Economy

Sri Lanka budget revenues on track, expenses up in July

Sept 20, 2010 (LBO) - Sri Lanka's state revenues were on track with a projected budget for the first seven months to July 2010 but current expenses have …

Sri Lanka probes negligence after dynamite depot blast

KARADIYANARU, September 18, 2010 (AFP) - Sri Lankan authorities on Saturday probed negligence as a possible cause of a powerful blast at a dynamite depot in …

Global brands face growing labour militancy in Asia

DHAKA, September 19, 2010 (AFP) - Global retailers fleeing China's rising labour costs now find themselves facing growing pressure for higher wages in …

Sri Lanka begins clearing after major accidental blast

KARADIYANARU, September 18, 2010 (AFP) - Sri Lankan authorities Saturday began clearing rubble and wreckage after 25 people were killed in the first major …

Hong Kong gold hits record high

HONG KONG, September 17, 2010 (AFP) - The price of gold struck a record high above 1,280 US dollars an ounce in Hong Kong trade on Friday. buy amoxicillin …

Corruption threatens Indonesia’s economic rise: IMF

JAKARTA, September 17, 2010 (AFP) - The International Monetary Fund warned Friday Indonesia must make fighting corruption a priority if it wants to build on …

Sri Lanka blast death toll revised down to 27: military –

September 17, 2010 - Sri Lanka's military more than halved the estimated death toll from an accidental blast at an explosives depot on Friday, saying 27 people …

Sri Lanka to rebuild fishery harbours in war-torn north

Sept 16, 2010 (LBO) - Sri Lanka will rebuild two fishery harbours in the north of the island as part of a strategy to develop maritime resources in the region …

Sri Lanka economy grows 8.5-pct: statistics office

Sept 16, 2010 (LBO) - Sri Lanka's economy is estimated to have grown by 8.5 percent during the second quarter of 2010 from a year earlier, which is the highest …

Japan intervenes in forex markets for first time since 2004

TOKYO, September 15, 2010 (AFP) - Japan on Wednesday intervened in currency markets for the first time since 2004 in a bid to stem the yen's appreciation …

Sri Lanka securities watchdog halts broker credit

Sept 15, 2010 (LBO) - Sri Lanka's Securities and Exchange Commission has ordered brokering firms to "absolutely refrain" from giving credit for clients to …

Sri Lanka half-year budget deficit on track

Sept 14, 2010 (LBO) - Sri Lanka budget deficit up to June 2010 is on track with projected numbers though deficit monetization in subsequent weeks points to …

Sri Lanka ‘pilot census’ to begin in October

Sept 14, 2010 (LBO) - Sri Lanka's statistics office has completed most of the preliminary work to conduct its first island-wide population count in 30-years …

Cuba to axe one million state jobs

HAVANA, September 14, 2010 (AFP) - Cuba has announced plans to slash one million state jobs and encourage the growth of its emerging small business sector in a …

Sri Lanka rating raised to ‘B+’ by S&P

Sept 14, 2010 (LBO) - Standard & Poor's has raised its long-term foreign currency sovereign credit rating on Sri Lanka to 'B+' from 'B' and the long-term local …

Sri Lanka 83rd in Forbes best countries for business list

Sept 13, 2010 (LBO) - Sri Lanka has been ranked 83rd in the latest Forbes Best Countries for Business list, behind India which was placed 77th but ahead of …

IMF warns of debt menace as recovery slows

WASHINGTON, September 10, 2010 (AFP) - High levels of national debt and a still shaky financial sector threaten to derail the global economic recovery, the IMF …

IMF to sell 400 million dollars’ worth of gold to Bangladesh

WASHINGTON, September 9, 2010 (AFP) - The International Monetary Fund on Thursday announced it would sell 10 metric tons of gold to Bangladesh, worth around …

Sri Lanka investment agency awaits tax policy in budget

Sept 07, 2010 (LBO) - Sri Lanka's state investment promotion agency is waiting for the harmonization of a tax regime in the island following a budget later …

Sri Lanka lake front to be park, entertainment complex: report

Sept 04, 2010 (LBO) - Land around a lake in Sri Lanka's capital Colombo has been earmarked for hotels, a park, a shopping and an entertainment area and will be …