Category: Economy

A World Bank Wednesday cleared a US$ 75 million loan to Sri Lanka for housing reconstruction in the war ravaged North and East of the island.A World Bank Wednesday cleared a US$ 75 million loan to Sri Lanka for housing reconstruction in the war ravaged North and East of the island. Around 46,000 poor, conflict-affected […]

Pakistan and Sri Lanka will meet next week to tie up a free trade agreement between the two countries by the time Sri Lanka’s President pays a visit to Pakistan next year. Pakistan and Sri Lanka will meet next week to tie up a free trade agreement between the two countries by the time Sri […]

The Sri Lankan government is looking at public-private partnerships for donor funded development projects in future, says the Treasury Secretary.The Sri Lankan government is looking at public-private partnerships for donor funded development projects in future, says the Treasury Secretary. “In future planning agencies and line ministries will have to realise projects that complement public-private partnerships.Not […]

A grenade exploded at an Indian superstar’s concert in Sri Lanka’s capital Colombo, killing at least two people and injuring 18 others, police and doctors said. A grenade exploded at an Indian superstar’s concert in Sri Lanka’s capital Colombo, killing at least two people and injuring 18 others, police and doctors said. The grenade ripped […]

Central Bank says incomes of rich people grew faster over the last five years.Central Bank says incomes of rich people grew faster over the last five years. The bank, which released preliminary findings of its consumer finance and socio-economic survey, says living conditions and real incomes have however, improved across the board. “That the rich […]

The Government’s privatization arm has added a fresh set of minority stakes including parcels in NDB, Lanka Cement and Ceylon Shipping Agencies, to its list of passive investments for sale.The list included stakes in Galadari Hotels, Commercial Bank, Ceylon Agro Industries and shares in the plantation sector. Shareholding in quoted companies in the list, at […]

Sri Lanka has tapped Norwegian government’s generosity for a US$ 1.13 mn grant to settle part of its debts owed to the World Bank. Sri Lanka has tapped Norwegian government’s generosity for a US$ 1.13 mn grant to settle part of its debts owed to the World Bank. The grant has been provided to a […]

Sri Lanka picked up US$ 80 mn from the Asian Development Bank (ADB) as part of a second tranche to develop rehabilitation needs of nearly two million people affected in the North and East.Sri Lanka picked up US$ 80 mn from the Asian Development Bank (ADB) as part of a second tranche to develop rehabilitation […]

Sri Lanka is counting on its migrant workers to remit extra funds for the festive season together with dollar inflows to ease its cash crunch this Christmas.Sri Lanka is counting on its migrant workers to remit extra funds for the festive season together with dollar inflows to ease its cash crunch this Christmas. The island […]

Sri Lanka was plunged Wednesday into a constitutional crisis over the jailing of a key opposition MP, prompting calls for parliament to assert its power over the judiciary.Sri Lanka was plunged Wednesday into a constitutional crisis over the jailing of a key opposition MP, prompting calls for parliament to assert its power over the judiciary. […]

Sri Lanka’s Supreme Court on Tuesday jailed former agriculture minister and leading opposition figure S.B. Dissanayake for contempt after he made a speech critical of judges.Sri Lanka’s Supreme Court on Tuesday jailed former agriculture minister and leading opposition figure S. B. Dissanayake for contempt after he made a speech critical of judges. Dissanayake, who is […]

Sri Lanka’s Supreme Court Tuesday jailed former agriculture minister and leading opposition figure S.B. Dissanayake for contempt, sparking angry protests in the national parliament Sri Lanka’s Supreme Court Tuesday jailed former agriculture minister and leading opposition figure S.B. Dissanayake for contempt, sparking angry protests in the national parliament Dissanayake, who is also a legislator from […]