Sri Lanka clearing VAT refunds backlog, govt revenue recovering: Treasury Secy
May 22, 2007 (LBO) – Government revenue is improving and the Inland Revenue Department hopes to clear most of the backlog in value added tax refunds in …
Central Bank of Sri Lanka steadfast on low inflation and economic stability: Governor
May 22, 2007 (LBO) – Sri Lanka's Central Bank will diligently pursue its aim of economic and price stability and not finance the budget deficit with …
Sri Lanka central bank expects to meet June reserve money target ‘comfortably’
May 22, 2007 (LBO) – Sri Lanka will reach the June reserve money target 'comfortably' with interest rates at current levels, the Central Bank said in its …
New Port
May 21, 2007 (LBO) – Four investor groups have sent in bids to build the infrastructure and do the dredging for the Colombo Port Expansion Project, a new …
Tourist arrivals to Sri Lanka continue to slide fighting escalates
May 21, 2007 (AFP) - The number of holidaymakers visiting Sri Lanka fell by nearly 20 percent in the first four months of this year as fighting between troops …
At Last
May 21, 2007 (LBO) – Copies of Sri Lanka’s new Companies Act can now be downloaded from the Web and are available at the government publications …
Oil-rich Iran to ration petrol to get out of subsidy fiasco
TEHRAN, May 21, 2007 (AFP) - Oil-rich Iran is to delay a plan, scheduled to be implemented on Wednesday, to ration petrol and raise pump prices that is …
China makes equity investments from forex reserves
BEIJING, May 21, 2007 (AFP) - A new Chinese investment company charged with handling the nation's bulging reserves has agreed to invest three billion dollars …
Kuwait cuts loose from sinking dollar
KUWAIT CITY, May 20, 2007 (AFP) - Kuwait on Sunday pegged its dinar to a basket of international currencies after more than four years of linking the local …
Oil exporting Iran prints enough money to drive inflation to 17%
TEHRAN, May 20, 2007 (AFP) - Iran's inflation is set to rise to 17 percent this year with money supply growth continuing to soar, the central bank said on …
Sri Lanka hunt for Moody replacement
May 19, 2007 (AFP) - World Cup runners-up Sri Lanka have formally started looking for a replacement for outgoing cricket coach Tom Moody, officials said here …
Four dead in fresh violence in Sri Lanka
May 21, 2007 (AFP) - Four members of Sri Lanka's security forces were killed and five wounded in separate attacks by suspected Tamil Tiger rebels on Monday, …
Sri Lanka inflation may spike a little, but continue to fall: Central Bank
May 21, 2007 (LBO) – Though Sri Lanka's inflation will continue to fall with tight monetary policy, there may be spikes due to administered price rises …
G11 admits two great sins; promise “fiscal prudence and sound monetary policies” in future
SHUNEH, Jordan, May 19, 2007 (AFP) - G11 developing countries agreed at a summit Saturday on a framework to push for cooperation with G8 industrialised nations …
Sri Lanka rebels say no peace talks until fighting stops
May 20, 2007 (AFP) - Sri Lanka's separatist Tamil rebels on Sunday vowed never to return to peace negotiations unless the government halts a military campaign …
Six killed in Sri Lanka fighting
May 20, 2007 (AFP) - Six people were killed and 10 others were wounded as government troops traded fire with Tamil Tiger rebels in Sri Lanka's war-torn north, …
Sri Lanka’s Tamil Tigers abducted us, say Indian fishermen
CHENNAI, India, May 20, 2007 (AFP) - Eleven southern Indian fishermen who went missing in March returned at the weekend alleging that they had been abducted at …
Technology Edge
May 19, 2007 (LBO) – Information technology has a component that gives the technology a competitive advantage in business, IT specialists say. That …
Middle East WEF to promote peace, economic diversification
SHUNEH, Jordan, May 18, 2007 (AFP) - Jordan's King Abdullah II on Friday opened a three-day Middle East World Economic Forum, urging political and business …
Pakistan beat Sri Lanka by 5 wickets in 1st ODI
ABU DHABI, May 18, 2007 (AFP) - Pakistan beat Sri Lanka by five wickets in the 1st ODI here on Friday after a superb 73 off just 34 balls from Shahid Afridi. …