Economy

IMF loan “urgency” easing, won’t beg for aid: CB chief

June 12, 2009 (AFP) - War ravaged Sri Lanka will not beg for foreign aid even as a 1. buy lipitor online buy lipitor online no prescription 9 billion dollar …

Sri Lanka loses Rs10bn on tax slashed cars to state workers

June 12, 2009 (LBO) - Import duty waivers for Sri Lankan state workers to buy cars has lost the country over 10 billion rupees in revenue in 2008, a report by …

Sri Lanka ruling party popularity could help budget: S&P

June 10, 2009 (LBO) – The electoral popularity of President Mahinda Rajapaksa could help improve Sri Lanka's budget by reducing the clout of smaller …

Sri Lanka activist targets 40 privatizations

June 9, 2009 (LBO) - A left-oriented politician who has successfully returned a large insurer back into state hands through court action says there about 40 …

Japan envoy to discuss Sri Lanka war victims: diplomats

June 7, 2009 (AFP) - Japan will send a special envoy to Sri Lanka this week to discuss the plight of nearly 300,000 Tamil civilians displaced by recent …

Iran inflation dips below 24 pct

TEHRAN, June 7, 2009 (AFP) - Iran's inflation rate, one of the biggest economic challenges facing its next president, dipped last month to under 24 percent, …

Sri Lanka gets Chinese loan for low cost housing

June 05, 2009 (LBO) –Sri Lanka's government is to take a 500 million dollar 20-year loan from China to build 100,000 low cost houses for state sector …

Sri Lanka Hayleys profits down on lower margins, exports

June 04, 2009 (LBO) - Sri Lanka's Hayleys said net profit for the 2008-09 financial year fell 31 percent to 311 million rupees from a year ago as the …

Sri Lanka Insurance Corp sale reversed by court- Update

June 4, 2009 (LBO) - Sri Lanka's Supreme Court said a 2003 privatization of Sri Lanka Insurance Corporation (SLIC) to listed Distilleries group was illegal and …

High inflation increases hunger in South Asia: UNICEF

NEW DELHI, June 2, 2009 (AFP) - The global financial crisis and a spike in fuel and food prices have left 100 million more people without adequate food in …

Sri Lanka should drop popular politics to boost economy: President

June 3, 2009 (LBO) - Sri Lanka should cut the budget deficit, drop popular politics and ideologies in meeting the challenge of developing the country, …

Sri Lanka offered investment by Canadian business council

June 03, 2009 (LBO) - Two bilateral business councils promoting trade and investment between Sri Lanka and Canada have offered their support to revive the …

Sri Lankan minister seeks Japanese aid, rejects rights probe

TOKYO, June 3, 2009 (AFP) - Sri Lanka's trade minister on Wednesday sought Japan's help for its recovery from ethnic conflict, while reiterating his …

Sri Lanka ‘core’ inflation 15.8-pct

June 02, 2009 (LBO) - A controversial core inflation index of selected items in Sri Lanka was at 13. online pharmacy buy diflucan with best prices today in the …

Sri Lanka property firm hit by falling prices

May 30, 2009 (LBO) – The real estate arm of Sri Lanka's Carsons Cumberbatch group said it was writing down the values of properties by 450.3 million …

Sri Lanka inflation accelerates to 3.3-pct in May

May 29, 2009 (LBO) - Consumer price inflation in Sri Lanka's capital Colombo accelerated to 3.3 percent in the 12-months to May from 2.9 percent in April, with …

Sri Lanka may relax forex trading curbs from June: CB Governor

May 27, 2009 (LBO) – Sri Lanka may expand forex trading limits of banks from next month, Central Bank Governor Nivard Cabraal said, as the country …

Sri Lanka planning credit scheme for the war-affected: CB Governor

May 27, 2009 (LBO) – Sri Lanka is planning a central bank re-financed credit scheme for people in former war-affected areas to allow people to rebuild …

Sri Lanka manpower exporters battle downturn

May 26, 2009 (LBO) - Sri Lankans working abroad send home nearly three billion dollars a year, and despite a global economic meltdown and stiff competition …

China releases stimulus spending data

BEIJING, (Asia Pulse) - China's economic planning body released a breakdown Thursday of how the government's 4 trillion yuan (US$586 billion) of stimulus …