Economy

Donor Support

The World Bank said its funding for the North and East of the island could continue through an interim administration if the government so wished.The bank, …

Big Push

As some of the Tokyo aid dollars begin to roll in, a top level government committee is looking at fast tracking some of the key infrastructure projects.Top …

Aid Float

Sri Lankas cash float just got heavier, with the World Bank upping its aid from US$ 800 mn to US$ 1 bn over the next four years. rnldblquote For the next two …

Trade Net

Potential Euro-Sri Lankan business partners in the plastics and rubber sector will be linked up via a joint trade database floated today.rn Launched by the …

Looking Glass

Government plans to set up 14 Oversight Committees to look over key state functions is on track, with proposals going to parliament in a few weeks. ldblquote …

Bulls Eye

The Finance Minister said last week that fiscal targets were on track in his first Fiscal Position Report. The Government said that privatisation proceeds were …

Pilot Test

ADB on Wednesday approved a technical assistance (TA) grant of US$800,000 to pilot test two community information networks that will bring vital information to …

VAT Slips?

The Value Added Tax continues to disappoint with revenues again falling short of expectations, with rising refunds eating away at collection.ldblquote Refunds …

On Target

The Sri Lankan economy grew by 5.5 percent in the first quarter of 2003, up sharply from growth of 0.1 percent in the same period last year, Finance Minister K …

More Money

Danish authorities on Tuesday signed a development co-operation agreement to fund a multitude of projects yet to be identified.rnrnThe fresh aid facility will …

Peace Rally

Banking stocks stole the market Thursday, with National Development Bank and NDB Bank (NBL) netting 50 percent of the Rs. 457.21 mn in total turnover. Brokers …

Credit Drip

The World Bank Wednesday approved the first tranche of US$ 125 mn in support credit, to shore up the countrys poverty reduction strategy.rnrn The Poverty …