Economy

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 …

Lease Backed

Cash rich National Savings Bank (NSB) bought up Rs. 200 million worth of securitised paper last week, locking its returns for up to five years.rn Ceylease and …

Racing On

The All Share index moved 15 points closer to the psychological 1000 point mark, closing at 969 on Wednesday. Despite the current gloom surrounding the peace …

Side Dish

The government wants an interim cure for the collapsed peace talks so it can stick to development plans and aid utilisation schedules. Proposals being touted …

Aid scare

Economists are warning that key fiscal targets could be missed as donors pledge a record amount of aid.Most of the US$ 4.5bn pledged at the Tokyo Donor …

Co-producer

Far from the buzz and the luxuries of a metropolitan city lie the backwater villages of the Uva and Southern Provinces, home to some of the most impoverished …

The Matrix

Sri Lanka has a 45 percent chance of achieving peace within a volatile political situation, which will push the Colombo bourse up by 25 percent to 30 …

Green Rain

International donors wrapped up the two-day Tokyo parley pledging over US$ 4.5 bn in aid over the next four years to rebuild Sri Lanka. The amount includes US$ …

Yawning Gap

The trade deficit widened during the first four months of this year as the import bill galloped ahead of total exports, the Central Bank said Tuesday.The bank …

Building Permit

Traditionally, most of Sri Lanka quote s mega construction projects have been awarded to foreign contractors. But local construction companies say its time the …