Category: Economy

Norway’s ambassador to Sri Lanka met with Tamil Tiger rebels Thursday ahead of a review of Oslo’s peace initiative and talks next week on salvaging a shaky truce, diplomats said.Norway’s ambassador to Sri Lanka met with Tamil Tiger rebels Thursday ahead of a review of Oslo’s peace initiative and talks next week on salvaging a […]

Sri Lanka’s foreign donors are falling over themselves to channel aid to similar projects, but a lots needs to be done to co-ordinate and channel assistance to large projects, the island’s treasury secretary said Friday.Sri Lanka’s foreign donors are falling over themselves to channel aid to similar projects, but a lots needs to be done […]

Police inspect the wreckage of a van after a bomb explosion in the Sri Lankan capital Colombo, 06 October 2005.  There were no major casualties in the blast in front of a newspaper office of a moderate Tamil political party.  AFP PHOTO/Sena Vidanagama An explosion believed to be caused by a grenade was reported in […]

Sri Lankan politicians are littering the island’s commercial capital, Colombo and are getting the public to pay to clean up their mess. Sri Lankan politicians are littering the island’s commercial capital, Colombo and are getting the public to pay to clean up their mess. A woman walks past a barricade at the main street leading […]

Sri Lanka’s never ending thirst for fuel has weighed down the country’s import bill for August, negating export gains from the apparel and rubber industries, the island’s Central Bank said Wednesday.Sri Lanka’s never ending thirst for fuel has weighed down the country’s import bill for August, negating export gains from the apparel and rubber industries, […]

Sri Lanka’s Tamil and Muslim parties, potential kingmakers in next month’s presidential polls, on Wednesday came out in support of the Sinhalese opposition candidate hoping he would end ethnic bloodshed.Sri Lanka’s Tamil and Muslim parties, potential kingmakers in next month’s presidential polls, on Wednesday came out in support of the Sinhalese opposition candidate hoping he […]

Sri Lanka’s never ending thirst for fuel has weighed down the country’s import bill for August, negating export gains from the apparel and rubber industries, the island’s Central Bank said Wednesday.Sri Lanka’s never ending thirst for fuel has weighed down the country’s import bill for August, negating export gains from the apparel and rubber industries, […]

Over one and a half million registered voters of Sri Lanka can’t vote at Sri Lankan elections because they are working abroad.Over one and a half million registered voters of Sri Lanka can’t vote at Sri Lankan elections because they are working abroad. Nearly 12 percent of Sri Lanka’s registered voter base of 13 million […]

Absorbing thousands of unemployed graduates into the public service has joined the usual list of breadwinners like telecom, manufacturing and agriculture to expand Sri Lanka’s second quarter economy, the country’s Central Bank said Friday.Absorbing thousands of unemployed graduates into the public service has joined the usual list of breadwinners like telecom, manufacturing and agriculture to […]

Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday.Sri Lanka’s annualised inflation eased to 12.7 percent in the twelve months to September, due to a drop in certain food prices, the Central Bank said Friday. The twelve […]

The United States will restructure US$ 40 mn of Sri Lanka’s debt for this year, deferring payments for a year and freeing up cash for tsunami re-building.The United States will restructure US$ 40 mn of Sri Lanka’s debt for this year, deferring payments for a year and freeing up cash for tsunami re-building. “The deferred […]

Foreign investments bypassing paradise isle, despite preferential trade access to major world markets. Sri Lanka’s investment promotion agency, the Board Of Investment (BOI), says foreign investment is not flowing into the island, despite preferential access into two of the world’s largest markets – India, and the EU. “Investment into Sri Lanka has been stagnating for […]