Sunday Observer Online


Sunday, 3 January 2016


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Marriage Proposals
Government Gazette
Pilgrims to Kataragama, a popular religious town for Hindu and Buddhist devotees, would never miss offering flowers to the deities. Here a flower vendor patiently waits for buyers. Pic: Wimal Karunatilleke

Devalued rupee widens trade deficit to US$ 6m

Foreign remittances from expatriate workers will further plummet this year due to the aggravating Middle East crisis fuelled by violence by the Islamic State, said economic analysts who predicted a bleak year for emerging economies with the anticipated slow down in economic growth in developed countries.

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Fall in oil prices, a boon to consumers, bane to investors

While a fall in global oil prices to unprecedented levels last year was a blessing in disguise to consumers it dealt a severe blow to energy sector investors who incurred heavy losses on shares. The Wall Street ended its final day of 2015 down, marking its worst annual performance in seven years.

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ETCA to boost economic ties :

Sri Lanka-India bilateral trade almost $ 5 b

Bilateral trade between India and Sri Lanka is close to $5 billion at present. The Indo-Sri Lanka Economic and Technology Corporation Agreement (ETCA) is expected to give a major boost to economic ties. The government is pursuing a 'social market economy' giving priority to competitiveness and social justice in trading and business, Deputy Minister for Foreign Affairs," Harsha de Silva told Sunday Observer Business.

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