Economy

South Asia holds summit to build trade, fight terror

NEW DELHI, April 1, 2007 (AFP) - South Asian leaders meet in New Delhi this week to push for joint action against terrorism and efforts to overcome mistrust …

SAARC officials recommend Iran’s observer status

NEW DELHI, March 31, 2007 (AFP) - South Asian officials Saturday recommended observer status for Iran at next week's regional summit which will be dominated by …

Sri Lanka evaluates effectiveness of disaster warning system

March 31, 2007 (LBO) – Community-based disaster warning system technologies and their effectiveness were tested in a recent study conducted in 32 …

Inflation in Sri Lanka stabilizes in March amidst moves to change index

March 30, 2007 (LBO) – Consumer price inflation in Sri Lanka's capital Colombo fell by 1.7 percent in the month of March though the 12-month difference …

Sri Lanka government’s finances need fixing: Central Bank

March 30, 2007 (LBO) – Sri Lanka's central bank called for better government budgets to avoid money printing, changes in badly run state firms, more …

Sri Lanka’ diesel-petrol price gap worsens

March 30, 2007 (LBO) – The gap between petrol and diesel prices in Sri Lanka has widened further overnight with a hike of 7 rupees a litre by state owned …

Sri Lanka says meeting money growth targets, inflation easing

March 30, 2007 (LBO) – Sri Lanka’s Central Bank said Friday it had met its targets for first quarter reserve money expansion, a sign that it had …

Sri Lanka president calls for hard work to sustain economic growth

March 30, 2007 (LBO) – Sri Lankan President Mahinda Rajapakse Friday called for increased productivity and efficiency in both the state and private …

Sri Lanka grows by a blistering 7.7 percent in 2006

March 29, 2007 (LBO) – Sri Lanka grew by a blistering 7.7 percent in 2006, which is the highest on record, the country's statistics office said Thursday. …

Sri Lanka scrambles to boost confidence after air raid

March 27, 2007 (AFP) - Sri Lankan authorities are struggling to restore investor confidence a day after Tamil Tiger rebels launched an audacious air attack …

Sri Lanka’s state investment promotion body says industrial parks safe

March 27, 2007 (LBO) – Sri Lanka's state investment promotion body which runs industrial parks said they were not affected by a Tamil Tiger air raid, …

Sri Lanka needs more fiscal, monetary tightening; growth 6.1% in 2007 – ADB

March 27, 2007 (LBO) – Sri Lanka needs more monetary tightening and a smaller budget deficit to improve its economic fundamentals and bring inflation …

Sri Lanka offers bonus for kids to return coins in their piggy banks

March 27, 2007 (LBO) – Sri Lanka would offer an immediate 20 percent bonus in stationary for kids who break their piggy banks and deposit the coins in …

Tiger air raid a blow to Sri Lanka’s balance sheet

March 26, 2007 (AFP) - The first ever air attack by Tamil Tiger rebels is a psychological setback to Sri Lanka's military but could cause an even bigger blow …

Japan gives 320 million dollar loan to Sri Lanka

March 23, 2007 (AFP) - Japan gave Sri Lanka a 320-million-dollar loan Friday to build roads and improve drinking water supply in key cities, the Japanese …

Sri Lanka and India in trade talks in Colombo next week

March 22 (LBO) - Sri Lanka and India will hold another round of trade talks in Colombo next week on liberalizing professional services, investments and trade …

Sri Lanka switches to strong quantity targeting regime; policy rates unchanged in March

March 16 (LBO) – Sri Lanka's central bank kept its now largely irrelevant discount rate unchanged Friday, while its monetary policy actions in recent …

Sri Lanka’s exports grow but trade deficit widens

March 15 (LBO) – Sri Lanka's exports grew by 11.2 percent in January led by industrial exports which surged 15.6 percent, the Central Bank said Friday. …

Sri Lanka looks to raise more tax at local government level

March 14, 2007 (LBO) – Sri Lanka is looking for ways for local government bodies to collect more taxes to as part of the strategy to take economic …

Sri Lanka gets budgetary support grant from Japan

March 13, 2007 (LBO) -- Sri Lanka has secured a 10. online pharmacy buy ciprodex with best prices today in the USA online pharmacy buy doxycycline with best …