ECONOMYNEXT – A new study to revive the economy of Sri Lanka’s war-ravaged northern province said efforts to set up industries in the region, still struggling to recover 10 years after the Tamil Tiger separatist rebellion was crushed, had failed. The Northern Province has one million people of the island’s total population of 21 million with the percentage living below the … [Read more...] about Sri Lanka’s post-war northern industrialisation effort failed: report
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Sri Lanka : Managing fiscal deficits can increase investments in health and education in Sri Lanka
* Managing fiscal deficits can increase investments in health and education in Sri Lanka - World Bank Thu, Feb 21, 2019, 08:17 pm SL Time, ColomboPage News Desk, Sri Lanka.Sri Lanka must reduce its fiscal deficits to create the space for critical investments in health, education and social protection. Feb 21, Colombo: What happens when a population pyramid no longer resembles … [Read more...] about Sri Lanka : Managing fiscal deficits can increase investments in health and education in Sri Lanka
Sri Lanka’s January tea export shipments up 13-pct
ECONOMYNEXT – Sri Lanka’s tea exports in January 2019 rose almost 13 percent or by 2.7 million kilos to 23.6 million kilos from a year ago, brokers said. Tea bags and packeted tea have shown a growth during the period under review, while bulk tea exports decreased, Forbes & Walker Tea Brokers said. Total tea export revenue rose 17.5 percent or by three billion rupees to … [Read more...] about Sri Lanka’s January tea export shipments up 13-pct
Big change in Sri Lanka govt spending seen needed
ECONOMYNEXT – A structural change is needed in Sri Lankan government spending, nearly half of which now goes for salaries and interest payments, with more expenditure required on education, health and infrastructure, a senior official said. “Total government spending has been falling to a manageable level but we need to change its composition,” said C. J. P. Siriwardena, Deputy … [Read more...] about Big change in Sri Lanka govt spending seen needed
Red clay roofing tile industry urges govt. to relax excessive red tape blocking raw material sourcing – Daily Mirror
Says excessive red tape hikes production costs Number of active clay roofing tile plants down to 200 By Nishel FernandoSri Lanka’s red clay roofing tile industry recently urged the government to reduce excessive regulations and procedures in place with regard to sourcing their main raw material—clay— which has hiked the cost production, driving over 200 clay roofing … [Read more...] about Red clay roofing tile industry urges govt. to relax excessive red tape blocking raw material sourcing – Daily Mirror
World Bank commends the progress of Sri Lanka poverty alleviation programs
* World Bank commends the progress of Sri Lanka poverty alleviation programs Sat, Feb 16, 2019, 01:34 pm SL Time, ColomboPage News Desk, Sri Lanka. Feb 16, Colombo: The World Bank has commended the progress achieved in the programs launched by Sri Lanka to alleviate poverty among rural masses. World Bank Vice President South Asia Region Dr. Hartwig Schafer, who is … [Read more...] about World Bank commends the progress of Sri Lanka poverty alleviation programs
KKS port area to be made vibrant economic hub: PM – Daily Mirror
Prime Minister Wickremesinghe and Ports Development Minister Sagala Ratnayaka taking a look at the development planPic by Pradeep Pathirena Prime Minister Ranil Wickremesinghe said step would be taken to develop a vibrant economic hub around the Kankesanthurai harbour that would be transformed into a commercial port with Indian assistance.Wickremesinghe visited the … [Read more...] about KKS port area to be made vibrant economic hub: PM – Daily Mirror
Hutch signs BOI agreement to invest US $ 115mn – Daily Mirror
From Left: Hutch Head of Legal Sharmini Jayasuriya, CFO Lalith Fernando, Finance and Operations Advisor Bandhunath De Alwis, CEO Thirukumar Nadarasa CEO Hutch, BOI Director General Champika Malalgoda Director and Senior Deputy Director-Legal, Shama Herath Hutchison Telecommunications Lanka (Pvt) Ltd (Hutch) signed a supplementary agreement with the Board of Investments … [Read more...] about Hutch signs BOI agreement to invest US $ 115mn – Daily Mirror
Better pubic asset management with Sri Lanka govt move to accrual accounting
ECONOMYNEXT – Public assets will be managed better with the Sri Lankan government’s planned shift to accrual accounting, from cash-based accounting today, the head of the public sector wing of the Institute of Chartered Accountants of Sri Lanka said.“Large amounts of resources are spent on capital assets in government which are not properly accounted for and reported – … [Read more...] about Better pubic asset management with Sri Lanka govt move to accrual accounting
Northern Sri Lanka port to be developed with Indian aid to handle general cargo
ECONOMYNEXT – Sri Lanka is to develop the northern Kankesanthurai (KKS) harbour with Indian aid to enable it to berth general cargo ships and handle exports and imports, Prime Minister Ranil Wickremesinghe said.The government aims to develop a “vibrant economic hub” around the Kankesanthurai harbour that would be transformed into a commercial port, he said after a visit to the … [Read more...] about Northern Sri Lanka port to be developed with Indian aid to handle general cargo
