Economy

Sri Lanka Central Bank governor in second term

June 17, 2010 (LBO) – Sri Lanka's Central Bank governor Nivard Cabraal has been re-appointed for another six-year term, an official said. He has also …

Sri Lanka gets EU aid for war-torn areas

June 17, 2010 (LBO) - The European Union has allocated 60 million euro (8.4 billion rupees) as aid to Sri Lanka mostly for the island's north and east which …

Sri Lanka holds policy rates steady in June

June 16, 2010 (LBO) - Sri Lanka is holding its main policy rate at which money is injected to the economy steady at 9.75 percent with inflation falling and …

Sri Lanka next forex liberalization wave after budget

June 15, 2010 (LBO) - Sri Lanka will see the next wave of foreign exchange liberalization after the budget, which is due at the end of June, Central Bank …

Sri Lanka budget gap narrows in 1Q 2010

June 14, 2010 (LBO) - Sri Lanka's budget gap has narrowed in the first quarter of 2010, with revenues picking up and the government also keeping a lid on …

Sri Lanka to sell US$275mn in bonds

June 14, 2010 (LBO) - Sri Lanka is rolling over 275 million US dollars in two and three-year government bonds which pay a 6-month month floating rate coupon, …

Sri Lanka should avoid excessive debt: Malaysia’s Mahathir

June 11, 2010 (LBO) – Sri Lanka should target investment led growth and minimize borrowings which could lead to a future debt crisis, former Malaysian …

Sri Lanka growth accelerates: CB Governor

June 11, 2010 (LBO) - Sri Lanka's first quarter growth is likely to be "more than 6.0 percent" allowing year-end growth to reach 7. online pharmacy buy …

Sri Lanka gets Indian aid to rebuild transport infrastructure

June 11, 2010 (LBO) - India will lend about a billion dollars to help develop Sri Lanka's transport infrastructure, rebuilding railways, a port and an airport …

Sri Lanka to sign trade deals with China: official

June 11, 2010 (AFP) - Chinese Vice Premier Zhang Dejiang will hold talks with Sri Lanka's president at the weekend and sign several trade and economic deals, …

IMF warns Asia of spillovers from European crisis

SINGAPORE, June 9, 2010 (AFP) - The IMF warned Asia Wednesday of the potential spillovers of the European debt crisis, saying it could dampen trade, make …

Sri Lanka consumer spending rebounds: FMCG firm

June 09, 2010 (LBO) - Sri Lanka's Hemas group said its fast moving consumer goods (FMCG) division grew revenues at double digit rates in the latest financial …

Sri Lanka’s post-war boom accelerates

June 9, 2010 (AFP) - Sri Lanka's central bank raised its growth forecast for the year on Wednesday, citing strong post-war expansion in reconstruction and …

Sri Lanka outlines spending plans for 2010

June 08, 2010 (LBO) - Sri Lanka will spend at least 202 billion rupees on defence, 87. buy stromectol online …

Sri Lanka must cut business costs to lure investors: World Bank

June 08, 2010 - Sri Lanka's investment climate must be improved and cost of doing business reduced to attract the private investment needed to speed up growth …

Sri Lanka must reduce deficits, debt; contain inflation: World Bank

June 08, 2010 (LBO) - South Asian countries like Sri Lanka must reduce high budget deficits and public debt to gain from the global economic recovery that is …

Sri Lanka firms struggle with rising labour costs: reports

June 06, 2010 (LBO) - A coir factory in a coconut growing northeastern district in Sri Lanka is facing labour problems and a yet another state enterprises is …

Sri Lanka aims for investment grade rating by 2013: CB Governor

June 05, 2010 (LBO) - Sri Lanka is aiming to push its speculative sovereign rating to investment grade by 2013 by fixing government finances, keeping inflation …

Sri Lanka and India should move for closer economic ties: president

June 04, 2010 (LBO) - Sri Lanka and India have an opportunity to move towards closer economic ties as the end of a 30-year war opened up new opportunities, Sri …

Sri Lanka Central Bank releases latest economic, social statistics

June 04, 2010 (LBO) - The Central Bank of Sri Lanka said it has just released its annual publication 'Economic and Social Statistics of Sri Lanka 2010' with …