All Stories in Economic

IMF warns Sri Lanka against interest rate cut

IMF warns Sri Lanka against interest rate cut

      The IMF warned Sri Lanka Thursday about the risk of rising inflation and urged the government not to cut lending rates. The International Monetary Fund chief in Colombo, Koshy Mathai, said he expected inflation to climb by 1-1.5 percentage points in the …

Economist warns of double digit inflation

Economist warns of double digit inflation

   Development Economist and Principal Researcher, Point Pedro Institute of Development, Muttukrishna Sarvananthan has been quoted in the media saying that inflation would hit the sensitive double-digit sooner than later due to the fuel and electricity price hikes. He has explained that according to the …

Minister Weerawansa wants Constitution to be amended

Minister Weerawansa wants Constitution to be amended

  ▶sinhala– සිංහල ▶english–      Minister Wimal Weerawansa said that he would break away from the government, if the Northern Provincial Council (NPC) election are held in September, without removing police and land powers from the PCs. Addressing the May Day rally of the …

Australian Minister for Immigration and Citizenship visits Colombo from May 2-4

Australian Minister for Immigration and Citizenship visits Colombo from May 2-4

  ▶sinhala– සිංහල ▶english–     The Australian Minister for Immigration and Citizenship Brendan O’Connor will travel to Colombo this week as part of the Gillard Government’s continuing commitment to deepening Australia’s relationship with Sri Lanka . The minister will meet with senior government ministers …

No increase to electricity bill up to 60 units

No increase to electricity bill up to 60 units

  ▶sinhala– සිංහල ▶english–      Addressing the UPFA May Day rally at the Campbell part yesterday President Mahinda Rajapakse  said that he decided to provide some concessions to the increased electricity bill. Accordingly, a certain percentage will be reduced upto 180 units.  A concession of …

The US calls on Sri Lankan authorities to demonstrate their commitment to the rule of law and freedom of expression

The US calls on Sri Lankan authorities to demonstrate their commitment to the rule of law and freedom of expression

     Expressing deep concern over the recent surge in attacks on Sri Lankan media organisations, the US today called on the country to ensure freedom of press. “The US calls on Sri Lankan authorities to demonstrate their commitment to the rule of law and …

US defence pact proposed to the Maldives,

US defence pact proposed to the Maldives,

    A draft of US defence pact proposed to the Maldives, was leaked to the media a few days ago.  The US defence draft was seeking to convert the …

Rambukwella says UNP Leaders who ridiculed the armed forces now shamelessly touring the North.

Rambukwella says UNP Leaders who ridiculed the armed forces now shamelessly touring the North.

  The UNP leadership which defamed war heroes during the humanitarian operation by belittling the victories gained describing Thoppigala as a ‘near jungle’ is now visiting the North and leveling unfounded allegations against the Security Forces. Such irresponsible actions have been a feature of the …

FIFA bans Manilal Fernando for 8 years

FIFA bans Manilal Fernando for 8 years

   FIFA has banned Manilal Fernando a member of its executive committee from all soccer activities for eight years after he was found guilty of violating the governing body’s code of ethics. FIFA announced Tuesday(30) that Manilal Fernando, who had been a close ally of disgraced …

Queen faces conflict on Sri Lanka summit

Queen faces conflict on Sri Lanka summit

   The Queen is set to get conflicting advice on attending November’s Commonwealth summit in Sri Lanka as divisions within the organisation grow between member governments over human rights abuses in the host country.  Diplomats said the Government had not yet decided to attend the …