Economy

Sri Lanka foreign reserves surge to US$5.7bn: Central Bank

Sept 02, 2010 (LBO) - Sri Lanka's foreign reserve surged to 5,731 billion US dollars in June 2010 when counting domestically arranged currency swaps, the …

Euro, yen and emerging currencies gain forex share: BIS

GENEVA, September 1, 2010 (AFP) - The euro, Japanese yen and some emerging market currencies are gaining ground in the foreign exchange market while the dollar …

Sri Lanka trade deficit surges amid economic recovery

Sept 01, 2010 (LBO) - Sri Lanka's exports grew 13.7 percent to 3.6 billion US dollars in the first half of 2010, and imports expanded 42.1 percent amid an …

Sri Lanka Treasury chief backs free trade

Aug 31, 2010 (LBO) - Sri Lanka's finance secretary, a key policy maker in the current administration has backed freer trade which can improve people's …

Sri Lanka inflation at 5.0-pct in August

Aug 31, 2010 (LBO) - Consumer prices in Sri Lanka's capital Colombo rose 5. online pharmacy buy flagyl with best prices today in the USA buy bactroban online …

Japan’s consumer prices slide, unemployment falls

TOKYO, August 27, 2010 (AFP) - Japan's consumer prices continued to slide while the unemployment rate fell for the first time in six months in July, the mixed …

US should stay off further stimulus: John Taylor

Aug 26, 2010, Palo Alto (LBO) - Though US economic growth is 'fizzling out' there is unlikely to be a double dip recession and new ad hoc stimulus measures …

Sri Lanka revenue soars after vehicle import tax cut: official

Aug 25, 2010 (LBO) - Sri Lankan government tax revenues have risen sharply after import duties on vehicle imports were slashed, a senior finance ministry …

Sri Lanka IMF programme on track, to get next tranche: official

Aug 23, 2010 (LBO) - An International Monetary Fund (IMF) mission to Sri Lanka said the island's programme with the fund is on track with the government being …

Sri Lanka former war zone economy transformation seen

Aug 20, 2010 (LBO) - Northern Sri Lanka, where education was highly valued before war retarded its growth, has potential to be transformed into a 'knowledge …

Sri Lanka central bank cuts reverse repurchase rate

Aug 20, 2010 (LBO) - Sri Lanka's Central Bank said it has cut its reverse repurchase rate by 50 basis points to nine percent with immediate effect, while …

Sri Lanka gets Japan, ADB help to restore livelihoods of families affected by war

Aug 20, 2010 (LBO) - The Asian Development Bank (ADB) and Japan are providing financial aid to help Sri Lanka restore infrastructure and provide livelihood …

Sri Lanka to get investments from India’s Mahindra group

Aug 18, 2010 (LBO) - India's Mahindra and Mahindra group is planning to make investments in Sri Lanka initially in tourism and financial services and also …

Sri Lanka gets visit by ADB vice president

Aug 18, 2010 (LBO) - Asian Development Bank (ADB) said its Vice President Xiaoyu Zhao will visit Sri Lanka from 19-21 August for talks with the government and …

Sri Lanka private investment mooted to free public money for social spending

Aug 13, 2010 (LBO) - Sri Lanka should consider more private investment in education and health in prosperous areas, freeing public money for investment in …

Sri Lanka to lease prime land, re-settle squatters

Aug 12, 2010 (LBO) - The Sri Lankan plans to develop prime land in Colombo occupied by squatters by leasing some lands and issuing debentures to raise funds …

Sri Lanka advised to improve connectivity to prosperous areas

Aug 10, 2010 (LBO) - The World Bank has advised Sri Lanka to change its development approach and improve access of people to prosperous parts of the country …

Sri Lanka central bank warns of more shocks, urges policy stability

Aug 09, 2010 (LBO) - Sri Lankan Central Bank governor Nivard Cabraal warned possible economic shocks in future could take different forms and urged …

Sri Lanka gets US help for business in former war zone

Aug 02, 2010 (LBO) - The United States aid agency has tied up with Sri Lankan businesses to set up clothing, construction and computing ventures that will …

Sri Lanka to lean on banks to lend, cut taxes: official

July 30, 2010 (LBO) - The Sri Lankan government intends to reduce taxes further and put pressure on commercial banks to lend more to the private sector, Sarath …