Economy

Sri Lanka to protect Colombo from floods with Chinese finance

Mar 05, 2010 (LBO) - Sri Lanka will build a flood protection system for parts of the capital Colombo with Chinese funding, a government minister said. buy …

Sri Lanka guarantees Rs50bn in new credit to state entities in 2009

Mar 04, 2010 (LBO) - Sri Lanka has guaranteed 52 billion rupees in credit to state entities in 2009 from state-run banks with loss making energy utilities and …

Sri Lanka state to pay extra to local contractors

Feb 04, 2010 (LBO) - Sri Lanka's government will allow local contractors to bid 15 percent higher than foreign ones in state projects paid for with money …

China leads Sri Lanka foreign lenders in 2009: fiscal report

Mar 03, 2010 (LBO) - China became the top donor to commit aid to Sri Lanka in 2009 lining up more than half the total with 1. online pharmacy buy spiriva …

Sri Lanka think tank highlights regional market prospects

March 02, 2010 (LBO) - Sri Lankan exporters have a virtually untapped opportunity in south Asia's huge market that could compensate for difficulties in …

Sri Lanka employers should have closer dialogue with workers: ILO

Mar 02, 2010 (LBO) – Businesses can ride out economic downturns easier by having stronger relations with their workers through collective bargaining; an …

Sri Lanka overall budget deficit nears 10.3-pct of GDP in 2009

Mar 02, 2010 (LBO) - Sri Lanka's budget deficit for 2009 has exceeded 10.2 percent of gross domestic product (GDP), with a planned 7.0 percent deficit derailed …

Sri Lanka plans 8-pct budget deficit for 2010: fiscal report

Mar 02, 2010 (LBO) - Sri Lanka is planning a budget with a deficit of about eight percent of gross domestic product for 2010, a finance ministry report said, …

Sri Lanka aid donors urged not to give ‘blank cheque’

March 01, 2010 (LBO) - Sri Lanka should not be given a "blank cheque" to revive its war-torn economy unless the political problem that generated the conflict …

IMF backs Sri Lanka central bank stance

Feb 26, 2010 (LBO) - The International Monetary Fund, which put a deal with Sri Lanka on the shelf till at least May on a runaway budget, has backed the …

Sri Lanka inflation gathers speed to 6.9-pct in Feb

Feb 26, 2010 (LBO) - Inflation in Sri Lanka's capital Colombo accelerated to 6. online pharmacy buy estrace with best prices today in the USA buy estrace …

Sri Lanka IMF loan tranche held back on runaway budget

Feb 25, 2010 (LBO) - The International Monetary Fund (IMF) has held back the third tranche of a 2. buy clomiphene online …

Sri Lanka watching inflation: CB Governor

Feb 23, 2010 (LBO) - Sri Lanka is concerned about inflation but is expecting pressure on the monetary system to ease after April following the island's …

World Bank, Shakira join forces to aid young children

WASHINGTON, February 22, 2010 (AFP) - The World Bank and Grammy Award-winning singer Shakira teamed up Monday in a 300-million-dollar joint initiative aimed at …

Sri Lanka urged to be more transparent in business

Feb 23, 2010 (LBO) - The top US diplomat in Sri Lanka said the country should address the issue of greater transparency in business dealings to build investor …

Sri Lanka business loans grows in December: data

Feb 22, 2010 (LBO) - Sri Lanka's loans from commercial banks to private businesses expanded in December 2009 continuing a credit recovery that started in …

Sri Lanka needs more business freedom, says top entrepreneur

Feb 22, 2010 (LBO) - People who are quick witted can develop business opportunities in Sri Lanka by challenging state or private controls and by busting …

Sri Lanka former war zone seen as economic catalyst

Feb 22, 2010 (LBO) - The revival of Sri Lanka's northern and eastern provinces can position them as economic catalysts for the country in the long term, its …

Sri Lanka to stop value added tax refunds to 1700 firms: report

Feb 21, 2010 (LBO) - Sri Lanka's revenue office will stop refunding value added taxes (VAT) to 1725 firms on the grounds that they have not submitted documents …

Fed hikes rate on discount window amid easing financial crisis

WASHINGTON, February 18, 2010 (AFP) - The US Federal Reserve said Thursday it was increasing the interest rate it charged on emergency loans to banks in a move …