Tag: lankabusinessonline
Government agencies claim two rates of growth for Sri Lanka
May 01 (LBO) – The claims of two different growth rates for Sri Lanka by two agencies have highlighted inherent shortcomings in the preparation of national income accounting and also added fuel to sceptics who do not believe economic growth numbers. A tale of two economies
Sri Lanka’s April inflation swings up
Apr. 28 (LBO) – Sri Lanka’s inflation rate for April rose over consumer demands for bananas, fresh fish, milk foods and vegetables during the traditional New Year season, the Census & Statistics Dept. said Friday. On a point-to-point basis inflation for April rose to 9.2 percent over 6.4 percent reported in March, as the government […]
Iranian Shadow
LONDON, Apr. 28 (AFP) – World oil prices eased Friday on receding worries over US motor oil supplies but held above 70 dollars per barrel on rising tensions over Iran’s disputed nuclear programme. UN nuclear chief Mohamed ElBaradei was expected to report that Iran had failed to meet Friday’s deadline to stop enriching uranium, opening […]
‘s April inflation swings up
Apr. 28 (LBO) – Sri Lanka’s inflation rate for April rose over consumer demands for bananas, fresh fish, milk foods and vegetables during the traditional New Year season, the Census & Statistics Dept. said Friday. On a point-to-point basis inflation for April rose to 9.2 percent over 6.4 percent reported in March, as the government […]
Sri Lanka’s Central Bank calls for better fiscal policies to maintain stability
Apr.27 (LBO) – Sri Lanka’s Central Bank has called for better fiscal policies and continued reforms to maintain growth and economic stability, in its annual report on the country’s economic performance.The Bank said Thursday the country grew by 6 percent in 2005, a day after the Finance Ministry said it grew by 6.2 percent last […]
Sri Lankan exports fall as earnings from clothes decline
Apr.27 (LBO) – Exports from Sri Lanka fell four percent for the two months to February as the island shipped fewer clothes, the central bank said Thursday. Exports dropped to 748 million dollars from Jan-Feb, dragged down by a 9.6 percent fall or 425 million dollars in earnings from shipping clothes. Garments now accounts for […]
Sri Lanka aid donors to meet in Oslo
OSLO, Apr. 27, 2006 (AFP) – Sri Lanka’s main international aid donors will meet in Oslo on Friday to brainstorm on how best to provide assistance against a backdrop of renewed civil strife, the Norwegian government said Thursday.“The co-presidents of the donors conference will meet to discuss different means of furthering the peace process and […]
‘s Central Bank calls for better fiscal policies to maintain stability
Apr.27 (LBO) – Sri Lanka’s Central Bank has called for better fiscal policies and continued reforms to maintain growth and economic stability, in its annual report on the country’s economic performance.The Bank said Thursday the country grew by 6 percent in 2005, a day after the Finance Ministry said it grew by 6.2 percent last […]
Cruising Along
Apr.26 (LBO) – Lanka IOC, a unit of Fortune 500 Indian Oil Corportaion, is confident of maintaining uninterrupted supplies from their tank farm in Trincomalee, amidst rising military activity and closure of key roads in the North East area, a top official said. “We are maintaining our supply lines, in spite of security situation near […]
Sri Lanka forecasts 1Q06 GDP at 6.8%
Apr. 26 (LBO) – Sri Lanka’s economy is expected to grow at an annual pace of 6.8 percent during the first quarter of 2006, despite setbacks in the peace process and worries that the country may slip back to war. Though the budget deficit was high at 8.7 percent of GDP, due to high nominal […]
Tigers provoking backlash with killings: Sri Lanka
Apr. 24 (AFP) – Suspected Tamil Tiger rebels hacked to death a mother feeding her baby after gunning down six farmers in a killing spree designed to provoke a backlash, the defence ministry said Monday.Members of the rebel Liberation Tigers of Tamil Eelam (LTTE) snatched the infant and chopped the woman to pieces at Seeruwila […]
Rights group slams Sri Lanka for not saving Tamil civilians
Apr. 25 (AFP) – Sri Lankan security forces stood by as Sinhalese mobs murdered Tamils after a suspected Tamil Tiger bomb attack earlier this month at a busy market, a human rights watchdog charged Tuesday.The New York-based Human Rights Watch (HRW) said the Colombo government failed to respond to attacks by Sinhalese men armed with […]