The International Monetary Fund downgraded Sri Lanka's growth to 6.7 percent on Wednesday from the 6.8 expected by Sri Lanka's Central Bank, as inflation is expected to hit double figures at 10.1 percent by the end of this year.
The relatively conservative over-estimate by the Central Bank, came after it was forced to downgrade the initial 8 percent predicted forecast.
In 2010 and 2011, Sri Lanka had a growth of 8 percent and 8.3 percent respectively.
For 2013, the IMF predicted that Sri Lanka's growth would remain at 6.7 percent.
The Sri Lankan government has expressed concern over a recent Memorandum of understanding, signed between the US Embassy in Colombo and the Trincomalee Urban Council, to establish an ‘American Corner’, a public information centre.
[more]
Sri Lanka’s Criminal Investigation Department (CID) has interrogated members of the German NGO the Friedrich Naumann Foundation, for allegedly working beyond its legal mandate.
[more]
A Sri Lankan military soldier is suspected to have perpetrated the rape of a 7 year old girl in Nedunkeni, Vavuniya, reports Uthayan.
The incident led to a protest by local Tamils, demanding that the culprit be arrested.
[more]
Defence Secretary Gothabaya Rajapakse has warned the government of the consequences in case the TNA wins the Northern Provincial Council polls, due to be held later this year.
[more]
A ruling government coalition party, the Jathika Hela Urumaya (JHU), have submitted a motion proposing a 19th amendment to the Sri Lankan constitution, earlier on Thursday.
[more]
Sri Lanka's Public Relations and Public Affairs Minister, Mervyn Silva, has decided to launch a hotline for public complaints, reports Colombo Page. The hotline would allow the user to choose their language of choice,
[more]
Amidst discontent over Sri Lanka's hosting of the Commonwealth Heads of Government Meeting (CHOGM), Sri lanka will launch a campaign to ‘promote’ the Colombo ahead of the meeting.
[more]
Print Article
E-mail Article
Feedback On Article