Tag: lbo

The Stock market valuation for most companies has doubled.Even the property market has picked up. rn rnIn effect your net worth could have almost doubled over the last year. rn rnNone of this money though has made it in to your bank account.rn rnBut are you spending more than you usually do? Economists call this […]

A tissue cultivation project to grow and sell banana chips became the first recipient of a government funded rural revival fund.rn rnSet up under the aegis of the Rural Economy Ministry, the Rural Economy Resuscitation Fund kicked off Thursday with a pledge to empower rural producers.rn rnThe Treasury has infused Rs. 100 mn as seed […]

The Sri Lankan government will go in front of a select band of bilateral donors end November to muster financial support for its preliminary development work in the North and East.rn rnCabinet spokesperson, Prof G L Peiris says the government is working with the Liberation Tigers of Tamil Ealam on identifying immediately needed development work […]

The economy notched a trade surplus in August, driven by a strong performance in the textile and apparel sectors, the Central Bank said Tuesday.rn rnThe bank said the surplus of US$ 110 mn in August came thanks to US$ 568 in export revenues and US$ 458 mn in import costs.rn rnHowever, export earnings for the […]

The Industries sector, which accounts for over a quarter of the island quote s GDP, contracted by over one percent in the second quarter according to the latest Central Bank data.rn rnIndustries were hard hid by both lack of demand in the international markets and problems at home like the power-cuts. rn rnldblquote Industrial sector […]

Also referred to as the Fiscal Responsibility Act, a finance minister is also bound to make mid/final year budget and fiscal position report.rn rnWhile the new law prevents the misuse of public funds, it also exposes the impact of vote catching election proposals on the exchequer.rn rnElection manifestos of major political parties will go before […]

The bank said improved economic activity and the promise of a permanent peace, has been clouded by lquote emerging political rivalry quote , jittering investor confidence.ldblquote If it continues, it will impact negatively on the economic front, dblquote the bank said.rn rnReleasing growth numbers for the April-June quarter, the bank said gross domestic product or […]

Private sector players wanted to see more competition in the Infrastructure fields especially in power and petroleum.rn rnThe private sector was also keen to get involved in policy formulation.rn

Government and LTTE are expected to jointly draw up plans to identify areas for reconstruction and rehabilitation.rn rnBoth parties agreed to focus on improving conditions in the north and east in their first round of peace talks in Thailand.rn rnldblquote We are now in the process on identifying the projects. We are working on donor […]

According to a draft budget tabled before Cabinet on Wednesday, total government expenditure will go up to Rs.656 bn from 413 billion this year. Total revenue is expected to swell to 317bn from 278 bn.rn rnThe government hopes to borrow Rs. 349bn next year, with the overall budget deficit kept at 135bn or seven point […]

The cabinet of ministers has also agreed to move to an output based budgeting system in an attempt to create more accountability.rn rnThe government is planning to reduce next year quote s budget deficit from the present eight point five percent of GDP.rn rnPreparing budgets from a Zero base will require ministries and authorities under […]

Peace talks in Thailand wound up Wednesday, with the government and the LTTE making a joint appeal to the international donor community for aid, in the coming months.