All Stories in Economic

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 …

Bribery Chief presiding over private arbitration issue in High Court

Bribery Chief presiding over private arbitration issue in High Court

   In a Petition filed in Case No. HC (Civil) WP 64/2013/ARB on 5 April 2013 in the High Court of Western Province by Delmege Forsyth & Co. Ltd. The Chairman of the Bribery Commission D.J. de Silva Balapatabendi had been disclosed to have presided …

Sri Lankan asylum seekers boat reach West Australia

Sri Lankan asylum seekers boat reach West Australia

  ▶sinhala– සිංහල ▶english–    Australian opposition leader Tony Abbott has accused the Australian government of “surrendering” on border protection after a boat carrying 66 Sri Lankan asylum-seekers reached the Australian mainland yesterday. The latest arrival, which will be the subject of a Customs and …

Sri Lanka the nexus between shipping and aviation routes of West and East

Sri Lanka the nexus between shipping and aviation routes of West and East

  Dr. Chris Nonis Sri Lanka’s Ambassador to UK speaking at the Ambassadors Panel of the Global Economic Forum 2013, UK, highlighted the geo-strategic positioning of Sri Lanka at the nexus between shipping and aviation routes of the West and the East, and the substantial …

Expatriate Tamils demonstrate in London

Expatriate Tamils demonstrate in London

     Expatriate Tamils took to the streets in London on Friday, demanding a UN referendum to determine the creation of Tamil Eelam. “We want action, not words,” the protesters said rejecting any solution based on Sri Lanka’s LLRC. Demanding the United Nations not to …