Archive for December 4th, 2015

Sri Lankan shares edge down; budget proposals a concern for firms

Friday, December 4th, 2015

Dec 4 Sri Lankan shares edged down on Friday, hovering near an eight-month closing low, on worries that the new budget proposals would hit earnings of financial firms. Investor sentiment was also dented following Prime Minister Ranil Wickremesinghe’s warning on Wednesday of lower economic growth in 2016 due to the global slowdown. The main stock […]

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Dr.Harsha de Silva on new foreign policy initiatives or ‘ Economic Diplomacy ’

Friday, December 4th, 2015

Courtesy The Daily Mirror Sri Lanka’s foreign policy was misaligned with the economic policy in the recent past. the country lost the qualification to be a beneficiary of the ‘GSP Plus’      facility due to short sighted foreign policy. Export income which stood around 35% of GDP in 2004 declined to 14% last year.The […]

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IMF Weighs Sri Lanka Call for Loan as Rupee Falls to Record

Friday, December 4th, 2015

bloomberg.com The International Monetary Fund is considering options” for Sri Lanka after foreign-exchange reserves fell to the lowest in two years and the rupee’s drop to a record prompted the nation to seek a loan facility. Sri Lankan Prime Minister Ranil Wickremesinghe this week said the government has informed the IMF of the need to […]

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