Economy

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 to change price index basket next year

Dec 19, 2009 (LBO) - Sri Lanka will change the basket of goods in its most widely watched price index from next year and re-base it to reflect consumption …

Sri Lanka war refugee re-settlement gets World Bank aid

Dec 18, 2009 (LBO) - Sri Lanka's war refugee re-settlement efforts will get World Bank fund to re-build infrastructure and economic activities, in the north …

Sri Lanka economy expands 4.2-pct in 3Q: statistics office

Dec 18, 2009 (LBO) – Sri Lanka's economic growth slowed to 4.2 percent in the third quarter of 2009 from 6.3 percent a year earlier, but was up from 2.1 …

Sri Lanka call to end tax exemptions for public servants

Dec 18, 2009 (LBO) - The head of Sri Lanka's top business chamber has called for an end to tax exemptions given to public servants, saying it was unfair by …

Sri Lanka subsidy ideology is a myth: business leader

Dec 17, 2009 (LBO) - Sri Lankan people are being fooled by state subsidies when high inflation triggered by big budget deficits erodes their income, the head …

Sri Lanka forum to help politicians help people

Dec 15, 2009 (LBO) – A public seminar is to be held to educate politicians and their economic advisors on how best to meet the needs of people, ahead of …

Sri Lanka women key beneficiaries of rural road project: ADB

Dec 15, 2009 (LBO) - The Asian Development Bank said it has approved a project to build roads linking isolated rural villages in Sri Lanka that will employ …

Sri Lanka must upgrade accounting rules: experts

Dec 15, 2009 (LBO) – Sri Lanka will have to keep pace with global accounting standards to attract foreign investments as competing regional economies …

Sri Lanka north to put on business expo

Dec 14, 2009 (LBO) - Sri Lanka is to host its first ever business expo in the North of the island, following the end of the country’s over three decade …

Sri Lanka holds policy rates, despite inflation pick up

Dec 14, 2009 (LBO)- Sri Lanka's central bank said it was holding its key policy rate at which money is injected to the economy at 9. online pharmacy buy …

Sri Lanka current account in surplus amid economic slump

Dec 14, 2009 (LBO) - Sri Lanka's external current account is expected to swing into a surplus in 2009, for the first time since 1977, the central bank said, as …

Sri Lanka business says worker training key in former war zone

Dec 11, 2009 (LBO) - Sri Lanka's former war zones in the north and east need vocational training to raise worker productivity, corporate leaders have told a …

Lack of evidence based policy making can be disastrous: Sri Lanka policy forum

Dec 10, 2009 (LBO) - Ad hoc public policy formulation can be disastrous and both China and India are evolving evidence based processes to back effective …

Sri Lanka central bank in 5-year investment horizon for gold

Dec 07, 2009 (LBO) - Sri Lanka is looking at a 5-year horizon for its reserve investments in gold, Central Bank governor Nivard Cabraal said as gold hit …

Sri Lanka back on investment radar

December 6, 2009 (AFP) - Sri Lanka is back on the global investment radar after government forces in May ended a nearly four-decade separatist war with Tamil …

Sri Lanka to rebuild northern town

Dec 04, 2009 (LBO) - Sri Lanka plans to spend 15 billion rupees on rebuilding a northern town that was affected by fighting between security forces and Tamil …

Sri Lanka’s high deficit spending hurt investment capital: analysts

Dec 04, 2009 (LBO) - Sri Lanka's deficit spending, heavy state consumption, opaque monetary and fiscal policies and resulting high inflation has stifled …

Bernanke to face stormy confirmation hearing

WASHINGTON, December 3, 2009 (AFP) - Lawmakers are likely to vent frustration over the economy and bailout of the financial system Thursday at a Senate …

Sri Lanka central bank lashes out at exporters engaging in policy debate

Dec 03, 2009 (LBO) - Sri Lanka's central bank has lashed out at exporters who engaged in a policy debate on the island's exchange rate saying they were …