Category: Economy and Markets
Sri Lanka PM to halt privatisation
Prime Minister Mahinda Rajapakse will immediately abandon the major privatisation undertaken by the current government if elected president next month, his economic affairs advisor said Thursday.Prime Minister Mahinda Rajapakse will immediately abandon the major privatisation undertaken by the current government if elected president next month, his economic affairs advisor said Thursday. Premier Rajapakse will totally […]
Early Christmas hamper from Mahinda
Sri Lanka’s Prime Minister is promising to give paid paternity leave, duty free vehicles for good taxpayers, free spectacles for the disable, and splash out billions of rupees by way of welfare subsidies, if he wins next month’s presidential poll, his party said Tuesday.Sri Lanka’s Prime Minister is promising to give paid paternity leave, duty […]
Don’t go for ready-made development programmes; UNCTAD
UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working.UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working. UNCTAD says developing countries must design their own development programmes to suit individual needs and cautions developing countries against running a race to the bottom trying […]
‘t go for ready-made development programmes; UNCTAD
UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working.UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working. UNCTAD says developing countries must design their own development programmes to suit individual needs and cautions developing countries against running a race to the bottom trying […]
Treasury Secretary optimistic of 6% GDP this year
Treasury Secretary says GDP growth will surpass six percent this year but independent economists give sharply lower forecasts.Treasury Secretary says GDP growth will surpass six percent this year but independent economists give sharply lower forecasts. Dr P. B. Jayasundera says higher tourism earnings and a better performance from agriculture will help the economy post high […]
LTTE asks Norway to break ice over talks
Tamil Tiger rebels Thursday asked peace broker Norway to help end the deadlock in Sri Lanka’s peace process amid a renewed outbreak of internecine clashes.Tamil Tiger rebels Thursday asked peace broker Norway to help end the deadlock in Sri Lanka’s peace process amid a renewed outbreak of internecine clashes. Norway’s special peace envoy Trond Furuhovde […]
Five proposals for one bride
Five banks respond to Sri Lanka’s call to raise funds from migrant workers via an international bond, despite doubts about the timing and the structure of the issue.Five banks respond to Sri Lanka’s call to raise funds from migrant workers via an international bond, despite doubts about the timing and the structure of the issue. […]
EU funding for NGO peace programmes
The EU sets aside € 490,000 ( around Rs 60 million) to support human rights and conflict resolution initiatives in Sri Lanka by Non Governmental Organisations (NGO).The EU sets aside € 490,000 ( around Rs 60 million) to support human rights and conflict resolution initiatives in Sri Lanka by Non Governmental Organisations (NGO). Sri Lankan […]
Where does all that development aid go?
Rich countries have been doling out more development aid to poor countries, but most of that is being used to pay off debt and rebuild after natural disasters, a United Nations report shows. Rich countries have been doling out more development aid to poor countries, but most of that is being used to pay off […]
Sri Lanka banks on tsunami-aid despite Pakistan quake
Tsunami-hit Sri Lanka is still banking on international aid despite donor attention shifting to Pakistan following the devastating earthquake there, the government’s aid arm said Tuesday.Tsunami-hit Sri Lanka is still banking on international aid despite donor attention shifting to Pakistan following the devastating earthquake there, the government’s aid arm said Tuesday. A wave of foreign […]
Sri Lanka’s Central Bank leaves policy rates at current levels
Sri Lanka’s Central Bank opted not to tinker with its benchmark interest rates as the pace of inflation showed signs of easing off. Sri Lanka’s Central Bank opted not to tinker with its benchmark interest rates as the pace of inflation showed signs of easing off. The repurchase rate, which drains money from the banking […]
Presidential hopefuls campaign on peace and prices in Sri Lanka
ANURADHAPURA, Oct 9 – Sri Lanka’s two main candidates for the presidency launched their election campaigns at the weekend promising peace at last for the shattered island and lower consumer prices. ANURADHAPURA, Oct 9 – Sri Lanka’s two main candidates for the presidency launched their election campaigns at the weekend promising peace at last for […]