Newly appointed monetary board member Nimal Welgama declines the job
July 16, 2006 (LBO) – Businessman Nimal Welgama has declined a seat on the country's Monetary Board due to an ongoing inquiry by the Central Bank, …
Economy
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Sri Lanka fills monetary board vacancy
July 13, 2006 (LBO) - Upali Group chairman Nimal Welgama, has been appointed to the Monetary Board, the Central Bank of Sri Lanka said Thursday. Welgama has …
Sri Lanka’s trade deficit widens despite strong export growth in May
July 13, 2006 (LBO) – Sri Lanka's trade deficit expanded to 429 million dollars for the five months to May, amidst strong growth in export earnings. …
Tsunami displaced asked to build their own houses to beat costs
July 13, 2006 (LBO) – International donors who signed up to build homes for Sri Lankans displaced by the tsunami, are now altering plans to beat …
European Union to fund Sri Lanka’s war refugees
July 4, 2006 (AFP) - The European Union Tuesday announced seven million euros (8.9 million dollars) in aid for some 400,000 people displaced by the drawn-out …
Sri Lanka’s budget deficit expands to 3.2% by end April
July 4, 2006 (LBO) – Sri Lanka's budget deficit for the four months to April rose to 3.2 percent of GDP from 2.9 percent of GDP a year before as the …
Sri Lanka’s new Central Bank governor says he will protect its independence
July 3, 2006 (LBO) – Sri Lanka's newly appointed central bank governor says he will promote the independence of the institution, which has come under …
Sri Lanka’s inflation rate climbs to 17.7% in June
June 30, 2006 (LBO) – Sri Lanka's inflation rate for June jumped to 17.7 percent, official figures showed Friday, spurring concerns that the Central Bank …
Sri Lanka expects economy to expand by 8% this year
June 30, 2006 (LBO) – Sri Lanka's economy is expected to grow by a better-than-expected 8.0 percent, this year a senior government official said a day …
Killings slow Sri Lanka’s economic drive: World Bank
June 29, 2006 (LBO) – Sri Lanka's deteriorating security situation is undermining growth and slowing the island's attempts to snap out of the poverty …
Sri Lanka’s economy expands 8.1% first quarter: Central Bank
June 29, 2006 (LBO) – Sri Lanka's 24-billion dollar economy expanded by 8.1 percent during the first quarter of this year, ahead of a recent government …
Sri Lanka central bank responds to media reports over superannuation fund.
June 29, 2006 (LBO) – Sri Lanka’s Central Bank, which is the custodian of the superannuation fund of the country's private sector workforce said …
Sri Lanka needs to shake off its welfare state mentality: World Bank
June 26, 2006 (LBO) -- Sri Lanka's economic programmes must be protected from the political uncertainties of delicate coalitions and resolve the ethnic …
Sri Lanka 1Q06 GDP over 7%
June 16, 2006 (LBO) – Sri Lanka's 24-billion dollar economy has expanded in excess of seven percent during the first quarter of this year, a senior …
Sri Lanka gets a new country head for World Bank
June 2, 2006 (LBO) – Naoko Ishii will take over as country director of the World Bank in August from the incumbent Peter Harrold, the bank said Friday. …
Sri Lanka’s inflation rate climbs to 13.2% in May
May 31, 2006 (LBO) – Sri Lanka's inflation rate for May rose as short supplies of consumer eatables like cream cracker biscuits, rice, bread, red onions, …
Sri Lanka ships more goods in April; trade deficit widens
May 30, 2006 (LBO) – Sri Lanka's trade deficit – the broadest measure of international trade – expanded during the four-months to April to …
Sri Lanka to raise import tariffs for wheat to prop up rice prices
May 30, 2006 (LBO) – Sri Lanka plans to raise import tariffs on wheat to encourage paddy sales and shore up prices, treasury secretary P B Jayasundara …
Continuing violence slowing down aid projects: World Bank
May 19, 2006 (LBO) – An upsurge in violence in the north east part of Sri Lanka could slow down progress post-conflict development projects, a top World …
U.S. gives million dollars to spruce up tsunami shelters
May 18, 2006 (LBO) – The United States Thursday gave Sri Lanka a one million dollar grant to upgrade and improve the living conditions in 40,000 …