Tag: Finance

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 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 […]

July 3, 2006 (LBO) – Sri Lanka’s newly appointed central bank governor says he will promote the independence of the institution, which has come under fire from independent economists in recent years for submitting to fiscal dominance and pushing up inflation. But some previous governors who held shares in financial institutions have sold out after […]

July 3, 2006 (LBO) – Sri Lanka’s newly appointed central bank governor says he will promote the independence of the institution, which has come under fire from independent economists in recent years for submitting to fiscal dominance and pushing up inflation. But some previous governors who held shares in financial institutions have sold out after […]

June 30, 2006 (LBO) – Sri Lanka’s inflation rate for June jumped to 17.7 percent, official figures showed Friday, spurring concerns that the Central Bank may hike interest rates again. The bank, which is forecasting a year-end growth of 7.0 percent said the economy would remain vulnerable an upsurge in violence, as sporadic attacks on […]

June 30, 2006 (LBO) – Sri Lanka’s economy is expected to grow by a better-than-expected 8.0 percent, this year a senior government official said a day after the central bank forecasted year end growth of 7.0 percent. The bank cautioned that economic expansion would remain vulnerable to an upsurge in violence, as sporadic attacks on […]

June 30, 2006 (LBO) – Sri Lanka’s inflation rate for June jumped to 17.7 percent, official figures showed Friday, spurring concerns that the Central Bank may hike interest rates again. The bank, which is forecasting a year-end growth of 7.0 percent said the economy would remain vulnerable an upsurge in violence, as sporadic attacks on […]

June 29, 2006 (LBO) – Sri Lanka’s 24-billion dollar economy expanded by 8.1 percent during the first quarter of this year, ahead of a recent government forecast of 7.0 percent, the Central Bank said Thursday. The bank, which is forecasting a year-end growth of 7.0 percent said the economy would remain vulnerable an upsurge in […]