All Stories in Economic

Bajaj Auto bags order for 1.25 lakh bikes

Bajaj Auto bags order for 1.25 lakh bikes

Bajaj Auto has bagged an order for 1.25 lakh units of Discover-125M motorcycles from Sri Lankan government. The company through its distributor David Pieris Motor Company in Sri Lanka had secured, after a detailed evaluation process by the Government of Sri Lanka, an order from …

TNPF calls on Tamil people to boycott Presidential election

TNPF calls on Tamil people to boycott Presidential election

Gajendrakumar Ponnambalam, the leader of Tamil National Peoples Front (TNPF) on Thursday (18) addressing the media called on the Tamil people to boycott Sri Lanka’s presidential election next month, stating …

Why Indian ports can’t compete with Colombo

Why Indian ports can’t compete with Colombo

Cargo ships are getting bigger to handle larger volumes from Asia, particularly China, to Europe and the US. The container ship CSCL Global is the new ‘monster at sea;’ over 100 mega ships with carrying capacity of around 15,000 boxes on board sail the oceans. …

Sri Lankan stocks rise

Sri Lankan stocks rise

Sri Lankan stocks traded firmer on Wednesday as investors picked up select blue-chips amid low volumes even as investors turned cautious over buying into risky assets on political uncertainty ahead of the Jan. 8 presidential poll. At 0559 GMT, the main stock index was up …

Russian Economy Close to Crisis

Russian Economy Close to Crisis

Vladimir Putin is not short of problems, many of his own creation. There is the carnage in eastern Ukraine, where he is continuing to stir things up. There are his fraught relations with the West, with even Germany turning against him now. There is an …

Sri Lankan stocks fall to 12-wk low

Sri Lankan stocks fall to 12-wk low

Sri Lankan stocks fell to a 12-week closing low on Thursday as investors pulled back over worries the defection of some ruling party members would result in a hung parliament after the Jan. 8 presidential polls. The main stock index closed down 0.89 percent or …

Dish TV gets Sri Lankan licence

Dish TV gets Sri Lankan licence

Shares of Dish TV India will remain in focus on the bourses, as the company announced its entry into the Sri Lankan market. It informed the exchanges during closing hours of the market that Dish TV Lanka (Pvt) Ltd, its subsidiary in Sri Lanka, has …

People who do not have a genuine need for our protection must return to their home country.

People who do not have a genuine need for our protection must return to their home country.

The UK continues to deport Tamils seeking political asylum to Sri Lanka, despite strong evidence that the security forces systematically use torture against those suspected of dissident activity five years after the end of the country’s civil war. A new report by the Freedom From …

Central bank moves to make commercial banks lower interest rates

Central bank moves to make commercial banks lower interest rates

Sri Lanka’s central bank announced moves on Tuesday to make commercial banks lower their interest rates and increase lending to support an economy expected to grow 7.8 percent this year, while keeping its own policy lending rate unchanged. The central bank held its reverse repurchase …

Sri Lanka Power Report 2014

Sri Lanka Power Report 2014

Sri Lanka will look to coal and renewables to meet its energy needs for the next three to five years, as alternatives offered by gas-fired power generation remain too costly and the necessary pipeline links, LNG facilities and distribution system are still lacking. More urgently, …