Category: Economy and Markets
Govt., needs to take up long term reforms to sustain growth after tsunami rebuilding
Tsunami rebuilding is expected to spur growth in the short term but economists say the government needs to phase out aid flows and cap spiralling inflation for later growth.Tsunami rebuilding is expected to spur growth in the short term but economists say the government needs to phase out aid flows and cap spiralling inflation for […]
Sri Lanka fishes for bigger bite of world ornamental fish market
Sri Lanka is fishing for a bigger bite of the world ornamental fish market, with targets set for 10 percent of global billings by 2010. Sri Lanka is fishing for a bigger bite of the world ornamental fish market, with targets set for 10 percent of global billings by 2010. National Aquaculture Development Authority Director […]
‘s import bill by 10%
Oil, fertiliser and fabric swelled Sri Lanka’s import bill by 9.9 percent to US$ 1.2 bn in the first two months this year, with much of the growth – US$ 200 mn, spent on petroleum imports. Oil, fertiliser and fabric swelled Sri Lanka’s import bill by 9.9 percent to US$ 1.2 bn in the first […]
Buddhist monk watches horror on highway as 35 perish in bus-train crash
A Sri Lankan video cameraman films the wreck of a passenger bus which collided with a train near the town of Polgahawela, some 80 kilometres (50 miles) northeast of Colombo,27 April 2005. At least 33 people were killed and 30 were wounded when a train ploughed into a bus at a level crossing in northern […]
Oil, fertiliser and fabric swelled Sri Lanka’s import bill by 10%
Oil, fertiliser and fabric swelled Sri Lanka’s import bill by 9.9 percent to US$ 1.2 bn in the first two months this year, with much of the growth – US$ 200 mn, spent on petroleum imports. Oil, fertiliser and fabric swelled Sri Lanka’s import bill by 9.9 percent to US$ 1.2 bn in the first […]
‘s Central Bank cuts government securities to curb inflation
Sri Lanka’s central bank has reduced its holdings of government securities since the end of last year to reduce excess liquidity as part of efforts to curb inflation, a senior official said Monday.Sri Lanka’s central bank has reduced its holdings of government securities since the end of last year to reduce excess liquidity as part […]
Sri Lanka’s Central Bank cuts government securities to curb inflation
Sri Lanka’s central bank has reduced its holdings of government securities since the end of last year to reduce excess liquidity as part of efforts to curb inflation, a senior official said Monday.Sri Lanka’s central bank has reduced its holdings of government securities since the end of last year to reduce excess liquidity as part […]
Despite shocks, Asia-Pacific economies make best showing since 2000: UN
BANGKOK, April 25 (AFP) – Shrugging off a stream of disasters and shocks, the Asia-Pacific region last year managed to post its strongest economic gains since 2000, the United Nations said Monday in an annual survey.BANGKOK, April 25 (AFP) – Shrugging off a stream of disasters and shocks, the Asia-Pacific region last year managed to […]
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Sri Lanka accused Tamil Tiger rebels of provoking government security forces and said the military was ready to take action to “protect peace,” a state-run daily reported Friday. Sri Lanka accused Tamil Tiger rebels of provoking government security forces and said the military was ready to take action to “protect peace,” a state-run daily reported […]
Sri Lanka grants amnesty to 70,000 military deserters
Sri Lanka has offered to drop court martial proceedings against 70,000 military deserters as part of a drive to overhaul the security forces, the defence ministry said Friday.Sri Lanka has offered to drop court martial proceedings against 70,000 military deserters as part of a drive to overhaul the security forces, the defence ministry said Friday. […]
Sri Lanka warns Tigers against provoking troops, vow to ‘protect peace’
Sri Lanka accused Tamil Tiger rebels of provoking government security forces and said the military was ready to take action to “protect peace,” a state-run daily reported Friday. Sri Lanka accused Tamil Tiger rebels of provoking government security forces and said the military was ready to take action to “protect peace,” a state-run daily reported […]
Sri Lanka faces new crisis over tsunami deal with Tigers
A main Marxist party in Sri Lanka’s ruling coalition Wednesday issued a fresh warning to the government not to go ahead with a Norwegian-brokered deal with Tamil Tiger rebels to handle tsunami aid. The Marxist JVP, or People’s Liberation Front, which holds the balance of power in the 225-member parliament, said they opposed a “joint […]