Category: Economy

A policeman and a civilian were shot dead in two separate incidents in Sri Lanka’s restive eastern province, the military said Wednesday.A policeman and a civilian were shot dead in two separate incidents in Sri Lanka’s restive eastern province, the military said Wednesday. Unidentified gunmen shot dead a policeman guarding a warehouse holding tsunami relief […]

Sri Lanka is expected to trail behind other Asian nations again this year, after lagging the spectacular growth of developing Asia in 2004, the Asian Development Bank said. Sri Lanka is expected to trail behind other Asian nations again this year, after lagging the spectacular growth of developing Asia in 2004, the Asian Development Bank […]

A policeman and a civilian were shot dead in two separate incidents in Sri Lanka’s restive eastern province, the military said Wednesday.A policeman and a civilian were shot dead in two separate incidents in Sri Lanka’s restive eastern province, the military said Wednesday. Unidentified gunmen shot dead a policeman guarding a warehouse holding tsunami relief […]

Provincial Councils (PC) are packing up plans to increase the Business Turnover Tax (BTT) that was to come into force on April 1.Provincial Councils (PC) are packing up plans to increase the Business Turnover Tax (BTT) that was to come into force on April 1. The Provincial Councils say the change of heart is due […]

Sri Lankan President Chandrika Kumaratunga could call a snap election before the end of 2005 because of friction with her Marxist allies over economic reforms and peace talks with Tamil rebels, analysts said Sunday.Under the island’s constitution, Kumaratunga is now allowed to sack parliament and call an early election following the passing at midnight Saturday […]

Sri Lanka has to cut the budget deficit and respond correctly to rising oil prices, in order to avoid another setback to the economy, a top private sector professional said.Sri Lanka has to cut the budget deficit and respond correctly to rising oil prices, in order to avoid another setback to the economy, a top […]

The Executive Board of the World Bank confirmed on Friday that former US Deputy Secretary of Defense Paul Wolfowitz had landed the top job of Bank President.The Executive Board of the World Bank confirmed on Friday that former US Deputy Secretary of Defense Paul Wolfowitz had landed the top job of Bank President. The Bush […]

Sri Lanka needs fiscal discipline and bipartisan consensus on economic policy to replicate the success of other fast growing economies, a top private sector professional said.Sri Lanka needs fiscal discipline and bipartisan consensus on economic policy to replicate the success of other fast growing economies, a top private sector professional said. Drawing parallels with the […]

The lagging effects of the agriculture sector took a chunk of growth off Sri Lanka’s industrial sector which contributed 36 percent to the country’s GDP growth.The lagging effects of the agriculture sector took a chunk of growth off Sri Lanka’s industrial sector which contributed 36 percent to the country’s GDP growth. The Central Bank in […]

Sri Lanka’s economic growth in last quarter of 2004 plummeted to 4.4 percent, and annual GDP growth fell to 5.4 percent, compared to a revised GDP growth number for 2003 of 6 percent.Sri Lanka’s economic growth in last quarter of 2004 plummeted to 4.4 percent, and annual GDP growth fell to 5.4 percent, compared to […]

Sri Lanka’s economic growth in last quarter of 2004 plummeted to 4.4 percent, and annual GDP growth fell to 5.4 percent, compared to a revised GDP growth number for 2003 of 6 percent.Sri Lanka’s economic growth in last quarter of 2004 plummeted to 4.4 percent, and annual GDP growth fell to 5.4 percent, compared to […]

The headlong rise in inflation showed signs of slowing in March as the point to point increase in Colombo inflation (CCPI) for the last 12 months shifted down slightly to 15.5 per cent from 15.9 per cent a month before, Central Bank said.The headlong rise in inflation showed signs of slowing in March as the […]