Economy

Sri Lanka economic bubble triggered by financial repression for deficits: economist

Sept 14, 2009 (LBO) - Severe financial repression and money printing to finance post-2004 deficits triggered a housing and credit bubble and drove savers to …

Sri Lanka GDP expands 2.1-pct in second quarter

Sept 14, 2009 (LBO) - Sri Lanka's economy expanded 2. online pharmacy buy abilify with best prices today in the USA buy doxycycline online …

Sri Lanka losing to Africa due to ‘political market failure’: economist

Sep 12, 2009 (LBO) - Sri Lanka's tendency to follow policies that hurt the average voter and makes the country lag behind other countries is due to 'political …

Sri Lanka Central Bank cuts policy interest rates by 50bp

Sept 11, 2009 (LBO) - Sri Lanka's Central Bank said it had decided to reduce policy interest rates by 50 basis points each from Friday with the repurchase rate …

Sri Lanka gets US$75mn World Bank credit for villages

Sept 11, 2009 (LBO) - The World Bank has approved a 75 million US dollar credit for village infrastructure development in Sri Lanka to expand its 'Gemi Diriya' …

Sri Lanka lags Pakistan and Maldives in ease of doing business: IFC-World Bank study

Sept 09, 2009 (LBO) - Bangladesh was the top reformer in South Asia in the past year, and Pakistan and Maldives remained in the lead as the easiest places to …

Gold higher, the best bet in uncertain times

PARIS, September 9, 2009 (AFP) - Gold is back in favour, hitting 18-month highs above 1,000 dollars as investors hedge their bets on the dollar in a global …

Bursting economic bubble may have averted greater disaster ahead: Sri Lanka CB chief

Sept 08, 2009 (LBO) - The bursting of a global economic bubble in 2007-2008 may have averted greater disaster ahead, but the global financial community must …

Sri Lanka heads for record deficit despite better revenues in June

Sept 07, 2009 (LBO) - Sri Lanka's state revenues fell 6.15 percent in June from a year earlier, implying an annualized deficit of 10. buy abilify online …

Sri Lanka roads closed to keep economy stable

Sep 06, 2009 (LBO) - Some of Sri Lanka's roads will remain closed despite the end of a 30-year civil war to prevent a post-Soviet style collapse of the …

Sri Lanka non-state sector to bear adjustment burden under IMF deal

Sept 03, 2009 (LBO) - Workers in Sri Lanka's private sector and their workplaces will bear the brunt of an adjustment to stabilize the economy under an …

Sri Lanka jailed reporter named winner of Peter Mackler Award

WASHINGTON, August 31, 2009 (AFP) - J.S. Tissainayagam, a Sri Lankan reporter sentenced Monday to 20 years in prison, has been named the first winner of the …

Sri Lanka August inflation 0.9-pct

Aug 31, 2009 (LBO) - Consumer prices in Sri Lanka's capital Colombo moved up 0.9 percent from a year earlier, compared with 1.1 percent in July, the …

Sri Lanka economists look for recovery at annual parley

Aug 31, 2009 (LBO) - The way forward following the fallout of a global economic slump that triggered a balance of payments crisis and a slowdown in island will …

Sri Lanka promotes investment with Thailand after war

Aug 30, 2009 (LBO) - Sri Lanka is promoting new joint ventures with Thailand after the end of a 30-year war in the island, organizers of an investment …

Sri Lankans ask whether the US is a socialist state

Aug 28, 2009 (LBO) - Sweeping 'nationalization' of collapsing banks, state mandated mortgage lending and centrally planned interest rates has made the USA a …

Sri Lanka columnist shortlisted for Bastiat online journalism prize

Aug 28, 2009 (LBO) - Rohan Samarajiva, who writes Lanka Business Online's 'Choices' column has been shortlisted for the 2009 Bastiat Prize for online …

Sri Lanka war, BOP crisis no longer hurt rating; budgets a problem: Fitch official

Aug 27, 2009 (LBO) - Sri Lanka's internal conflict and a balance of payments crisis that led to a rating downgrade and a negative outlook have now been wiped …

Sri Lanka draws Japanese investor interest

Aug 26, 2009 (LBO) - A 40-member Japanese trade and investment mission is due to visit Sri Lanka in November 2009 following the end of the island's 30-year …

Sri Lanka pro-poor effort hit by political interference: ADB

Aug 26, 2009 (LBO) - Political interference and overlapping functions of government agencies have seriously weakened Sri Lanka's efforts to help the poor and …