Sri Lanka says reserve money on target, but domestic assets rise
Sep 04, 2007 (LBO) – Sri Lanka's central bank said Tuesday reserve money growth is on target, but domestic assets in the monetary base continued to rise, …
Economy
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Sri Lanka floats the rupee; two way quotes return
Sept 03, 2007 (LBO) – Sri Lanka's central bank has successfully floated the rupee after printing billions of rupees on an ill-fated intervention and …
Sri Lanka needs stronger laws, value addition to develop gem trade
August 31, 2007 (LBO) – Updating laws on gem mining and trade, value addition and better certification methods will help Sri Lanka to develop the …
Sri Lanka August inflation eases to 17.3%
August 31, 2007 (LBO) – Consumer prices in Sri Lanka's capital Colombo eased 0.8 percent in the month August, with the 12-month inflation at 17.3 percent …
Sri Lanka property bubble on the bursting path
August 25, 2007 (LBO) - Sri Lanka’s land and condominium price bubble which has now peaked may pop with buildings now under construction expected to …
Sri Lankan corporates form alliance to combat HIV/AIDS
Aug 23, 2007 (LBO) – Sri Lankan companies have formed a business coalition on HIV/AIDS saying increasing awareness and gearing up workplaces to handle …
Money printing Zimbabwe eases price controls after shortages
HARARE, Aug 22, 2007 (AFP) - Zimbabwe's government has authorised retailers to raise the prices of basic goods in order to ease widespread shortages which …
Sri Lanka central bank defends John Exter and itself against tide of criticism
August 21, 2007 (LBO) – Sri Lanka's central bank law, devised by an international economist famed for his monetary prudence, has in-built safeguards to …
Sri Lanka trade deficit narrows in first half 2007, oil imports down
August 16, 2007 (LBO) – Sri Lanka's trade deficit has narrowed 12 percent and oil imports had fallen 8 percent in the first half of 2007, the central …
Sri Lanka official forex market see ‘black market’ as rupee tumbles
August 15, 2007 (LBO) – Sri Lanka's forex markets are defying fundamental economic principles with bids creeping above offer prices in what analysts see …
Sri Lanka central bank pours oil on troubled forex markets
August 14, 2007 (LBO) – Sri Lanka's central bank sought to calm the country's forex markets in its August monetary policy statement as the rupee came …
Sri Lankan businesses seek to penetrate booming Middle East markets
August 14, 2007 (LBO) – A Sri Lankan business delegation is to visit the Middle East next month seeking to penetrate the markets in three oil exporting …
Economists slam the real culprits behind subprime debacle
FRANKFURT, Aug 14, 2007 (AFP) - By injecting billions into the money markets in the wake of fears about the US housing market, central banks are reaping what …
Sri Lanka underdeveloped regions deserve better – economist
August 13, 2007 (LBO) – A senior Sri Lankan economist has called for a higher allocation of resources for less developed regions of the island and …
Maldives shrug off IMF red flag over Rufiyaa peg
August 13, 2007 (LBO) – The Maldives has shrugged off a red flag from the International Monetary Fund (IMF) that its currency peg with the US dollar was …
Sri Lanka living standards improving despite negative feelings: CB Governor
August 13, 2007 (LBO) – Despite perceptions of a lack of a 'feel good' factor steady gains are being made in living standards, Sri Lanka's central bank …
Sri Lanka can wipe out poverty in a generation with practical policies: development economist
August 13, 2007 (LBO) – If market reforms and globalization that brought prosperity to Sri Lanka's Western Province could be replicated countrywide, …
Sri Lankans told no ‘free lunch’, urged to change attitudes
August 13, 2007 (LBO) – Sri Lankans need to change attitudes that are holding the country back despite it being reasonably well endowed with human and …
Sri Lanka can wipe out poverty in a generation with working policies: development economist
August 12, 2007 (LBO) – If market reforms and globalization that brought prosperity to Sri Lanka's Western Province could be replicated countrywide, …
Corruption costs Sri Lanka 2% economic growth: senior economist
August 11, 2007 (LBO) – Public sector corruption in Sri Lanka is a key factor driving poverty and the country is losing two percentage points of economic …