Economy

Sri Lanka’s inflation eases to 2.7-pct in Feb

Feb 29, 2012 (LBO) - Sri Lanka's consumer prices rose 2.7 percent in the 12-months to February 2012, easing from 3. buy zoloft online …

Sri Lanka may see tyranny of markets to be worse than IMF, World Bank

Feb 28, 2012 (LBO) - The pain imposed by the tyranny of markets could be much greater than adjustments caused by the International Monetary Fund or World Bank, …

Sri Lanka exports top US$10bn, record growth in 2011

Feb 27, 2012 (LBO) - Sri Lanka's exports topped 10 billion US dollars in 2011 growing at above 20 percent, a threshold achieved only on eight occasions since …

Sri Lanka to spend US$26mn on fishery fuel subsidies

Feb 21, 2012 (LBO) - Sri Lanka will spend 3. online pharmacy buy spiriva inhaler with best prices today in the USA online pharmacy buy champix with best prices …

Sri Lanka should cut ego boosting state expenses: legislator

Feb 21, 2012 (LBO) - Sri Lanka should cut ego boosting wasteful expenses and close down a loss-making state airline, instead of simply asking people to tighten …

Sri Lanka state officials occupy sugar firm: listed company

Feb 20, 2012 (LBO) - State officials are occupying land of a listed Sri Lankan company, the parent firm of Pelwatte Sugar Industries told shareholders, despite …

Sri Lanka exporter forum on flexible exchange rate

Feb 20, 2012 (LBO) - Exporters Association of Sri Lanka (EASL) will be hosting a forum on flexible exchange rates on February 28, after the Central Bank …

Sri Lanka slain fisherman laid to rest without security forces: report

Feb 19, 2012 (LBO) - A Sri Lankan fisherman slain by police in a protest against a sudden fuel price increase was laid to rest without the presence of the …

Sri Lanka policy reversals seen eroding sentiment

Feb 14, 2012 (LBO) - Recent policy reversals by Sri Lanka's government has dampened investor sentiment and could lead to lower consumer spending, slowing …

Sri Lanka tighter money to keep inflation low: CB Governor

Feb 13, 2012 (LBO) - Sri Lanka has tightened monetary policy and imposed a credit ceiling not only to counter balance of payments pressure but also to keep the …

Sri Lanka hospital chased by two buyers: report

Feb 06, 2012 (LBO) - A hospital built by Golden Key Credit Card Company, a failed Sri Lankan financial firm is being chased by two business groups, but a …

Sri Lanka has to fix SOE losses reduce currency pressure: IMF

Feb 04, 2012 (LBO) - Sri Lanka has to fix losses in key state enterprises as part of polices to slow credit and arrest the loss of foreign reserves, the …

Sri Lanka president warns of external fallout

Feb 04, 2012 (LBO) - Sri Lanka's President Mahinda Rajapaksa warned of possible fallouts from a weak global economy during a speech to mark the island's …

Sri Lanka monetary tightening welcomed by IMF – Update

Feb 03, 2012 (LBO) - A hike in rates and a credit ceiling to rein in loan growth would help narrow a widening external deficit in Sri Lanka, but exchange rate …

Sri Lanka capital’s drainage, wetlands boosted with World Bank credit

Feb 03, 2012 (LBO) - Sri Lanka will boost drainage to reduce flooding and improve the wetlands around the capital Colombo in a 223 million dollar project which …

Sri Lanka mounts an interest rate defence on peg

Feb 03, 2012 (LBO) - Sri Lanka's Central Bank hiked rates by 50 basis points to 9. online pharmacy buy vibramycin with best prices today in the USA online …

Sri Lanka will not curb imports to maintain peg: CB Governor

Feb 01, 2012 (LBO) - Sri Lanka will not curb imports to stabilize the exchange rate, Central Bank Governor Nivard Cabraal said as a peg with the US dollar came …

Sri Lanka central bank clarifies IMF interest rates

Jan 31, 2012 (LBO) - Sri Lanka's central bank said it would only have to pay a higher interest rate for International Monetary Fund loans exceeding 300 percent …

Sri Lanka January inflation slows to 3.8-pct

Jan 31, 2012 (LBO) - Consumer prices in Sri Lanka's capital rose 3.8 percent in January 2012 from a year earlier, slowing from 4.9 percent in December 2011, …

Sri Lanka may not need IMF money: economic minister

Jan 30, 2012 (LBO) - Sri Lanka may not need the remaining 800 million dollars of International Monetary Fund money since reserves are still high, economic …