All Stories in Economic

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 …

Sri Lanka’s rocketing electricity prices bite hard

Sri Lanka’s rocketing electricity prices bite hard

    There’s big controversy in Sri Lanka over a sudden and very large jump in domestic electricity prices. Ordinary people, already suffering from regular and difficult rises in the …

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

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

    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 …

Pavithra lying

Pavithra lying

Former Minister of Power – Champika Ranawaka denied media reports quoting the Power and Energy Minister Pavithra Wanniarachchi that the proposal to increase electricity tariffs, was proposed by him.The former power minister said that the electricity tariff and petroleum price hike should not be done …

Indian-aided power plant in to begin work in July

Indian-aided power plant in to begin work in July

      The much-delayed India-aided power project at Sampur in Trincomalee district in Eastern Sri Lanka is to commence in July this year. The Minister for Power, Pavithra Wanniarachchi said on Monday (22) that preliminary construction work would begin in July and the plant …

Sri Lanka will grow by 6.5 percent in 2013

Sri Lanka will grow by 6.5 percent in 2013

     The United Nation Economic and Social Commission for Asia and the Pacific (UNESCAP) in its latest report has forecast Sri Lanka’s economy to grow by 6.5 percent this year, marginally up from 6.2 percent in 2012 but lower than the Central Bank estimate …

Golden Key Credit Card Company to resume operations

Golden Key Credit Card Company to resume operations

    The Golden Key Credit Card Company will restart operations from the 1st of next month with a new Board of Directors. A former Deputy Governor of the Central Bank Mr. Priyantha Fernando has been appointed as the Chairman of the Company.  The other members …