Category: Economy

Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005.Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005. The two day forum […]

KANDY, Sri Lanka – Sri Lanka’s hopes to firm up two billion dollars in pledged tsunami aid at a donor meeting here Monday will be overshadowed by political chaos, deadlocked peace talks with Tamil Tigers and delayed economic reforms, diplomats said.“The bilateral donors are looking more at the politics while multilateral lending institutions are keen […]

Sri Lanka faces a “critical period” in its faltering peace process and failure to cut a deal with Tiger rebels over tsunami relief could jeopardise foreign aid prospects, a top Japanese envoy said Saturday.Sri Lanka faces a “critical period” in its faltering peace process and failure to cut a deal with Tiger rebels over tsunami […]

KANDY, Sri Lanka – Sri Lanka’s hopes to firm up two billion dollars in pledged tsunami aid at a donor meeting here Monday will be overshadowed by political chaos, deadlocked peace talks with Tamil Tigers and delayed economic reforms, diplomats said.“The bilateral donors are looking more at the politics while multilateral lending institutions are keen […]

The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed for tsunami relief in affected coastal regions of the island, US officials said Friday.The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed […]

Vice President of the World Bank Praful Patel will lead the Bank team to Sri Lanka’s aid meet starting Monday, with poverty reduction goals firmly on the agenda. Vice President of the World Bank Praful Patel will lead the Bank team to Sri Lanka’s aid meet starting Monday, with poverty reduction goals firmly on the […]

The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed for tsunami relief in affected coastal regions of the island, US officials said Friday.The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed […]

The donor parley meeting in Kandy on May 16-17 will be sweet talked to cough up the remainder of the US$ 2 bn in aid pledged in the aftermath of the December tsunami.The donor parley meeting in Kandy on May 16-17 will be sweet talked to cough up the remainder of the US$ 2 bn […]

The Colombo Stock Exchange is drawing up plans to admit at least five new members, but this time prospective applicants may have to bid for a license.The Colombo Stock Exchange is drawing up plans to admit at least five new members, but this time prospective applicants may have to bid for a license. Stock brokering […]

Sri Lanka vowed Thursday the country would not return to war despite a deadlock in peace talks and failure to strike a deal with Tamil rebels on tsunami relief ahead of a key review of foreign aid. Sri Lanka vowed Thursday the country would not return to war despite a deadlock in peace talks and […]

A top United Nations official Thursday warned that religious minorities in the predominantly Buddhist Sri Lanka could be persecuted under proposed laws aimed at stopping :unethical conversions.” A top United Nations official Thursday warned that religious minorities in the predominantly Buddhist Sri Lanka could be persecuted under proposed laws aimed at stopping :unethical conversions.” The […]

World trade talks on agriculture trade can reduce food aid to countries like Sri Lanka, warns the United Nations.World trade talks on agriculture trade can reduce food aid to countries like Sri Lanka, warns the United Nations. World Trade Organisation (WTO) countries are discussing new rules to govern the delivery of food aid, but the […]