Category: Economy

BIMST-EC, the seven-member regional grouping which Sri Lanka is a member, has renamed itself as the ‘Bay of Bengal Initiative for Multi-Sector Technical and Economic Cooperation.‘ BIMST-EC, the seven-member regional grouping which Sri Lanka is a member, has renamed itself as the ‘Bay of Bengal Initiative for Multi-Sector Technical and Economic Cooperation.’ BIMST-EC was earlier […]

A constable exploded a grenade, killing himself and his estranged fiancee, at the police garage in the Sri Lankan capital Colombo Friday, an official told AFP.A constable exploded a grenade, killing himself and his estranged fiancee, at the police garage in the Sri Lankan capital Colombo Friday, an official told AFP. The man ordered colleagues […]

Sri Lanka’s inflationary rate for July rose marginally over June, as a prolonged drought and higher import costs pushed key food prices up. Sri Lanka’s inflationary rate for July rose marginally over June, as a prolonged drought and higher import costs pushed key food prices up. The Central Bank said Friday that the trend deviated […]

Indians, Chinese, Koreans and Japanese are falling over themselves to invest in Sri Lanka, claims a senior government minister. Indians, Chinese, Koreans and Japanese are falling over themselves to invest in Sri Lanka, claims a senior government minister. “India is very keen to come here in a big way. They have requested a special desk […]

Denying accusations of playing snakes and ladders with the process, the government said it was ‘flexible’ in its approach and dismissed peace broker Norway’s warnings that the country could slip back to war.Denying accusations of playing snakes and ladders with the process, the government said it was ‘flexible’ in its approach and dismissed peace broker […]

Sri Lanka’s peace broker Norway has failed to secure an agreement with Tamil Tiger rebels to resume talks with the Colombo government, President Chandrika Kumaratunga’s office said.Sri Lanka’s peace broker Norway has failed to secure an agreement with Tamil Tiger rebels to resume talks with the Colombo government, President Chandrika Kumaratunga’s office said. Norway’s top […]

If you plan to shoot off someone in Sri Lanka, please make a note to leave behind indisputable proof – like an identity card – to help local law enforcement authorities track you down. If you plan to shoot off someone in Sri Lanka, please make a note to leave behind indisputable proof – like […]

A top Donor warned the government that aid and investment flows would dry-up if progress is not made in peace talks.A top Donor warned the government that aid and investment flows would dry-up if progress is not made in peace talks. Escalating tension between the LTTE and the government has spilt over to killings and […]

The Sri Lankan government will comfort families of migrant workers with therapy sessions. The Sri Lankan government will comfort families of migrant workers with therapy sessions. “We want to do counselling for families where mothers have gone abroad,” said Labour & Foreign Employment Minister, Athauda Seneviratne, on Monday.  Cabinet, said Seneviratne, sanctioned this move a […]

Sri Lanka’s trade deficit for May expanded, on the back of a heavy oil bill and a drop in apparel sector revenues, the Central Bank said Monday.Sri Lanka’s trade deficit for May expanded, on the back of a heavy oil bill and a drop in apparel sector revenues, the Central Bank said Monday. Trade deficit […]

Sri Lanka and India will meet in mid August for another round of hard bargaining on the Indo-Sri Lanka Free Trade Agreement (ISLFTA).Sri Lanka and India will meet in mid August for another round of hard bargaining on the Indo-Sri Lanka Free Trade Agreement (ISLFTA). The three day meetings starting on August 16 will end […]

The World Bank has come forward with a US$ 64.7 mn loan to finance agro and community development projects in the North & East. The World Bank has come forward with a US$ 64.7 mn loan to finance agro and community development projects in the North & East. The funds will be channeled through the […]