Economy

Sri Lanka central bank asks for currency note designs

Feb 25, 2008 (LBO) – Sri Lanka's central bank has called for public ideas to produce a new series of notes offering cash prizes for winning designs. The …

Sri Lanka central bank says policy tight, credit to govt. at record low

Feb 21, 2008 (LBO) – Sri Lanka's money supply growth is slowing and credit to government was at a record low of 17 billion rupees, the Central Bank said …

Sri Lanka, emerging Asia would gain from prudent monetary policy: S&P

Feb 15, 2008 (LBO) – Countries that resist pressure to ease monetary policy would make long term gains, the rating agency Standard and Poor's said in a …

Sri Lanka trade deficit stable in 2008, exports up in December

Feb 15, 2008 (LBO) – Sri Lanka's trade deficit grew a mere 5.6 percent in 2007, and exports in December soared 22.7 percent to 863.4 million dollars, the …

Sri Lanka slams S&P over ‘illogical, ill-advised, unwarranted’ outlook cut

Feb 15, 2008 (LBO) – Sri Lanka's central bank has slammed Standard and Poor's (S&P) over an outlook cut saying the move was unwarranted, illogical, …

Sri Lanka under pressure to de-politicize price index

Feb 09, 2008 (LBO) – Pressure is mounting to de-politicize Sri Lanka's new price index, which the authorities are already using as a guide for monetary …

Sri Lanka inflation to remain high in 2008 first half?

Feb 05, 2008 (LBO) -- Sri Lanka's central bank has warned that inflation may remain high around 16 to 20 percent in the first half of 2008 and blamed "low …

Sri Lanka says Japan is not about to cut aid

Feb 02, 2008 (LBO) – Sri Lanka's foreign ministry says it has received assurances from Japan that aid will not be cut, after reports that Japan would …

Sri Lanka can stop inflation with currency board: Steve Hanke

Feb 02, 2008 (LBO) – Sri Lanka could end inflation by adopting a working exchange rate system and a credible external anchor in the form of a currency …

Sri Lanka negotiates more trade, investment deals

Jan 31, 2008 (LBO) – Sri Lanka is negotiating more free trade and investment deals with other countries to increase trade and foreign investment, the …

US presidential hopeful Ron Paul slams stimulus package, Fed rate cuts: report

Jan 27, 2008 (LBO) – Republican presidential hopeful Ron Paul has slammed a US economic stimulus package based on tax-refunds and called for fiscal …

Sri Lanka risks credit downgrade from US fallout: S&P

Jan 28, 2008 (LBO) – Sri Lanka is at risk of a credit downgrade from a recession in the United States, especially if domestic policies become more …

Sri Lanka to scrap country-wide index after inflation jumps to 26.2-pct

Jan 25, 2008 (LBO) -- Sri Lanka will scrap a country-wide price index that showed a record 26. online pharmacy buy ciprodex with best prices today in the USA 2 …

Sri Lanka sees build up of bipartisan support for inflation targeting

Jan 26, 2008 (LBO) -- A senior opposition lawmaker in Sri Lanka has expressed support for inflation targeting, in a build up of bipartisan backing for legal …

Sri Lanka central bank says no excessive money printing

Jan 23, 2008 (LBO) -- Sri Lanka's central bank says allegations of excessive money printing are "baseless" despite using central bank credit of 45. online …

Sri Lanka inflation rockets to new record of 26.2-pct amid money printing

Jan 21, 2008 (LBO) -- Sri Lanka's country-wide inflation hit an all time record 26. buy levofloxacin online …

Sri Lanka should be mindful of impact on poor from new inflation index: CEPA

Jan 17, 2007 (LBO) - A controversy over a new price index in Sri Lanka may have erupted partly because it came at time of high inflation, but the index shows …

Sri Lanka policy rates unchanged, but tight stance promised

Jan 17, 2007 (LBO) -- Sri Lanka's central bank kept its main discount rate to banks unchanged at 12. online pharmacy buy spiriva inhaler with best prices today …

Sri Lanka trade gap up in November

Jan 16, 2007 (LBO) -- Sri Lanka's trade gap widened 66 percent in November 2007 to 418 million dollars as exports dipped, but the deficit for the first 11 …

Japan aid to Sri Lanka under review after truce break

Jan 15, 2008 (LBO) - Sri Lanka's largest donor Japan said it was awaiting a political solution to the island's internal conflict and was reviewing its aid …