Economy

Sri Lanka consumer prices rise 9.5-pct to August

Aug 30, 2012 (LBO) - Consumer prices in Sri Lanka's capital Colombo rose 9. online pharmacy buy diflucan with best prices today in the USA buy levofloxacin …

India ups health sector aid to Sri Lanka

Aug 28, 2012 (LBO) - India will build a 200-bed ward complex at Vavuniya hospital in Sri Lanka's north as a fully grant funded 200 million rupee project, the …

Sri Lanka dairy firm eyes former war zones, exports

Aug 28, 2012 (LBO) - Lanka Milk Foods, a unit of Sri Lanka's Stassen group said it was eyeing former war zones in the north and east of the country for …

Sri Lanka Navy arrests over 1,000 Australia bound migrants over three months

Aug 26, 2012 (LBO) - Sri Lanka's Navy said it arrested 98 boat people in two multi-day fishing vessels who were bound for Australia, taking the total arrested …

Sri Lanka JKH ‘AAA(lka)’ rating confirmed

Aug 20, 2012 (LBO) - Fitch Ratings has confirmed an 'AAA(lka)' rating of Sri Lanka's John Keells Holdings, a diversified group which has interests in …

Sri Lanka’s war- torn north records highest economic growth: CB

Aug 10, 2012 (LBO) – Sri Lanka's northern province which had been badly hit by three decades of war had the highest rate of economic growth in 2011 as a …

Sri Lanka’s central bank leaves policy rates unchanged

August 07, 2012 (LBO) - Sri Lanka’s Central Bank Tuesday left its trend setting short-term rates unchanged for the fourth straight month as monetary …

New Sri Lankan book tackles alternatives to revive state firms

August 05, 2012 (LBO) – A Sri Lankan infrastructure specialist is sharing ideas on how loss-making state enterprises can transform themselves into a …

Sri Lanka, India trade deal seen containing deficit

August 04, 2012 (LBO) - A free trade deal between India and Sri Lanka has actually helped stabilise the island's trade deficit with her larger neighbour, a …

Sri Lanka budget under pressure in May, but current gap narrows

August 03, 2012 (LBO) - Sri Lanka's budget continued to be under pressure in May with the gap between total revenues at 119 billion rupees or 1.buy premarin …

India to set up dedicated economic zone in Sri Lanka’s Trincomalee district

August 03, 2012 (LBO) – India has agreed to set-up a dedicated economic zone and to build a pharmaceutical hub in Sri Lanka as part of bilateral ties to …

Sri Lanka’s inflation accelerates to 9.8-pct in July

July 31, 2012 (LBO) – Sri Lanka's consumer prices accelerated to a 15-month high of 9.8 percent in July from a year earlier, as prevailing dry weather …

Sri Lanka energy SOE losses projected at 1.0-pct of GDP

July 28, 2012 (LBO) - Sri Lanka's state energy enterprises will make losses of about one percent of gross domestic product, a lower than 1.75 percent GDP loss …

Sri Lanka rupee weakens, liquidity high

July 27, 2012 (LBO) - Sri Lanka's rupee weakened to 132. online pharmacy buy abilify with best prices today in the USA buy minocin online …

Sri Lanka citizen activist calls for more budget transparency

July 27, 2012 (LBO) - A Sri Lankan citizen and former top business executive, has called for greater transparency in disclosing budget numbers including …

Sri Lanka’s business climate and free trade can soften Eurozone effect: envoy

July 26, 2012 (LBO)- Sri Lanka can further improve its business climate to propel growth, attract more investors while freeing trade could ease also soften the …

Sri Lanka gets US$437mn in FDI up to May: Central Bank

July 25, 2012 (LBO) - Sri Lanka is estimated to have received about 437 million US dollars in foreign direct investments up to May 2012, while 187 million US …

Sri Lanka’s war torn image still hurting economic prospects: diplomat

July 25, 2012 (LBO) - Sri Lanka needs to improve its image overseas and promote a stable macroeconomic environment to help build bilateral trade links and …

Sri Lanka’s new IMF program to back longer term goals

July 23, 2012 (LBO) - A new two year program to be discussed with the International Monetary Fund will support longer term goals of the administration which …

Sri Lanka in talks with IMF for longer term program

July 22, 2012 (LBO) - Sri Lanka is to begin talks with the International Monetary Fund for an 'Extended Fund Facility' which could result in citizens getting …