Economy

Sri Lanka refugees get more EU aid

June 24, 2009 (LBO) - The European Commission is giving 5 million Euros to help mainly ethnic Tamil refugees held in camps in northern Sri Lanka, on top of 37 …

Sri Lanka still negotiating IMF deal: minister

June 24, 2009 (LBO) - Sri Lanka is still negotiating with the International Monetary Fund for a bailout package, and the first tranche may come in two months, …

Sri Lanka private sector credit shrinks as government borrows

June 22, 2009 (LBO) – Sri Lanka's private sector credit has shrunk for the fourth straight month, while government credit continues to rocket, amid …

Sri Lanka private equity fund to be started by Singapore firm: report

June 22, 2009 (LBO) – Calamander Group, a Singapore based fund, is starting a 50 million US dollar private equity fund to invest in export commodity …

Fed to keep printing despite rising commodity prices: analysts

WASHINGTON, June 21, 2009 (AFP) - A jittery bond market and economic "green shoots" notwithstanding, the Federal Reserve is likely to reaffirm a commitment to …

Iran lashes out at West, media over unrest

TEHRAN, June 21, 2009 (AFP) - Iran accused Britain and the United States on Sunday of meddling in its affairs, amid an international outcry over its crackdown …

Sri Lanka standby loan still not ready for board approval: IMF official

June 20, 2009 (LBO) - An International Monetary Fund loan for Sri Lanka is still not ready for approval for its executive board, an official said, though the …

Sri Lankans are encouraged to be poor by politicians: minister

June 20, 2009 (LBO) – Politicians are responsible for killing the entrepreneur spirit of Sri Lankans by making them believe 'capitalism' is evil and …

Sri Lanka meeting admits Maldives into regional clearing group

June 18, 2009 (LBO) – the Asian Clearing Union (ACU), regional transaction settlement arrangement that tries aimed at by passing hard currency use, has …

Sri Lanka lose 96,000 industrial jobs: official survey

June 18, 2009 (LBO) – Sri Lanka's industrial sector has lost 96,000 jobs in the first quarter of 2009 with the apparel workers losing 60,000 jobs and …

Sri Lanka pins economic recovery on post-war revival

June 17, 2009 (LBO) – Sri Lanka's growth which plummeted to 1.5 percent in the first quarter may pick up later in 2009 with an agriculture and …

Sri Lanka public sector scam vies with private sector ones: minister

June 17, 2009 (LBO) – Sections of Sri Lanka's bloated public sector are stealing peoples' money in the same corrupt manner as high profile private sector …

Sri Lanka GDP growth slows to 1.5-pct in 2009 first quarter

June 17, 2009 (LBO) - Sri Lanka's economic growth slowed to 1. online pharmacy buy spiriva inhaler with best prices today in the USA 5 percent in the first …

Sri Lanka central bank cut rates to boost post-war recovery

June 16, 2009 (LBO) - Sri Lanka cut its main policy discount rate by 50 basis points to 11.00 percent to boost credit and support post war economic recovery, …

IMF projects ‘solid’ US recovery in mid-2010 but big risks

WASHINGTON, June 15, 2009 (AFP) - The International Monetary Fund projected Monday the United States would make a "solid" recovery from recession in mid-2010, …

Sri Lanka water utility still cannot cover costs

June 15, 2009 (LBO) - Sri Lanka's national water supply and drainage board (NWS&DB) has given 34 percent of the population pipe-borne water, but it still …

Sri Lanka 1Q state revenues down 8.2-pct

June 15, 2009 (LBO) – Sri Lanka's state revenues fell 8.2 percent to 144.9 billion rupees in the first quarter of 2009, while rising expenses have …

Sri Lanka seeks post-war aid from UAE: foreign minister

June 13, 2009 (AFP) - Sri Lanka on Saturday sought aid from the United Arab Emirates to rebuild swathes of land devastated by the near four decades long ethnic …

Sri Lanka private sector, UNHCR pave the way for returning refugees

June 12, 2009 (LBO) – A United Nations agency is getting private sector support to help re-settle a part of the 660,000 refugees in the country who are …

Sri Lanka state workers take home 53.6-pct of 2008 taxes

June 12, 2009 (LBO) - Sri Lanka's state salaries and pensions ate up 53.6 percent of tax revenues in 2008, while 129,135 workers were added to an already …