Trade assistance to poorer countries increasing; WTO, OECD

Trade assistance to poorer countries from rich countries have increased over last four years, says WTO and OECD.Trade assistance to poorer countries from rich countries have increased over last four years, says WTO and OECD. Trade aid – technical assistance and capacity building to help poorer countries take part in international trade – went up […]

Behind Budget Lines

How practical is a budget that seeks high defense spending and a big government? How practical is a budget that seeks high defense spending and a big government? International rating agencies, that gave Sri Lanka speculative grade ratings on Friday, also highlighted challenges facing the economy. Deterioration in the security situation, delays in the public […]

Scary Budget…

Defense spending was hiked by a massive Rs. 25 billion from the levels proposed a month ago as top Generals said they are ready for war if pushed in to it.Defense spending was hiked by a massive Rs. 25 billion from the levels proposed a month ago as top Generals said they are ready for […]

Japan offers to host talks to save Sri Lanka truce

Japanese peace envoy Yasushi Akashi Sunday invited Sri Lanka and Tamil Tiger rebels to meet in Japan for talks to save their ceasefire, which is threatened with collapse after 34 people were killed in fresh violence.Japanese peace envoy Yasushi Akashi Sunday invited Sri Lanka and Tamil Tiger rebels to meet in Japan for talks to […]

Sri Lanka irked over Norway comments on peace bid: report

Sri Lanka has expressed concern over Norway’s remarks that it would only resume the role of peace broker in a three-decade ethnic conflict if both sides agree to a set of conditions, a press report said Sunday. Sri Lanka has expressed concern over Norway’s remarks that it would only resume the role of peace broker […]

‘s corporate sector and the stockmarket – C T Smith Stockbrokers

Sri Lanka’s corporate sector could take a hit if Thursday’s budget is implemented as proposed.Sri Lanka’s corporate sector could take a hit if Thursday’s budget is implemented as proposed. A number of significant proposals impacting specific companies or sectors in the Colombo Stock Exchange have been put together by C T Smith Stockbrokers. Proposals that […]

Sri Lanka army prepares for war and hopes for peace

Sri Lanka’s combat aircraft and ground troops are ready to be deployed at short notice in the aftermath of a wave of violence that killed 31 people, the military top brass announced Friday.Sri Lanka’s combat aircraft and ground troops are ready to be deployed at short notice in the aftermath of a wave of violence […]

Some of the key highlights of the revised 2006 budget

Some of the key highlights of the revised budget for 2006: Some of the key highlights of the revised budget for 2006: • The budget deficit for 2006 was estimated at Rs.197 billion, up from Rs. 168 billion this year. • The deficit was equivalent to 7.1 percent of GDP (minus tsunami related costs) both […]

Budget 2006 – Where does it all stand?

Sri Lanka Thursday announced higher taxes on corporates, gambling, smoking and liquor to fund a spending spree that includes farm and electricity subsidies and jobs for unemployed. Sri Lanka Thursday announced higher taxes on corporates, gambling, smoking and liquor to fund a spending spree that includes farm and electricity subsidies and jobs for unemployed. President […]

Farmers get bumper harvest from budget

Paddy farmers got a bumper harvest in the Mahinda Chintana budget, with subsidized fertilizer and paddy buying prices upped by one rupee to Rs.17.50. Paddy farmers got a bumper harvest in the Mahinda Chintana budget, with subsidized fertilizer and paddy buying prices upped by one rupee to Rs. 17.50. The Budget proposal said that all […]

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