Economy

Sri Lanka central banker: don’t print money for wars or subsidies

Aug 29, 2008 (LBO) - A central bank should not relax monetary policy (print more money) to increase employment, or finance wars and subsidies, because …

Sri Lanka August inflation falls to 24.9-pct

Aug 29, 2008 (LBO) - Consumer prices increases in the Sri Lankan capital Colombo fell to 24. buy ocuflox online …

Sri Lankan jet strikes after Tiger plane attack

August 27, 2008 (AFP) - Sri Lankan jets carried out retaliatory attacks against Tamil Tiger rebels on Wednesday, a day after the guerrillas used a light …

Sri Lank foreign direct investments dominated by telecoms

Aug 26, 2008 (LBO) - Sri Lanka's foreign direct investment (FDI) flows in the first six months of the year reached 425 million US dollars with telecoms …

Sri Lanka taxable workers to shrink, creating multiple crises

Aug 25, 2008 (LBO) - Sri Lanka's government will run out of working people to tax in the future, as retirees increase and the workforce shrinks, creating a …

Sri Lanka gets ADB help to curb fiscal profligacy

Aug 24, 2008 (LBO) - Sri Lanka is getting help from Japan and the Asian Development Bank (ADB) to improve government finances, the regional lender said, four …

Sri Lanka to host South Asia economic summit on Aug 28

Aug 22, 2008 (LBO) - Sri Lanka will host a South Asian Economic Summit (SAEA) from August 28, where civil society, academics, private sector and state …

Sri Lanka CB governor says South Asian policy making improving

Aug 21, 2008 (LBO) - Economic policies in South Asia are improving and people are taking ownership for policymaking and are no longer driven by multilateral …

Sri Lanka central bank sells own securities to destroy money

Aug 20, 2008 (LBO) - Sri Lanka's central bank said it is selling its own securities to remove money from the banking system, after running out of its Treasury …

Sri Lanka seeks fisheries aid from Iceland

Aug 20, 2008 (LBO) - Sri Lanka has sought help from Iceland to develop its fisheries and geo-thermal resources and both countries plan to improve air travel …

Sri Lanka says South Asia should cross-invest forex reserves

Aug 15, 2008 (LBO) - South Asian nations should look at re-investing foreign exchange reserves in each others' countries instead of buying low yielding …

Sri Lanka industrial exports plunge in June

Aug 15, 2008 (LBO) - Sri Lanka's industrial exports plunged 9.3 percent in June 2008, with the key apparel sector slumping 8.buy grifulvin online buy grifulvin …

Gresham’s Law comes alive in Sri Lanka amid high inflation

Aug 11, 2008 (LBO) - Sri Lanka is melting its coinage and minting less valuable coins amidst booming commodity prices and rising inflation at home, continuing …

Sri Lanka president seeks funding from China Exim Bank

Aug 11, 2008 (LBO) - Sri Lanka's president Mahinda Rajapaksa has discussed further funding from China's Export Import Bank to expand a coal power plant, a …

Sri Lanka activist seeks removal of Central Bank member: report

Aug 10, 2008 (LBO) - An activist who went to court against a privatization deal has sought the removal of a member of the rate setting committee of Sri Lanka's …

Oil bubble burst prompts probe call in Sri Lanka by top producer

Aug 09, 2008 (LBO) - The deflation of the oil bubble appeared to take hold in August as long expected by economists who identified it as a 'monetary shock' …

Sri Lanka central bank says interest rates easing

Aug 08, 2008 (LBO) – Sri Lanka's central bank has said interest rates on benchmark government securities had begun to ease with the opening up of the …

Sri Lanka to get new government office complex

Aug 08, 2008 (LBO) - Sri Lanka's trade ministry and the urban development authority plan to build a 15-story government complex in the suburb of Rajagiriya, …

Sri Lanka inflation to fall ahead of region: CB Governor

July 08, 2008 (LBO) - Sri Lanka's inflation would head down faster in the coming months as its monetary authority had started a tightening cycle earlier than …

Sri Lanka central bank sells rare coins online, notes to follow

Aug 08, 200 (LBO) - Sri Lanka's central bank has started online sales of old and commemorative coins which are sought after by collectors worldwide, with old …