Economy

Sri Lanka lose 39,000 industrial jobs

Apr 09, 2010 (LBO) - Sri Lanka has lost 39,700 industrial jobs and 136,000 agricultural jobs in the fourth quarter of 2009 from a year earlier but gained …

Sri Lanka expects leisure to loom larger in FDI

Apr 08, 2010 (LBO) - Telecom and power sectors which accounted for 65 percent of foreign direct investment to Sri Lanka in recent years will play a less …

Sri Lanka needs stable economy to progress: CB governor

Apr 06, 2010 (LBO) - Sri Lanka needs a stable economy with low inflation and 'reasonable' interest rates to progress and reduce poverty, after recovering from …

Sri Lanka apparel sector has vacancies: investment chief

Apr 06, 2010 (LBO) - Employment at Sri Lanka's export processing zones have increased 3.7 percent by end 2009 and there are now unfilled vacancies at some …

Sri Lanka economy seen growing 6.5-pct in 2010: central bank

Apr 05, 2010 (LBO) - Sri Lanka's economy will bounce back from the effects of war and global recession with 6. online pharmacy buy strattera with best prices …

Sri Lanka exporters have to face stronger rupee: Treasury Secretary

Apr 05, 2010 (LBO) - Sri Lanka's exporters should get ready to face a steadily strengthening exchange rate and improve productivity to operate in the new …

Sri Lanka lures Tamil diaspora investment for former war zone

Apr 05, 2010 (LBO) - Sri Lanka's investment promotion agency said it has set up an office in the former war zone of northern Jaffna to handle foreign …

Sri Lankan private pension funds encouraged to enter equities: SEC chairman

Apr 02, 2010 (LBO) - Pensions funds operated by private firms would be encouraged to invest more in the stock market and legal hurdles that prevented them …

Sri Lanka govt rules out more protection, subsidies for business

Apr 02, 2010 (LBO) - The Sri Lankan government cannot give more protection and subsidies for local and export businesses who must instead be more productive …

Sri Lanka inflation slows to 6.3-pct in March

Mar 31, 2010 (LBO) - Consumer prices in Sri Lanka's capital Colombo rose 6.3 percent in March 2010 from a year earlier, down from 6.9 percent in February with …

Sri Lanka rating agency takes ex-central banker on board

Mar 31, 2010 (LBO) - Sri Lanka' RAM Ratings said it had appointed Priyanthi Liyanage, a former central banker to its board as an independent director. online …

Sri Lanka Combank shareholder meet canned over quorum

Mar 30, 2010 (LBO) - Sri Lanka's listed Commercial Bank's an annual general meeting of shareholders had not been held Tuesday due to the lack of a quorum, the …

Sri Lanka economy grew 3.5-pct in 2009: statistics office

Mar 27, 2010 (LBO) - Sri Lanka's economy grew 3.5 percent in 2009 pushed by growth in all three major sectors of economic activity, agriculture, industry and …

Sri Lanka and Vietnam can build stronger economic links: envoy

HANOI, Mar 27, 2010 (LBO) - Sri Lankan businesses have opportunities to get into the service sector in fast growing Vietnam while benefiting from Vietnamese …

Sri Lanka gets foreign loans for tourism, roads

Mar 26, 2010 (LBO) - The World Bank has approved a loan of 18 million US dollars to Sri Lanka to develop sustainable tourism, international trade minister …

Sri Lanka businesses told: be prepared, watch warning signs

Mar 24, 2010 (LBO) - Sri Lankan businesses should be prepared for economic downturns and watch for warning signs from other economies to avoid being hurt …

Sri Lanka’s main opposition touts new policies

Mar 23, 2010 (LBO) – Sri Lanka's right wing United National Party (UNP) promises socialist style intervention to fix economic problems by clamping down …

Sri Lanka loosened monetary policy without damage: IMF

HANOI, Mar 23, 2010 (LBO) - Sri Lanka was among the countries that ran counter-cyclical monetary policy in 2009 without damaging fallouts but low income Asian …

Sri Lanka invites investors for township development

Mar 23, 2010 (LBO) - Development of townships around Sri Lanka's capital Colombo offers investors a range of investment opportunities to build infrastructure …

IMF Vietnam forum debates post-crisis way forward for developing Asia

HANOI, Mar 22, 2010 (LBO) - Government officials, international financial institutions and policy researchers are discussing developing Asia's response to the …