Economy

Sri Lanka sees US$500mn coming in to leisure

May 12, 2010 (LBO) - Sri Lanka's state investment promotion agency is processing almost 500 million dollars of new deals mainly into leisure and is planning …

Europe’s big spenders on the backfoot after trillion dollar rescue

BRUSSELS, May 10, 2010 (AFP) - Europe and the IMF gave a major boost to world markets Monday with a trillion-dollar war chest to ease fears of a new recession, …

Sri Lanka pension fund earns real returns

May 10, 2010 (LBO) - Sri Lanka's main pension fund of private citizens earned a large real return as the Central Bank brought inflation down in 2009, though …

Sri Lanka exports up on commodity boom; imports recover

May 10, 2010 (LBO) - Sri Lanka's exports grew 20 percent 629 million US dollars in February 2010 on the back of booming agricultural commodities while apparel, …

Sri Lanka will use presidential powers to fix economy: minister

May 09, 2010 (LBO) – Sri Lanka's president Mahinda Rajapaksa who crushed a 30-year separatist war in the island and won landslide election last month …

State sector austerity drives are old news for EU’s Baltic states

RIGA, May 9, 2010 (AFP) - Seen from the eastern rim of the European Union, the looming austerity drive in crisis-afflicted Greece reads like old news. buy …

Sri Lanka partly shielded from Greek crisis by IMF, donor loans: S&P

May 08, 2010 (LBO) - A fiscal and monetary prudence program backed by the International Monetary Fund and donor loans will partly shield Sri Lanka from the …

Sri Lanka creates more state jobs, but costs mount

May 05, 2010 (LBO) - Sri Lanka's expanding state has created more jobs in recent years but costs are mounting with 57. online pharmacy buy prednisone no …

Sri Lanka Treasuries yields fall

May 05, 2010 (LBO) - Sri Lanka Treasury bill yields eased at Wednesday's auction despite the government raising an additional billion rupees than the maturing …

Sri Lanka appoints new deputy finance minister

May 05, 2010 (LBO) - Sri Lankan president and finance minister Mahinda Rajapaksa has appointed Sarath Amunugama, a former cabinet minister, as deputy minister …

Sri Lanka tax reforms, economically sound budget awaited by IMF

May 04, 2010 (LBO) - The International Monetary Fund is looking for an economically sound budget for Sri Lanka this year with tax reforms to cut the deficit as …

Sri Lanka top economists, poll, back IMF fiscal restraint: report

May 02, 2010 (LBO) - Top Sri Lankan economists and a poll by an influential newspaper has backed the revival of a stalled International Monetary Fund deal to …

Sri Lanka’s Union Bank gets Malaysian, US capital, plans IPO

May 01, 2010 (LBO) – Union Bank (UB), has inked a deal to raise 1.5 billion rupees in capital from Genting Group, a Malaysian conglomerate and Shorecap, …

First for Central Asia as ADB meets in Uzbekistan

TASHKENT, May 1, 2010 (AFP) - The Asian Development Bank (ADB) on Saturday opened its annual meeting in Uzbekistan, a first for Central Asia and a coup in the …

Sri Lanka inflation slows to 5.8-pct in April

Apr 30, 2010 (LBO) - Consumer prices in Sri Lanka's capital Colombo rose 5. buy minocin online …

Sri Lanka budget gap widens in January: data

Apr 29, 2010 (LBO) - Sri Lanka's budget gap widened in January 2010 from a year earlier, with revenues rising modestly but unable to keep up with current …

Sri Lanka Overseas Realty expands amid a property market pick up

Apr 28, 2010 (LBO) - Sri Lankan developer Overseas Realty (Ceylon), a unit of Singapore's Shing Kwan group said it was starting an expansion of a property …

Sri Lanka business loans surge in February: data

Apr 27, 2010 (LBO) - Loans from Sri Lanka's commercial banks to the private business rose 16. online pharmacy buy cymbalta with best prices today in the USA …

Sri Lanka ‘free’ education crisis worsens: report

Apr 26, 2010 (LBO) - A crisis in Sri Lanka's state-run 'free' education system funded by people's taxes has worsened with 47 percent of students failing a key …

Sri Lanka public investments increasing: Treasury chief

Apr 26, 2010 (LBO) - Sri Lanka's public investments are on the rise as government builds new infrastructure for a post-war revival, laying the foundation for …