Friendly Overtures

India says it is looking at new areas for enhancing economic cooperation with Sri Lanka, including agriculture, and a line of credit for the island nation was …

Ten percent of the Lanka’s reserves have been drained so far, as the Central Bank tries to defend a weak rupee.

Ten percent of the country’s reserves have been drained this year as the Central Bank intervened in the market to defend the Rupee, which is on a steady …

US Lanka talks on “MegaPorts”

The United States and Sri Lanka will soon enter discussions regarding the island's participation in "MegaPorts," a U.S. Department of Energy (DOE) initiative …

Treasury Secretary invites exporters for talks

The Treasury Secretary gave an open invitation to exporters and SME’s to form industry clusters under the National Council for Economic Development (NCED) on …

About US$ 3 bn, 96 projects and 50-years later, Sri Lanka is still begging for World Bank help

About US$ 3 bn, 96 projects and 50-years later, Sri Lanka is still begging for financial assistance from the World Bank. About US$ 3 bn, 96 projects and …

Central Bank backs agro growth through credit from formal financial sector, rather than direct intervention

Central Bank's new thrust to grow the agriculture sector would be backed by credit from the formal financial sector, rather than direct intervention from the …

Love Lost

Rising inflation and falling reserves is likely to put an end to Sri Lankas eight month long honeymoon with low interest rates.The Central Bank hinted that it …

Short Break

The industrial sector will get a tariff-hike holiday in the short term when electricity prices are increased next time, assures Treasury Secretary Dr. online …

Drying Up

Aid flows fell sharply in the first five months as the government lost donor support due to policy about-turns.Gross inflows in the first five months amounted …

Putting It Up

The Ceylon Electricity Board is looking at ways of controlling Sri Lanka’s unruly street lamps that show disturbing tendencies of behaving like local …

Turning 50

Sri Lanka and the World Bank sealed half-a-century of cooperation on Friday by inking another large-scale development aid package.Sri Lanka joined the World …

Second Warning

Continuing its campaign against pyramid schemes, Central Bank is again warning the public that persons who buy a product, not for its own sake but expecting …

Bomb in Colombo

The Colombo stockmarket reacted negatively to the Wednesday morning suicide bomb explosion that has so far left four dead and fifteen others in hospital,. The …

Colombo Rocks

The bomber was escorted to a police station opposite the US and British diplomatic missions after security guards prevented her from entering a ministry in the …

Govt. Inc.

The government is going to expand its role in the economy with more spending on infrastructure and subsidies.Unveiling the governments economic policy the …

Thinking of U

A new government sponsored agency under the Presidents control and headed by a top bureaucrat has been put in charge of policy formulation and implementation. …

Rising Expectations

Sri Lankas inflation rate for June shifted up to 3.9 percent on the back of rising prices of essential goods like rice, red onions, potatoes and vegetables.The …

Holding On – Updated

The Central Bank on Tuesday reiterated its call for political stability, fiscal discipline and structural reforms to enable the economy grow by five percent …

Driving Hard

Sri Lankas slow moving infrastructure projects are lined up for fast forward implementation through a new central coordinating body, says the Treasury …

Naked Truth

Visiting Singaporean Premier asked Sri Lanka to come up with an overall competitive package and not just incentives, if it wants to lure foreign investors."Sri …