Economy

Sri Lanka rubber exporter pinched by export taxes, interest

Aug 29, 2011 (LBO) - Eastern Merchants Plc, an exporter of commodities that claims top spot for natural rubber exports from Sri Lanka said its margins were …

Sri Lanka SOE in new move to clear controversial cement: report

Aug 29, 2011 (LBO) - A state enterprise has tried to again to clear a consignment of cement with a foreign quality certificate adding to a controversy where …

Sri Lanka India venture in US$200mn development

Aug 27, 2011 (LBO) - Sri Lanka's Rank Holdings, a group which has interests in gaming, power and logistics, is planning a 200 million US dollar hotel and …

Sri Lanka cement crisis continues amid price controls

Aug 24, 2011 (LBO) - Sri Lanka's construction industry is facing a shortage of about a million 50 kilogram sacks of cement a month, a media report said as …

HK inflation ‘to worsen’ beyond 16-year high

HONG KONG, August 23, 2011 (AFP) - Hong Kong's inflation has hit a 16-year high and economists warned Tuesday there are signs it will worsen in coming months …

China seeks to protect Libya trade ties

BEIJING, August 23, 2011 (AFP) - China hopes its "mutually beneficial" multi-billion dollar trade links with oil-rich Libya will continue, it said Tuesday …

Gold hits record above $1,900 an ounce

HONG KONG, August 23, 2011 (AFP) - Gold soared above ,900 an ounce in Hong Kong for the first time on Tuesday as dealers flocked to the safe haven asset due to …

Sri Lanka land sales should be transparent: lawmaker

Aug 20, 2011 (LBO) - Sri Lanka's state land sales to private developers must be transparent and all available land must be listed online to boost investor …

Sri Lanka targets deficit of 6.2-pct in 2012

Aug 19, 2011 (LBO) - Sri Lanka will budget for a deficit of 6. buy trazodone online buy trazodone generic 2 percent of gross domestic product in 2011 down from …

Sri Lanka first half foreign direct investment US$413mn: Central Bank

Aug 19, 2011 (LBO) - Sri Lanka's foreign direct investment for the first half of 2011 reached 413 million US dollars putting the country on track for a full …

Sri Lanka credit expands faster than expected, policy rates steady

Aug 19, 2011 (LBO) - Sri Lanka's policy interests rates are held steady at 7. online pharmacy buy abilify with best prices today in the USA buy naprosyn online …

World population will reach 7 billion this year: study

PARIS, August 17, 2011 (AFP) - The world population will reach seven billion later this year, with increases in the number of people in Africa off-setting …

India and China to lead gold demand: WGC

MUMBAI, August 18, 2011 (AFP) - Gold, at record-breaking levels as global economic worries mount, will see sustained demand from key markets India and China …

Building booms in Sri Lanka president’s home town

HAMBANTOTA, August 17, 2011 (AFP) - When the 2004 Asian tsunami hit Sri Lanka, the sleepy fishing region of Hambantota was flattened and 3,000 people perished. …

Sri Lanka central bank relaxes forex controls

Aug 17, 2011 (LBO) - Sri Lanka's central bank has relaxed some exchange controls allowing citizens and foreign residents to engage in a series of forex …

Sri Lanka cement supplies disrupted amid price controls

Aug 16, 2011 (LBO) - Sri Lanka's cement supplies remain disrupted amid price controls and posturing by rulers and the co-operative sector involved in another …

Sri Lanka youth seeking Korean jobs already working: think tank

Aug 15, 2011 (LBO) - A snap survey by a Colombo based think tank among thousands of young Sri Lankans queuing up to find jobs in Korea have revealed that a …

Economic leadership at crux of turmoil: World Bank

SYDNEY, August 14, 2011 (AFP) - World Bank chief Robert Zoellick said Sunday that investors had lost confidence in the economic leadership of several key …

Buyers from Sri Lanka, India, China eye lakefront land

Aug 13, 2011 (LBO) - Prime land facing a lake in Sri Lanka's capital Colombo is being eyed by buyers from India, China as well as large local business groups …

Sri Lanka urban agency plans Colombo JV development

Aug 11, 2011 (LBO) - Sri Lanka's Urban Development Authority will call proposals for a joint venture commercial development in a nine acre state land in the …