Tag: business

May 03 (LBO) – The World Bank has not taken a decision to end concessionary lending to Sri Lanka despite the tsunami-hit island reporting more than 1,000 dollar per capita income for the third-straight year, a top official said Wednesday. Sri Lanka’s 24 billion dollar economy boasted a 1,250 dollar per capita income for 19.5 […]

May 01 (LBO) – The claims of two different growth rates for Sri Lanka by two agencies have highlighted inherent shortcomings in the preparation of national income accounting and also added fuel to sceptics who do not believe economic growth numbers. A tale of two economies

Apr. 28 (LBO) – Sri Lanka’s inflation rate for April rose over consumer demands for bananas, fresh fish, milk foods and vegetables during the traditional New Year season, the Census & Statistics Dept. said Friday. On a point-to-point basis inflation for April rose to 9.2 percent over 6.4 percent reported in March, as the government […]

Apr. 28 (LBO) – Sri Lanka’s inflation rate for April rose over consumer demands for bananas, fresh fish, milk foods and vegetables during the traditional New Year season, the Census & Statistics Dept. said Friday. On a point-to-point basis inflation for April rose to 9.2 percent over 6.4 percent reported in March, as the government […]

Apr.27 (LBO) – Exports from Sri Lanka fell four percent for the two months to February as the island shipped fewer clothes, the central bank said Thursday. Exports dropped to 748 million dollars from Jan-Feb, dragged down by a 9.6 percent fall or 425 million dollars in earnings from shipping clothes. Garments now accounts for […]

OSLO, Apr. 27, 2006 (AFP) – Sri Lanka’s main international aid donors will meet in Oslo on Friday to brainstorm on how best to provide assistance against a backdrop of renewed civil strife, the Norwegian government said Thursday.“The co-presidents of the donors conference will meet to discuss different means of furthering the peace process and […]

Apr.27 (LBO) – Sri Lanka’s Central Bank has called for better fiscal policies and continued reforms to maintain growth and economic stability, in its annual report on the country’s economic performance.The Bank said Thursday the country grew by 6 percent in 2005, a day after the Finance Ministry said it grew by 6.2 percent last […]

Apr.27 (LBO) – Sri Lanka’s Central Bank has called for better fiscal policies and continued reforms to maintain growth and economic stability, in its annual report on the country’s economic performance.The Bank said Thursday the country grew by 6 percent in 2005, a day after the Finance Ministry said it grew by 6.2 percent last […]

Apr. 26 (LBO) – Sri Lanka’s economy is expected to grow at an annual pace of 6.8 percent during the first quarter of 2006, despite setbacks in the peace process and worries that the country may slip back to war. Though the budget deficit was high at 8.7 percent of GDP, due to high nominal […]

Apr. 24 (AFP) – Suspected Tamil Tiger rebels hacked to death a mother feeding her baby after gunning down six farmers in a killing spree designed to provoke a backlash, the defence ministry said Monday.Members of the rebel Liberation Tigers of Tamil Eelam (LTTE) snatched the infant and chopped the woman to pieces at Seeruwila […]

Apr. 25 (AFP) – Sri Lankan security forces stood by as Sinhalese mobs murdered Tamils after a suspected Tamil Tiger bomb attack earlier this month at a busy market, a human rights watchdog charged Tuesday.The New York-based Human Rights Watch (HRW) said the Colombo government failed to respond to attacks by Sinhalese men armed with […]

Apr. 25 (AFP) – Tension gripped Sri Lanka’s north-eastern Trincomalee district Tuesday after an overnight killing of a hotel owner police say was designed to provoke inter-communal riots. The man was gunned down around midnight on the same day suspected Tamil Tiger rebels hacked to death a mother feeding her baby, police said. “The latest […]