Economy

Zimbabwe earns second place in hyperinflation history: economist

Feb 14, 2009 (LBO) – As Zimbabwe allowed full 'dollarization' of its economy and legalized foreign currencies, a top monetary economist has placed the …

Sri Lanka cuts policy rates

Feb 11, 2009 (LBO) – Sri Lanka's central bank has cut its discount rate that sets the upper limit of inter-bank transactions by 50 basis points to 16.50 …

Sri Lanka ancient economy may have been hit by monetary debasement: economist

Feb 10, 2009 (LBO) - A period of prosperity based on international trade, under an ancient Sri Lankan king may have declined following monetary debasement, as …

Sri Lanka headline inflation extends fall below core

Feb 07, 2009 (LBO) – Sri Lanka's headline inflation fell further below the country's controversial core inflation number, mimicking the US experience in …

Sri Lanka to have single digit inflation in 1Q09: CB Governor

Feb 02, 2009 (LBO) – Sri Lanka is expecting single digit inflation in the first quarter of 2009, and further falls in interest rates, Central Bank …

Most governments fail to account for spending: report

WASHINGTON, January 31, 2009 (AFP) - Eighty percent of the world’s governments fail to provide adequate information on spending to the public, often …

Zimbabwe lifts foreign currency restrictions

HARARE, January 29, 2009 (AFP) - Zimbabwe scrapped restictions on foreign currency on Thursday to prop up its ailing economy, as the United Nations warned that …

Sri Lanka inflation falls to 10.7-pct

Jan 30, 2009 (LBO) – Inflation in the 12-months to January 2009 measured by the revised Colombo Consumer Price Index (CCPI) fell to 10.7 percent from …

Sri Lanka central bank targets diaspora, currency swaps: interview

Jan 21, 2009 (LBO) – Sri Lanka’s central bank says it will persevere with its quantity targeting regime this year but also use other instruments if …

Sri Lanka among countries poorly prepared to face global crisis

Jan 20, 2009 (LBO) – Sri Lanka is among 25 percent of countries that are poorly equipped to deal with the global financial crisis, and needs fiscal as …

Sri Lanka World Bank head says global crisis failure of government

Jan 20, 2009 (LBO) - The meltdown of the global economic system is not a collapse of capitalism and markets but rather a failure of government, World Bank's …

Sri Lanka would not apply for IMF bailout: Central Bank

Jan 19, 2009 (LBO) – Sri Lanka's central bank said it would not apply for an International Monetary Fund (IMF) bailout or devalue the currency but would …

Sri Lanka gets new deputy finance minister

Jan 17, 2009 (LBO) – Sri Lankan president Mahinda Rajapaksa has appointed public administration and home affairs minister Sarath Amunugama as deputy …

Sri Lanka tourist sector get relief on tsunami recovery loan

Jan 16, 2008 (LBO) – Sri Lanka's tsunami affected tourism sector is to get repayment extensions running up to three years for loans taken up under the …

Sri Lanka cautioned by Japan on military breakthrough

TOKYO, January 5, 2009 (AFP) - Japan, Sri Lanka's top donor, was cautious Monday after the Tamil Tiger rebels' capital fell, with an official saying that only …

Sri Lanka central bank promises single digit inflation in 2009

Jan 03, 2009 (LBO) – Sri Lanka's central bank has promised single digit inflation amid deflationary external conditions and the possibility of a looser …

Sri Lanka govt mulls tax hike on milk powder imports

Jan 02, 2009 (LBO) - The Sri Lankan government is considering increasing customs duties on milk powder imports to take advantage of plunging global prices …

Sri Lanka inflation seen falling to 8-9% by mid-2009: central bank

Jan 02, 2009 (LBO) - Sri Lanka's inflation rate expected to fall to 8. online pharmacy buy bactroban with best prices today in the USA buy champix online …

Sri Lanka hopes hike import taxes to finance ‘stimulus’

Jan 01, 2008 (LBO) – Sri Lanka is hoping to hike import taxes as international prices fall to cover part of the cost of a 16 billion rupee 'stimulus' …

Sri Lanka repays Citibank, ICICI Bank loans

Dec 31, 2008 (LBO) – Sri Lanka has repaid 175 million US dollars in commercial loans, involving Citibank and India's ICICI Bank, and raised only 150 …