New Sri Lanka investment chief assures faster approvals, encourages local investors
April 18, 2007 (LBO) – Sri Lanka’s new investment promotion chief said Wednesday he wants to speed up approvals but also be more selective in …
Economy
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Sri Lanka spends 54% percent of tax revenue on government jobs; unemployment down to 6.5%
April 17, 2007 (LBO) – Sri Lanka has spent 54 cents out of every tax rupee collected last year on government jobs and pensions, while plans are afoot to hire …
Conflicts doubled global displacement in 2006, report says
GENEVA, April 16, 2007 (AFP) - The number of people displaced within their own countries by conflicts doubled last year, pushing the global total to 24.5 …
Sri Lanka state firm bank debt has doubled in a year: Central Bank
April 15, 2007 (LBO) – Sri Lanka's state corporation debt to the banking system has doubled in 2006, with energy firms accounting for most of it, the …
Sri Lanka’s February trade deficit narrows despite higher petroleum imports
April 11, 2007 (LBO) – Sri Lanka's trade deficit narrowed to 144.5 million dollars in February despite oil import costs moving up, the central bank said …
Sri Lanka’s central bank says liquidity limits are working
April 10, 2007 (LBO) – Sri Lanka's tight quantity targeting regime is paying off, and the central bank said Monday it would continue with the 'current …
Sri Lanka’s port reaches 3-year wage deal with unions
April 10, 2007 (LBO) - Sri Lanka's main port has struck a 3-year agreement with trade unions to raise the minimum monthly salary by 3,000 rupees, a senior …
Have no fear, Sri Lanka’s top taxman tells tax payers
April 07, 2007 (LBO) – Tax payers need not fear the Inland Revenue Department, according to Sri Lanka’s chief tax officer who faces the daunting …
Fuel prices will not affect essential food prices during the season: Minister
April 06, 2007 (LBO) – The prices of essential food items that have been set a retail price during the New Year season will not be affected if fuel …
Sri Lanka civil servants to get new cars at low prices
April 6, 2007 (AFP) - Sri Lanka is offering drastic customs duty cuts to help over 20,000 civil servants import new cars, the finance ministry said Friday. …
Sri Lanka asked to get house in order ahead of opening up services
April 06 (LBO) – Sri Lanka is hoping to open its service sectors to neighboring India, but analysts say the country should first get local regulations in …
Fernando sees Sri Lanka to thrilling win over England
ST JOHN'S, Antigua, April 4, 2007 (AFP) - Dilhara Fernando took a wicket with the last ball of the match to seal a dramatic two-run win for Sri Lanka against …
Central Bank of Sri Lanka makes record profits from money printing, inflation and debauching its currency
April 05, 2007 (LBO) – Sri Lanka's central bank posted a massive 27 billion rupee profit in 2006 as the economy inflated and the currency depreciated due …
Looming risk in Sri Lanka’s rising foreign commercial loans
April 4, 2007 (LBO) – Increased reliance on foreign currency loans by Sri Lanka’s government and private sector could spell danger ahead if they …
More foreign aid needed to reach Millennium Development Goals: UNDP
April 04, 2007 (LBO) – Aid to poor countries has fallen since 2005, threatening the achievement of Millennium Development Goals, (MDGs) the head of the …
Sri Lanka bans cruelty to bulls in April races
April 04, 2007 (LBO) - Sri Lanka announced a cracked down on cruelty to bulls at cart races during next week's New Year celebrations, President Mahinda …
Closer regional ties could increase trade and reduce energy shortages: World Bank
April 03, 2007 (LBO) – South Asia’s high economic growth has created a new momentum for closer regional integration, which can increase trade and …
Sri Lanka’s central bank says ‘bad money’ is under control
April 03, 2007 (LBO) – Sri Lanka central bank says it had met the 17.2 percent money growth number it had set for itself for March, with actual money …
Sri Lanka’s opposition pokes fun at government growth numbers
April 03, 2007 (LBO) – Sri Lanka's main opposition United National Party poked fun at the government's economic performance as two agencies produced two …
Sri Lanka’s inflation promoters call for higher minimum wage: report
April 02, 2007 (LBO) – A trade union connected to a Sri Lankan political party whose policy influence expanded the budget deficit and drove inflation to …