Economy

Sri Lanka has cut deficit spending, lowered inflation: monetary minister

Sept 25, 2011 (LBO) - Sri Lanka has reigned in deficit spending, allowing inflation and interest rates to ease, giving space for people to engage in growth …

Sri Lanka must seek balance between East and West: economist

Sept 23, 2011 (LBO) - Sri Lanka must improve trade ties with emerging Asian growth centres but not write-off the United States and Europe just because they are …

Fed backs more stimulus, sidesteps pressure

WASHINGTON, September 21, 2011 (AFP) - The Federal Reserve redoubled its efforts to juice the US economy on Wednesday, unveiling a $400 billion stimulus plan …

IMF warns global economy in danger zone

WASHINGTON, September 20, 2011 (AFP) - The global economy has entered "a dangerous new phase," with a recovery that is much weaker than was predicted just …

Sri Lanka will not take all advice that is given: CB Governor

Sept 19, 2011 (LBO) - Sri Lanka will not take all economic advice that is given but chart its own course based on a longer term path, Central Bank Governor …

Sri Lanka policy rates steady, credit expected to slow: Central Bank

Sept 16, 2011 (LBO) - Sri Lanka has kept policy rates steady at 7. online pharmacy buy abilify with best prices today in the USA buy doxycycline online …

Swazi king wants bailout from IMF, World Bank

MANZINI, September 14, 2011 (AFP) - Swazi King Mswati III said Wednesday that the International Monetary Fund and the World Bank should come to his country's …

Sri Lanka, Vietnam mull tractor plant, garment ventures

Sept 15, 2011 (LBO) - Vietnam is considering setting up a tractor plant in Sri Lanka and also joint ventures in garment manufacture, the island's ministry of …

Sri Lanka’s GDP expands 8.2-pct in June quarter: statistics office

Sept 15, 2011 (LBO) - Sri Lanka's economy expanded by an estimated 8. online pharmacy buy abilify with best prices today in the USA 2 percent in the second …

Sri Lanka investments being mulled by Korea

Sept 14, 2011 (LBO) - South Korean firms like Hyundai and LG are interested in exploring investements in shipbuilding and electronics in Sri Lanka, the …

Sri Lanka gets Indian aid for English training

Sept 14, 2011 (LBO) - Sri Lanka is to get Indian aid to improve training in English language skills in the island, seen as a critical need especially in the …

Developing Asia’s growth to slow: ADB

HONG KONG, September 14, 2011 (AFP) - Asia's developing economies will post slower-than-expected growth this year and next as key trading partners reduce …

Sri Lanka waste management, energy may get UNIDO support

Sept 09, 2011 (LBO) - A United Nations industrial development body is considering giving support to Sri Lanka in the areas of waste management and energy, seen …

Sri Lanka currency peg defence by interest rates not advisable: IMF

Sept 08, 2011 (LBO) - The International Monetary Fund is not in favour of mounting an interest rate defence of Sri Lanka's currency peg, but would like to see …

Sri Lanka should stop defending currency peg: IMF

Sept 07, 2011 (LBO) - Sri Lanka should stop defending a dollar peg and allow the domestic currency to respond to market developments, the International …

Sri Lanka exports up 40-pct to July

Sept 05, 2011 (LBO) - Sri Lanka's exports in the seven months to July rose 40 percent to 6,080 million US dollars from a year earlier, with apparel growing 44 …

Sri Lanka graduates take aim for fresh tax grab

Sep 04, 2011 (LBO) - Graduates from Sri Lanka's state universities are taking aim for a fresh tax grab by getting lifetime salaries as state workers, having …

Sri Lanka accountants meet to mull new rules, post-war prospects

Aug 31, 2011 (LBO) - Post-war business opportunities and the transition to new global accounting rules will be among the topics to be discussed at a conference …

Sri Lanka inflation eases to 7.0-pct

Aug 30, 2011 (LBO) - Inflation in Sri Lanka's capital Colombo rose 7. online pharmacy buy periactin with best prices today in the USA buy rotacaps online …

Risk to global economy rising: IMF chief

NEW YORK, August 27, 2011 (AFP) - Risks to the global economy are rising and the tools for supporting it are more limited than they have been in the past, IMF …