Economy

Sri Lanka tightens monetary target for 2008

July 16, 2008 (LBO) - Sri Lanka has tightened its year-end growth target for the monetary base in 2008 to 11. online pharmacy buy diflucan with best prices …

Iran tops Sri Lanka donors up to May 2008, displacing Japan

July 14, 2008 (LBO) - Iran emerged as the biggest lender to Sri Lanka, displacing traditional top donors Japan and the Asian Development Bank (ADB), in the …

Sri Lanka-India trade deal to open investment, services from August

July 11, 2008 (LBO) - The Comprehensive Economic Partnership Agreement (CEPA) to be signed between India and Sri Lanka in August will allow professionals to …

Sri Lanka urged to relax exchange controls

July 11, 2008 (LBO) - A top Sri Lankan businessman whose companies have invested overseas says the government should relax exchange controls to make it easier …

Sri Lanka state cash flows hit by revenue shortfalls

July 11, 2008 (LBO) - Sri Lanka's finance ministry had to rely on bank overdrafts and additional domestic borrowing to bridge cash gaps in the first five …

Sri Lanka token strike gets off to quiet start

July 10, 2008 (LBO) - A one day token strike called by Sri Lanka's opposition parties got off to a peaceful start with slightly reduced traffic in the capital …

Sri Lanka strike forces minister, state workers, to boost productivity

July 10, 2008 (LBO) - Sri Lanka's post minister, one of a coterie of 108 ministers in the island, said he had personally got the postal service moving during a …

Sri Lanka western province economic dominance slips

July 10, 2008 (LBO) - The dominance of Sri Lanka's Western province which housed the capital Colombo, in the country's economic activity has fallen below 50 …

Sri Lanka private bus operators ignore strike call

July 9, 2008 (LBO) - Sri Lanka's privately-run bus operators said they would keep their buses on the road on July 10, ignoring the token strike call of a …

Sri Lanka opposition backs new state salary hike

July 07, 2008 (LBO) - Sri Lanka's main opposition United National Party (UNP) is backing calls for new salary hikes for the island's already bloated state …

Sri Lanka nature reserve threatened by politicians, business say activists

July 06, 2008 (LBO) - One of the three top nature reserves in Sri Lanka, a biodiversity hotspot, is being threatened by encroachment and commercial cultivation …

Sri Lanka exchange rate policy under fire

July 05, 2008 (LBO) - Sri Lanka's central bank which has debauched the rupee since its creation in 1950, has made a strong case for a stable national currency, …

Sri Lanka firm to lobby G8 on water

July 3, 2008 (LBO) - Sri Lanka's Hayleys group has joined top global firms to lobby the eight leading industrial nations to make water availability a priority …

Sri Lanka private sector calls for prudent reforms

July 03, 2008 (LBO) – Sri Lanka's private sector has called on the government to implement politically difficult reforms and austerity measures to put …

World Bank appoints new South Asia chief

July 3, 2008 (LBO) - The World Bank has appointed Isabel Guerrero, country director for India as vice president for the South Asia region, replacing Praful …

Sri Lanka fuel subsidy cuts a good move: Daim

July 2, 2008 (LBO) - Cutting fuel subsidies when the national budget is de-stabilized is a necessary move to keep the economy stable and development ticking, …

Sri Lanka government treasury chief says subsidies inefficient

July 02, 2008 (LBO) – The Sri Lankan government treasury secretary P B Jayasundera has described subsidies as an inefficient way of managing economic …

Sri Lanka British embassy land; gentry wanted

July 01, 2008 (LBO) - The former British High Commission property in Sri Lanka is for sale with the owners preferring the highest bidder to have a high …

Sri Lanka business advised to ‘go lean’ in hard times

July 01, 2008 (LBO) – Sri Lanka must now switch to an "investment driven economy" with businesses and people 'going lean' to survive and come out of the …

Sri Lanka inflation may fall after August: Central Bank

July 01, 2008 (LBO) - Sri Lanka's central bank said inflation which hit the highest levels in the country's record keeping history in the first half of 2008, …