Economy

Sri Lanka joins ADB initiative to combat corruption

May 17, 2006 (LBO) – Sri Lanka Wednesday joined an Asian Development Bank- Organisation for Economic Co-operation and Development initiative to develop …

War fears batter investor confidence in Sri Lanka

COLOMBO, May 16, 2006 (AFP) - Fears Sri Lanka could return to civil war have punched a hole in investor confidence and wiped millions of dollars off the value …

Foreign loans, overseas remittances, keep Sri Lanka floating

May 15 (LBO) – Sri Lanka's balance of payments (BOP) has recorded a 150 million dollar surplus for the three months to March, the Central Bank said …

Violence, oil cast shadow on Sri Lanka

May 11 (Dow Jones)--The course of Sri Lanka's peace process has become crucial to the country's economy, as high oil prices threaten double-digit inflation. …

World Bank unlikely to cut cheap aid to Sri Lanka despite rising incomes

May 03 (LBO) – The World Bank has not taken a decision to end concessionary lending to Sri Lanka despite the tsunami-hit island reporting more than 1,000 …

Government agencies claim two rates of growth for Sri Lanka

May 01 (LBO) - The claims of two different growth rates for Sri Lanka by two agencies have highlighted inherent shortcomings in the preparation of national …

Sri Lanka’s April inflation swings up

Apr. 28 (LBO) – Sri Lanka’s inflation rate for April rose over consumer demands for bananas, fresh fish, milk foods and vegetables during the …

Sri Lankan exports fall as earnings from clothes decline

Apr.27 (LBO) – Exports from Sri Lanka fell four percent for the two months to February as the island shipped fewer clothes, the central bank said …

Sri Lanka aid donors to meet in Oslo

OSLO, Apr. 27, 2006 (AFP) - Sri Lanka's main international aid donors will meet in Oslo on Friday to brainstorm on how best to provide assistance against a …

Sri Lanka’s Central Bank calls for better fiscal policies to maintain stability

Apr.27 (LBO) - Sri Lanka's Central Bank has called for better fiscal policies and continued reforms to maintain growth and economic stability, in its annual …

Sri Lanka forecasts 1Q06 GDP at 6.8%

Apr. 26 (LBO) – Sri Lanka's economy is expected to grow at an annual pace of 6.8 percent during the first quarter of 2006, despite setbacks in the peace …

Woman suicide bomber kills 10, wounds Sri Lanka army chief

Apr. 25 (AFP) - A Tamil Tiger suicide bomber pretending to be pregnant blew herself up Tuesday seriously wounding Sri Lanka's army chief and killing 10 others, …

Suicide bombing blow to peace bid: monitors

Apr. 25 (AFP) - A suicide bombing aimed at Sri Lanka's army chief was "another serious blow" for a fragile ceasefire and attempts to broker peace between the …

Blasts heard in Sri Lanka rebel territory after suicide attack

Apr. 25 (AFP) - Loud explosions were heard in rebel-held parts of Sri Lanka Tuesday after the government accused Tamil Tiger guerrillas of a suicide bombing …

Tigers provoking backlash with killings: Sri Lanka

Apr. 24 (AFP) - Suspected Tamil Tiger rebels hacked to death a mother feeding her baby after gunning down six farmers in a killing spree designed to provoke a …

Rights group slams Sri Lanka for not saving Tamil civilians

Apr. 25 (AFP) - Sri Lankan security forces stood by as Sinhalese mobs murdered Tamils after a suspected Tamil Tiger bomb attack earlier this month at a busy …

More killings send tension soaring in Sri Lanka

Apr. 25 (AFP) - Tension gripped Sri Lanka's north-eastern Trincomalee district Tuesday after an overnight killing of a hotel owner police say was designed to …

Sri Lankan troops kill two Tiger suspects amid new tensions

Apr.24 (AFP) - Sri Lankan troops shot dead two men who were trying to set up a Claymore mine Monday intended for security forces in the island's east, a …

Sri Lanka seeks Tiger ban in Europe as toll hits 14

Apr. 23 (AFP) - Sri Lanka Sunday asked the European Union to designate Tamil Tiger rebels as terrorists, saying such a move could nudge them into resuming …

More blasts in Sri Lanka as Norway mounts new peace bid

Apr.21 (AFP) - Three policemen were killed and three injured in two mine attacks in Sri Lanka Friday, police said, as Norway launched a fresh bid to save the …