Tag: economy

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 […]

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 […]

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 […]

ANURADHAPURA, Oct 9 – Sri Lanka’s two main candidates for the presidency launched their election campaigns at the weekend promising peace at last for the shattered island and lower consumer prices. ANURADHAPURA, Oct 9 – Sri Lanka’s two main candidates for the presidency launched their election campaigns at the weekend promising peace at last for […]

Sri Lanka is planning to tap international capital markets aggressively after getting a sovereign rating to support its economic recovery next year, and bypass pesky donors who demand fiscal discipline and low inflation to give cheap long-term dollars. Sri Lanka is planning to tap international capital markets aggressively after getting a sovereign rating to support […]

Norway gives Rs 180 million ( around US$ 1.8 mn) to the International Labour Organization (ILO) to “speed up” tsunami rehabilitation in Sri Lanka.Norway gives Rs 180 million ( around US$ 1.8 mn) to the International Labour Organization (ILO) to “speed up” tsunami rehabilitation in Sri Lanka. “We see the necessity to speed up the […]

Sri Lanka’s opposition leader launched his presidential election bid from this historic city Saturday urging unity among the deeply divided majority community ahead of a peace deal with Tamil rebels.Sri Lanka’s opposition leader launched his presidential election bid from this historic city Saturday urging unity among the deeply divided majority community ahead of a peace […]