Economy

Sri Lanka private citizen pension fund promised real returns

Jan 07, 2009 (LBO) - Sri Lanka's largest state-managed pension fund, made out of forced savings of private citizens, will be given returns above inflation an …

Sri Lanka refugees gets emergency help

June 09, 2010 (LBO) - A refugee resettlement program backed by a 65 million US dollar World Bank emergency credit will begin this month, reaching over 100,000 …

Sri Lankan farmers link up with private companies for better prices

Jan 06, 2009 (LBO) - Sri Lankan farmers in Anuradhapura have linked up with supermarket chains Keells and Plenty Foods, giving them better prices and steady …

Sri Lanka central bank warns against reckless spending

Jan 05, 2010 (LBO) - Sri Lanka may be forced to print money and send inflation up again unless the state avoids reckless spending, which also takes away …

Sri Lanka economy to grow 3.5-pct in 2009: CB Governor

Jan 04, 2010 (LBO) – Sri Lanka’s economy is expected to grow by 3.5 percent in 2009 after it slowed down owing to global recession, with revenue …

Sri Lanka targets 5 to 6-pct inflation in 2010

Jan 04, 2010 (LBO) - Sri Lanka is targeting 5 to 6 percent average inflation by end-2010 allowing the country's base money to grow by 14.buy cipro online buy …

Sri Lanka govt deceiving people on taxes: TI

Jan 01, 2010 (LBO) – Sri Lanka’s government should ensure greater public awareness of taxes it imposes on the people and not deceive them through …

Sri Lanka inflation accelerates in December

Dec 30, 2009 (LBO) - Consumer prices in Sri Lanka's capital Colombo rose 4. online pharmacy buy spiriva inhaler with best prices today in the USA 8 percent in …

Sri Lanka Jaffna peninsular revival driven by road link

Dec 30, 2009 (LBO) - At a remote fishing village in Sri Lanka's northern Jaffna peninsular a fisherman tells a group of officials from a state-run commercial …

Sri Lanka gets World Bank funds for rural village

Dec 28, 2009 (LBO) – The World Bank (WB) has approved 75 million dollars to fund the second stage of community development and livelihood improvement …

Sri Lanka to pay ‘interest subsidy’ to senior citizens as rates fall

Dec 28, 2009 (LBO) - Sri Lanka will give '20 percent bonus' interest for senior citizens as interest rates fell steeply over the past year on a scheme …

Asia’s decade reoriented the world: analysts

HONG KONG, December 27, 2009 (AFP) - Explosive growth in economic and political power ensured that the past 10 years set the foundations for what many analysts …

Sri Lanka opposition presidential candidate defends economic prowess

Dec 26, 2009 (LBO) - Sri Lanka's opposition presidential candidate, a former military general, defended his ability to manage the economy in a future …

Sri Lanka labour force growth to lag region

Dec 26, 2009 (LBO) – Sri Lanka's labour force has grown an average 1.0 percent from 1990 to 2008, and is projected to grow by only 0.3 percent a year …

Sri Lanka gets Chinese funds to build international airport

Dec 25, 2009 (LBO) - Sri Lanka has signed up 410 million US dollars of funding from China including money to build an international airport in the south of the …

Sri Lanka opposition state salary hike promise a big burden on people: minister

Dec 24, 2009 (LBO) - A steep state worker salary hike promised by opposition presidential candidate Sarath Fonseka would require 132 billion rupees to be …

Sri Lanka in talks with ADB on emergency loan

Dec 23, 2009 (LBO) - Sri Lanka is seeking a 150 million dollar emergency assistance loan from the Asian Development Bank that could help start urgent projects, …

Sri Lanka to get $350mn ADB aid next year

Dec 21, 2009 (LBO) - Sri Lanka is to get about 350 million US dollars of aid from the Asian Development Bank next year, much of it going for the north and east …

Sri Lanka firms should look overseas for expansion: corporate leader

Dec 21, 2009 (LBO) - Sri Lankan businesses are compelled to look overseas to expand sales as the domestic market is too small, a senior corporate executive …

Sri Lanka gains service sector jobs in 3Q: official survey

Dec 21, 2009 (LBO) - Sri Lanka has generated 234,000 service sector jobs in the third quarter of 2009 from a year earlier, though 89,000 jobs were lost in …