Tag: business

Sri Lanka’s inflation rate for October eased marginally to 12.5 percent due to a price reduction in some food items, the Census & Statistics Board said Monday. Sri Lanka’s inflation rate for October eased marginally to 12.5 percent due to a price reduction in some food items, the Census & Statistics Board said Monday. Authorities […]

In a rural village in the North Western Province, there is no rain for four months of the year and incomes are low.But families are making some life-changing economic decisions.In a rural village in the North Western Province, there is no rain for four months of the year and incomes are low. But families are […]

Sri Lanka’s president and her main political rival have agreed for the first time to forge a bipartisan approach to the island’s peace process aimed at ending decades of ethnic bloodshed, officials on both sides said Tuesday.Sri Lanka’s president and her main political rival have agreed for the first time to forge a bipartisan approach […]

Prime Minister Mahinda Rajapakse will immediately abandon the major privatisation undertaken by the current government if elected president next month, his economic affairs advisor said Thursday.Prime Minister Mahinda Rajapakse will immediately abandon the major privatisation undertaken by the current government if elected president next month, his economic affairs advisor said Thursday. Premier Rajapakse will totally […]

UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working.UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working. UNCTAD says developing countries must design their own development programmes to suit individual needs and cautions developing countries against running a race to the bottom trying […]

Sri Lanka’s Prime Minister is promising to give paid paternity leave, duty free vehicles for good taxpayers, free spectacles for the disable, and splash out billions of rupees by way of welfare subsidies, if he wins next month’s presidential poll, his party said Tuesday.Sri Lanka’s Prime Minister is promising to give paid paternity leave, duty […]

UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working.UN trade agency (UNCTAD) says ready-made development programmes, designed by foreign agencies, are not working. UNCTAD says developing countries must design their own development programmes to suit individual needs and cautions developing countries against running a race to the bottom trying […]

Treasury Secretary says GDP growth will surpass six percent this year but independent economists give sharply lower forecasts.Treasury Secretary says GDP growth will surpass six percent this year but independent economists give sharply lower forecasts. Dr P. B. Jayasundera says higher tourism earnings and a better performance from agriculture will help the economy post high […]

The EU sets aside € 490,000 ( around Rs 60 million) to support human rights and conflict resolution initiatives in Sri Lanka by Non Governmental Organisations (NGO).The EU sets aside € 490,000 ( around Rs 60 million) to support human rights and conflict resolution initiatives in Sri Lanka by Non Governmental Organisations (NGO). Sri Lankan […]

Tamil Tiger rebels Thursday asked peace broker Norway to help end the deadlock in Sri Lanka’s peace process amid a renewed outbreak of internecine clashes.Tamil Tiger rebels Thursday asked peace broker Norway to help end the deadlock in Sri Lanka’s peace process amid a renewed outbreak of internecine clashes. Norway’s special peace envoy Trond Furuhovde […]

Rich countries have been doling out more development aid to poor countries, but most of that is being used to pay off debt and rebuild after natural disasters, a United Nations report shows. Rich countries have been doling out more development aid to poor countries, but most of that is being used to pay off […]

Tsunami-hit Sri Lanka is still banking on international aid despite donor attention shifting to Pakistan following the devastating earthquake there, the government’s aid arm said Tuesday.Tsunami-hit Sri Lanka is still banking on international aid despite donor attention shifting to Pakistan following the devastating earthquake there, the government’s aid arm said Tuesday. A wave of foreign […]