Economy

Sri Lanka exports up 7.0 percent, trade expands

Oct 28, 2010 (LBO) - Sri Lanka exports grew 7.0 percent to 760.3 million US dollars in August 2010, with industrial exports up 7. buy bactroban online …

Sri Lanka LOLC buys into construction firm

Oct 28, 2010 (LBO) - Sri Lanka's listed LOLC group and Browns Investments, a private firm, have bought into the island's Sierra group which has interests in …

Sri Lanka has too much foreign reserves: CB Governor

Oct 28, 2010 (LBO) - Sri Lanka has higher than 'optimum' foreign reserves, Central Bank Governor Nivard Cabraal said as a wide interest rate differential with …

Sri Lanka seen slightly less corrupt

Oct 27, 2010 (LBO) - Sri Lanka has marginally improved its score in a global corruption index but governance is still so bad that it ranks among other …

Sri Lanka stockbroker stirs up storm by calling for end to dissent: report

Oct 27, 2010 (LBO) - A call by a stockbroking firm to immediately identify and eliminate "traitors" who may question a "noble" government goal of making the …

Sri Lanka mulls IT use in tax reforms

Oct 27, 2010 (LBO) - A report on reforms to Sri Lanka's complex national and regional taxes has recommended using information technology to make it easier to …

Sri Lanka lifts price controls on rice

Oct 26, 2010 (LBO) - Sri Lanka has lifted price controls on rice originally imposed to prevent a sharp price spike caused by low harvests and state controls …

Sri Lanka reveals haul of civilian gold from war zone

October 21, 2010 (AFP) - The Sri Lankan government has said its troops collected more than four million dollars worth of gold jewellery during the defeat of …

US disruption of China currency will be disastrous: Steve Hanke

Oct 21, 2010 (LBO) - A sudden appreciation of the Chinese currency, which is sought by the US, could disrupt China's economy and the world, rather than …

Sri Lanka ‘re-commitment’ to fiscal prudence hailed

Oct 21, 2010 (LBO) - Sri Lanka has made a 're-commitment' to fiscal prudence and a promotion of public private partnerships is a pragmatic recognition of …

Sri Lanka can have growth, low inflation if budget deficit is tamed: IMF

Oct 20, 2010 (LBO) - Sri Lanka's recently controlled inflation and an economic recovery can be maintained if state deficit spending can be tamed, giving …

Sri Lanka urged to become part of global supply chain

Oct 19, 2010 (LBO) - Sri Lanka must integrate itself with global production processes and markets instead of trying to produce everything itself, W A …

Sri Lanka central bank keeps policy rates unchanged

Oct 19, 2010 (LBO) - Sri Lanka's central bank will maintain benchmark interest rates at current levels as inflation remains low, credit flows are picking up …

Sri Lanka may have 20,000 illegals mainly from Pakistan, India: report

Oct 17, 2010 (LBO) - Sri Lanka may have about 20,000 guest workers, mainly from India and Pakistan working as labourers, domestic workers, cooks and waiters in …

Sri Lanka rulers can set example by paying taxes: ex public servant

Oct 16, 2010 (LBO) - Sri Lanka's rulers can set an example to the people by starting to pay taxes and the increasing privileges of elected officials can …

Sri Lanka mini-hydro firm looks for cash to expand

Oct 15, 2010 (LBO) - Sri Lanka's Hydro Power Free Lanka is looking for 350 million rupees in equity to build three new plants while the firm also has a revenue …

Sri Lanka may trim 25 taxes on business to 15: official

Oct 15, 2010 (LBO) - A report on reforms to Sri Lanka's complex national and regional taxes will recommend consolidating 25 different existing taxes into 15 or …

Sri Lanka 2011 budget process gets underway

Oct 15, 2010 (LBO) - Sri Lanka's 2011 budgeting process will get underway with the presentation of an 'appropriation bill' in parliament on October 19, and …

Singapore pushes currency up to counter dollar inflation

SINGAPORE, October 14, 2010 (AFP) - Singapore on Thursday announced a surprise move to tighten monetary policy, pushing the local dollar to new highs as the …

Sri Lanka should be re-assessed by US business: Asst. Trade Rep

Oct 13, 2010 (LBO) - Sri Lanka should be re-assessed by US businesses after the end of a 30-year war as the country moves forward in a peaceful environment …