Economy

Sri Lanka outlook on ‘B’ sovereign rating lifted to ‘positive’: S&P

Oct 15, 2009 (LBO) - Standard & Poor's has lifted the outlook on Sri Lanka's 'B' sovereign rating to 'positive' from 'stable' expecting that a program with the …

Dollar weakens, gold, oil, Euro soars

NEW YORK, October 13, 2009 (AFP) - The dollar faced more headwinds Tuesday and the euro leapt to a new 2009 high on the greenback, as rising economic …

Sri Lanka asks expats help rebuild war-hit regions

October 12, 2009 (AFP) - Sri Lanka on Monday announced plans to tap its expatriate community to help rebuild the island's war-ravaged areas and encourage …

Sri Lanka central bank holds rates amid low inflation

Oct 13, 2009 (LBO) - Sri Lanka's Central Bank is holding its main policy rate steady at 10. online pharmacy buy diflucan with best prices today in the USA buy …

Sri Lanka post-war prospects scouted by US firms

Oct 13, 2009 (LBO) - American firms are scouting for business opportunities in post-war Sri Lanka in anticipation of accelerated economic growth, officials …

Indonesia detains 260 Sri Lankan migrants: police

BANTEN, October 11, 2009 (AFP) - Indonesia detained about 260 Sri Lankan migrants in the Sunda Strait between Java and Sumatra while attempting to make their …

Investors reap peace dividend in Sri Lanka

October 11, 2009 (AFP) - Sri Lanka's small stock exchange has become one of the world's top performing bourses as investors reap the peace dividend from the …

‘New’ IMF faces rough road toward bigger role

ISTANBUL, October 7, 2009 (AFP) - The IMF gained new stature as global lender at annual meetings with the World Bank in Istanbul that ended Wednesday, but is …

Sri Lanka can avoid foreign pressure by putting economy right: think tank

Oct 09, 2009(LBO) - Sri Lankan can avoid foreign pressure tied to aid or trade concessions by putting its own economic house in order through better …

Sri Lanka ‘B+’ rating confirmed, outlook raised to stable: Fitch

Oct 09, 2009(LBO) - Fitch Ratings said it has lifted the outlook on Sri Lanka's 'B+' sovereign rating to 'stable' from 'negative' on the end of a war and a …

Sri Lanka private sector seen ‘strangled’ by regulations

Oct 08, 2009 (LBO) - Sri Lanka's private sector is being strangled by a plethora of regulations and corrupt and inefficient bureaucrats and politicians that …

Sri Lanka delays budget till polls over

Oct 07, 2009 (LBO) - Sri Lanka will delay its budget for next year, usually presented to parliament in November until national polls scheduled for the first …

Gold price hits record high on report to ditch dollar

LONDON, October 6, 2009 (AFP) - The price of gold struck an all-time high Tuesday as the dollar fell on a news report of a plan by Gulf states to stop using …

Australia first advanced economy to lift rates since crisis

SYDNEY, October 6, 2009 (AFP) - Australia on Tuesday became the first advanced economy to raise interest rates since the global financial crisis and promised …

Sri Lanka economic report out: IPS

Oct 05, 2009 (LBO) - Sri Lanka's Institute of Policy Studies has released its annual analysis of the country's economy looking at the impact of a downturn in …

Sri Lanka budget 2010 likely delayed

Oct 02, 2009 (LBO) - A decision on delaying Sri Lanka 2010 budget and seeking parliamentary approval for spending in the interim, would be made latest by next …

Sri Lanka accepts UN criticism of camps: minister

October 1, 2009 (AFP) - Sri Lanka on Thursday said it accepted much of the United Nations' recent criticism over its handling of 250,000 Tamils detained in …

Sri Lanka plantations industry demands former benefits

Oct 01, 2009 (LBO) - Sri Lanka's plantations industry is demanding the release of funds taken as an export tax and is asking to treated as exporters under the …

Sri Lanka inflation slows to 0.7 percent in September

Sept 30, 2009 (LBO) - Consumer prices in Sri Lanka's capital Colombo rose 0. buy diflucan online diflucan online generic 7 percent in September from a year …

Sri Lanka poor governance hindering productivity: expert

Sept 29, 2009 (LBO) - Poor governance, weak institutions, high inflation, high interest rates and protectionism, are hindering efforts by Sri Lanka's private …