Economy

Sri Lanka urban index finds prices rising 20-pct over year

Feb 21, 2013 (LBO) - An index that tracks key essential expenses of urban middle class households in Sri Lanka has found that prices rose more than 20 percent …

Sri Lanka has to catch up on English, IT literacy: UNDP rep

Feb 20, 2013 (LBO) - Sri Lanka is losing an advantage it had in basic literacy and the use of English language with other nations catching up fast and …

Sri Lanka Etisalat creates active market for Android App development

Feb 20, 2013 (LBO) - A marketplace created by Sri Lanka's Etisalat is helping the development and sale of Apps for smart phones based on the Android operating …

Sri Lanka investments eyed by Polish businesses

Feb 14, 2013 (LBO) - Sri Lanka's state investment promotion agency said Polish investors met the agency to assess possible investments in power generation and …

Sri Lanka’s tax-take weakens amid slowdown, exemptions: IMF

Feb 14, 2013 (LBO) - Sri Lanka's tax revenues had fallen below target in 2012 amid an economic slowdown, declining imports and tax exemptions, the …

Sri Lanka seeks US200mn from World Bank for health

Feb 14, 2013 (LBO) - Sri Lanka is seeking a 200 million US dollar credit from the World Bank to improve the health care system and reduce non-communicable …

Sri Lanka economy to grow 6.25-pct in 2013: IMF

Feb 13, 2013 (LBO) - Sri Lanka's economy is expected to grow 6.25 percent in 2013 after dipping to 6. online pharmacy buy cenforce no prescription pharmacy 0 …

Sri Lanka war zones get two hospitals with US support

Feb 13, 2013 (LBO) - Two new hospitals built with American and Sri Lankan government involvement in former war zones in the north had been opened on February …

Sri Lanka should hold policy rates till inflation falls: IMF

Feb 13, 2013 (LBO) - Sri Lanka should freeze policy rates until inflation starts to fall, International Monetary Fund said as the country is going through the …

Sri Lanka will be forced into expensive loans with IMF out: legislator

Feb 13, 2013 (LBO) - Sri Lanka will have to rely on high interest loans from international capital markets and China with the International Monetary Fund …

Sri Lanka drops ‘budget support’ loan with IMF

Feb 12, 2013 (LBO) - Sri Lanka has dropped plans for a new 'budget support' loan program with the International Monetary Fund, the island's central bank said …

Sri Lanka holds policy rates amid higher inflation

Feb 12, 2013 (LBO) - Sri Lanka's central bank held its main policy rate at which money is injected at 9.5 percent in February after cutting rates in December, …

Sri Lanka to develop Trincomalee port city with ADB finance

Feb 08, 2013 (LBO) - Sri Lanka will improve infrastructure in the northeastern port city of Trincomalee with an 85 million US dollar loan from the Asian …

Sri Lanka reduces sudden hike in tea export tax

Feb 06, 2013 (LBO) - Sri Lanka's rulers have reduced a near doubling of an export tax on tea imposed without consultation of the affected parties on a …

Sri Lanka and Luxemburg to avoid double taxation

Feb 02, 2013 (LBO) - Sri Lanka and Luxemburg has signed an agreement to avoid double taxation, the island's embassy in Brussels said. buy flagyl online …

Sri Lanka to rent underground utility ducts

Feb 01, 2013 (LBO) - Sri Lanka will rent space to telecom companies in conduits pre-laid under roads being rebuilt in the capital Colombo under a modernization …

Sri Lanka inflation rises 9.8-pct in Jan 2013

January 31, 2013 (LBO) – Consumer prices in Sri Lanka rose to 9.8 percent in January 2013 from a year earlier accelerating from 9.2 percent a month …

Sri Lanka trade press for simpler taxes

Jan 30, 2013 (LBO) - Sri Lankan trade and tax experts have pressed for further simplification of tax systems, saying that it will help generate more …

Sri Lanka tea exporters protest sudden tax

Jan 30, 2013 (LBO) - Sri Lanka's tea exporters are protesting an export tax that they have found has come into effect from January 23, where a cess on bulk tea …

Sri Lanka mulls rail hauling city waste to limestone pits

Jan 29, 2013 (LBO) - Sri Lanka is mulling a plan to haul solid waste from Sri Lanka's capital Colombo to open pit limestone mines in the northwest of the …