World Bank gives economic management tips to Sri Lanka’s new policymakers

Sri Lanka’s new political leadership needs to instill investor confidence, halt galloping inflation and interest rates, if the island is to move beyond a five percent growth, the World Bank’s country chief said Saturday.Sri Lanka’s new political leadership needs to instill investor confidence, halt galloping inflation and interest rates, if the island is to move […]

Revving Up

Sri Lanka’s new president demanded Friday the launch of a fresh peace process with Tamil Tiger rebels in the ethnically troubled island and “transparent” monitoring of a Norwegian-brokered truce.Sri Lanka’s new president demanded Friday the launch of a fresh peace process with Tamil Tiger rebels in the ethnically troubled island and “transparent” monitoring of a […]

‘s new policymakers

Sri Lanka’s new political leadership needs to instill investor confidence, halt galloping inflation and interest rates, if the island is to move beyond a five percent growth, the World Bank’s country chief said Saturday.Sri Lanka’s new political leadership needs to instill investor confidence, halt galloping inflation and interest rates, if the island is to move […]

President’s speech fails to inspire the market

President Mahinda Rajapaksa failed to inspire the weather dampened Colombo bourse in his inaugural speech in parliament on Friday. President Mahinda Rajapaksa failed to inspire the weather dampened Colombo bourse in his inaugural speech in parliament on Friday. Towards the market close, the All Share Index was trading 16.4 points lower at 2200, with turnover […]

If they were President, 97% of Sri Lankan children will abandon war

If they were President, 97 percent of Sri Lankan children will abandon war for peace, shows island wide children’s poll. If they were President, 97 percent of Sri Lankan children will abandon war for peace, shows island wide children’s poll. The children of Sri Lanka – a tropical island that has seen nearly 20 years […]

Sri Lanka president demands new truce with Tigers

Sri Lanka’s new President Mahinda Rajapakse Friday demanded a new ceasefire arrangement with Tamil Tiger rebels and called for “transparent” monitoring of the Norwegian-brokered truce.Sri Lanka’s new President Mahinda Rajapakse Friday demanded a new ceasefire arrangement with Tamil Tiger rebels and called for “transparent” monitoring of the Norwegian-brokered truce. Rajapakse in his first policy statement […]

‘s speech fails to inspire the market

President Mahinda Rajapaksa failed to inspire the weather dampened Colombo bourse in his inaugural speech in parliament on Friday. President Mahinda Rajapaksa failed to inspire the weather dampened Colombo bourse in his inaugural speech in parliament on Friday. Towards the market close, the All Share Index was trading 16.4 points lower at 2200, with turnover […]

Rajapaksa govt. looks at 8% growth and rural development

Sri Lanka’s fifth executive president made his first address to parliament on Friday, setting out his policy framework for his six year term in office. Sri Lanka’s fifth executive president made his first address to parliament on Friday, setting out his policy framework for his six year term in office. Replacing the defunked Post Tsunami […]

Under Valued

The bulk of Sri Lanka’s management accountant fraternity is busy crunching numbers or working in unrelated fields rather than doing a job for which they qualified, a recent survey showed.The bulk of Sri Lanka’s management accountant fraternity is busy crunching numbers or working in unrelated fields rather than doing a job for which they qualified, […]

Hot Water

Retail fuel giant Lanka IOC Ltd reported 69 percent drop in second-quarter earnings on Friday as government imposed subsidies and record world crude prices erased profit margins.Retail fuel giant Lanka IOC Ltd reported 69 percent drop in second-quarter earnings on Friday as government imposed subsidies and record world crude prices erased profit margins. Lanka IOC […]

Tigers to set the course for Sri Lanka’s new government

Sri Lanka’s new hawkish president is to make a policy statement pledging prosperity, but analysts and diplomats say they are focusing on a speech by the Tamil rebel leader this weekend that could fan fears of a slide back to civil war.Sri Lanka’s new hawkish president is to make a policy statement pledging prosperity, but […]

‘s new government

Sri Lanka’s new hawkish president is to make a policy statement pledging prosperity, but analysts and diplomats say they are focusing on a speech by the Tamil rebel leader this weekend that could fan fears of a slide back to civil war.Sri Lanka’s new hawkish president is to make a policy statement pledging prosperity, but […]

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