The CEO of the Pegasus hotel chain in his company’s annual report said that the one million tourists that visited Sri Lanka last year had not made the expected impact on the hotel industry. “It is therefore prudent to surmise that this influx …
The Central Bank, releasing its annual publication on “Public Debt Management in Sri Lanka, Performance in 2012 and Strategies for 2013 and beyond” Friday said it aims to reduce foreign currency debts to 30 percent of total outstanding debt by 2016 from 43 …
▶sinhala– සිංහල ▶english– The Appeal Court issued notice on the respondents in the cases filed by 2176 Jaffna Tamils seeking relief against their land being taken over by the government. The writ applications filed by 2176 Jaffna Tamils were taken up for support …
▶sinhala– සිංහල ▶english– The Sri Lankan military will not be given training in Tamil Nadu, Indian Defence Minister A.K Anthony said. He said this after opening a new airbase in Thajavur, Tamil Nadu today to house a squadron of Indian Air Force lethal Su-30 …
President Mahinda Rajapaksa declared open the Diyawanna Vesak zone last night. Head of the Dharmayathanaya Ven. Elle Gunawansa thero, Minister Dinesh Gunawardena and Defence Secretary Gotabhaya Rajapakse were also present. The national Vesak festival which was jointly organized by the Ministry of Buddha …
▶sinhala– සිංහල ▶english– China Development Bank Corporation will lend $580 million to Sri Lanka to help implement key infrastructure projects, a government document released on Wednesday showed. The loan will bring CDB’s total lending to Sri Lanka to more than $1.4 billion. China’s increasing …
After crushing Tamil rebels four years ago Sri Lanka expected to become South Asia’s tiger economy, but exuberance has given way to mediocre growth and fears of more trouble ahead. The country was almost broke when troops defeated separatist Tamil Tigers in May …
Communist Party of Sri Lanka General Secretary and Senior Minister yesterday urged state sector trade unions to push for far reaching financial reforms or face the consequences. In fact, the CP Leader said the state sector employees would be the first to suffer from the …
Sri Lanka has to watch inflation, bank credit, tax revenues, keep monetary policy tight and avoid guaranteeing bank forex borrowings and instead create an environment for foreign direct investments, the International Monetary Fund has said. The executive board of the IMF in a review …
Sri Lanka has cut its policy interest rate corridor by 50 basis points to 7.0 and 9.0 percent to boost credit, saying inflationary pressures were in check, amidst …