Tag: economy

July 28, 2006 (LBO) – Sri Lanka is asking donors to concentrate on helping to build mega infrastructure projects, when the annual aid parley meets in December, treasury secretary P B Jayasundara said. The government wants lenders to channel more money to build roads instead of issuing warning signals about a faltering peace process and […]

July 25, 2006 (AFP) – Sri Lanka, which has the largest contingent of expatriate workers in Lebanon, wants those trapped in the conflict to stay put and those who have fled the bombings to return, a minister said Tuesday. “We are not encouraging them to come back. In fact, we want them to go back […]

July 18, 2006 (LBO) – The Industrial Association of Sri Lanka has commissioned a study to develop a national action plan to be presented to the government later this year. The Institute of Policy Studies, a government think tank, will carry out the study on behalf of the trade body, with financial assistance from the […]

July 16, 2006 (LBO) – Businessman Nimal Welgama has declined a seat on the country’s Monetary Board due to an ongoing inquiry by the Central Bank, according to newspaper reports. Welgama, who was appointed to the board by President Mahinda Rajapakse on July 3, is currently the Managing Director of the Upali Group. The Upali […]

July 13, 2006 (LBO) – Sri Lanka’s trade deficit expanded to 429 million dollars for the five months to May, amidst strong growth in export earnings. Exports from Sri Lanka rose 5.8 percent to 2,530 million dollars from Jan – May, as the island shipped more clothes, tea, rubber based products. During the month of […]

July 13, 2006 (LBO) – International donors who signed up to build homes for Sri Lankans displaced by the tsunami, are now altering plans to beat bureaucratic delays and rising construction costs, officials said Thursday. Over 98,000 houses needed to be built following the December 2004 tsunami that killed over 31,000 people and left nearly […]

July 13, 2006 (LBO) – Upali Group chairman Nimal Welgama, has been appointed to the Monetary Board, the Central Bank of Sri Lanka said Thursday. Welgama has been appointed by the President with effect from July 3. His term of office will be for the remaining period of office of P D Rodrigo, appointed member […]

July 13, 2006 (LBO) – Sri Lanka’s trade deficit expanded to 429 million dollars for the five months to May, amidst strong growth in export earnings. Exports from Sri Lanka rose 5.8 percent to 2,530 million dollars from Jan – May, as the island shipped more clothes, tea, rubber based products. During the month of […]

July 4, 2006 (AFP) – The European Union Tuesday announced seven million euros (8.9 million dollars) in aid for some 400,000 people displaced by the drawn-out separatist conflict in Sri Lanka since 1972.The money, channeled through 20 local and international relief agencies, will go to refugees mainly in the island’s embattled northern and eastern regions, […]

July 4, 2006 (LBO) – Sri Lanka’s budget deficit for the four months to April rose to 3.2 percent of GDP from 2.9 percent of GDP a year before as the government spent more on capital expenditure and salary increments for civil servants and subsidies, the Finance Ministry said Tuesday. The government raised about 100 […]

July 4, 2006 (AFP) – The European Union Tuesday announced seven million euros (8.9 million dollars) in aid for some 400,000 people displaced by the drawn-out separatist conflict in Sri Lanka since 1972.The money, channeled through 20 local and international relief agencies, will go to refugees mainly in the island’s embattled northern and eastern regions, […]

July 4, 2006 (LBO) – Sri Lanka’s budget deficit for the four months to April rose to 3.2 percent of GDP from 2.9 percent of GDP a year before as the government spent more on capital expenditure and salary increments for civil servants and subsidies, the Finance Ministry said Tuesday. The government raised about 100 […]