Economy

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Sri Lanka budget on November 21

Oct 07, 2011 (LBO) - Sri Lanka's 2012 budget will be presented on November 21 with estimates being prepared with a deficit of 6.2 percent of gross domestic …

Sri Lanka economy has to keep moving for stable society: CB Governor

Oct 06, 2011 (LBO) - Sri Lanka's economy has to move forward without interruption to avoid unrest and instability amid turmoil around the world, Central Bank …

Sri Lankan investments sought by Maldives

Oct 06, 2011 (LBO) - The Maldives is seeking more investments from Sri Lanka, especially in construction, transport and energy, and a credit line offered to …

Sri Lanka facilitating imports with forex reserves for growth

Oct 06, 2011 (LBO) - Sri Lanka's central bank is facilitating imports to maintain growth by selling reserves and not trying to defend a particular exchange …

Sri Lanka’s biggest fund increases equity investments

Oct 06, 2011 (LBO) - The Employees’ Provident Fund (EPF), Sri Lanka's biggest fund with 976 billion rupees in assets and managed by the central bank, has …

Sri Lanka starts reverse repo auction

Oct 05, 2011 (LBO) - Sri Lanka's central bank has announced a 15 billion rupee reverse repo cash auction to inject liquidity which can stabilize spiking rates …

Sri Lanka maintained balance while ensuring growth: CB Governor

Oct 04, 2011 (LBO) - Policymakers must look at an economy as a whole and not focus only on certain aspects, Sri Lankan central bank governor Nivard Cabraal …

Japan urges Sri Lanka post-war reconciliation, reconstruction

Oct 03, 2011 (LBO) - Sri Lanka should continue reconciliation and reconstruction efforts in the former war-torn regions, Japan's envoy to Colombo said after …

Sri Lanka business forum to be addressed by Vietnam President

Oct 01, 2011 (LBO) - Visiting Vietnam President Truong Tan Sang will address a business forum in Sri Lanka's capital Colombo, where a high level delegation of …

Sri Lanka gets flood rebuilding aid from Japan

Sept 30, 2011 (LBO) - Japan is helping Sri Lanka rebuild flood damaged roads and irrigation networks and strengthen capacity to cope with future disasters …

Sri Lanka inflation eases to 6.4-pct in September

Sept 30, 2011 (LBO) - Consumer inflation in Sri Lanka's capital Colombo slowed to 6. buy amitriptyline online https://petalk.com/image/png/amitriptyline.html …

Anti-immigrant policy is ‘suicide’: New York mayor

NEW YORK, September 28, 2011 (AFP) - Visa policies that keep skilled workers from settling in the United States amount to "national suicide," New York Mayor …

Sri Lanka to close prisons for commercial development

Sept 29, 2011 (LBO) - Sri Lanka will shift several prisons in prime city centres including the capital Colombo to make way for commercial development, minister …

Sri Lanka had BOP surplus by end July: Central Bank

Sept 29, 2011 (LBO) - Sri Lanka had recorded a balance of payments surplus of 1,006 million US dollars by July 2011, with official foreign reserves climbing to …

Germany hits out at US as Greece vows action on debt

BERLIN, September 27, 2011 (AFP) - Germany told the United States Tuesday to stop pointing the finger at Europe for its own economic ills while debt-hit Greece …

Sri Lanka rule of law seen key factor in luring investors

Sept 27, 2011 (LBO) - Sri Lanka must ensure that rule of law is maintained especially in commerce if it wants to be considered attractive to foreign investors, …

IMF to increase resources to more than $1 trillion: report

BERLIN, September 25, 2011 (AFP) - The International Monetary Fund may be hoping to increase its financial resources from $940 billion to at least $1.3 …

Sri Lanka export shift to Asia seen difficult

Sept 26, 2011 (LBO) - Sri Lankan exporters face difficulties in trying to shift from traditional markets in the West which are stagnant or growing only slowly …

Sri Lanka IMF talks continuing on stalled review

Sept 25, 2011 (LBO) - Discussions are continuing with Sri Lanka on a periodic review under an International Monetary Fund bailout program which has supported …