Category: Economy and Markets
” as death toll hits 27
Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in a mine blast in the troubled north, bringing the death toll since the weekend to 27.Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in […]
Sri Lanka needs to focus on a better macro-economic policy matrix to face the challenges ahead
Though Sri Lanka badly needs higher levels of investment, to boost growth and reduce poverty, economists are warning that chronic macro-economic instability is hindering progress, with the deteriorating security situation also adding to the country’s woes.An appreciation of the real effective exchange rates, caused by adverse inflation differentials will eventually hurt domestic producers. High inflation […]
Sri Lanka accuse Tigers of ‘stealth war’ as death toll hits 27
Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in a mine blast in the troubled north, bringing the death toll since the weekend to 27.Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in […]
Aid scramble wasting Sri Lanka tsunami relief, think-tank says
International and local charities have wasted aid money meant for tsunami relief and slowed reconstruction efforts in Sri Lanka, an independent think-tank said Thursday.International and local charities have wasted aid money meant for tsunami relief and slowed reconstruction efforts in Sri Lanka, an independent think-tank said Thursday. The Institute of Policy Studies (IPS) asked the […]
Sri Lanka army warns Tamil Tigers as bloody attacks spike
Sri Lanka’s outgoing army chief on Monday accused Tamil Tiger rebels of trying to provoke the military with a series of truce-breaking attacks that killed 12 people over the weekend. Sri Lanka’s outgoing army chief on Monday accused Tamil Tiger rebels of trying to provoke the military with a series of truce-breaking attacks that killed […]
Mine blast rocks Sri Lanka truce, monitors urge calm
Six soldiers were killed in a landmine blast in northern Sri Lanka Sunday, the military said amid an upsurge in violence that prompted Scandanavian truce monitors to warn of “irreparable” damage to the country’s four-year-old ceasefire.Six soldiers were killed in a landmine blast in northern Sri Lanka Sunday, the military said amid an upsurge in […]
Sri Lanka revised 2006 budget likely to have more welfare
A new budget that the Sri Lankan government will announce next week to fulfill some of the new President’s election promises is likely to contain welfare measures and help for farmers. A new budget that the Sri Lankan government will announce next week to fulfill some of the new President’s election promises is likely to […]
59 Sri Lankans arrested on attempted US visa fraud
The US Embassy says 59 Sri Lankans were arrested this year so far, on attempted visa fraud. The US Embassy says 59 Sri Lankans were arrested this year so far, on attempted visa fraud. The US Embassy investigated 987 suspicious applications this year out of 13,000 immigrant and non-immigrant applications for US visa. “Some applicants […]
Sri Lanka is in danger of running short of tsunami reconstruction funds, even if the US$ 3.2 billion pledged aid is fully utilised
Sri Lanka’s tsunami reconstruction costs have jumped by about 60 percent and the island is in danger of running short of funds, even if the US$ 3.2 billion pledged aid is fully utilised, economists from the Institute of Policy Studies said Thursday.Sri Lanka’s tsunami reconstruction costs have jumped by about 60 percent and the island […]
Sri Lanka civil war could reverse tsunami recovery: Clinton
The visiting UN envoy for tsunami recovery, Bill Clinton, warned Sri Lanka that a return to civil war in the island could undo efforts to rebuild after last year’s devastating tsunami.The visiting UN envoy for tsunami recovery, Bill Clinton, warned Sri Lanka that a return to civil war in the island could undo efforts to […]
‘s inflation
Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. The government uses the 12-month […]
Price hikes in cigarettes and alcohol fails to ignite Sri Lanka’s inflation
Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. The government uses the 12-month […]