Economy

Sri Lanka regional economic disparities narrowing: Central Bank

July 13, 2009 (LBO) - Regional economic disparities in Sri Lanka declined further last year although the Western Province continued to dominate with 45.4 …

Sri Lanka creates new top military posts: official

July 12, 2009 (AFP) - Sri Lanka on Sunday named its first ever chief of defence staff and created the post of national security adviser to the president as …

Australia intercepts boat with 73 Sri Lankans: report

July 12, 2009 (LBO) - Australia has intercepted a boat with 73 Sri Lankan asylum seekers who have now been transferred to a detention centre in Christmas …

Sri Lanka power output, diesel sales down in April

July 12, 2009 (LBO) - Sri Lanka's electricity generation in April 2009 fell 2.2 percent to 773 million units (GigaWatt hours) from a year earlier, while diesel …

Sri Lanka school dropouts doing great service to nation: minister

July 11, 2009 (LBO) - Dropouts from Sri Lanka's education system are doing a greater service to the nation than those who have had a free education from the …

Sri Lanka says US assured no blocking of IMF loan

July 9, 2009 (LBO) - Sri Lanka has received an assurance from a US diplomat that its application for a loan from the International Monetary Fund (IMF)) would …

Sri Lanka foreign aid pipeline narrows

July 8, 2009 (LBO) - Sri Lanka's foreign aid pipeline from Western nations showed signs of narrowing amid deteriorating relations, though draw downs of …

Sri Lanka state revenues down 9.6-pct, deficit up in first 4-months

July 8, 2009 (LBO) - Sri Lanka state revenues fell 9. online pharmacy buy diflucan with best prices today in the USA buy flexeril online …

India offers US$100mn for Sri Lankan Tamils

NEW DELHI, July 6, 2009 (AFP) - India on Monday offered 100 million dollars for the tens of thousands of Tamil civilians displaced by conflict in Sri Lanka. …

Sri Lanka’s need for IMF wanes: Central Bank

July 4, 2009 (AFP) - Sri Lanka's central bank chief said Saturday that the island could live without a major IMF bailout that had been delayed by the final …

Zimbabwe recovering under central bank competition; no inflation: IMF

July 3, 2009 (LBO) - Zimbabwe is starting to recover within months of the money monopoly of the Reserve Bank of Zimbabwe being broken, which allowed foreign …

Sri Lanka IMF loan depends on Executive Board: official

July 3, 2009 (LBO) - The award of a stand by loan for Sri Lanka by the International Monetary Fund (IMF) is awaiting approval of its executive board, which is …

Sri Lanka upgrades growth to 3.5-4.5-pct

July 1, 2009 (LBO) - Sri Lanka's economy is forecast grow at a faster 3.5 to 4.5 percent in 2009, up from the 2.online pharmacy …

Sri Lanka recovery to be driven by domestic factors: economist

June 30, 2009 (LBO) - Sri Lanka's economic recovery will be driven largely by domestic reconstruction flowing from an end of a three decade long war with some …

Sri Lanka June inflation at 0.9-pct

June 30, 2009 (LBO) – Consumer prices in Sri Lanka's capital Colombo rose 0.9 percent in June from a year earlier, down from 3.3 in May, while prices …

Sri Lanka creates economic zone for Chinese investors

June 30, 2009 (LBO) - Sri Lanka's investment promotion agency, the Board of Investment, said it signed a deal with China's Huichen Investment to manage a …

Sri Lanka public enterprises eating development capital: minister

June 29, 2009 (LBO) – Sri Lanka's state enterprises are eating capital that could have been used for the country's growth, while some workers are getting …

Sri Lanka accuses IMF of playing politics

WASHINGTON, June 27, 2009 (AFP) - Sri Lanka on Friday accused the International Monetary Fund of politicizing financial aid following the fund's delay in …

Sri Lanka to extend services of sovereign rating agencies

June 26, 2009 (LBO) - Sri Lanka will extend the contracts of Standard and Poor's (S&P) and Fitch Rating, the two agencies that are issuing the country's …

Sri Lanka to resettle war refugees soon: official

NEW DELHI, June 24, 2009 (AFP) - A Sri Lankan official delegation visiting India said on Wednesday Colombo was working to resettle tens of thousands of …