Sri Lanka’s ‘Flying Tiger’ guerilla air force will face losses within months: analyst
May 17, 2007 (LBO) – The Tamil Tiger guerilla air wing will bear losses before the year-end as the military gains technology and experience to counter …
Economy
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Remittances rescue Sri Lanka’s balance of payments
COLOMBO, May 16, 2007 (AFP) - Sri Lanka recorded a trade deficit of 659.5 million dollars in the first quarter, but foreign remittances pushed the overall …
Sri Lanka seeks to diversify investment into agro, metal industries
May 15, 2007 (LBO) –Sri Lanka is keen on attracting investments in sectors such as agro and metal industries, the island's minister of investment …
Sri Lankan construction firms eye overseas contracts
May 11, 2007 (LBO) – Sri Lanka's construction industry is seeking to export professional services and eyeing opportunities in the building boom in the …
New mobile operator enters booming Bangladesh market
DHAKA, May 10, 2007 (AFP) - Bangladesh's sixth mobile phone operator, Warid Telecom, launched operations Thursday aiming to grab a slice of one of the world's …
Sri Lanka three month t-bill rates ease amidst excess liquidity
May 09, 2007 (LBO) – The Sri Lanka Treasury bill auction rates eased with the key three month weighed average slipping 4 basis points to 16.52 percent at …
Sri Lanka Central Bank says coins a plenty
May 8, 2007 (LBO) – Sri Lanka's central bank says there is no 'shortage' of coins in the country, and a campaign to bring back coins into circulation has …
Sri Lanka shrugs off British aid freeze
May 7, 2007 (AFP) - Sri Lanka Monday shrugged off Britain's suspension of debt relief to the island, saying the amount of money was "too insignificant" to …
Sri Lanka anti-inflation fight mired in excess liquidity
May 8, 2007 (LBO) Sri Lanka's fight against inflation has received a set-back with monetary authorities unable to sterilize excess liquidity in the banking …
Sri Lanka faces worsening fiscal policy and investment risks as conflict intensifies
May 05, 2007 (LBO) – The use of air power by Tamil Tiger guerrillas has raised the stakes in investing in Sri Lanka and prospects of higher defence …
Sri Lanka inflation falls despite rising oil prices in April as money printing tapers off
April 30, 2007 (LBO) – Sri Lanka's inflation fell for the third month in a row in April after the Central Bank stopped printing money to finance the …
Sri Lankans splurge on snacks and drinks for all night match viewing
April 28, 2007 (AFP) - Sri Lankans were stocking up on snacks, soft drinks, ice cream and liquor on Saturday to watch their home team battle Australia at the …
Sri Lanka counts on World Cup to boost image
COLOMBO, April 27, 2007 (AFP) - Sri Lanka is banking on the publicity from the cricket World Cup to attract foreign investment and tourism to the South Asian …
French businesses eye Sri Lankan investment opportunities
April 26, 2007 (LBO) – A team of French businessmen representing sectors such as textiles, shipping, energy, railways and environment is visiting the …
Canada says Sri Lanka needs more tsunami recovery help at grassroots level
April 24, 2007 (LBO) – More post-tsunami recovery work is needed in Sri Lanka especially in the north and east of the island, at a community level, a …
Sri Lanka top trade chamber to brainstorm double digit growth in June
April 24, 2007 (LBO) – Sri Lanka's top trade chamber is kicking off an economic an investment forum in June, to boost growth to double digits and build …
Sri Lanka’s sovereign rating ‘negative’ outlook could be upgraded if budgets improve: Fitch
April 23, 2007 (LBO) – The 'negative' outlook on Sri Lanka's BB- rating could be upgraded to 'stable' if Sri Lanka could produce better budgets, reduce …
Sri Lanka’s exporters face new fees
April 22, 2007 (LBO) – Sri Lankan exporters have been slapped with a host of new fees that were increasing their costs, and reducing their …
Sri Lankan authorities try to counter money printing culpability
April 20, 2007 (LBO) – Authorities in Sri Lanka are trying to counter growing public awareness that 38.5 billion rupees were printed to finance the …
Sri Lanka rupee falls to a new low; overnight rates ease
April 19, 2007 (LBO) – The Sri Lanka rupee fell to a new low of 110.50 to the dollar in early trading Thursday dealers said, while short-term interest …