Economy

Sri Lanka disclosure rules help propel rise in business ranking

Oct 21, 2011 (LBO) - Tighter corporate disclosure rules helped propel Sri Lanka up the ease of doing business rankings, moving it closer to the target ranking …

Sri Lanka to improve local government taxation, licensing

Oct 21, 2011 (LBO) - The Asian Development Bank has given Sri Lanka a 59 million US dollar loan to ensure balanced regional development that includes …

Sri Lanka moves up in doing business ranking: World Bank, IFC

Oct 20, 2011 (LBO) - Sri Lanka has become an easier place to do business rising nine places to 89 over the past year in a global 'doing business' ranking …

Some economists push Fed to target nominal GDP

WASHINGTON, October 20, 2011 (AFP) - Frustrated by the moribund US recovery, a growing number of economists are pushing the Federal Reserve to adopt an …

Sri Lanka to buy UK steel bridges with HSBC finance

Oct 20, 2011 (LBO) - Sri Lanka will buy 210 steel bridges from UK's for 35 million sterling pounds with financing from HSBC and state-run People's Bank, …

Sri Lanka raises defence spending

October 18, 2011 (AFP) - Sri Lanka on Tuesday announced it would raise defence spending by over five percent in 2012, more than two years after the government …

Protesters camp in London, Frankfurt after clashes

LONDON, October 16, 2011 (AFP) - Hundreds of protesters camped out in London, Frankfurt and Amsterdam on Sunday, with some vowing to settle in for the long …

Anti-capitalist protests spread as predicted by Austrian school

Oct 17, 2011 (LBO) - Anti-capitalist protests have spread to several European capitals from the US, with protestors converging on financial districts, in a …

Sri Lanka lakefront ‘linear park’ development nears kick off: official

Oct 14, 2011 (LBO) - Work on a 'linear park' for recreation and night life bordering Beira Lake in Sri Lanka's capital Colombo will begin early in 2012, a …

Sri Lanka and Vietnam ink oil deals

Oct 14, 2011 (LBO) - Sri Lanka and Vietnam can expand trade and investment in petroleum, telecoms, agricultural machinery and fisheries, visiting Vietnam …

Sri Lanka spending to be upped 15-pct in 2012: preliminary data

Oct 14, 2011 (LBO) - Sri Lanka plans to spend 1,640 billion rupees in capital and current expenditure in 2012 up 15.buy desyrel online buy desyrel online no …

Sri Lanka urban agency to offer land in former war-zones

Oct 12, 2011 (LBO) - Sri Lanka's Urban Development Authority which was focussing on the capital Colombo will offer state lands in former war-zones for …

Vietnam President to ink economic, defence deals on Sri Lanka visit

Oct 12, 2011 (LBO) - Vietnam President Truong Tan Sang will begin a three day-state visit Thursday which will see economic and defence related bilateral …

US duo win Economics Nobel for macroeconomic work

STOCKHOLM, (AFP) - US researchers Thomas Sargent and Christopher Sims won the 2011 Nobel Economics Prize on Monday for their work on macro-economics and …

US Nobel economists longtime friends, rivals

WASHINGTON, 2011 (AFP) - Christopher Sims and Thomas Sargent are friendly rivals whose careers have tracked each other's from the time they were Harvard …

Sri Lanka inflation to ease; monetary stance sufficient: Deputy Governor

Oct 10, 2011 (LBO) - Sri Lanka will continue its current monetary stance with inflation expected to moderate, Deputy Central Bank Governor Dharma Dheerasinghe …

British defence minister orders probe into friend’s role

LONDON, October 7, 2011 (AFP) - Britain's defence minister Liam Fox ordered an inquiry Friday into the role of a friend and self-styled adviser after claims …

Sri Lanka equity markets to see net inflow: Deputy CB Governor

Oct 07, 2011 (LBO) - Sri Lanka's equity markets would see a positive inflow by the end of the year as better pricing attracts investors, deputy Central Bank …

Sri Lanka employers’ body offers expertise to regions

Oct 07, 2011 (LBO) - The Employers' Federation of Ceylon, which represents Sri Lankan companies, plans to extend its services to businesses outside the capital …

Sri Lanka should avoid destroying historical buildings: Singapore don

Oct 07, 2011 (LBO) - Sri Lanka should avoid the mistake of destroying historical buildings when cities are modernized and demand for land and real estate …