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The JVP today urged the Government not to further aggravate the ongoing crisis in the universities and take immediate action to find answers for the grievances of university teachers. JVP MP Anura Kumara Dissanayake making a special statement in Parliament said that the university teachers
By Cassandra Mascarenhas Setting its sights on placing Sri Lanka in the global economy and expanding its reach in overseas markets, the Sri Lanka Economic Summit 2012, the Ceylon Chamber of Commerce’s annual flagship event, aptly themed ‘Positioning Sri Lanka in the Global Economy,’ commenced last evening at the Cinnamon Grand. In the context of ...
Key insights to state of the economy and market and future prospects from NDB Stockbrokers’ latest Sri Lanka Equities report Uncertainty in the macro environment The robust economic growth and steep rise in global crude oil prices increased Sri Lanka’s import bill by 51% in 2011. As a result the trade deficit widened, putting the ...
The Royal Bank of Scotland Group’s Head of Rating Advisory Raymond Woo had recently called on Economic Development Minister Basil Rajapaksa. “Sri Lanka was able to control the impact of internal and external crisis successfully due to the efficiency of the political, economic
CB asks banks overnight for their forex commitments for Thursday and Friday; steps up bank visits Convenes meeting with treasury heads of banks; rupee crisis figures in monthly CB-bank CEOs meeting as well Dealers say no room for speculation given the very narrow net open positions; new rules apart
With the recent relaxing of the rupee exchange rate and subsequent increase in fuel prices, trade unions and the opposition parties are conducting protest campaigns against the Government, demanding a reduction in oil prices and the cost of living. This article investigates the living conditions of citizens in the recent past and present, quality and ...
High cost of living and festive seasons go hand in hand and the upcoming New Year looks set to becoming a particularly difficult one. With the Central Bank downgrading the economic forecast from eight per cent to 7.2 per cent and a rapidly depreciating rupee adding to increasing imports, the month of April, when consumerism ...
SINGAPORE (Reuters): European banks will continue to reduce their lending in Asia, posing problems for companies in the region as local financial institutions lack the capacity to make up the shortfall, Singapore’s central bank chief warned on Wednesday. Asian firms, other than the bluest of blue chips, have seen a jump in their dollar borrowing ...
;s external sector crisis, warned that the country will have to grapple with “the tyranny ...
Reuters: France and Germany agreed on Thursday to stop arguing in public over whether the European Central Bank should do more to rescue the euro zone from a deepening sovereign debt crisis. President Nicolas Sarkozy and Chancellor Angela Merkel said after talks with Italian Prime Minister Mario
Reuters: Sri Lanka’s stock market narrowly edged up on Monday from a seven-week low, ending four straight falls as investors snapped up battered shares though a liquidity shortage and global worries cooled sentiments, dealers said. The island nation’s main share index closed 0.02 per cent or 1.42 points up at 6,736.02, from the lowest since ...
crisis amongst themselves without pushing the ...
The Economy has been developed amidst local as well as foreign challenges. The President has called on the people to be united in creating a prosperous future. The President said when the global economy was collapsing the economy of this country was built. While there was a food shortage in the world, the farmers ...
An Interview with SB Dissanayake by Chamitha Kuruppu Admitting the Government has launched a campaign to eliminate JVP-led student movements crippling the university system in the country, Minister of Higher Education S.B. Dissanayake points out such moves should not be...
By Shamindra Ferdinando Prabhakaran’s successor, T. S. Pathmanathan or simply ‘KP’ as he is better known has thrown his weight behind Sri Lanka’s post-LTTE efforts to restore peace in the Northern and Eastern provinces....