Category: Economy and Markets
Sri Lanka party to Paris Declaration on effective use of foreign aid
Sri Lanka become party to yet another international declaration on Wednesday – this time on the effective use of foreign aid.Sri Lanka become party to yet another international declaration on Wednesday – this time on the effective use of foreign aid. The Paris Declaration on Aid Effectiveness agrees to take “far reaching and monitorable action” […]
Asylum seekers at an all time low says UN
The number of refugees seeking shelter in industrialised countries fell to its lowest in 16 years in 2004, says the United Nations.The number of refugees seeking shelter in industrialised countries fell to its lowest in 16 years in 2004, says the United Nations. “The number of asylum seekers arriving in industrialized countries fell sharply for […]
Sri Lanka puts a three month moratorium on short term interest rates
Sri Lanka opts not to tinker with its key short-term interest rates for the next three months as authorities plan to tame galloping inflation during the second half of this year, Treasury Secretary said.Sri Lanka opts not to tinker with its key short-term interest rates for the next three months as authorities plan to tame […]
Violence escalates as Norway fails in bid to end Sri Lanka peace deadlock
Sri Lanka Tuesday investigated escalating violence as a top Norwegian envoy ended another mission without a breakthrough in restarting peace talks between Tiger rebels and the government, officials said.Sri Lanka Tuesday investigated escalating violence as a top Norwegian envoy ended another mission without a breakthrough in restarting peace talks between Tiger rebels and the government, […]
Tsunami aid flows drying up?
Two months after the tsunami the United Nations (UN) says rehabilitation aid from the international community is slowing down.Two months after the tsunami the United Nations (UN) says rehabilitation aid from the international community is slowing down. The UN reports that although aid pledges from the rest of the world to rehabilitate tsunami wrecked countries […]
‘s 2004 trade deficit widens by US$ 677 mn, dragged down by a 44% jump in oil import bill
Sri Lanka’s trade deficit ended 2004 on a hard bump, widening by US$ 677 mn, as a hefty petroleum import bill cost the cashed starved treasury an extra US$ 372 mn, the Central Bank said Monday.Sri Lanka’s trade deficit ended 2004 on a hard bump, widening by US$ 677 mn, as a hefty petroleum import […]
A trade deal with Pakistan and the tsunami could spur foreign investment to US$ 400 mn levels this year.
Trade agreements with Pakistan and India could spur foreign investment this year, largely in the manufacturing sector, the Board of Investment says.Trade agreements with Pakistan and India could spur foreign investment this year, largely in the manufacturing sector, the Board of Investment says. “There are two main things that will guide investments this year – […]
Sri Lanka not fighting rising prices
When Sri Lankan inflation soared to double digits last year, the country’s central bank waited for months before tightening policy, leading observers to wonder if it has abandoned its commitment to keep prices low.When Sri Lankan inflation soared to double digits last year, the country’s central bank waited for months before tightening policy, leading observers […]
Consumer prices in the 12 months to Feb galloped ahead to top 15.9%, the highest levels seen since May 2001
Continuing last year’s rising price trend, Sri Lanka’s inflation continued to gallop away topping 15.9 percent in February, up from 14.6 percent in January, the Census & Statistics Dept said Monday. Continuing last year’s rising price trend, Sri Lanka’s inflation continued to gallop away topping 15.9 percent in February, up from 14.6 percent in January, […]
Sri Lanka’s 2004 trade deficit widens by US$ 677 mn, dragged down by a 44% jump in oil import bill
Sri Lanka’s trade deficit ended 2004 on a hard bump, widening by US$ 677 mn, as a hefty petroleum import bill cost the cashed starved treasury an extra US$ 372 mn, the Central Bank said Monday.Sri Lanka’s trade deficit ended 2004 on a hard bump, widening by US$ 677 mn, as a hefty petroleum import […]
Push Push
The government has pledged to bring the Securitization Act to parliament this year as part of the private sector development program agreed with the Asian Development Bank.The government has pledged to bring the Securitization Act to parliament this year as part of the private sector development program agreed with the Asian Development Bank. The ADB […]
Peace secretariat chief asks MIGA to take a look at North East Sri Lanka
The head of the government’s peace secretariat says non – economic incentives are needed to push investment in the North East.The head of the government’s peace secretariat says non – economic incentives are needed to push investment in the North East. Peace Secretariat Chief Jayantha Dhanapala, has invited Multilateral Investment Guarantee Agency (MIGA) to look […]