Economy

Sri Lanka rupee weakens against Euro helping exporters: Central Bank

Oct 30, 2009 (LBO) - The Sri Lanka rupee has weakened against the Euro and Sterling since November 2008 increasing the edge of exporters to Europe and helping …

Sri Lanka state workers receive billions in subsidized housing credits

Oct 30, 2009 (LBO) - Sri Lanka's state workers have recieved billions of rupees of housing loans at rates as low as 4.0 percent while homeless ordinary …

Sri Lanka inflation accelerates to 1.4-pct in October

Oct 30, 2009 (LBO) - Consumer prices in Sri Lanka's capital Colombo rose 1.4 percent in October 2009 from a year earlier, against 0.7 percent in September, the …

Sri Lanka 2009 end inflation to be 3.5-pct: CB Governor

Oct 29, 2009 (LBO) - Sri Lanka's inflation would be 3.buy vibramycin online buy vibramycin online no prescription 5 percent by end-2009 setting the stage for …

Norway raises rates, first in Europe in crisis

OSLO, October 28, 2009 (AFP) - Norway on Wednesday became the first European country to raise interest rates this year in the global financial crisis, which it …

Sri Lanka central bank in massive liquidity mop up

Oct 28, 2009 (LBO) - Sri Lanka's central bank is engaged in a record mop up of excess liquidity in the banking sector generated foreign from dollar borrowings, …

Sri Lanka doctors, accountants lead brain drain

Oct 25, 2009 (LBO) - Doctors and accountants top the outflow of skilled professionals from Sri Lanka, seeking better opportunities in developed countries, a …

Sri Lanka political stability seen key to foreign investment

Oct 24, 2009 (LBO) - Post-war Sri Lanka's ability to attract foreign investments would depend on how the island resolves minority Tamil grievances, eliminates …

Sri Lanka urged to cut tax breaks

Oct 23, 2009 (LBO) – Sri Lanka should cut down on tax incentives to attract Foreign Direct Investments (FDI) and concentrate on improving the business …

Sri Lanka’s high taxes said to encourage illegal economy

Oct 22, 2009 (LBO) – Sri Lanka's complex tax structure and high rates are working against the government by pushing consumers to move towards the …

Sri Lanka exports picking up: Central Bank

Oct 21, 2009 (LBO) – Sri Lanka's exports, which down 6.7 percent in August from a year earlier were showing a steady month on month rise with a recovery …

Sri Lanka post-war rebuilding to get ADB help

Oct 20, 2009 (LBO) - A senior Asian Development Bank (ADB) has visited Sri Lanka to discuss support for post-war reconstruction in the island, the bank said in …

Sri Lanka draws Singapore investor interest

SINGAPORE, October 19, 2009 (AFP) - Singapore is urging local businessmen to explore investment opportunities in Sri Lanka following the defeat of the Tamil …

Canada intercept boat with 76 migrants believed from Sri Lanka

VANCOUVER, October 18, 2009 (AFP) - A ship suspected of carrying 76 illegal migrants was intercepted in the Pacific Ocean off Canada's west coast, police said …

Sri Lanka boat migrants end hunger strike

MERAK, October 17, 2009 (AFP) - A group of more than 250 Sri Lankan asylum seekers whose boat was stopped in Indonesian waters en route to Australia ended …

Sri Lanka pressed by US on IP protection, GM food

Oct 17, 2009 (LBO) - The United States has asked Sri Lanka, ranked high for software piracy in Asia, to better enforce intellectual property rights and also …

Sri Lanka to present 4-month budget in November

Oct 16, 2009 (LBO) - A four-month mini budget is expected to be presented to parliament in November seeking approval for Sri Lanka's government to spend 362 …

Sri Lanka post-war re-construction draws US firms

Oct 16, 2009 (LBO) - American companies are keen to invest in Sri Lanka with the end of the ethnic war to help rebuild the economy and contribute to national …

Sri Lanka may get US$700mn FDI in 2009: official

Oct 16, 2009 (LBO) - Sri Lanka is in line to receive 600 to 700 million US dollars in foreign direct investment in 2009 and fresh applications are pouring in …

Sri Lanka leader takes aim at international lenders

October 15, 2009 (AFP) - Sri Lanka's president on Thursday accused international financial institutions of placing too heavy a burden on developing nations by …