Category: Economy and Markets
‘s main opposition party plans to splash millions on welfare subsidies and ban dowries
Sri Lanka’s main opposition party plans to ban dowries, smoking in public places, offer year-end bonuses to public servants and splash out billions of rupees by way of welfare subsidies, if it wins the November presidential poll, its leader said Tuesday. Sri Lanka’s main opposition party plans to ban dowries, smoking in public places, offer […]
‘s private party gets top rating
Singer (Sri Lanka) Ltd walked off with a A+(sri) rating from Fitch Ratings Lanka Limited for its upcoming debenture issue, the rating agency said Tuesday. Singer (Sri Lanka) Ltd walked off with a A+(sri) rating from Fitch Ratings Lanka Limited for its upcoming debenture issue, the rating agency said Tuesday. The rating outlook is stable. […]
Sloth Rate
Sri Lanka moves up three positions in the World Human Development tables, but income poverty remains a problem.Sri Lanka moves up three positions in the World Human Development tables, but income poverty remains a problem. The report released in 2005 is relates to 2003 data. Sri Lanka moved up three places from 96th to 93rd […]
Group to raise scientific concerns on Sethu project
The government is putting together an advisory group to present its scientific concerns with India’s proposed Sethusamudram canal project. The government is putting together an advisory group to present its scientific concerns with India’s proposed Sethusamudram canal project. The move is a follow up to the last round of talks in August where India officially […]
‘s president raps donors for slow progress in post tsunami work
In a serious indictment on the international community, Sri Lankan President Chandrika Kumaratunga has rapped donors for not repatriating funds and delaying post-tsunami reconstruction work, her office said in a statement on Saturday.In a serious indictment on the international community, Sri Lankan President Chandrika Kumaratunga has rapped donors for not repatriating funds and delaying post-tsunami […]
Sri Lanka’s president raps donors for slow progress in post tsunami work
In a serious indictment on the international community, Sri Lankan President Chandrika Kumaratunga has rapped donors for not repatriating funds and delaying post-tsunami reconstruction work, her office said in a statement on Saturday.In a serious indictment on the international community, Sri Lankan President Chandrika Kumaratunga has rapped donors for not repatriating funds and delaying post-tsunami […]
Sri Lanka hopes to contain its 2006’s budget deficit at 8.2 percent of GNP
Sri Lanka hopes to contain its 2006’s budget deficit at 8.2 percent of GNP while keeping total expenses within Rs.1003 billion. Sri Lanka hopes to contain its 2006’s budget deficit at 8.2 percent of GNP while keeping total expenses within Rs. 1003 billion. Cabinet Spokesperson and Health Minister Nimal Siripala de Silva on Friday said […]
Sri Lanka forecasts 2006 budget deficit at 8.2 percent of GNP
Sri Lanka hopes to contain its 2006’s budget deficit at 8.2 percent of gross national product (GNP) while keeping total expenses within Rs.1003 billion. Sri Lanka hopes to contain its 2006’s budget deficit at 8.2 percent of gross national product (GNP) while keeping total expenses within Rs. 1003 billion. Government spending is estimated at Rs. […]
Sri Lanka steps up surveillance on counterfeit notes
Sri Lanka’s Central Bank is ramping up efforts to stamp out forged notes, after a steep rise in counterfeiting activities in the past few months, officials said Tuesday. Sri Lanka’s Central Bank is ramping up efforts to stamp out forged notes, after a steep rise in counterfeiting activities in the past few months, officials said […]
Sri Lanka extends state of emergency
Sri Lanka’s parliament Wednesday extended by a further month the state of emergency imposed shortly after the assassination of Foreign Minister Lakshman Kadirgamar. Sri Lanka’s parliament Wednesday extended by a further month the state of emergency imposed shortly after the assassination of Foreign Minister Lakshman Kadirgamar. Parliament voted 118 for and 24 against the tough […]
Sri Lanka warned to keep war rhetoric down, Tigers take flak
Top foreign aid donors Tuesday warned Sri Lankan political parties against undermining a fragile peace process and accused Tamil Tiger rebels of carrying out political assassinations to jeopardise a truce.Top foreign aid donors Tuesday warned Sri Lankan political parties against undermining a fragile peace process and accused Tamil Tiger rebels of carrying out political assassinations […]
Peace Co-Chairs say government responsible to disarm armed factions
The Co-Chairs of Sri Lanka’s peace process says the government is responsible to disarm armed factions and makes no commitments of international pressure against the LTTE.The Co-Chairs of Sri Lanka’s peace process says the government is responsible to disarm armed factions and makes no commitments of international pressure against the LTTE. The government of Sri […]