Economy

Sri Lanka faces balance between inflation and growth: IMF

Apr 18, 2011 (LBO) - Sri Lanka faces a balance between inflation and growth, a top International Monetary Fund official said as prices continue to rise and the …

Sri Lanka state worker growth flattens

Apr 17, 2011 (LBO) - The expansion of Sri Lanka state workers seen since 2004 has taken a breather in 2010 reducing a key form of tax banditry practised by …

Sri Lanka ‘pension’ bill opposition increases

Apr 17, 2011 (LBO) - An attempt by the state to deduct further sums money from salaries of Sri Lanka's private sector workers to create a 'pension' has run …

Vietnam ADB meeting to focus on Asian emerging challenges

Apr 14, 2011 (LBO) - Asian Development Bank's annual meeting in Vietnam will focus on rising commodity prices which is hurting Asia's two billion poor, climate …

Sri Lanka could target inflation of 4-7 percent: IMF paper

Apr 14, 2011 (LBO) - An International Monetary Fund policy paper has proposed a forecasting and policy analysis system (FPAS) to help start an inflation …

Sri Lanka central bank had independence in 2010: Treasury secretary

Apr 13, 2011 (LBO) - Sri Lanka's central bank had independence in 2010 and the country moved forward with more prudent fiscal and monetary policies, Treasury …

Inauspicious start for Sri Lanka timekeeping site

April 12, 2011 (AFP) - An official Sri Lankan timekeeping website aimed at synchronising watches and helping locals to obey astrological instructions crashed …

Sri Lanka infrastructure lays foundation for growth: President

Apr 12, 2011 (LBO) - State infrastructure projects in power, ports, roads and water supply, especially in the war torn north and east of the country has laid a …

Sri Lanka fast highway to have special emergency services

Apr 12, 2011 (LBO) - Sri Lanka’s first 100 kilometer per hour expressway from Kottawa in Colombo suburbs to Godagama in Matara in the southern province …

Sri Lanka coercive salary deduction under fire

Apr 11, 2011 (LBO) - An attempt by Sri Lanka's state to deduct a two percent from workers' salaries under to start a 'pension scheme' without any prior …

Sri Lanka budget deficit 7.9-pct of GDP in 2010: central bank

Apr 11, 2011 (LBO) - Sri Lanka's budget deficit fell to 7.9 percent of Gross Domestic Product in 2010 from 9.buy furosemide online buy furosemide online no …

Sri Lanka central bank presses for reforms to state entities

Apr 11, 2011 (LBO) - Reforming Sri Lanka's loss-making public enterprises could help the country cope better with external shocks like high crude oil prices, …

Maldives breaks peg, floats currency in 20-pct band

Apr 11, 2011 (LBO) - Maldives has broken its peg at 12. online pharmacy buy spiriva inhaler with best prices today in the USA buy stromectol online …

Sri Lanka vegetable traders hit by contradictory allegations

Apr 11, 2011 (LBO) - Sri Lanka's vegetable traders who are often accused of keeping prices up through a purchasing 'mafia' have now been accused of lowering …

Sri Lanka commercial rents rising: property firm

Apr 11, 2011 (LBO) - Sri Lanka's commercial rents have risen in 2010 with occupancy levels picking up from a slump in 2009, which saw the end of a 30-year war …

Sri Lanka to get $300mn a year for infrastructure from ADB

Apr 07, 2011 (LBO) - The Asian Development Bank would finance Sri Lanka with about 300 million dollars annually over the next few years, with roads, water …

Sri Lanka and IMF to discuss ways to rope in excess money

Apr 06, 2011 (LBO) - The International Monetary Fund will discuss ways to deal with the excess money in Sri Lanka's banking system in a bid to contain further …

Sri Lanka HSBC, British Council backs students in business

Apr 06, 2011 (LBO) - Sri Lankan students studying at universities, private higher education institutions, vocational and professional bodies can win seed …

Sri Lanka may need monetary tightening: ADB

Apr 06, 2011 (LBO) - Sri Lanka may need monetary tightening later in the year to contain rising inflation and maintain export competitiveness, though growth …

Sri Lanka gets more IMF cash; warned on excess liquidity

Apr 05, 2011 (LBO) - The International Monetary Fund has given Sri Lanka 218. buy rotacaps online …