Economy

Global economic recovery may be W shaped: Steve Hanke

May 08, 2009 (LBO) - Recent rallies in stock markets may be short-lived, and a 'W' patterned economic revival is more likely if the Fed fails to quell an …

Sri Lanka set to submit seabed claim

May 06, 2009 (LBO) - Sri Lanka is set to formally submit its claim for sovereignty over a bigger area of the ocean floor surrounding the island under …

Canada ups relief aid for Sri Lanka

OTTAWA, May 4, 2009 (AFP) - Canada's Minister of International Cooperation Beverley Oda announced Monday an increase in humanitarian aid for civilians …

Sri Lanka banks asked to cut lending rates, says Central Bank

May 5, 2009 (LBO) - Sri Lanka's central bank said it had asked banks to cut interest charged on loans which remain high despite policy rate cuts, while its …

Bitter with West, Sri Lanka turns East for cash and support

May 4, 2009 (AFP) - The Sri Lankan government is increasingly tilting towards Iran, Libya and China for foreign aid as its traditional Western allies ramp up …

Sri Lanka business told to watch out for bad debt

May 04, 2009 (LBO) – Sri Lankan businesses should be more cautious and assess customer creditworthiness more often, when doing business during a …

Sri Lanka IMF loan would not be delayed on politics: central bank

May 2, 2009 (LBO) - Technical levels discussions for Sri Lanka's International Monetary Fund (IMF) loan have now been finalized and with the UN Security …

Sri Lanka troops tighten siege of Tamil rebels

May 1, 2009 (AFP) - Sri Lankan government troops have tightened their siege of the last strip of land on the island still controlled by Tamil Tiger rebels and …

Sri Lanka hosts IMF team as loan deal nears

April 30, 2009 (LBO) - An International Monetary Fund (IMF) 'Safeguards Assessment' mission is in Sri Lanka as talks on a 1. online pharmacy buy strattera with …

Sri Lanka close to getting 15-year loan from Libya: CB Governor

April 30, 2009 (LBO) - Sri Lanka is close to finalizing a 500 million US dollar long-term loan from Libya, Central Bank governor Nivard Cabraal who is visiting …

Sri Lanka inflation slows to 2.9-pct in April

April 30, 2009 (LBO) - Consumer inflation in Sri Lanka's capital Colombo, in the 12-months to April slowed to 2.9 percent from 5.3 percent in March, with …

Sri Lanka begins re-settling war displaced

April 30, 2009 (AFP) - About 400 Sri Lankan civilians returned home on Thursday two years after being forced to flee by fighting in the country's ethnic …

Sri Lanka on alert for swine flu

April 28, 2009 (AFP) - Sri Lanka's airports and hospitals have been put on alert for swine flu, a health official said Tuesday. "The country has been put on …

Sri Lanka judge to head revenue office

April 26, 2009 (LBO) – A judge of Sri Lanka's Court of Appeal who has been appointed to head the island's revenue office will continue to hold both …

China’s gold reserves top 1,000 tonnes: state media

BEIJING, April 25, 2009 (AFP) - China's gold reserves rose 75 percent from 2003 to 2008, state media said, reporting that Beijing now had the world's fifth …

Sri Lanka to chair regional forum at Washington meet: CB chief

April 20, 2009 (LBO) – Sri Lanka will chair a meeting of South Asian central bank chiefs on the sidelines of International Monetary Fund and World Bank …

US leans on Sri Lanka IMF bailout

April 20, 2009 (LBO) - The United States, which has called for a political package to end Sri Lanka's internal conflict and expressed concern over civilians …

IMF approves US$47 flexi credit line for Mexico

WASHINGTON, April 17, 2009 (AFP) - The International Monetary Fund approved a 47-billion-dollar credit line for Mexico Friday under a new scheme designed to …

Sri Lanka to dip into deflation by mid 2009

April 18, 2009 (LBO) - Sri Lanka's inflation will dip below zero briefly by the middle of 2009, the island's central bank governor Nivard Cabraal said as the …

IMF sees ‘long, severe’ global recession

WASHINGTON, April 16, 2009 (AFP) - The International Monetary Fund on Thursday forecast a prolonged, deep global recession in a crisis "nobody is escaping," …