Category: Economy
Treasury says spending will be increased next year with pay hike for public servants and more money for public investment
In the first in a series leading up to the November budget this week we take a closer look at government expenditure. In the first in a series leading up to the November budget this week we take a closer look at government expenditure. Treasury says spending will be increased next year with pay hike […]
Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing
Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing but excessive borrowing will crowd out the private sector.Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing but excessive borrowing will crowd out the private sector. The Central Bank carries […]
USAID puts down US$ 30,000 to help Ampara community
The United States is putting down US$ 30,000 into two projects in the Ampara District, to demonstrate the benefits of peace and reduce incidents of violence in conflict-prone communities.The United States is putting down US$ 30,000 into two projects in the Ampara District, to demonstrate the benefits of peace and reduce incidents of violence in […]
ADB keeps Lanka’s growth figures intact, but says oil shocks and erratic weather patterns is fanning inflation
The Asian Development Bank kept Sri Lanka’s growth figure at 5.5 percent of GDP but warned that pass through oil shocks and erratic weather conditions is fanning inflation in the South Asian region. The Asian Development Bank kept Sri Lanka’s growth figure at 5.5 percent of GDP but warned that pass through oil shocks and […]
Changing Tide
Treasury Secretary Dr. P B Jayasundara says the government’s mid-term borrowing programmes will avoid crowding out the market, releasing the funds for the private sector to borrow.Treasury Secretary Dr. P B Jayasundara says the government’s mid-term borrowing programmes will avoid crowding out the market, releasing the funds for the private sector to borrow. Jayasundara told […]
The opposition will march on Colombo streets on September 24
The main opposition United National Party, is trying to shake off ‘its sleepy giant image’, with a countrywide street protest against the rising cost of living.The main opposition United National Party, is trying to shake off ‘its sleepy giant image’, with a countrywide street protest against the rising cost of living. The move comes just […]
The US gives US$ 100,000 to supply drinking water to drought affected families
The US has given a US$ 100,000 to the Sri Lanka Red Cross to supply drinking water to 12,000 drought affected families.The US has given a US$ 100,000 to the Sri Lanka Red Cross to supply drinking water to 12,000 drought affected families. Channelled through the US Agency for International Development (USAID), the Sri Lanka […]
Govt.’s role to expand, as private sector cant lead the country on its own
The Treasury Secretary said they plan to expand the role of the government because they think the private sector alone can’t lead the country.The Treasury Secretary said they plan to expand the role of the government because they think the private sector alone can’t lead the country. But he says the state has got the […]
‘s role to expand, as private sector cant lead the country on its own
The Treasury Secretary said they plan to expand the role of the government because they think the private sector alone can’t lead the country.The Treasury Secretary said they plan to expand the role of the government because they think the private sector alone can’t lead the country. But he says the state has got the […]
ADB asks Lanka to get cracking on reforms and economic development
Asian Development Bank’s half a million dollar commitment to Sri Lanka could hit a bumpy stretch if much needed reforms and economic performance gets entangled in the web of political rhetoric.Asian Development Bank’s half a million dollar commitment to Sri Lanka could hit a bumpy stretch if much needed reforms and economic performance gets entangled […]
‘s 10,000 tank restoration project
Sri Lankan banks are putting millions on the government’s water-tank-horse that is expected to bear the island into an era of prosperity. Sri Lankan banks are putting millions on the government’s water-tank-horse that is expected to bear the island into an era of prosperity. The government wants Rs. 2 bn to rehabilitate 10,000 ancient water […]
Banks wetting government’s 10,000 tank restoration project
Sri Lankan banks are putting millions on the government’s water-tank-horse that is expected to bear the island into an era of prosperity. Sri Lankan banks are putting millions on the government’s water-tank-horse that is expected to bear the island into an era of prosperity. The government wants Rs. 2 bn to rehabilitate 10,000 ancient water […]