Category: Economy and Markets
‘s private sector cold shoulders next week’s budget
Budget 2006 goes to Parliament next week, but Sri Lankan businesses are not showing the interest usually reserved for a national budget.Budget 2006 goes to Parliament next week, but Sri Lankan businesses are not showing the interest usually reserved for a national budget. Given Sri Lanka’s practice of sudden policy changes and surprise taxes, the […]
Opposition leads Sri Lanka presidential race: survey
An opinion poll Wednesday gave Sri Lanka’s opposition leader an edge in the presidential race, with a majority saying he was better able to revive the economy and the troubled peace process.An opinion poll Wednesday gave Sri Lanka’s opposition leader an edge in the presidential race, with a majority saying he was better able to […]
Sri Lanka likely to up welfare spending in budget
Sri Lanka’s government is likely to announce ambitious spending plans to help low-income groups and farmers when it presents its 2006 budget proposals next week, analysts say. Sri Lanka’s government is likely to announce ambitious spending plans to help low-income groups and farmers when it presents its 2006 budget proposals next week, analysts say. The […]
Sri Lanka opposition says peace deal in two years
PALALY, (AFP) – Sri Lanka’s opposition leader visited the main military garrison in the Tamil heartland of Jaffna Thursday and vowed peace within “two to three years” if he was elected president this month.PALALY, (AFP) – Sri Lanka’s opposition leader visited the main military garrison in the Tamil heartland of Jaffna Thursday and vowed peace […]
‘s Oct. annaulised inflation slips
Sri Lanka’s inflation rate for October eased marginally to 12.5 percent due to a price reduction in some food items, the Census & Statistics Board said Monday. Sri Lanka’s inflation rate for October eased marginally to 12.5 percent due to a price reduction in some food items, the Census & Statistics Board said Monday. Authorities […]
Ceylon Chamber wants a pre-election budgetary position before Presidential elections
The Ceylon Chamber of Commerce wants a pre-election budgetary position made public, before the Presidential election.The Ceylon Chamber of Commerce wants a pre-election budgetary position made public, before the Presidential election. Sri Lanka’s leading trade chamber wants the government to amend the Fiscal Management (Responsibility) Act, to allow a pre-election fiscal report before a Presidential […]
Sri Lanka’s Oct. annaulised inflation slips
Sri Lanka’s inflation rate for October eased marginally to 12.5 percent due to a price reduction in some food items, the Census & Statistics Board said Monday. Sri Lanka’s inflation rate for October eased marginally to 12.5 percent due to a price reduction in some food items, the Census & Statistics Board said Monday. Authorities […]
Rural homes begin to spend, challenging marketers
In a rural village in the North Western Province, there is no rain for four months of the year and incomes are low.But families are making some life-changing economic decisions.In a rural village in the North Western Province, there is no rain for four months of the year and incomes are low. But families are […]
‘s Pan Asia Bank falls short
Sri Lanka’s Pan Asia Banking Corp (PABC) could loose its BB+(sri) rating, if it fails to beef up its capital, Fitch Ratings Lanka warned Thursday. Sri Lanka’s Pan Asia Banking Corp (PABC) could loose its BB+(sri) rating, if it fails to beef up its capital, Fitch Ratings Lanka warned Thursday. As at June 2005, PABC’s […]
Lanka Rating off to a flying start
Lanka Rating Agency, a unit of Malayasia’s Rating Agency Malaysia, has secured 15 mandates in its first few months of operation, officials said Thursday. Lanka Rating Agency, a unit of Malayasia’s Rating Agency Malaysia, has secured 15 mandates in its first few months of operation, officials said Thursday. The island’s second rating agency says credit […]
Sri Lankan president, main rival agree on bipartisan peace approach
Sri Lanka’s president and her main political rival have agreed for the first time to forge a bipartisan approach to the island’s peace process aimed at ending decades of ethnic bloodshed, officials on both sides said Tuesday.Sri Lanka’s president and her main political rival have agreed for the first time to forge a bipartisan approach […]
Central Bank taps primary dealers for ideas
Sri Lanka’s Central Bank has sought views from market players to improve the primary dealer system, in the backdrop of calls to widen the industry’s revenue base. Sri Lanka’s Central Bank has sought views from market players to improve the primary dealer system, in the backdrop of calls to widen the industry’s revenue base. Dealers […]