Category: Economy

Sri Lanka’s traded deficit touched US$ 1.12 billion by June, up from US$ 700 a year ago on higher imports of industrial goods and a hot fuel bill.Sri Lanka’s traded deficit touched US$ 1.12 billion by June, up from US$ 700 a year ago on higher imports of industrial goods and a hot fuel bill. […]

Treasury Secretary Dr. P B Jayasundara appealed to the public and business community to curb fuel consumption, and brace themselves for further oil-led shocks. Treasury Secretary Dr. P B Jayasundara appealed to the public and business community to curb fuel consumption, and brace themselves for further oil-led shocks. Sri Lankan economy is under twin attacks […]

The latest round of talks on the Indo-Lanka FTA ended in Colombo this week with a promise to come closer together under the textile sector umbrella.The latest round of talks on the Indo-Lanka FTA ended in Colombo this week with a promise to come closer together under the textile sector umbrella. Delegations will meet in […]

Treasury Secretary Dr. P B Jayasundara dismissed market talk of exchange control limits, saying that foreign inflows are on target to stabilise rupee at 102 to the US dollar. Treasury Secretary Dr. P B Jayasundara dismissed market talk of exchange control limits, saying that foreign inflows are on target to stabilise rupee at 102 to […]

Contrary to speculations, the government says foreign aid flows are on track with Sri Lanka receiving around US$ 165 mn so far this year.Contrary to speculations, the government says foreign aid flows are on track with Sri Lanka receiving around US$ 165 mn so far this year. The bulk of the funds have come from […]

The US embassy in Sri Lanka reopens next Monday, after a hoax anthrax scare.The US embassy in Sri Lanka reopens next Monday, after a hoax anthrax scare. The embassy was shut on Tuesday after receiving a letter which contained some unidentified “powder”. Fearing an anthrax-type attack, the embassy shut its air conditioning system, switched off […]

The main opposition United National Party says that World Bank funds running into millions of dollars may be lost if the government doesn’t come up with its own poverty reduction strategy soon.The main opposition United National Party says that World Bank funds running into millions of dollars may be lost if the government doesn’t come […]

The United People’s Freedom Alliance wants the private sector to cough up Rs.400 mn to rehabilitate 1,000 reservoirs as part of a programme for rural development.The United People’s Freedom Alliance wants the private sector to cough up Rs. 400 mn to rehabilitate 1,000 reservoirs as part of a programme for rural development. Speaking to a […]

Sri Lanka’s president said she was ready to discuss a self-rule proposal by Tamil Tiger rebels and denied state media reports that she had rejected the controversial guerrilla blueprint for peace Sri Lanka’s president said she was ready to discuss a self-rule proposal by Tamil Tiger rebels and denied state media reports that she had […]

Sri Lanka’s president said she was ready to discuss a self-rule proposal by Tamil Tiger rebels and denied state media reports that she had rejected the controversial guerrilla blueprint for peace Sri Lanka’s president said she was ready to discuss a self-rule proposal by Tamil Tiger rebels and denied state media reports that she had […]

The World Trade Organisation’s (WTO) July Package promises cuts in trade distorting agricultural subsidies and more special treatment for developing countries. The World Trade Organisation’s (WTO) July Package promises cuts in trade distorting agricultural subsidies and more special treatment for developing countries. On Sunday, for the first time, all 147 countries in the WTO agreed […]

The World Trade Organisation’s (WTO) July Package promises cuts in trade distorting agricultural subsidies and more special treatment for developing countries. The World Trade Organisation’s (WTO) July Package promises cuts in trade distorting agricultural subsidies and more special treatment for developing countries. On Sunday, for the first time, all 147 countries in the WTO agreed […]