Economy

Lower inflation to support Sri Lanka’s sovereign rating: S&P

Aug 17, 2013 (LBO) - A low inflation level maintained by Sri Lanka's central bank is likely to support its credit rating in the future, a senior sovereign …

Sri Lanka to target mid-single digit inflation next year: CB Governor

Aug 16, 2013 (LBO) - Sri Lanka will target mid-single digit inflation from next year from the current single digit, Central Bank Governor Nivard Cabraal said. …

Sri Lanka hopes for current account surplus in BOP after 2016: CB Governor

Aug 16, 2013 (LBO) - Sri Lanka hopes to have a current account surplus in the balance of payments after 2016 Central Bank Governor Nivard Cabraal said. A …

Sri Lanka policy rates kept flat, external sector to be watched

Aug 16, 2013 (LBO)- Sri Lanka has kept policy rates steady in August with inflation moderate but the external sector will be watched closely amid currency …

New Zealand dismisses Sri Lanka Fonterra milk scare

WELLINGTON, August 12, 2013 (AFP) - New Zealand on Monday rejected allegations from Sri Lanka that its dairy products were contaminated with a farm chemical, …

Sri Lanka Fonterra says milk powder safe, but recalling some product

Aug 09, 2013 (LBO) - Sri Lanka's Fonterra unit said it was recalling some product from the market on a health ministry directive but the chemical alleged to be …

Sri Lanka has ‘mamma bear’ forex reserves

Aug 09, 2013 (LBO) - Sri Lanka probably has 'mamma' bear forex reserves an International Monetary Fund official said responding to the official position that …

Sri Lanka’s sovereign rating can be upped on better fiscal, monetary policy: Fitch

Aug 07, 2013 (LBO) - Sri Lanka's credit rating can be upgraded if fiscal and monetary policy improves leading to greater stability and steady growth and more …

Sri Lanka halts sale of baby formula, foreign milk power advertising

Aug 07, 2013 (LBO) - Sri Lanka has halted the sale of imported baby formula following a contamination scare over New Zealand made dairy products and media …

Sri Lanka corporate debt to get boost from S&P

Aug 06, 2013 (LBO) - Standard and Poor's Rating Services said is hosting a forum in Colombo on August 16 amid plans by Sri Lanka to boost the country's debt …

Sri Lanka deficit to move down with lower rates, PPPs: CB Governor

Aug 06, 2013 (LBO) - Sri Lanka's budget deficit will narrow and debt will slow with falling domestic interest rates and public private partnerships in …

Sri Lanka’s faster growth bucking trend: Fitch

Aug 05, 2013 (LBO) - Sri Lanka's economy is growing faster despite a slow global recovery, but the country needs more savings and foreign direct investments to …

Sri Lanka Softlogic appoints risk, retail chiefs

Aug 02, 2013 (LBO) - Sri Lanka 's Softlogic group said it had appointed two senior executives with domestic and international experience to head the group risk …

Sri Lanka calls auctions to mop up liquidity

Aug 02, 2013 (LBO) - Sri Lanka has called auctions to mop 20 billion rupees overnight and sell 9.5 billion rupees in Treasury bills outright after liquidity …

Sri Lanka’s ‘B+’ rating confirmed by S&P; warns on debt, institutions

Aug 01, 2013 (LBO) - Standard and Poor's has confirmed Sri Lanka's 'B+' sovereign rating with a stable outlook but warned on government debt and weak …

Sri Lanka raises fag taxes to boost revenues

July 31, 2013 (LBO) - Sri Lanka has raised taxes on cigarettes to bring in an additional 1. online pharmacy buy zofran with best prices today in the USA 4 …

Sri Lanka raises hard alcohol, beer taxes

July 31, 2013 (LBO) - Sri Lanka has raised taxes on hard alcohol by 75 rupees a litre and beer by 10 rupees per litre along with cigarettes which will help …

Sri Lanka’s inflation up 6.1-pct in July 2013

July 31, 2013 (LBO)- Consumer prices in Sri Lanka's capital Colombo rose 6.1 percent in July 2013 from year earlier easing from 6.8 percent in June, with the …

Sri Lanka tax revenues picking up: Treasury Secretary

July 30, 2013 (LBO) - Sri Lanka's tax revenues are picking up helped by stronger customs collections, Treasury Secretary P B Jayasundera said. online pharmacy …

Sri Lanka hopes to move to budget deficit of 4.0-pct of GDP

July 29, 2013 (LBO) - Sri Lanka is hoping to cut the budget deficit to 4.buy azithromycin online buy azithromycin online no prescription 0 percent of gross …