Sri Lanka 3Q06 GDP 7.5%, says Central Bank while cutting full-year growth to 7%
December 29, 2006 (LBO) – Sri Lanka's economy grew 7.5 percent in the third quarter ended Sept. 30, the central bank said Friday, while lowering …
Economy
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Central Bank of Sri Lanka says more monetary tightening needed as inflation rages
December 29 (LBO) – Sri Lanka's central bank said further monetary tightening was needed to contain inflation as consumer prices in December went up by …
UN slams Sri Lanka’s warring parties on tsunami anniversary
Dec 26, 2006 (AFP) - The United Nations slammed Sri Lanka's warring parties for stalling tsunami reconstruction efforts Tuesday as the island marked the second …
Japan gives loudhailers to mark Sri Lanka tsunami anniversary
Dec 26, 2006 (AFP) - Japan Tuesday gifted loudhailers and life jackets to Sri Lanka's police to mark the second anniversary of the tsunami which killed 31,000 …
International Monetary Fund to wind up operations in Sri Lanka in Jan ’07
December 23, 2006 (LBO) – The International Monetary Fund will close its office in Sri Lanka from mid next month, the global financial watchdog said …
IMF asks Sri Lanka to pay close attention on economic reforms, amidst high inflation
December 22, 2006 (LBO) – The International Monetary Fund Friday asked Sri Lanka to go slow on hiring public servants and pay more attention to reduce …
Sri Lanka free floating’ tag ripped by IMF
December 22 (LBO) – Sri Lanka's exchange rate regime has been re-classified to a managed float from free float after violating International Monetary …
Sri Lanka’s rich western province leads economic growth again in 2005
December 21 (LBO) – Sri Lanka’s rich western province has led the list again of top contributors to the island’s economic growth last year, …
Sri Lanka’s government to acquire property in Fort to build a Presidential Square
December 20, 2006 (LBO) – Sri Lanka’s president Mahinda Rajapakse has given notice to owners of prime property around his official residence, that …
Corruption swallows aid as Sri Lanka marks tsunami anniversary
Dec 18, 2006 (AFP) - Corruption and ethnic violence is blocking a flood of foreign aid for Sri Lanka's tsunami survivors two years after the massive disaster, …
A window for Sri Lanka to catch-up and move forward using historical advantages
November 16 (LBO) - Sri Lanka should grasp the opportunities to grow its services sector using historical advantages, as India has already started to do, …
Corruption watchdog slams Sri Lanka tsunami relief agencies for financial secrecy
December 15 (LBO) – Corruption watchdog Transparency International slammed tsunami relief agencies in Sri Lanka on Friday for sloppy work and scant …
Sri Lanka’s top lenders meet to discuss future funding, development plans
December 15, 2006 (LBO) – Sri Lanka's main international lenders are due to meet late next month to asses their ongoing projects and discuss future …
South Asia, Sri Lanka, headed for sharper fall if policy is not tightened in time: World Bank
December 14 – (LBO) The South Asian region, including Sri Lanka, which experienced robust growth in 2006, may face a sharper and disruptive slowdown, …
Sri Lanka’s economy grows 7.4 percent in the third quarter
December 13, 2006 (LBO) – Sri Lanka's economy grew 7.4 percent in the third quarter of this year, the island's Census and Statistics Department said …
Sri Lanka’s exports dip by over 11% in Oct on fall in apparel, tea and industrial goods
December 13 (LBO) – Sri Lanka’s exports dipped by over 11 percent in October, the country’s Central Bank said Wednesday, on the back of a …
ADB pumps in additional US$ 60 mn for water project due to cost overruns
December 13, 2006 (LBO) – A sudden rise in construction prices, government duties and taxes, has forced the Asian Development Bank to stump up an extra …
Trade unions force Sri Lanka to scrap newer consumer inflation index
December 13, (LBO) – A newer price index covering a larger geographical area, which represented a broader socio-economic category is being scrapped …
Sri Lanka fiddles with imported food prices as inflation rages
November, 05 (LBO) – Sri Lanka's finance ministry said Tuesday it was cutting duty on imported potatoes and onions in a bid to control rising food prices …
Sri Lanka micro lenders on rating watch over merger move with 30-pct dud loan state bank
December 01 (LBO) – Six Sri Lankan regional development banks were put on a ratings watch on Friday, rating agency Fitch Lanka said, following government …