All Stories in Economic

IMF – Sri Lanka among one of the fastest developing economies in Asia

IMF – Sri Lanka among one of the fastest developing economies in Asia

Sri Lanka’s economic growth has been one of the fastest among Asia’s developing economies in recent years, International Monetary Fund (IMF) said Tuesday. The IMF Executive Board releasing its report after the conclusion of Article IV consultations with Sri Lanka said the country’s recent economic …

All Ceylon Hindu Congress condemns acts of communalism, religious hatred

All Ceylon Hindu Congress condemns acts of communalism, religious hatred

The All Ceylon Hindu Congress (Federation of Hindu Religious Associations and Hindu Temples in Sri Lanka), has strongly condemned acts of communalism and religious hatred again being directed against minority religious groups and in particular the recent incidents affecting Muslims in Aluthgama and Beruwela areas. …

Counting the cost of Sri Lanka’s violence

Counting the cost of Sri Lanka’s violence

Concern about the worst bout of communal fighting to hit Sri Lanka’s since the end of its civil war in 2009 deepened on Tuesday, after a second evening of clashes between Muslims and Buddhist groups resulted in at least one further death, despite an overnight …

ADB to give US$1.4bn to SL

ADB to give US$1.4bn to SL

The Asian Development Bank (ADB) would provide 1.4 billion US dollars to Sri Lanka over the next four years to finance health, sanitation education and energy, according to the bank officials. Newly appointed ADB Country Director for Sri Lanka Sri Widowati told media recently that the …

Sri Lanka- the next holiday hot spot

Sri Lanka- the next holiday hot spot

   It’s a small island off the south coast of India and it’s being touted as the new Bali. So what is it about Sri Lanka that has travellers sitting up and taking notice? We spoke to Australian photographer, Lincoln Jubb, who recently returned from …

Sri Lanka stocks down despite foreign inflows

Sri Lanka stocks down despite foreign inflows

  Sri Lankan shares fell for a second straight session on Tuesday despite foreign inflows as a proposed United Nations resolution, which may have an impact on the country’s economy, dented sentiment, brokers said. Analysts said most investors were waiting for direction ahead of voting …

India increases developmental aid to SL

India increases developmental aid to SL

The Indian Ministry of External Affairs has had its budget increased by 20% from Rs117.39bn (£ 537.5mn) last year to Rs141.3bn (£646.9mn) in 2014-15, by Finance Minister P Chidambaram. According to the figures in the Economic Times of India, Sri Lanka is the third highest …

Global TU to Sri Lanka on fact finding mission

Global TU to Sri Lanka on fact finding mission

  The leader of the world s single largest trade union (TU) federation will be in the country on a five-day visit starting February 15, on a fact-finding mission regarding issues faced by local workers, including those unjustly terminated by their employers, senior union officials …

Post Tiger economy

Post Tiger economy

     IN FEBRUARY 2009, during the final throes of Sri Lanka’s 25-year-long civil war, Tamil Tiger rebels packed two light aircraft with explosives and flew them towards Colombo. The …

It’s Time For U.S. Policy Toward Sri Lanka To Be More Symmetrical

It’s Time For U.S. Policy Toward Sri Lanka To Be More Symmetrical

     Sri Lanka’s economy is growing at about a 7.5% annual clip, with low inflation and a per capita income of US$ 2,923. We are striving towards a per capita income of over $4,000 by 2016 and are on track to surpass the United Nations …