government finances for next year […]
Treasury Secretary says the government and the Central Bank have lost their independence in setting fiscal and monetary policies
The government and the Central Bank have lost their independence in setting fiscal and monetary policies, the Treasury Secretary said in Colombo last week.The government and the Central Bank have lost their independence in setting fiscal and monetary policies, the Treasury Secretary said in Colombo last week. The falling government revenue has meant that increasing […]
Import tax on cars, vans and dump trucks up from Friday
Import tax on cars, vans and dump trucks went up from midnight Thursday after excise duty on these vehicle categories were increased. Import tax on cars, vans and dump trucks went up from midnight Thursday after excise duty on these vehicle categories were increased. Excise duty on cars went up from 25 percent up to […]
Government baffled by the LTTE’s lack of interest in peace talks
The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of interest from the LTTE.The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of […]
‘s lack of interest in peace talks
The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of interest from the LTTE.The government of Sri Lanka says it is ready with a new set of proposals to re-start peace pow-wows and is baffled by the lack of […]
India, Sri Lanka to to harmonise standards and certification procedures by early next year
Sri Lanka and India are trying to harmonise standards and certification procedures between the two countries by early next year to move the Indo-Lanka agreement another step forward.Sri Lanka and India are trying to harmonise standards and certification procedures between the two countries by early next year to move the Indo-Lanka agreement another step forward. […]
Impacts of Sethusamudram to be discussed this month
The initial findings on the impact of India’s Sethusamudram ship canal project on Sri Lanka, will be submitted to the government this month.The initial findings on the impact of India’s Sethusamudram ship canal project on Sri Lanka, will be submitted to the government this month. The initial findings, relating to specific areas, will be submitted […]