Economy

Vietnam lauds role of policy advice, international support, in recovery

Hanoi, Mar 22, 2010 (LBO) - International support and policy advice on macro-economic management has helped Vietnam recover from a slowdown in 2009 and the …

Sri Lanka policy rates frozen amid rising inflation, excess liquidity

Mar 18, 2010 (LBO) - Sri Lanka held policy rates frozen in March as inflation accelerated, central bank financing of the budget deficit increased to new highs …

Sri Lanka calls investments for capital city urban development

Mar 18, 2010 (LBO) - Sri Lanka is inviting investments for a high-rise complex proposed for prime land in the congested city that will be cleared of slums as …

EU in talks with Sri Lanka on maintaining trade privileges

BRUSSELS, March 16, 2010 (AFP) - The European Union wants to work with Colombo to avoid the withdrawal of Sri Lanka's trade privileges with the bloc, under …

Sri Lanka has 10-pct of foreign reserves in gold: WGC

Mar 17, 2010 (LBO) - Gold now makes up 10 percent of Sri Lanka's foreign reserve assets after the country tripled its gold holdings with a purchase from the …

Sri Lanka risk rating seen covering factors outside war

Mar 17, 2010 (LBO) - Getting Sri Lanka a more favourable insurance risk rating involves not just the absence of war but other factors like media freedom and …

Sri Lanka state worker cost climbs to new high

Mar 15, 2010 (LBO) - Sri Lanka state workers took away 57 cents as salaries and wages out of every tax rupee paid by the people in 2009, as the government …

Sri Lanka newspaper poll shows support for IMF, EU stance

Mar 14, 2010 (LBO) - A decision by the International Monetary Fund to suspend its program to Sri Lanka and a European Union decision to lift trade benefits …

Sri Lanka lifts taxes on gold imports

Mar 13, 2010 (LBO) - Sri Lanka has lifted taxes and levies on gold imports from to promote jewellery industries in the country, the central bank said. buy …

Sri Lanka must curb state consumption, inflate less to raise incomes: economist

Mar 12, 2010 (LBO) - Sri Lanka has to curb excessive state consumption, keep inflation low to encourage private savings, and improve governance to draw foreign …

Sri Lanka gets US$67.4mn more from India for railways

Mar 11, 2010 (LBO) - The Export Import Bank of India is giving Sri Lanka 67. online pharmacy buy cymbalta with best prices today in the USA online pharmacy buy …

Sri Lanka gets US$250mn in loans from Japan for power, roads

Mar 11, 2010 (LBO) - Sri Lanka will get 22. online pharmacy buy diflucan with best prices today in the USA buy desyrel online …

Sri Lanka tourist arrivals up 68-pct in February: data

Mar 11, 2010 (LBO) - Sri Lanka tourist arrivals surge 67.7 percent to 57,300 in February 2010 from a year earlier, with steep increases in generating markets …

China’s consumer prices soar to 2.7-pct in February

BEIJING, March 11, 2010 (AFP) - Chinese consumer prices rose for the fourth straight month in February while new lending slowed sharply, data showed Thursday, …

Sri Lanka signs up US$290mn in railway, airport loans from China

Mar 10, 2010 (LBO) - Sri Lanka has signed up 290 million US dollars in financing from China's Exim Bank to build an airport in the south of the island and …

Sri Lankans, other minorities growing in Canada

OTTAWA, March 9, 2010 (AFP) - Canada's ethnic makeup will greatly change in the next 20 years as the number of non-Europeans or "visible minorities" rises to …

Sri Lanka tax system, state consumption hurting private investment: analysts

Mar 10, 2010 (LBO) – Sri Lanka's high income taxes is making local firms weaker against others in developing countries, while a government living beyond …

Sri Lanka CB brought inflation down, but concerns rising: opposition

Mar 09, 2010 (LBO) - Sri Lanka central bank has brought inflation down in 2009 with tight monetary policy but excessive government spending is threatening …

Sri Lanka can build more infrastructure with project specific bonds: rating expert

Feb 09, 2010 (LBO) – Sri Lanka should follow Malaysia's example in selling project specific bonds for infrastructure, which will give confidence that …

Sri Lanka relaxes some forex controls

Mar 08, 2010 (LBO) - Sri Lanka has relaxed several exchange controls relating to opening bank accounts abroad, forward forex cover and imports margin deposits …