Trickling In
The first tranche of Japans commitment at the Tokyo donor conference rolled into the country today through a grant of Rs. 1.198 billion for a water supply …
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Sand Castles
The Central Environmental Authority on Friday approved sand mining off the shores of Wadduwa and Kalutara. The Coast Conservation Department project will scoop …
Sino Ties
Sri Lanka is moving to cement its ties with China, with a state visit by Prime Minister Ranil Wickremesinge next month.In addition to meeting Chinese Premier …
Housing Carrots
The government is kicking off a housing scheme for government officers in a bid to attract and keep the top quality administrative officers.ldblquote We need …
Leveraged Funds
The Urban Development Authority (UDA) has negotiated with local banks to raise upto Rs. 1 bn to build 1300 houses for the middle and high income segments. buy …
Safety Features
The government is looking at offering up to one year as compensation for employees who lose their jobs and also allow people to take their provident fund …
Donor Support
The World Bank said its funding for the North and East of the island could continue through an interim administration if the government so wished.The bank, …
More Horsepower
The Government is giving Parliament more power to crack the whip on errant public institutions and corporations by strengthening the Parliamentary Public …
Big Push
As some of the Tokyo aid dollars begin to roll in, a top level government committee is looking at fast tracking some of the key infrastructure projects.Top …
Aid Float
Sri Lankas cash float just got heavier, with the World Bank upping its aid from US$ 800 mn to US$ 1 bn over the next four years.rnldblquote For the next two …
Trade Net
Potential Euro-Sri Lankan business partners in the plastics and rubber sector will be linked up via a joint trade database floated today.rnLaunched by the …
Looking Glass
Government plans to set up 14 Oversight Committees to look over key state functions is on track, with proposals going to parliament in a few weeks.ldblquote …
Outright sales
Central Bank may start outright sales of government securities as early as next week with rising foreign inflows boosting the countrys money …
Bulls Eye
The Finance Minister said last week that fiscal targets were on track in his first Fiscal Position Report. The Government said that privatisation proceeds were …
Midyear Review
Sri Lankas top trade chamber has commended the government on pushing ahead with a series of legislative reforms, but said more work needs to be done to …
Pilot Test
ADB on Wednesday approved a technical assistance (TA) grant of US$800,000 to pilot test two community information networks that will bring vital information to …
Sustaining Power
Limited energy supply could hinder a so far promising economic recovery over the next few years, Central Bank officials warned today.rnrnldblquote If the …
VAT Slips?
The Value Added Tax continues to disappoint with revenues again falling short of expectations, with rising refunds eating away at collection.ldblquote Refunds …
On Target
The Sri Lankan economy grew by 5.5 percent in the first quarter of 2003, up sharply from growth of 0. online pharmacy …
More Money
Danish authorities on Tuesday signed a development co-operation agreement to fund a multitude of projects yet to be identified.rnrnThe fresh aid facility will …