Tag: business

Sri Lanka is stretching diplomatic goodwill by asking friendly nations to extend supplier credit to tide over external shocks and ease pressure on the rupee, Treasury Secretary said.Sri Lanka is stretching diplomatic goodwill by asking friendly nations to extend supplier credit to tide over external shocks and ease pressure on the rupee, Treasury Secretary said. […]

Sri Lanka asked international monetary authorities to come up with a contingent facility to tide over crude oil shocks that’s strangling trade dependent nations.Sri Lanka asked international monetary authorities to come up with a contingent facility to tide over crude oil shocks that’s strangling trade dependent nations. Such funds could be used to help develop […]

Sri Lanka’s import bill raced ahead of export earnings in July, as a hefty fuel bill erased gains from apparel and tea revenues, the Central Bank said Friday. Sri Lanka’s import bill raced ahead of export earnings in July, as a hefty fuel bill erased gains from apparel and tea revenues, the Central Bank said […]

Sri Lanka’s private sector is not amused by the latest government hat trick of making changes to taxes by putting out press notices and backdating the effective date.Sri Lanka’s private sector is not amused by the latest government hat trick of making changes to taxes by putting out press notices and backdating the effective date. […]

Inflation data for Sept climbed up to 11.6 percent, as a hefty oil bill and a falling rupee took its toll on the economy. Inflation data for Sept climbed up to 11.6 percent, as a hefty oil bill and a falling rupee took its toll on the economy. Inflation as measured by the Colombo Consumer […]

Sri Lanka’s economy slowed down to 5.2 percent for the second quarter of 2004 dragged down by slower factory output for export goods and a prolonged drought, the Central Bank said Thursday.Sri Lanka’s economy slowed down to 5.2 percent for the second quarter of 2004 dragged down by slower factory output for export goods and […]

Singapore is set to become the biggest foreign investor in Sri Lanka over the next few years as the country moves to end a decades-long ethnic war.Singapore is set to become the biggest foreign investor in Sri Lanka over the next few years as the country moves to end a decades-long ethnic war. A shopping […]

Sri Lanka has reported a bigger than expected balance of payment deficit of US$ 223 mn for the six months ending to June, amid higher world oil prices and a falling rupee, the Central Bank said Monday.Sri Lanka has reported a bigger than expected balance of payment deficit of US$ 223 mn for the six […]

In the first in a series leading up to the November budget this week we take a closer look at government expenditure. In the first in a series leading up to the November budget this week we take a closer look at government expenditure. Treasury says spending will be increased next year with pay hike […]

Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing but excessive borrowing will crowd out the private sector.Central Bank says non-bank private sector has the capacity to absorb over Rs.100 billion in net borrowing but excessive borrowing will crowd out the private sector. The Central Bank carries […]

The United States is putting down US$ 30,000 into two projects in the Ampara District, to demonstrate the benefits of peace and reduce incidents of violence in conflict-prone communities.The United States is putting down US$ 30,000 into two projects in the Ampara District, to demonstrate the benefits of peace and reduce incidents of violence in […]

The Asian Development Bank kept Sri Lanka’s growth figure at 5.5 percent of GDP but warned that pass through oil shocks and erratic weather conditions is fanning inflation in the South Asian region. The Asian Development Bank kept Sri Lanka’s growth figure at 5.5 percent of GDP but warned that pass through oil shocks and […]