Category: Economy

The World Bank says over half of US$ 2 bn in tsunami aid pledges are from private donors, but warns better co-ordination is needed among aid agencies and 200 Non-Governmental groups. The World Bank says over half of US$ 2 bn in tsunami aid pledges are from private donors, but warns better co-ordination is needed […]

Shops were closed and public transport ground to a halt in northern and eastern Sri Lanka Tuesday as Tamil Tiger rebels warned that the killing of a Tamil protestor could seriously undermine a three-year truce.Shops were closed and public transport ground to a halt in northern and eastern Sri Lanka Tuesday as Tamil Tiger rebels […]

Pressure mounted on Sri Lanka’s president as her key coalition ally Tuesday protested over a proposed deal with the Tamil Tigers on tsunami relief while the opposition scuttled a pledge to not demonstrate against the government while the country rebuilds.Pressure mounted on Sri Lanka’s president as her key coalition ally Tuesday protested over a proposed […]

A Japanese special envoy is due to arrive here this week for talks with the Sri Lankan president and senior rebels on the risk of losing foreign aid by delaying the peace process, diplomats said Monday.A Japanese special envoy is due to arrive here this week for talks with the Sri Lankan president and senior […]

OECD – Organisation for Economic Co-operation and Development – countries agree to put their weight behind multilateral trade talks.OECD – Organisation for Economic Co-operation and Development – countries agree to put their weight behind multilateral trade talks. Ministers from rich countries like the US, EU, Japan and from developing countries, like India and China, agreed […]

Accidents and illnesses at work are increasing in developing countries, with work related illnesses taking the lead, says the International Labour Organisation (ILO. Accidents and illnesses at work are increasing in developing countries, with work related illnesses taking the lead, says the International Labour Organisation (ILO. “According to new estimates by the ILO, the number […]

Sri Lanka’s president vowed to reach a deal with Tamil rebels on the distribution of aid after the December tsunamis despite the risk it could see her shaky coalition collapse, state-run media said Wednesday.Sri Lanka’s president vowed to reach a deal with Tamil rebels on the distribution of aid after the December tsunamis despite the […]

Sri Lanka’s president vowed to reach a deal with Tamil rebels on the distribution of aid after the December tsunamis despite the risk it could see her shaky coalition collapse, state-run media said Wednesday.Sri Lanka’s president vowed to reach a deal with Tamil rebels on the distribution of aid after the December tsunamis despite the […]

World Trade Organisation(WTO) head warns that the multilateral trade system is heading into the red.World Trade Organisation(WTO) head warns that the multilateral trade system is heading into the red. Addressing journalists at a workshop organised by the Friedrich Ebert Stiftung (FES) – a German non-profit organisation – at the WTO head office in Geneva, Switzerland, […]

India and Sri Lanka opened talks here Monday on defence and trade cooperation as both countries pledged to work closely on enhancing bilateral ties, diplomats said.India and Sri Lanka opened talks here Monday on defence and trade cooperation as both countries pledged to work closely on enhancing bilateral ties, diplomats said. Top civil servants of […]

Former US president Bill Clinton will not attend a key Sri Lankan foreign aid review this month as scheduled, but will be represented by his deputy, government officials here said Tuesday.Former US president Bill Clinton will not attend a key Sri Lankan foreign aid review this month as scheduled, but will be represented by his […]

Central Bank said the economy grew by a slower 5.4 percent last year and expects similar growth this year.The bank also said monetary management was challenging last year due to economic shocks. Central Bank said the economy grew by a slower 5.4 percent last year and expects similar growth this year. The bank also said […]