Sri Lanka rice price controls temporary: minister
April 20, 2008 (LBO) – Sri Lanka's price controls are temporary, until foreign rice stocks arrive at the end of the month and prices fall towards …
Economy
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Sri Lanka govt subsidies fuelling inflation: central bank
April 17, 2008 (LBO) – Sri Lanka's Central Bank has said heavy government spending to subsidise fuel, electricity and fertiliser destabilises the …
Sri Lanka’s war, fiscal reversals, policy stance hit sovereign rating: S&P
April 16, 2008 (LBO) - Sri Lanka's internal war and a reversal in 'tentative' improvements in state finances had made the country less able to weather shocks, …
Sri Lanka central bank decries over staffing of government sector
April 16, 2008 (LBO) – Sri Lanka's central bank has criticised the practice of ruling party politicians of stuffing the state sector with their …
IMF says dollar-pegged nations hit by ‘full brunt’ of commodity bubble; what can Sri Lanka do?
April 14, 2008 (LBO) – Countries pegged to the US dollar have felt the 'full brunt' of recent increases in commodity prices, a top IMF official said …
Ron Paul slams Federal Reserve as US money printing de-stabilize world
April 13, 2008 (LBO) – Texas Congressman Ron Paul has slammed the Federal Reserve for printing money to manipulate interest rates and undermining the …
Sri Lanka lifts tax surcharge from personal incomes
April 12, 2008 (LBO) – Sri Lanka has lifted a surcharge on personal income tax from February 2008, but it would remain in place for companies, the …
Cooling inflation in Sri Lanka and Vietnam a priority rather than growth: IMF
April 12, 2008 (LBO) – Though some Asian nations are worried about slower growth in the wake of financial turmoil in the US, countries like Sri Lanka and …
Sri Lanka budget off target, real revenues fall in 2007
April 10, 2008 (LBO) – Sri Lanka's state revenues were sharply lower than budgeted and current expenditure soared in 2007 while taxes slipped in real …
Sri Lanka’s Central Bank says IMF inflation study is wrong
April 09, 2008 (LBO) – Sri Lanka's central bank has strongly disputed findings in an International Monetary Fund study, which went against official …
Sri Lanka asks World Bank to fund highway to Jaffna
April 08, 2008 (LBO) – Sri Lanka has asked the World Bank to fund a highway to the northern Jaffna peninsular, which is now cut off from the rest of the …
Sri Lanka should end ‘poor’ mentality: President Rajapakse
April 08, 2008 (LBO) – Sri Lankans should stop thinking themselves as being 'poor' and develop a mentality that they are stakeholders with some means in …
Sri Lanka to protest IMF inflation research: Central Bank
April 08, 2008 (LBO) – Sri Lanka's central bank said it was protesting to the International Monetary Fund (IMF) after a research study said only a …
Commodity bubble may burst warns IMF, what will happen to Sri Lanka tea
April 07, 2008 (LBO) – The International Monetary Fund has warned that the current commodity bubble, perhaps the biggest in four decades, which has sent …
Sri Lanka high inflation threatens recent gains in poverty, inequality
April 05, 2008 (LBO) – Lower average inflation and a temporary halt in an internal conflict have lowered Sri Lanka's poverty levels by 2006, government …
Sri Lanka sovereign credit cut to B+ on bad budgets, foreign borrowing, war
April 03, 2008 (LBO) – Fitch Ratings has downgraded Sri Lanka's sovereign rating by one notch to 'B+' saying budgets were weak, inflation was high and …
Sri Lanka disputes Fitch’s sovereign downgrade
April 03, 2008 (LBO) -- Sri Lanka has disputed a sovereign credit downgrade by one notch to 'B+' by Fitch Ratings Thursday, saying it was based on the rating …
Sri Lanka money growth slows in the first quarter
April 02, 2008 (LBO) – Sri Lanka's money supply growth has slowed faster than expected in the first quarter of 2008, amid tight monetary policy and …
Sri Lanka ‘core inflation’ low as ‘headline’ prices hit record
April 01, 2008 (LBO) – Sri Lanka's central bank says a 'core' inflation index from which a number of expenditure components have been dropped is low, …
Sri Lanka consumer prices hit new record in March 2008
Mar 31, 2008 (LBO) -- Consumer prices in Sri Lanka's capital Colombo measured by a controversial new index hit 23.8 percent in the 12-months to March, while an …