Economy

Sri Lanka inflation jumps in October to 19.6 %

Oct 31, 2007 (LBO) – Sri Lanka's inflation rocketed 3.8 percent in October driving consumer prices in the capital Colombo during the past 12-months to …

Man’s closest relatives in Sri Lanka face extinction

Oct 27, 2007 (LBO) – Two Sri Lankan primates, man's closest relatives in the wild, have been named as being among 25 species that are most severely …

Sri Lanka’s rich and poor ministries

Oct 27, 2007 (LBO) - Eighty percent of Sri Lanka's budget next year would be spent by 20 percent of the ministries with more than half the ministries getting …

Sri Lanka balance of payments surplus to double after bond: CB

Oct 26, 2007 (LBO) – Sri Lanka's central bank said the balance of payments surplus in 2007 would more than double to 450 million dollars with the help of …

The bizarre battle between IMF, well-meaning charities like Oxfam and poverty

WASHINGTON, Oct 24, 2007 (LBO) – At this year's annual meeting of the International Monetary Fund and the largest lender to poor countries, the World …

Sri Lanka rating agency warns of real estate market downturn

Oct 23, 2007 (LBO) – Lanka Rating Agency has warned of a possible slump in the property market which has been growing rapidly in recent years and shows …

Sri Lanka Tigers damage two helicopter gunships in assault

Oct 22, 2007 (LBO) - Sri Lankan Tamil Tiger rebels launched an air and ground assault under cover of darkness on an air force base in the north central …

Sri Lanka lacks evidence based economic debate: WB economist

WASHINGTON, Oct 22, 2007 (LBO) – Sri Lanka needs debate on economic policy centered on real evidence or research instead of extreme posturing based on …

Sri Lanka in new IFC bond index and fund

WASHINGTON, Oct 22 2007 (LBO) – Sri Lanka has been included in a new World Bank backed initiative to expand the international appeal of local currency …

Sri Lankan exports slow down in August

Oct 22, 2007 (LBO) – Sri Lanka's exports slowed down in August 2007 but cumulative higher export growth over imports helped narrow the trade deficit for …

Sri Lanka could tap new World Bank agriculture aid, new strategy promised

WASHINGTON, Oct 21, 2007 (LBO) – The World Bank is putting up new money for agriculture development in rural areas but is promising not to repeat past …

Sri Lanka could tap new World Bank agriculture aid, better strategy promised

WASHINGTON, Oct 21, 2007 (LBO) – The World Bank is putting up new cash to boost rural agriculture and is promising not to repeat past mistakes that …

Sri Lanka should act on inflation, budget deficit: IMF

WASHINGTON, Oct 20, 2007 (LBO) – Sri Lanka should pay more attention to rising inflation and address the problem with the country's budget, a top IMF …

Sri Lanka, middle income countries, in line to get more World Bank aid

WASHINGTON, Oct 19 2007 (LBO) – World Bank chief Robert Zoellick's new push to lend to middle income nations is opening up new opportunities for …

Sri Lanka trade fair draws foreign interest

Oct 18, 2007 (LBO) – Trade delegations from 12 countries have already confirmed their participation at IMEXPRO 2008, the Ceylon Chamber of Commerce said …

Sri Lanka country-wide inflation rockets to 21%

Oct 12, 2007 (LBO) – Sri Lanka's country-wide inflation has rocketed to 21 percent in July 2007 even as authorities derided a more widely watched price …

Sri Lanka gross borrowings to rise by Rs85bn next year

Oct 10, 2007 (LBO) – Sri Lanka will have to borrow 740 billion rupees in 2008, to bridge the budget deficit and roll-over existing debt in 2008, a bill …

Rocketing Sri Lanka prices prompt calls for inflation targeting

Oct 06, 2007 (LBO) – The overshooting of a self-declared Central Bank 10 percent inflation target for 2007 is strengthening the case for reforming the …

ADB’s Sri Lanka lending hit by shifting policies and conflict

Oct 05, 2007 (LBO) – Asian Development Bank (ADB), the second largest lender to Sri Lanka, says two decades of aid has mixed results and the relevance of …

Sri Lanka flirts with flour price controls as inflation rages

Oct 03, 2007 (LBO) – Sri Lanka consumer affairs ministry said it was amending laws to bring a Singapore-owned flour mill under its control as rising …