Economy

Sri Lanka policy uncertainty deterring investment: ADB

April 16, 2012 (LBO) - Private investment in post-war Sri Lanka has not risen as anticipated because it still lacks a "predictable policy environment" which …

World has to restore sound public finances sooner or later: IMF’s Lagarde

Apr 13, 2012 (LBO) - The world has to restore sound public finances, while some are forced to cut deficits fast others have to do it slowly, Christine Lagarde …

Sri Lanka CEOonline resource centre launched

Apr 11, 2012 (LBO) - An online resource centre with the participation of prominent business leaders, chief executives, academics and economists has been …

Sri Lanka state enterprises urged to adopt market pricing

April 11, 2012 (LBO) - Sri Lanka's central bank has called on loss-making state enterprises to ensure financial viability by better management and market …

Sri Lanka aims at forex reserves of 4.5 months of imports: CB Governor

Apr 10, 2012 (LBO) - Sri Lanka would aim to maintain foreign reserves equal to 4. online pharmacy buy doxycycline with best prices today in the USA buy …

Sri Lanka unemployed down to 4.2-pct: data

Apr 10, 2012 (LBO) - Sri Lanka's unemployment fell to 4.2 percent in 2011 from 4.9 percent a year earlier with more people being employed in agriculture and …

Sri Lanka revenue crunch continues in 2012

Apr 09, 2012 (LBO) - High state spending is continuing to put pressure on the economy with billions of rupees being printed in April to meet expenses on top of …

Sri Lanka to spend Rs89bn on war zones, rapid normalcy: President

Apr 09, 2012 (LBO) - Sri Lanka is planning to spend 89 billion rupees to re-build former war zones in the north and the east in 2012 to bring the areas to …

Sri Lanka had 38-months of low inflation: CB Governor

Apr 07, 2012 (LBO) - Sri Lanka has had single digit inflation for the past 38-months and no crisis in the banking system, despite a short-term weakening of the …

Sri Lanka hikes policy rate by 75bp to curb credit

Apr 05, 2012 (LBO) - Sri Lanka raised its key policy rate by 75 basis points to 9. online pharmacy buy diflucan with best prices today in the USA buy xifaxan …

Sri Lanka grows 8.3-pct in 2011

Apr 05, 2012 (LBO) - Sri Lanka's economy grew 8. online pharmacy buy ciprodex with best prices today in the USA online pharmacy buy spiriva inhaler with best …

Sri Lanka hid vital information, ran into brick wall: legislator

Apr 04, 2012 (LBO) - Sri Lanka has suppressed information, ignored warnings from independent analysts, manipulated data and markets until the economy ran into …

Sri Lanka trade controls take IMF by surprise

Apr 04, 2012 (LBO) - Sri Lanka's sudden hike in car taxes has taken the International Monetary Fund by surprise, and the lender would like to see tighter …

Sri Lanka IMF bailout loan resumed; US$426mn loaned for reserves

Apr 03, 2012 (LBO) - The International Monetary Fund said it will give 426 million US dollars to Sri Lanka, resuming its suspended bailout loan, after …

Sri Lanka may end forex interventions by May: CB Governor

Apr 03, 2012 (LBO) - Sri Lanka expects to end all interventions in forex markets by end May with forex sales for oil payments already less than planned, …

Sri Lanka raises automobile import taxes

Mar 31, 2012 (LBO)- Sri Lanka has slapped new taxes of as much as 100 percent of import value on some imported cars, but raised taxes on hybrid cars at a lower …

Sri Lanka raises tobacco, alcohol taxes

Mar 31, 2012 (LBO) - Sri Lanka's finance ministry said it had raised taxes on tobacco, alcohol and beer, including higher import duties on imported beer, which …

Sri Lanka on track to get IMF tranche next week

Mar 30, 2012 (LBO) - Sri Lanka is on track to resume a loan program with the International Monetary Fund next week, with preliminary data showing that action …

Sri Lanka inflation jumps to 5.5-pct in March

Mar 30, 2012 (LBO) - Inflation in Sri Lanka's capital Colombo accelerated to 5.5 percent in the 12 months to March 2012 up from 2.7 percent in February with …

Sri Lanka seen ‘priority destination’ for Indian investment

Mar 30, 2012 (LBO) - Indian companies are keen to invest in Sri Lanka with the island's Expo 2012 international trade drawing a large group of Indian …