Economy

Sri Lanka expects 6.0-pct growth from 4Q: CB Governor

Nov 12, 2009 (LBO) - Sri Lanka's economic growth is projected to touch 6. online pharmacy buy cymbalta with best prices today in the USA online pharmacy buy …

Sri Lanka’s top general quits: military source

November 12, 2009 (AFP) - Sri Lanka's top general, Sarath Fonseka, the architect of the army's victory over Tamil rebels who was switched to a more ceremonial …

Sri Lanka’s boat people: Dying to strike it rich

MARAWILA, November 11, 2009 (AFP) - For 50 young Sri Lankans who had paid up to 1,500 dollars each for the chance of a new life, a five-week voyage in the hold …

Sri Lanka state to recruit 17,000 unemployable graduates

Nov 11, 2009 (LBO) - Sri Lanka's government is to recruit 17,000 graduates from state universities unemployable in productive sectors, expanding an already …

Sri Lanka’s central bank battles inflation expectations

Nov 11, 2009 (LBO) - Sri Lanka's central bank is in a battle to dampen high public inflation expectations after capping price rises in the island's capital …

Sri Lankans should ask for single digit wage hikes: Treasury official

Nov 11, 2009 (LBO) - Sri Lankan workers should ask for to 3.0 to 5.0 percent annual wage hikes with the Central Bank targeting low inflation in the future, the …

Sri Lanka IMF country report released

Nov 10, 2009 (LBO) - The International Monetary Fund (IMF) has released country report and staff papers covering the background and economic analysis leading …

Sri Lanka agriculture, fishing revive in former war zone

Nov 10, 2009 (LBO) - Farmers and fishermen have been among the main borrowers under a Sri Lankan government loan scheme to revive economic activity in the …

Sri Lanka at “moderate risk” of external debt distress: IMF

Nov 10, 2009 (LBO) - Sri Lanka has a "moderate risk" of external debt distress over the 2009-14 period, an International Monetary Fund staff analysis has said. …

Sri Lanka trade unions reject government pay hike

Nov 10, 2009 (LBO) – Labour unions in several key state-owned utilities have rejected a government offer of a pay hike and said they would start a …

Sri Lanka to keep lid on defence spending in 2010

Nov 09, 2009 (LBO) - Sri Lanka is planning to keep defence spending for 2010 at 2009 levels in rupee terms, and divert money spent on military activities to …

Sri Lanka needs stable foreign reserves: IMF

Nov 09, 2009 (LBO) - Sri Lanka needs stable foreign reserves collected from current account transactions as 'borrowed reserves' flowing into Treasuries markets …

Gold price hits record high as dollar wanes

LONDON, November 9, 2009 (AFP) - Gold prices hit a record above 1,100 dollars on Monday with the dollar weakening after a pledge by G20 countries to keep …

South Asian broadband stuck in international bottleneck: study

CHENNAI, Nov 09, 2009 (LBO) – South Asian surfers get slower and less reliable broadband internet connections for every dollar spent despite compared to …

Sri Lanka passes IMF loan hurdle, despite failing fiscal target

Nov 07, 2009 (LBO) - The International Monetary Fund (IMF) has approved a 413.4 million US dollar tranche under its stand by loan, despite the government …

Gold price hits record after ‘Sri Lanka purchase’

LONDON, November 6, 2009 (AFP) - The price of gold hit a record high above 1,100 dollars an ounce in trading here on Friday following a report that Sri Lanka …

Sri Lanka fiscal discipline key to economic growth: report

Nov 04, 2009 (LBO) - Fiscal discipline by Sri Lanka's government will be critical to ensure economic recovery and sustained, high growth anticipated with the …

Sri Lanka tables interim budget

Nov 03, 2009 (LBO) - Sri Lanka has presented an interim plan to parliament ahead of polls expected in the first quarter of 2010 seeking permission from …

Sri Lanka should import proven leadership talent: business executive

Nov 03, 2009 (LBO) – Sri Lanka should consider importing people with proven track records to run government as native leaders have consistently failed to …

US helps Sri Lanka’s former rebels

October 30, 2009 (AFP) - The United States on Friday announced funding for up to 1,000 former Tamil guerrillas to reintegrate in society by starting their own …