Economy

Sri Lanka ‘BB-‘ rating confirmed, foreign debt, deficits high: Fitch

Apr 28, 2014 (LBO) - Fitch Ratings has confirmed a 'BB-' rating on Sri Lanka with a stable outlook on strong economic growth but said state debt was over twice …

Economic sanctions on Sri Lanka not in UK’s interest: envoy

Apr 25, 2014 (LBO) - Economic sanctions on Sri Lanka are not in the interests of his country, and movers of a UN resolution are expecting progress which would …

Sri Lanka parliament approves tax breaks for Crown, JKH resorts

April 25, 2014 (LBO) - Sri Lanka's parliament has approved tax breaks for integrated resorts by Australia's Crown group and Colombo-based John Keells group. …

New Zealand hikes interest rates again

WELLINGTON, April 24, 2014 (AFP) - New Zealand's central bank lifted interest rates for the second time in as many months on Thursday, saying it was necessary …

Sri Lanka gives tax breaks to US$220mn sugar refinery

Apr 23, 2014 (LBO) - Sri Lanka has given a 10 year tax holiday to a 220 million US dollar sugar refinery by the Hambantota port including tax free salaries for …

Sri Lanka gets natural disaster credit from World Bank

Apr 24, 2014 (LBO) - Sri Lanka has been given a 102 million US dollar credit line that can be drawn immediately after a natural disaster, as well as another …

Sri Lanka rates unchanged; lower state borrowings to boost credit: Central Bank

Apr 22, 2014 (LBO) - Sri Lanka's central bank held policy rates unchanged in April saying reduced central government and state enterprise borrowings has …

Sri Lanka Italy businesses in forum with Harsha

Apr 22, 2014 (LBO) - Sri Lanka-Italy Business Council, of the Ceylon Chamber of Commerce said it is hosting a forum on 'post war dividends' where Harsha de …

Sri Lanka inspiring entrepreneur: innovation comes from within

Apr 22, 2014 (LBO) - An inspiring Sri Lankan entrepreneur who broke into a global supply chain in precision tech components for the automobile industry says …

Sri Lanka could have credit upgrade on lower budget deficit, external debt: Fitch

Apr 16, 2014 (LBO) - Sri Lanka's sovereign credit could be upgraded on a steadily narrowing budget deficit and a lower external debt burden, which were weaker …

Sri Lanka firms short of workers, over 10,000 working on tourist visas: President

Apr 13, 2014 (LBO) - Sri Lankan firms are asking to employ more foreign workers to fill labour shortfalls, with over 10,000 working in the country on tourist …

Sri Lanka sovereign bond will not impact exchange rate: CB Governor

Apr 10, 2014 (LBO) - Sri Lanka's 500 million US dollar sovereign bond sale this week will not impact the exchange rate as the Central Bank is expected to buy …

Sri Lanka’s interest rates “appropriate” to current conditions: CB Governor

Apr 09, 2014 (LBO) - Sri Lanka's interest rates "appropriate" to current conditions where returns particularly on deposits of senior citizens have fallen …

Sri Lanka’s central bank in record loss; ‘profits’ transferred to budget

Apr 09, 2014 (LBO) - Sri Lanka's central bank lost 24.2 billion rupees in 2013, down from profits of 66. online pharmacy buy ciprodex with best prices today in …

Sri Lanka expects 7.8-pct growth in 2014 despite drought

Apr 08, 2014 (LBO) - Sri Lanka is expecting 7. online pharmacy buy strattera with best prices today in the USA online pharmacy buy abilify with best prices …

Sri Lanka courts Thai investors

Apr 03, 2014 (LBO) - Sri Lanka is seeking more investors from Thailand, the state investment promotion office said following an investor meeting in Bangkok …

Sri Lanka technical education, female participation to be boosted: ADB

Apr 02, 2014 (LBO) - The Asian Development Bank said it is giving a 100 million dollars loan to Sri Lanka to boost technical education and female participation …

Delegation from China’s Guangdong province visit Sri Lanka

Apr 02, 2014 (LBO) - A high powered delegation from China's Guangdong provincial government had visited Sri Lanka and had expressed interest in fish …

Sri Lanka’s lower inflation, narrowing budget deficit to boost growth: ADB

Apr 01, 2014 (LBO) - Sri Lanka's current relatively low inflation and a narrowing budget deficit will boost investment and growth helped by recovering exports …

Sri Lanka inflation unchanged at 4.2-pct in March

Mar 31, 2014 (LBO) - Sri Lanka's consumer prices rose 4.2 percent in the 12-months to March from a year earlier, with inflation unchanged from the 4. buy …