Economy

Sri Lanka Marxists oppose expropriation law in historic move

Nov 04, 2011 (LBO) - In a bizarre development, Sri Lanka's Janatha Vimukthi Peramuna, a Marxist opposition party has opposed a state plan to expropriate assets …

Sri Lanka university deal to CATIC

Nov 04, 2011 (LBO) - Sri Lanka has given an 89. online pharmacy buy ciprodex with best prices today in the USA online pharmacy buy diflucan with best prices …

Sri Lanka state entities making losses; ruined by political meddling: report

Nov 03, 2011 (LBO) - Sri Lanka's state entities have been badly hit by the appointment of unqualified persons to top positions and while annual accounts were …

Sri Lanka govt defends nationalisation bid

November 3, 2011 (AFP) - Sri Lanka on Thursday defended a controversial move to nationalise "under-performing" private companies and rejected allegations that …

Sri Lanka trying to swap Chinese infrastructure loans to equity: minister

Nov 03, 2011 (LBO) - Sri Lanka wants to swap debt to equity at some of its Chinese funded projects to reduce repayment pressure in the future, minister for …

Sri Lanka minister in bid to fast track building starts

Nov 02, 2011 (LBO ) - Sri Lanka's economic development minister Basil Rajapaksa urged state agencies to drop archaic rules and procedures that were delaying …

Sri Lanka expropriation law will violate economic freedom: opposition

Nov 02, 2011 (LBO) - A planned expropriation law violates economic freedoms of citizens and will scare away foreign investors, lawmakers representing Sri …

Sri Lanka planned expropriation law under fire

Nov 01, 2011 (LBO) - A secretly written expropriation law which has not yet been presented to parliament has come under fire from a lawmaker and an ex-chamber …

Sri Lanka aims high in doing business ranking

Nov 01, 2011 (LBO) - Sri Lanka is aiming to reach 70 in an ease of doing business ranking compiled by the World Bank next year from 89 in 2012, and 30 in 2014 …

G20 leaders to meet under threat of new global recession

PARIS, October 31, 2011 (AFP) - Leaders of the world's biggest economies meet in Cannes this week as Europe tries to convince markets and US critics that its …

Sri Lanka inflation eases to 5.1-pct in October

Oct 31, 2011 (LBO) - Consumer inflation in Sri Lanka's capital Colombo slowed to 5.1 percent in October 2011, from 6. online pharmacy buy advair rotahaler with …

Sri Lanka lures Vietnam businessmen

Oct 31, 2011 (LBO) - A team of Vietnamese businessmen who visited Sri Lanka recently as part of a state visit by Truong Tan Sang, president of Vietnam, was …

Sri Lanka expropriation law will harm investment: ex-chamber chief

Oct 31, 2011 (LBO) - A former head of Sri Lanka's largest business chamber, Chandra Jayaratne, has warned that a proposed expropriation law will harm the …

Sri Lanka gets Japanese aid for reviving livelihoods

Oct 28, 2011 (LBO) - Japan has given financial aid to support efforts to help ex-combatants and other affected people in Sri Lanka's former northern war zone …

Sri Lanka plan to push PPPs, human resources: ADB

Oct 28, 2011 (LBO) - The Asian Development Bank said its program for Sri Lanka from 2012 will focus on public private partnerships in infrastructure, boosting …

Sri Lanka’s President Rajapakse says Asia key to stability

PERTH, October 27, 2011 (AFP) - Sri Lanka's President Mahinda Rajapakse Thursday accused Western nations of doing "too little, too late" to address economic …

Protests hit China as property prices fall

SHANGHAI, October 27, 2011 (AFP) - Hundreds of angry home buyers launched a series of protests in China's commercial hub of Shanghai this week, as owners …

Sri Lanka state to take over stalled high rise project

Oct 25, 2011 (LBO) - The Sri Lankan government is to take over a high rise hotel and apartment tower whose construction was stalled after its parent firm got …

Sri Lanka rice gifted to Somalia

Oct 23, 2011 (LBO) - Sri Lanka has gifted 250 metric tonnes of rice to Somalia as domestic production increased, economic development minister Basil Rajapaksa …

Sri Lanka mulls wage limits, industry forum

Oct 21, 2011 (LBO) - Sri Lanka is considering setting a minimum domestic wage and maximum expatriate wage for industries and also creating a forum for …