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Sri Lanka’s Central Bank gets jittery over IMF’s hard hitting report
Sri Lanka’s Central Bank, which has come under fire for lax monetary policy, printing money to finance the budget deficit and boosting inflation, took the somewhat unusual step of publicly responding to the International Monetary Fund’s hard hitting staff report on the country’s recent weak macro-economic management. Sri Lanka’s Central Bank, which has come under […]
‘s Tamil rebels call for immediate truce talks
The political leader of the Tamil Tiger rebels has called for immediate talks with Sri Lanka’s government to save a shaky ceasefire.The political leader of the Tamil Tiger rebels has called for immediate talks with Sri Lanka’s government to save a shaky ceasefire. Tamil Tiger political chief S.P. Thamilselvan said the rebel group was ready […]
”s hard hitting report
Sri Lanka’s Central Bank, which has come under fire for lax monetary policy, printing money to finance the budget deficit and boosting inflation, took the somewhat unusual step of publicly responding to the International Monetary Fund’s hard hitting staff report on the country’s recent weak macro-economic management. Sri Lanka’s Central Bank, which has come under […]
On the Road
Cabinet this week approved US$ 310 million in donor funding to reconstruct 1137 kilometers of road and 25 major bridges in the tsunami affected coastal regions of Sri Lanka.Cabinet this week approved US$ 310 million in donor funding to reconstruct 1137 kilometers of road and 25 major bridges in the tsunami affected coastal regions of […]
Close Watch
Transparency International is urging stricter controls to prevent political appointments to top public sector posts if a new President is elected this year.Transparency International is urging stricter controls to prevent political appointments to top public sector posts if a new President is elected this year. Sri Lanka’s public sector and diplomatic corps, at least since […]
President Chandrika Kumaratunga’s address to the Asia Society in New York
“Peace requires consensus and joint action by the major political parties” President at NY’s Asia Society “Peace requires consensus and joint action by the major political parties” President at NY’s Asia Society Full text of the President’s address; It is a pleasure to be here at the Asia Society once again. Over the past eleven […]
Sri Lanka rate hike not enough to boost rupee
Sri Lanka’s central bank sent a powerful message to the local markets Tuesday when it hiked interest rates unexpectedly to keep rising inflation from skyrocketing out of control.Sri Lanka’s central bank sent a powerful message to the local markets Tuesday when it hiked interest rates unexpectedly to keep rising inflation from skyrocketing out of control. […]
No Thanks
Sri Lankans are increasingly bombarded with a plethora of financial products and services, but locals still shy away from the capital markets for their monetary needs, a Central Bank led consumer finance survey has highlighted.Sri Lankans are increasingly bombarded with a plethora of financial products and services, but locals still shy away from the capital […]
Tax Watcher
The Finance Ministry on Thursday appointed former Supreme Court Judge Maxwell Parakrama Paranagama as Sri Lanka’s first tax ombudsman.The Finance Ministry on Thursday appointed former Supreme Court Judge Maxwell Parakrama Paranagama as Sri Lanka’s first tax ombudsman. A Ministry statement said the appointment was in keeping with the 2005 budget proposal to appoint an independent […]
Tea prices expected to grow
Weekly tea prices are slowly edging up, with this weeks auction pushing the monthly average to Rs. 188.43, up from Rs. 181.24 in late August. The annual average however is only some 45 cents higher from late August at Rs. 180.45. Industry watchers say prices will improve further in the coming weeks, especially with the […]
Who Did It?
A Sri Lankan magistrate Thursday gave police permission to examine three private bank accounts amid allegations that Prime Minister Mahinda Rajapakse helped himself to foreign aid meant for tsunami survivors.A Sri Lankan magistrate Thursday gave police permission to examine three private bank accounts amid allegations that Prime Minister Mahinda Rajapakse helped himself to foreign aid […]
‘s address to the Asia Society in New York
“Peace requires consensus and joint action by the major political parties” President at NY’s Asia Society “Peace requires consensus and joint action by the major political parties” President at NY’s Asia Society Full text of the President’s address; It is a pleasure to be here at the Asia Society once again. Over the past eleven […]