Tag: Finance

Garment exports dropped two percent to US$ 263 million in July, ending a long growth standing streak due to higher costs and competition after the quote regime ended in 2004.Sector exports for the first seven months are however up 6.4 percent but analysts say stagnant prices and lower imports by the sector indicate further drops. […]

Sri Lanka’s outgoing president will press ahead with plans to share power with minority Tamils in exchange for peace even though her prime minister has promised to ditch the plan if he succeeds her, an official said.Sri Lanka’s outgoing president will press ahead with plans to share power with minority Tamils in exchange for peace […]

Peacebroker Norway said Wednesday that Sri Lanka’s government and Tamil Tiger rebels will be invited to meet soon at the international airport to review their troubled truce, after weeks of haggling over a venue.Peacebroker Norway said Wednesday that Sri Lanka’s government and Tamil Tiger rebels will be invited to meet soon at the international airport […]

Sri Lanka to support food aid flexibility at international trade talks, against looming agriculture subsidy reduction shocks.Sri Lanka to support food aid flexibility at international trade talks, against looming agriculture subsidy reduction shocks. With impending cuts on export subsidies due to increase food prices and food aid also under threat, Sri Lanka is putting its […]

Sri Lanka’s influential Marxist party said Monday it would support Prime Minister Mahinda Rajapakse for the presidency after he promised to drop plans for a federal state, redraft a truce with Tamil Tiger rebels and scrap privatisation. Sri Lanka’s influential Marxist party said Monday it would support Prime Minister Mahinda Rajapakse for the presidency after […]

Sri Lanka government says it is thinking of giving tsunami victims money to buy land to rebuild their homes, eight months after the tsunami.Sri Lanka government says it is thinking of giving tsunami victims money to buy land to rebuild their homes, eight months after the tsunami. Sri Lanka’s central tsunami reconstruction agency TAFREN said […]

The Sri Lankan government’s spokesperson said on Thursday, that holding talks with the LTTE in a foreign country, was “not acceptable,” but that a new venue for talks will be decided after the President returns to the island.The Sri Lankan government’s spokesperson said on Thursday, that holding talks with the LTTE in a foreign country, […]

Sri Lanka’s ruling party says it is lining up political support behind Prime Minister Mahinda Rajapaksa, as the common national candidate for Presidential polls. Sri Lanka’s ruling party says it is lining up political support behind Prime Minister Mahinda Rajapaksa, as the common national candidate for Presidential polls. The Sri Lanka Freedom Party (SLFP), says […]

Cost of living in Sri Lanka still going up despite the contribution by the Yala harvest, says the Central Bank.Cost of living in Sri Lanka still going up despite the contribution by the Yala harvest, says the Central Bank. Prices dropped in August, compared to July, reflecting the historic seasonal pattern because of the influx […]

World leaders will gather in New York in September to assess progress towards the Millennium Development Goals (MDGs) they set five years ago.When they look to Asia and the Pacific the picture will be mixed.World leaders will gather in New York in September to assess progress towards the Millennium Development Goals (MDGs) they set five […]

Sri Lankan President Chandrika Kumaratunga who steps down in December came to power promising to scrap the very office which she fought to cling to after 11 turbulent years dominated by a tortuous peace process with Tamil Tiger rebels.Sri Lankan President Chandrika Kumaratunga who steps down in December came to power promising to scrap the […]

Sri Lankan President Chandrika Kumaratunga who steps down in December came to power promising to scrap the very office which she fought to cling to after 11 turbulent years dominated by a tortuous peace process with Tamil Tiger rebels.Sri Lankan President Chandrika Kumaratunga who steps down in December came to power promising to scrap the […]