Economy

Sri Lanka draws Chinese investors

Feb 17, 2010 (LBO) – A Chinese economic delegation from its Yunnan province is visiting Sri Lanka to study the economic and investment climate in Sri …

Sri Lanka policy rates frozen amid debt monetization, inflation

Feb 16, 2010 (LBO) - Sri Lanka has held policy rates steady in February as inflation accelerated, the budget deficit expanded and excess bank reserves were …

Sri Lanka budget deficit hit 8.5-pct of GDP for 10-months

Feb 15, 2010 (LBO) - Sri Lanka's budget deficit has hit an estimated 8.5 percent of gross domestic product (GDP) in the first ten months of the year, despite a …

EU to cut Sri Lanka trade benefits over rights

BRUSSELS, February 15, 2010 (AFP) - European Union nations decided Monday to withdraw preferential trade benefits from Sri Lanka due to "significant …

Sri Lanka IMF program to depend on budget: resident rep

Feb 11, 2010 (LBO) - The International Monetary Fund is looking at the direction of fiscal reforms to be set by a budget in April to continue its program in …

Sri Lanka wraps up US$300mn arms loan with Russia: report

Feb 09, 2010 (LBO) - Sri Lanka has wrapped up a 300 million US dollar loan to buy "armaments and dual purpose technology" from Russia during a visit by …

Sri Lanka to dredge more sea sand

Feb 08, 2010 (LBO) - Sri Lanka will appoint a dredging contractor to bring up three million cubic metres of sea sand to supply the domestic market which is …

Britain to cut number of student visas issued

LONDON, February 7, 2010 (AFP) - Britain is to cut the number of visas it hands out to foreign students in a bid to stop people breaking the rules by working …

Sri Lanka should address fiscal excesses, inflation: S&P

Feb 05, 2010 (LBO) - Sri Lanka's 'apparent lack of urgency' to stop rising inflation and post election spending may put pressure on a deal agreed with the …

Sri Lanka leader calls for unity after poll win

February 4, 2010 (AFP) - Sri Lankan President Mahinda Rajapakse on Thursday issued an independence day call for unity and reconciliation after his victory in a …

Brazil’s fortunes slump on bubble fears, China tightening

SAO PAULO, January 31, 2010 (AFP) - Fears of a speculative asset bubble and moves by China to rein in an overheating economy have taken their toll on Brazil, …

ECB directors must tackle mounting eurozone tensions: analysts

FRANKFURT, (AFP) - European Central Bank policymakers will confront mounting eurozone financial tensions at a meeting Thursday in the face of a brewing crisis …

State debt to become ‘biggest problem’: IMF chief

DAVOS, January 30, 2010 (AFP) - IMF chief Dominique Strauss-Kahn said Saturday that state debt will become the world's biggest economic problem and some …

Sri Lanka gets less bang for capital buck: economist

Jan 30, 2010 (LBO) - Sri Lanka is saving and investing too little and spending too much and the country is also getting less returns than more efficient …

Sri Lanka ready for investors with polls over: BOI chief

Jan 29, 2010 (LBO) - Sri Lanka's state investment promotion agency is standing by to support businessmen who want to start investing now that the polls are …

Sri Lanka policy certainty higher after polls: CB Governor

Jan 28, 2010 (LBO) - Sri Lanka's policy direction is clearer after a President Rajapaksa was returned to power with a bigger majority allowing investors to …

Sri Lanka inflation accelerate to 6.5-pct in Jan

Jan 28, 2010 (LBO) - Inflation in Sri Lanka's capital Colombo accelerated to 6. buy symbicort online …

Sri Lanka on edge as results released

January 27, 2010 (AFP) - President Mahinda Rajapakse has taken the lead in Sri Lanka's tense election, officials said Wednesday, but the opposition said it was …

Sri Lanka heads to polls for tense election

January 25, 2010 (AFP) - Sri Lanka goes to the polls Tuesday in its first post-war presidential election, contested by the men who ended the island nation's …

Sri Lankan Tamils pray for post-election peace

VAVUNIYA, January 26, 2010 (AFP) - Sri Lanka's minority Tamils, for decades in the crossfire between rebels and government forces, hope their potentially …