Economy

Sri Lanka’s battle with Tigers forces it to seek bailout

April 5, 2009 (AFP) - Sri Lanka appears to be on the verge of crushing Tamil Tiger rebels after decades of fighting but its success has blown a hole in the …

More regulations, same monetary system, after G20

LONDON, April 2, 2009 (AFP) - G20 leaders made major progress in reforming a "failed regulatory system" for global finance which had endangered the world's …

Sri Lanka rupee looks for direction amid IMF talks

April 03, 2009 (LBO) - The Sri Lanka rupee held steady against the US dollar in intra-day trading around 116.buy lipitor online buy lipitor online no …

Sri Lanka relaxes export support criteria

April 03, 2009 (LBO) - The Sri Lankan government is ready to be flexible on export earnings criteria in a support package for exporters to help them weather …

Sri Lanka brain drain still key corporate concern

April 02, 2009 (LBO) - The migration of skilled professionals remains a major concern for Sri Lanka's corporate sector, the Asian Development Bank (ADB) said. …

Sri Lanka reconstruction after war could stimulate economy: ADB

Mar 31, 2009 (LBO) - Sri Lanka's economic growth will slow down this year but could revive the next helped by reconstruction activity expected with the end of …

Sri Lanka inflation drops to 5.3-pct in March

Mar 31, 2009 (LBO) – Consumer price inflation in Sri Lanka's capital Colombo dropped to 5.3 percent in the 12-months to March 2009 from 7.6 percent in …

Sri Lanka needs to depreciate rupee: ADB

Mar 31, 2009 (LBO) - Sri Lanka should adopt a more flexible exchange rate policy and depreciate the rupee to make exports more competitive and better manage …

Sri Lanka IMF talks stretch to second week

Mar 30, 2009 (LBO) - The Sri Lanka rupee closed at 115. online pharmacy buy spiriva inhaler with best prices today in the USA 20/45 against the greenback, with …

Sri Lanka bailout talks progressing: IMF

Mar 27, 2009 (LBO) – An International Monetary Fund (IMF) mission in Sri Lanka is talking with the government on a stand-by arrangement and but the …

Sri Lanka state enterprises a big burden: minister

March 25, 2009 (LBO) - Sri Lankan state enterprises come begging to the Treasury for money to pay staff salaries, instead of making profits and contributing to …

Sri Lankan underweight bread fools consumer minister

Mar 24, 2009 (LBO) – Sri Lanka's minister of consumer affairs has admitted being fooled by crafty bakers who sell underweight bread and exploit …

Sri Lanka’s economic troubles mostly home brewed: economists

Mar 22, 2009 (LBO) - Sri Lanka's current balance of payments troubles are mostly home brewed and an expected return to an International Money Fund bailout is …

Sri Lanka central bank in bid to push credit

Mar 21, 2009 (LBO) - Sri Lanka's central bank has asked banks to lend to the private sector amidst a peg defence exercise that has created a liquidity crunch, …

Sri Lanka puts on brave face before IMF bailout

March 19, 2009 (LBO) - Sri Lanka is putting on a brave face after being forced into an International Monetary Fund bailout having spent its way into trouble …

Sri Lanka gets US$85mn from ADB for water supply

March 19, 2009 (LBO) – Sri Lanka will get 85 million US dollars in loans and grants from the Asian Development Bank for water supply and sanitation in …

Sri Lanka cuts policy rate, lifts import curbs

Mar 18, 2009 (LBO) – Sri Lanka has cut its de facto main signal policy rate that sets the ceiling on Interbank borrowing rates by 175 basis points to …

Sri Lanka must link leading region to rest of country: World Bank

March 17, 2009 (LBO) - Sri Lanka needs to urgently integrate the western province, which accounts for half of gross domestic product, with the rest of the …

Sri Lanka economy slows to 6.0-pct in 2008, 4Q 4.3-pct

Mar 16, 2009 (LBO) - Sri Lanka's economic growth slowed to 6. online pharmacy buy ciprodex with best prices today in the USA buy elavil online …

New economics column on LBO, by top economist

March 13, 2009 (LBO) - Today Lanka Business Online is starting a new column by one of Sri Lanka's most senior and well-known economists, who has practiced, …