Author: lbostgadmin
Sri Lanka started a push for budget support loans while presenting an economic plan to donors at the development forum last week in Kandy
Sri Lanka started a push for budget support loans while presenting an economic plan to donors at the development forum last week in Kandy.Sri Lanka started a push for budget support loans while presenting an economic plan to donors at the development forum last week in Kandy. The push came as the president gave an […]
Problem Child
Last week’s Development Forum discussed challenges faced by the economy and governments policy to deal with them. Last week’s Development Forum discussed challenges faced by the economy and governments policy to deal with them. Donors were encouraging the government to setup a mechanism to deliver Tsunami aid to Northeastern areas including those controlled by the […]
Kenyan tea production drops nearly four percent in first quarter 2005
NAIROBI, May 23 (AFP) – Kenya, one of the world’s largest tea exporters, suffered a nearly four percent drop in production in the first quarter of 2005 due to poor weather conditions, the Tea Board of Kenya (TBK) said Monday. In the first three months of the year, tea production fell by 3.79 percent (3,300 […]
‘s appreciating currency in the face of rising inflation has renewed fears of the so-called Dutch Disease gripping the country
Sri Lanka’s appreciating currency in the face of rising inflation has renewed fears of the so-called Dutch Disease gripping the country. Sri Lanka’s appreciating currency in the face of rising inflation has renewed fears of the so-called Dutch Disease gripping the country. In March industrial exports fell, reversing a trend of rising double-digit growth. In […]
Sri Lanka rides tsunami to keep economy afloat
International lenders downgraded Sri Lanka’s economic growth forecasts for this year after tsunamis devastated its coastline, but the island is banking on a flood of foreign aid to keep its head above the water. International lenders downgraded Sri Lanka’s economic growth forecasts for this year after tsunamis devastated its coastline, but the island is banking […]
Tamil party suspends strike in Sri Lankan town ahead of Buddhist festival
A Tamil political party on Sunday suspended a strike in the Sri Lankan port city of Trincomalee to protest the erection of a large statue of Buddha.A Tamil political party on Sunday suspended a strike in the Sri Lankan port city of Trincomalee to protest the erection of a large statue of Buddha. The Tamil […]
Panic attack over false tsunami in Galle
Inhabitants of the Southern Sri Lankan town of Galle ran away from the coast in panic fearing another tsunami, after high seas drenched part of the market area, residents said.Inhabitants of the Southern Sri Lankan town of Galle ran away from the coast in panic fearing another tsunami, after high seas drenched part of the […]
Exports zero growth in March with textile and apparel reducing by 5.3%
Exports recorded zero growth in March, with exports of textile and apparel reducing by 5.3 percent compared to a 11.9 percent increase in January and February.Exports recorded zero growth in March, with exports of textile and apparel reducing by 5.3 percent compared to a 11.9 percent increase in January and February. “Export earnings in March […]
Joint mechanism will not marginalize minorities or fund LTTE; Jayantha Dhanapala
The proposed joint mechanism will not fund LTTE military activity and will not marginalize minorities, says Jayantha Dhanapala, the head of the Peace Secretariat.The proposed joint mechanism will not fund LTTE military activity and will not marginalize minorities, says Jayantha Dhanapala, the head of the Peace Secretariat. “The yanthranaya (mechanism) has been turned into a […]
Tsunami aid inflow puts Sri Lanka balance of payments in the black
The influx of aid since December’s tsunami disaster will lift Sri Lanka’s balance of payments into the black this year, the central bank said Friday.The influx of aid since December’s tsunami disaster will lift Sri Lanka’s balance of payments into the black this year, the central bank said Friday. Sri Lanka’s overall balance of payments […]
Limited Mobility
Sri Lanka is set to allow local private airlines to operate international flights using air service agreements the government enjoys with other countries, the aviation minister said Thursday.Sri Lanka is set to allow local private airlines to operate international flights using air service agreements the government enjoys with other countries, the aviation minister said Thursday. […]
Pitt Stop
Sri Lanka will build a bunkering port in the island’s remote southern tip to service international shipping, the ports and aviation minister said Thursday.Sri Lanka will build a bunkering port in the island’s remote southern tip to service international shipping, the ports and aviation minister said Thursday. Minister Mangala Samaraweera said the government was determined […]