Economy

Sri Lanka expropriations will hurt investment: Fitch

Nov 16, 2011 (LBO) - Sri Lanka's new law to expropriate 37 businesses would discourage investment and hurt growth, despite the state promising that it would be …

Sri Lanka to allay expropriation fears

Nov 15, 2015 (LBO) - Sri Lanka will explain to Moody's, a rating agency that expressed alarm over policy uncertainty and deteriorating property rights, that …

Sri Lanka expropriation law slammed in newspaper poll

Nov 13, 2011 (LBO) - An overwhelming 98.4 percent of respondents in a newspaper poll found fault with a law to selectively expropriate some three dozen firms …

Sri Lanka struggling to revive 23 busted state firms: report

Nov 14, 2011 (LBO) - Sri Lanka is struggling to revive 23 troubled state enterprises, with salaries being paid with people's tax money and hundreds of million …

Sri Lankan nationalisation law criticised

November 13, 2011 (AFP) - Sri Lanka's new law to nationalise "under utilised" private firms could shatter investor confidence and push the country into …

Sri Lanka could cooperate more with South Asia on tax: experts

Nov 13, 2011 (LBO) - Sri Lankan tax authorities should cooperate more with South Asian counterparts to be more vigilant of tax evasion by cross-border …

Sri Lanka BOI deletes page promising freedom from expropriation

Nov 11, 2011 (LBO) - Sri Lanka's Board of Investment, the state investment promotion agency, has deleted a page which 'guaranteed' investors freedom from …

Stocks, euro tumble as crisis envelops Italy

NEW YORK, November 9, 2011 (AFP) - Worries that an Italian financial collapse could crack the eurozone sent markets tumbling Wednesday, with losses topping …

Asian markets slump amid global fears for Italy

HONG KONG, November 10, 2011 (AFP) - Asian stock markets slumped on Thursday after Wall Street suffered a pummelling, with a surge in Italy's borrowing costs …

Sri Lanka’s central bank buys New York property

Nov 09, 2011 (LBO) - Sri Lanka's central bank has bought property in New York as part of a move to establish overseas offices where the foreign reserves are …

Sri Lanka ruling coalition partner balks at expropriation bill: report

Nov 08, 2011 (LBO) - Sri Lanka's Jathika Hela Urumaya, a Buddhist monks' party which is a partner of the ruling coalition is unhappy with an expropriation …

Sri Lanka court stays war-zone new land registration process

Nov 09, 2011 (LBO) - A controversial new way to register land in Sri Lanka's former war zones outside established procedure has been stayed by the island's …

Sri Lanka exports may be affected by US, EU slow down: report

Nov 09, 2011 (LBO) - Stagnation in the United States and European Union might slow demand for Sri Lanka's exports and a shift away from such reliance to new …

Sri Lanka hit by regime uncertainty

Nov 08, 2011 (LBO) - Sri Lanka's investment prospects would be hurt by sudden changes in policy and laws relating to property rights and investment returns …

Sri Lanka’s large chambers want expropriation bill deferred

Nov 08, 2011 (LBO) - Sri Lanka's large business chambers have urged the state to defer a hastily drawn up law to expropriate three dozen business ventures …

Sri Lanka unit of Singapore firm listed for expropriation

Nov 07, 2011 (LBO) - A convention centre run by a Singapore-based firm in Sri Lanka's capital Colombo has been listed for expropriation in a controversial bill …

Sri Lanka military to build 5-star hotel, float construction firm: report

Nov 07, 2011 (LBO) - Sri Lanka's military is looking for land in Colombo to build a five star hotel and will also float a construction firm to bid for state …

Sri Lanka post-war hopes hit by nationalisation ‘blow’

November 6, 2011 (AFP) - Sri Lanka's president has vowed to turn his war-battered nation into the "miracle of Asia," but a controversial new nationalisation …

Sri Lanka sugar mill blockaded, director assaulted ahead of expropriation

Nov 05, 2011 (LBO) - A sugar mill in Sri Lanka slated for expropriation has been blockaded by ruling party activists and there was no police protection its …

Sri Lanka business chambers endorse expropriation bill

Oct 05, 2011 (LBO) - Sri Lanka's large business chambers have tacitly endorsed a draft law to expropriate assets of several businesses on a promise that it …