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Budget lacks medium and long-term policy
direction for investors, say economists:
Interim budget, a mixed bag of benefits
The public have hailed the interim budget as it
has a bonanza for government servants and consumers but economists
said that there is no policy direction for the economy for the
medium and long term. Dr. Sirimal Abeyrathne of the Department of
Economics of the University of Colombo,
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Shady transaction exposed
Exorbitant cost, violation of tender procedures
and corruption in the sale of properties and contracts for major
mega infrastructure projects launched by Mahinda Rajapaksa regime
are now being exposed. Deputy Economic Development Minister Harsha
de Silva last week lodged a complaint at the Commission,
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Move to boost money circulation
The interim Budget presented by the new
Government last week was hailed as a people-friendly and
pro-development budget by the business community and the public who
have been waiting long for reductions in food prices which
skyrocketed in recent months.
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Lanka needs to project itself as an IT-BPO destination
Sri Lanka is fast emerging as a global IT–BPO
destination in the world. However, it is necessary to promote and
enhance the significant contribution that digital technology can
make to Sri Lanka’s economic prosperity, Chairman Federation of
Information Technology Sri Lanka.
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Sri Lanka achieves record tea exports
Sri Lanka Customs data analysed by Siyaka
Research confirms that Sri Lanka exported a record 327.8 million
kilograms in 2014 up three percent compared to the 2013 figure of
319.6 million kg. The previous record was 322.5 million kg shipped
in 2011.
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ESCAP to support new development phase in Lanka
The new Government has brought fresh hopes to
all Sri Lankans. ESCAP is ready to help Sri Lanka, Director, Trade
and Investment Division, ESCAP, Dr Ravi Ratnayake told Industry and
Commerce Minister Richard Bathiudeen when he met the Minister in
Colombo last week.
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