Category: Economy and Markets

Sri Lanka’s government and Tiger rebels Friday entered a landmark tsunami aid-sharing deal, raising hopes of salvaging a Norwegian-led peace process while hardline Marxists stepped up nationwide protests.Sri Lanka’s government and Tiger rebels Friday entered a landmark tsunami aid-sharing deal, raising hopes of salvaging a Norwegian-led peace process while hardline Marxists stepped up nationwide protests. […]

Only a part of the money earmarked for reconstruction of the North East of Sri Lanka would go into the proposed fund coming under the joint aid sharing agreement with the Tamil rebels, because some donor governments have refused to channel money into it.Only a part of the money earmarked for reconstruction of the North […]

A JVP poster litters Parliament Road after security forces thwarted an attempt by the Marxist party’s supporters from marching up to the Parliamentary complex Friday. Sittings in Sri Lanka’s parliament was suspended after members of a the Marxist Janatha Vimukthi Peramuna held a noisy, black flag protest against a controversial aid share deal with the […]

COLOMBO, June 24 – Sri Lanka’s government unveiled Friday a tsunami aid sharing deal with Tamil rebels despite heated protests from Marxists who disrupted a parliamentary debate on the controversial issue. COLOMBO, June 24 – Sri Lanka’s government unveiled Friday a tsunami aid sharing deal with Tamil rebels despite heated protests from Marxists who disrupted […]

Norway will give Sri Lanka a further Rs.300 mn to revive a tsunami hit fisheries sector, but says more funding will come only when an aid sharing deal with Tamil Tiger rebels is in place.Norway will give Sri Lanka a further Rs. 300 mn to revive a tsunami hit fisheries sector, but says more funding […]

Sri Lanka is on the verge of clinching a deal with Tamil Tiger rebels on sharing foreign aid for post-tsunami reconstruction, official sources said Thursday, as Norway kept up shuttle diplomacy to save the faltering peace process.Sri Lanka is on the verge of clinching a deal with Tamil Tiger rebels on sharing foreign aid for […]

Sri Lanka closes the gap on its trade deficit by US$ 47 million up to April 2005, with tsunami aid, higher exports and an increase in remittances. Sri Lanka closes the gap on its trade deficit by US$ 47 million up to April 2005, with tsunami aid, higher exports and an increase in remittances. The […]

Top donors including the IMF had an opportunity to listen to and have a dialogue with the government about its policy framework at the Development Forum in Kandy. The IMF also released a statement to the donors (link) and made a presentation (link). Shamindra Kulamannage spoke to IMF’s Senior Resident Representative in Sri Lanka, Luis […]

JVP supremo Somawanse Amerasinghe said among the biggest achievements of the party during the last year was reducing corruption, cutting of waste in ministries, and using the savings to buy a bus for ministry workers to travel.JVP supremo Somawanse Amerasinghe said among the biggest achievements of the party during the last year was reducing corruption, […]

Corporate leader activism is almost non-existent although the Cease Fire Agreement with the LTTE is delicately poised and political landscape slipping in to uncertainty.Corporate leader activism is almost non-existent although the Cease Fire Agreement with the LTTE is delicately poised and political landscape slipping in to uncertainty. The primacy of politics over economics is not […]

Political uncertainty and tsunami damage will make it tougher for Sri Lanka to halve poverty by 2015 according to a UN agency.Political uncertainty and tsunami damage will make it tougher for Sri Lanka to halve poverty by 2015 according to a UN agency. Millennium Development Goals (MDG) agreed five years ago by the UN to […]

JVP supremo Somawanse Amerasinghe said among the biggest achievements of the party during the last year was reducing corruption, cutting of waste in ministries, and using the savings to buy a bus for ministry workers to travel.JVP supremo Somawanse Amerasinghe said among the biggest achievements of the party during the last year was reducing corruption, […]