Category: Economy

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 […]

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 […]

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 […]

Six-month tourist arrivals to the paradise isle are slightly wobbly, responding to the peace sensitivity index, but are on track with year-end expectations. Six-month tourist arrivals to the paradise isle are slightly wobbly, responding to the peace sensitivity index, but are on track with year-end expectations. June’s month on month tourist arrivals showed only a […]

Donors want a joint aid group that was set up last year and including government, to get moving to better plan aid and ensure funds go down to the levels its meant to reach.Donors want a joint aid group that was set up last year and including government, to get moving to better plan aid […]

Sri Lanka may lose hard won access concessions into the EU market, if local labour laws are not liberalised fast.Sri Lanka may lose hard won access concessions into the EU market, if local labour laws are not liberalised fast. Sri Lanka won export tariff reductions into the European Union in January this year based on […]

India says it is looking at new areas for enhancing economic cooperation with Sri Lanka, including agriculture, and a line of credit for the island nation was in the pipeline.rnNew Delhi will also reivew the double taxation avoidance treaty with Colombo, Union Finance Minister P Chidambaram said after a meeting with visiting Sri Lankan Prime […]

Ten percent of the country’s reserves have been drained this year as the Central Bank intervened in the market to defend the Rupee, which is on a steady slide against the US dollar.Ten percent of the country’s reserves have been drained this year as the Central Bank intervened in the market to defend the Rupee, […]

Ten percent of the country’s reserves have been drained this year as the Central Bank intervened in the market to defend the Rupee, which is on a steady slide against the US dollar.Ten percent of the country’s reserves have been drained this year as the Central Bank intervened in the market to defend the Rupee, […]

The United States and Sri Lanka will soon enter discussions regarding the island’s participation in “MegaPorts,” a U.S. Department of Energy (DOE) initiative to curb the illicit movement of radioactive materials worldwide. The United States and Sri Lanka will soon enter discussions regarding the island’s participation in “MegaPorts,” a U.S. Department of Energy (DOE) initiative […]

About US$ 3 bn, 96 projects and 50-years later, Sri Lanka is still begging for financial assistance from the World Bank. About US$ 3 bn, 96 projects and 50-years later, Sri Lanka is still begging for financial assistance from the World Bank. Sri Lanka’s total project allocation for 2004 tops US$ 400 mn, but World […]