Tag: business
Government expects public investment to jump to 9.5 percent of GDP this year and says debt moratorium will give over US$ 500 million in BOP support
Government expects public investment to jump to 9.5 percent of GDP this year and says debt moratorium will give over US$ 500 million in BOP support.Government expects public investment to jump to 9.5 percent of GDP this year and says debt moratorium will give over US$ 500 million in BOP support. Treasury Secretary P. B. […]
Norway in post-tsunami bid to salvage Sri Lanka peace process
Norway will next week launch its first post-tsunami attempt to salvage Sri Lanka’s faltering peace process, diplomatic sources here said.Norway will next week launch its first post-tsunami attempt to salvage Sri Lanka’s faltering peace process, diplomatic sources here said. Top peace envoy Erik Solheim is due here for talks with Sri Lankan leaders as well […]
UN steps in with US$ 166 mn urgent aid for tsunami relief work, including US$ 30 mn payable through cash schemes for survivors
United Nations agencies have stepped in with US$ 166 mn in urgent aid for Sri Lanka, part of which will fund a scheme to set off tax liabilities of some half a million people who have lost all paper in the recent tsunami.United Nations agencies have stepped in with US$ 166 mn in urgent aid […]
ADB says 2 mn more people could be pushed into poverty after tsunami
The Asian Development Bank says the wall of water that ripped across southern Asia last month, killing more than 150,000, could throw nearly 2 million additional people into poverty.According to a report released by the ADB today “The poverty impact of the tsunami will be enormous,” said Ifzal Ali, Chief Economist with the Manila-based multilateral […]
The US says it has provided more than US$ 38 mn in emergency assistance to Sri Lanka.
The US announced on Thursday that it had provided more than US$ 38 mn in emergency relief assistance to Sri Lanka.The US announced on Thursday that it had provided more than US$ 38 mn in emergency relief assistance to Sri Lanka. “The United States has so far provided more than US$ 38 mn in emergency […]
Only US$ 717mn materialises in Geneva out of nearly US$ 4 bn worth of promises for tsunami victims.
Only US$ 717mn materialises in Geneva on Tuesday out of the nearly US$ 4 bn worth of promises made on behalf of tsunami victims.Only US$ 717mn materialises in Geneva on Tuesday out of the nearly US$ 4 bn worth of promises made on behalf of tsunami victims. “The UN already had concrete commitments today from […]
US lawmakers say aid needs to vary in form and be spread over time
A visiting team of US lawmakers say aid needs to vary in form and be spread over time to support long term relief efforts in tsunami affected nations.A visiting team of US lawmakers say aid needs to vary in form and be spread over time to support long term relief efforts in tsunami affected nations. […]
Top officials from international donor agencies to meet with LTTE top brass
Top officials from the main international donor agencies will meet with LTTE top brass on Thursday to discuss tsunami damages. Top officials from the main international donor agencies will meet with LTTE top brass on Thursday to discuss tsunami damages. “The country directors of the Asian Development Bank (ADB), World Bank and senior officers of […]
Central Bank says tsunami’s negative impact may be mitigated by the reconstruction and rehabilitation activities
Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and rehabilitation, though the devastation has left the country with a US$ 1.4 bn repair bill. Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and […]
‘s negative impact may be mitigated by the reconstruction and rehabilitation activities
Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and rehabilitation, though the devastation has left the country with a US$ 1.4 bn repair bill. Sri Lanka’s Central Bank says the negative fall out from the tsunami will be mitigated by growth in reconstruction and […]
Top trade chamber lobbies the Treasury to let it bring in duty free relief
The Ceylon Chamber of Commerce is lobbying the Treasury to be included in a list of agencies allowed to bring in duty free relief shipments to help tsunami victims.The Ceylon Chamber of Commerce is lobbying the Treasury to be included in a list of agencies allowed to bring in duty free relief shipments to help […]
Colin Powell says US contribution to rehabilitating Sri Lanka has already come to US$ 25mn
The US contribution to rehabilitating tsunami wrecked Sri Lanka comes to US$ 25 mn already, says outgoing US Secretary of State, Colin L.Powell. The US contribution to rehabilitating tsunami wrecked Sri Lanka comes to US$ 25 mn already, says outgoing US Secretary of State, Colin L. Powell. “The total US contribution so far is US$ […]