Tag: Sri Lanka
Trade deficit for May expands on falling apparel earnings and higher oil bill
Sri Lanka’s trade deficit for May expanded, on the back of a heavy oil bill and a drop in apparel sector revenues, the Central Bank said Monday.Sri Lanka’s trade deficit for May expanded, on the back of a heavy oil bill and a drop in apparel sector revenues, the Central Bank said Monday. Trade deficit […]
A top Donor warned the government that aid and investment flows would dry-up if progress is not made in peace talks.
A top Donor warned the government that aid and investment flows would dry-up if progress is not made in peace talks.A top Donor warned the government that aid and investment flows would dry-up if progress is not made in peace talks. Escalating tension between the LTTE and the government has spilt over to killings and […]
The Sri Lankan government will comfort families of migrant workers with therapy sessions.
The Sri Lankan government will comfort families of migrant workers with therapy sessions. The Sri Lankan government will comfort families of migrant workers with therapy sessions. “We want to do counselling for families where mothers have gone abroad,” said Labour & Foreign Employment Minister, Athauda Seneviratne, on Monday. Cabinet, said Seneviratne, sanctioned this move a […]
Eating Words
Ending months of denial and suspense, the government raised petrol prices by Rs. 8.00 with effect from midnight Friday Ending months of denial and suspense, the government raised petrol prices by Rs.8.00 with effect from midnight Friday Petrol at the pump would now cost Rs.65.00 per litre. But the government shot down a suggestion by […]
The World Bank lends US$ 64.7 mn for agro and community development projects in the North & East.
The World Bank has come forward with a US$ 64.7 mn loan to finance agro and community development projects in the North & East. The World Bank has come forward with a US$ 64.7 mn loan to finance agro and community development projects in the North & East. The funds will be channeled through the […]
Standard Practice
Treasury Secretary Dr. P B Jayasundara said Friday that gradual changes in fuel prices are needed, but without much disruption to domestic prices. Treasury Secretary Dr. P B Jayasundara said Friday that gradual changes in fuel prices are needed, but without much disruption to domestic prices. He said that unlimited amounts of subsidies were not […]
India wants 187 items removed from Sri Lanka’s negative list that gives protection to 1,180 items
Sri Lanka and India will meet in mid August for another round of hard bargaining on the Indo-Sri Lanka Free Trade Agreement (ISLFTA).Sri Lanka and India will meet in mid August for another round of hard bargaining on the Indo-Sri Lanka Free Trade Agreement (ISLFTA). The three day meetings starting on August 16 will end […]
Six-month tourist arrivals to the paradise isle are slightly wobbly, responding to the peace sensitivity index, but are on track with year-end expectations.
Six-month tourist arrivals to the paradise isle are slightly wobbly, responding to the peace sensitivity index, but are on track with year-end expectations. Six-month tourist arrivals to the paradise isle are slightly wobbly, responding to the peace sensitivity index, but are on track with year-end expectations. June’s month on month tourist arrivals showed only a […]
Donors want a joint aid group that was set up last year, to get moving to better plan aid and ensure funds go down to the levels its meant to reach.
Donors want a joint aid group that was set up last year and including government, to get moving to better plan aid and ensure funds go down to the levels its meant to reach.Donors want a joint aid group that was set up last year and including government, to get moving to better plan aid […]
Sri Lanka may lose hard won access concessions into the EU market, if local labour laws are not liberalised fast.
Sri Lanka may lose hard won access concessions into the EU market, if local labour laws are not liberalised fast.Sri Lanka may lose hard won access concessions into the EU market, if local labour laws are not liberalised fast. Sri Lanka won export tariff reductions into the European Union in January this year based on […]
Troubled Oil
State petroleum giant Ceypetco is lobbying Treasury officials to up fuel prices in July and hold it steady for about three months thereafter to allow consumers to absorb the shock.State petroleum giant Ceypetco is lobbying Treasury officials to up fuel prices in July and hold it steady for about three months thereafter to allow consumers […]
Friendly Overtures
India says it is looking at new areas for enhancing economic cooperation with Sri Lanka, including agriculture, and a line of credit for the island nation was in the pipeline.rnNew Delhi will also reivew the double taxation avoidance treaty with Colombo, Union Finance Minister P Chidambaram said after a meeting with visiting Sri Lankan Prime […]