Sri Lanka tax appeals process seen flawed, unjust
Sept 23, 2010 (LBO) - Sri Lankan tax payers are at the mercy of an unfair system with no proper appeal mechanism and aging members of a review board not …
Economy & Markets
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Sri Lanka stocks close up 1.03-pct
Sept 23, 2010 (LBO) - Sri Lankan shares edged higher into record territory Thursday with prices of a couple of firms invoved in a change of ownership soaring, …
Sri Lanka upgrades growth forecast for 2010
Sept 23, 2010 (LBO) - Sri Lanka has upgraded its growth forecast to between 7.5 to 8.0 percent for 2010, on a better than expected second quarter economic …
Sri Lanka gets ‘B1’ rating from Moody’s
Sept 22, 2010 (LBO) - Moody's Investors Service said it had given a 'B1' sovereign rating for Sri Lanka with a 'stable' outlook on the end of a war, low …
Sri Lanka stocks close up 2.8-pct
Sept 21, 2010 (LBO) - Sri Lankan shares closed higher Tuesday in trading marked by a change in control of an asset-rich pharamaceutical firm and the first …
Sri Lanka central bank holds policy rates steady
Sept 21, 2010 (LBO) - Sri Lanka's central bank said it has decided to hold policy interest rates steady at a meeting Tuesday given falling market rates and …
Sri Lanka B+ sovereign rating outlook lifted to positive: Fitch
Sept 21, 2010 (LBO) - The outlook on Sri Lanka's 'B+' sovereign rating has been lifted to 'positive' from 'stable' on the end of a 30-year war and an agreement …
Sri Lanka urban development agency making heavy losses
Sept 20, 2010 (LBO) - Sri Lanka's Urban Development Authority (UDA) has been making losses from 2006 and the accumulated loss by December 2009 was 1.buy …
Sri Lanka budget revenues on track, expenses up in July
Sept 20, 2010 (LBO) - Sri Lanka's state revenues were on track with a projected budget for the first seven months to July 2010 but current expenses have …
Sri Lankan stocks close up 0.99-pct
Sep 20, 2010 (LBO) - Sri Lankan stocks closed at another record high Monday, after a 10 percent upward and downward price band was lifted, while heavy buying …
Sri Lanka probes negligence after dynamite depot blast
KARADIYANARU, September 18, 2010 (AFP) - Sri Lankan authorities on Saturday probed negligence as a possible cause of a powerful blast at a dynamite depot in …
Global brands face growing labour militancy in Asia
DHAKA, September 19, 2010 (AFP) - Global retailers fleeing China's rising labour costs now find themselves facing growing pressure for higher wages in …
Sri Lanka begins clearing after major accidental blast
KARADIYANARU, September 18, 2010 (AFP) - Sri Lankan authorities Saturday began clearing rubble and wreckage after 25 people were killed in the first major …
Hong Kong gold hits record high
HONG KONG, September 17, 2010 (AFP) - The price of gold struck a record high above 1,280 US dollars an ounce in Hong Kong trade on Friday. buy amoxicillin …
Corruption threatens Indonesia’s economic rise: IMF
JAKARTA, September 17, 2010 (AFP) - The International Monetary Fund warned Friday Indonesia must make fighting corruption a priority if it wants to build on …
Sri Lanka blast death toll revised down to 27: military –
September 17, 2010 - Sri Lanka's military more than halved the estimated death toll from an accidental blast at an explosives depot on Friday, saying 27 people …
Sri Lankan stocks close up 2.17-pct
Sept 17, 2010 (LBO) - Sri Lankan stocks continued to rally to break 6,400 point mark Friday, from strong gains across the board, while strong buying interest …
Sri Lanka to rebuild fishery harbours in war-torn north
Sept 16, 2010 (LBO) - Sri Lanka will rebuild two fishery harbours in the north of the island as part of a strategy to develop maritime resources in the region …
Sri Lanka economy grows 8.5-pct: statistics office
Sept 16, 2010 (LBO) - Sri Lanka's economy is estimated to have grown by 8.5 percent during the second quarter of 2010 from a year earlier, which is the highest …
Sri Lankan stocks close up 1.69-pct
Sept 16, 2010 (LBO) - Sri Lankan stocks recovered to pass the 6,300 points mark Thursday, from price gains on index heavy and midcap stocks, while Hotel …