Economy

Sri Lanka aims for 8.5% growth in 2011

Jan 04, 2011 (LBO) - Sri Lanka is aiming for economic growth of 8.5 percent in 2011 after growing eight percent in 2010 and expects growth to accelerate to …

Sri Lanka rupee strength helps rein in inflation: CB

Jan 03, 2011 (LBO) - The strengthening of the Sri Lanka rupee helped rein in inflation which was kept at a mid-single digit level in 2010, the central bank …

Sri Lanka inflation 6.9-pct in December

Dec 31 2010 (LBO) - Sri Lanka's inflation in December 2010 rose 6. online pharmacy buy abilify with best prices today in the USA 9 percent from a year earlier …

Sri Lanka says met IMF December targets for loan disbursement

Dec 30, 2010 (LBO) - Sri Lanka has met key targets in December under a deal with the International Monetary Fund to qualify for further loan disbursements, …

Sri Lanka’s chicks, nuts and sex workers

Dec 29, 2010 (LBO) - Serious shortages of essential food forced Sri Lanka's government to import chicken, onions and coconuts, but a survey by health …

Sri Lanka creates management entity for state firms ahead of listing

Dec 24, 2010 (LBO) - Sri Lanka has set up a management company to manage several defunct state enterprises prior to a listing of a partial stake on the Colombo …

Sri Lanka tax refund delays worry Japanese investors

Dec 24, 2010 (LBO) - Japanese investors are keen to invest in post-war Sri Lanka but firms already operating in the island are concerned about delays in …

Sri Lanka to get cheaper World Bank credit for several years

Dec 22, 2010 (LBO) - Sri Lanka would get cheap World Bank credit for at least three years, while the country re-builds infrastructure after a 30-year war and …

Sri Lanka has good economic prospects, if deficits are cut: World Bank

Dec 19, 2010 (LBO) - Sri Lanka has good growth prospects if deficit spending can be reduced allowing the economy to be stable, and can also expect more …

Sri Lanka to get funding from higher cost window: World Bank

Dec 18, 2010 (LBO) - Sri Lanka has qualified to get loans from a higher cost window of the World Bank amid rising incomes, which will double access to annual …

Sri Lanka economy expands 8.0-pct in 3Q, 2010: Statistics office

Dec 16, 2010 (LBO) - Sri Lanka's economy has expanded 8. online pharmacy buy abilify with best prices today in the USA buy cenforce online …

Sri Lanka policy rates steady as inflation rise

Dec 14, 2010 (LBO) - Sri Lanka's central bank said it was holding rates steady at 7. online pharmacy buy abilify with best prices today in the USA 25 and 9.00 …

Sri Lanka budget, reforms on track, inflation rising: IMF

Dec 14, 2010 (LBO) - Sri Lanka's 2010 state spending is on track with a planned 8.0 percent of gross domestic product deficit, and a new budget for next year …

Sri Lankan firms tap unemployed youth in lagging region

Dec 14, 2010 (LBO) - Sri Lankan companies seeking to fill vacancies held a job fair in the southern Wellawaya region, an economically neglected part of the …

Sri Lanka said keen on public-private partnerships

Dec 13, 2010 (LBO) - Sri Lanka is keen on partnerships between the public and private sectors in developing its economy, the International Finance Corporation, …

Sri Lanka spice firm registers trademark over McDonalds objection: report

Dec 12, 2010 (LBO) - Lanka Spice Limited, a Sri Lankan-based spice firm has successfully registered its trademark 'McCurrie' over objection of McDonalds, a …

Sri Lanka policy consistency seen needed for investor confidence

Dec 11, 2010 (LBO) – Sri Lanka should have consistent government policies to increase private sector confidence to invest more in the economy which in …

Sri Lanka to borrow USD760mn for roads from China

Dec 09, 2010 (LBO) - Sri Lanka will borrow 760 million US dollars from two state-banks in China to upgrade more than one thousand kilometres of roads in the …

Sri Lanka labour unions kept pacified: CB governor

Dec 08, 2010 (LBO) - Sri Lankan government efforts to prevent labour trouble in recent years despite tough economic conditions should be considered part of its …

Sri Lanka beaten by China in Asian outsourcing race: IBM report

Dec 07, 2010 (LBO) - Sri Lanka and China are emerging as key destinations for services investments, while Phillipines has overtaken India as the top ranked …