Sri Lanka inflation spikes in May, but moderating trend still seen
May 30, 2007 (LBO) – Sri Lanka's inflation spiked in May by a massive 3 percentage points, reversing a three month trend of falling prices, but the …
Economy & Markets
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Some 30,000 Sri Lankans return home in east: UNHCR
GENEVA, May 29, 2007 (AFP) - Some 30,000 Sri Lankans who had fled fighting in the east of the country have returned to their homes over the past two weeks …
Sri Lanka gilt rates up amidst heavy government borrowing
May 29, 2007 (LBO) - Sri Lanka's three-month Treasury bill average yield edged up 22 basis points to 16.91 percent as the government raised 11.9 billion rupees …
Sri Lanka money printing debate takes new turn as controversy erupts over inflation graph
May 28, 2007 (LBO) – A controversy has erupted over a graph published in Lanka Business Online, which shows a co-relation between inflation and central …
Sri Lanka export industry threatened by tax refund delays
May 28, 2007 (LBO) – Delays in making value added tax (VAT) refunds are forcing Sri Lankan exporters to borrow at high cost and threatening export …
Sri Lanka Telecom sale gets cabinet ok; next step management deal
May 25, 2007 (LBO) - Prospective Malaysian shareholders of Sri Lanka Telecom are seeking wide-ranging management control to purchase a 25 percent stake …
Sri Lanka gets World Bank cash to help Tamil Tiger ‘ethnic cleansing’ victims
May 25, 2007 (LBO) – The World Bank Friday agreed to give Sri Lanka a soft loan of 32 million dollars to help tens of thousands Muslim victims of Tamil …
Sri Lankan women still earn less than men
May 24, 2007 (LBO) – Women with qualifications and experience similar to males get paid an average 18 percent less, according to research, but the …
Sri Lanka’s tsunami affected areas get schools from United States
May 23, 2007 (LBO) – The United States has subcontracted a Sri Lankan firm to construct five schools in the south of the island a week after it awarded a …
Sri Lanka central bank expects to meet June reserve money target ‘comfortably’
May 22, 2007 (LBO) – Sri Lanka will reach the June reserve money target 'comfortably' with interest rates at current levels, the Central Bank said in its …
Central Bank of Sri Lanka steadfast on low inflation and economic stability: Governor
May 22, 2007 (LBO) – Sri Lanka's Central Bank will diligently pursue its aim of economic and price stability and not finance the budget deficit with …
Sri Lanka clearing VAT refunds backlog, govt revenue recovering: Treasury Secy
May 22, 2007 (LBO) – Government revenue is improving and the Inland Revenue Department hopes to clear most of the backlog in value added tax refunds in …
Sri Lanka inflation may spike a little, but continue to fall: Central Bank
May 21, 2007 (LBO) – Though Sri Lanka's inflation will continue to fall with tight monetary policy, there may be spikes due to administered price rises …
Sri Lanka – Jordan govts and trade chambers sign new deals ahead of G11 summit
SHUNEH, Jordan, May 19, 2007 (AFP) - Heads of state and representatives of 11 developing countries meet in Jordan on Saturday to draw up a platform of …
Money printing Zimbabwe central bank push inflation to 3,714% in April
HARARE,, May 17, 2007 (AFP) - Zimbabwe's annual inflation surged to 3,714 percent in April, ahead of a new pricing and incomes law approved by President Robert …
Sri Lanka’s ‘Flying Tiger’ guerilla air force will face losses within months: analyst
May 17, 2007 (LBO) – The Tamil Tiger guerilla air wing will bear losses before the year-end as the military gains technology and experience to counter …
Merchant Bank of Sri Lanka diversifies into property, personal loans
May 16, 2007 (LBO) - Merchant Bank of Sri Lanka, a subsidiary of Bank of Ceylon, is considering diversifying into property development to boost its …
Remittances rescue Sri Lanka’s balance of payments
COLOMBO, May 16, 2007 (AFP) - Sri Lanka recorded a trade deficit of 659.5 million dollars in the first quarter, but foreign remittances pushed the overall …
Sri Lanka seeks to diversify investment into agro, metal industries
May 15, 2007 (LBO) –Sri Lanka is keen on attracting investments in sectors such as agro and metal industries, the island's minister of investment …
Sri Lankan construction firms eye overseas contracts
May 11, 2007 (LBO) – Sri Lanka's construction industry is seeking to export professional services and eyeing opportunities in the building boom in the …