Category: Economy and Markets
Farmers get bumper harvest from budget
Paddy farmers got a bumper harvest in the Mahinda Chintana budget, with subsidized fertilizer and paddy buying prices upped by one rupee to Rs.17.50. Paddy farmers got a bumper harvest in the Mahinda Chintana budget, with subsidized fertilizer and paddy buying prices upped by one rupee to Rs. 17.50. The Budget proposal said that all […]
Budget 2006 – Rebuild the agro sector to support the rural economy
Presenting his maiden budget, President Mahinda Rajapaksa said his government would rebuild the agro sector to support the rural economy.Presenting his maiden budget, President Mahinda Rajapaksa said his government would rebuild the agro sector to support the rural economy. Key inputs to develop the rural agro economy will include special loan shchemes, subsidized fertilizer and […]
New power projects needed to be implemented as a priority.
The President in his maiden budget speech said new power projects needed to be implemented as a priority.The President in his maiden budget speech said new power projects needed to be implemented as a priority. However, to compensate residents for any inconvenience from the power plants, the president has proposed to offer concessionary rates to […]
The local film industry will get a series of concessions
The local film industry will get a series of concessions, including a rs.50 mn allocation in 2006 to set up infrastructure for acting development.The local film industry will get a series of concessions, including a rs. 50 mn allocation in 2006 to set up infrastructure for acting development. Meanwhile, foreign films will be slapped with […]
Sri Lanka asks Norway to save peace bid amid war fears
Sri Lanka said Wednesday it has asked Norway to keep trying to broker peace with Tamil Tiger rebels, amid a recent spate of violence which has killed 29 and raised fears that the country could slip back into war. Sri Lanka said Wednesday it has asked Norway to keep trying to broker peace with Tamil […]
Sri Lanka’s treasury secretary scotched investor jitters ahead of Thu. revised budget
Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start economic growth, amidst a backdrop of escalating violence that has renewed fears of the island slipping back to war. Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start […]
Sri Lankan markets jittery as bullets fly
Sri Lanka’s escalating violence and fears of a return to war have led to unease in the financial markets but analysts are hopeful the government will use Thursday’s budget to regain investor confidence. Sri Lanka’s escalating violence and fears of a return to war have led to unease in the financial markets but analysts are […]
Sri Lanka tightens defences amid fears for truce
Sri Lanka’s top military brass held emergency talks with field commanders Wednesday amid fears that a truce with Tamil Tiger rebels was in danger of collapse after a fresh wave of violence killed 27, officials said.Sri Lanka’s top military brass held emergency talks with field commanders Wednesday amid fears that a truce with Tamil Tiger […]
‘s treasury secretary scotched investor jitters ahead of Thu. revised budget
Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start economic growth, amidst a backdrop of escalating violence that has renewed fears of the island slipping back to war. Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start […]
Sri Lanka asks Norway to keep up peace bid
Sri Lanka’s new President Mahinda Rajapakse has asked Norway to keep trying to broker peace with Tamil Tiger rebels despite an election vow to review Oslo’s role, a government statement said Wednesday.Sri Lanka’s new President Mahinda Rajapakse has asked Norway to keep trying to broker peace with Tamil Tiger rebels despite an election vow to […]
‘Controlled’ violence claims 29 lives in Sri Lanka
The latest wave of violence has claimed the lives of 17 troops and 12 others and the Sri Lankan government sought foreign help to salvage a tottering truce, but ceasefire monitors say the situation is “not out of control.” The latest wave of violence has claimed the lives of 17 troops and 12 others and […]
” violence claims 29 lives in Sri Lanka
The latest wave of violence has claimed the lives of 17 troops and 12 others and the Sri Lankan government sought foreign help to salvage a tottering truce, but ceasefire monitors say the situation is “not out of control.” The latest wave of violence has claimed the lives of 17 troops and 12 others and […]