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 …
Economy & Markets
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Treasury yields shoot up
December 20, 2006 (LBO)-- Sri Lanka's treasury bill rates rose sharply at Wednesday's auction following after the central bank hiked its key policy rate by …
Sri Lanka’s Central Bank moves to sooth currency markets
December 20, 2006 (LBO) - Sri Lanka's central bank Wednesday sought to pour oil on troubled waters saying currency depreciation to date is consistent with past …
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, …
Consumer goods giant Singer goes for LKR300 mn debenture
December 18, 2006 (LBO) - Consumer goods giant Singer (Sri Lanka) is issuing a 300 million rupee debenture to support its growing hire purchase business. The …
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, …
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 …
Sri Lanka hikes rates; asks banks to raise deposit rates
December 15, (LBO) - Sri Lanka's central bank raised its policy reverse repo rate at which cash is pumped into the system by 37. buy champix online …
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 …
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 to raise US$100 mn from syndicated loan
December 14, 2006 (LBO) - Sri Lanka Thursday signed up for a 100 million dollar syndicated from Citigroup to help pay for budgetary and balance of payment …
Sri Lanka’s economy grows 7.4 percent in the third quarter
December 13, 2006 (LBO) – Sri Lanka's economy grew 7.4 percent in the third quarter of this year, the island's Census and Statistics Department said …
Sri Lanka’s exports dip by over 11% in Oct on fall in apparel, tea and industrial goods
December 13 (LBO) – Sri Lanka’s exports dipped by over 11 percent in October, the country’s Central Bank said Wednesday, on the back of a …
ADB pumps in additional US$ 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 …
Sri Lanka’s inflation hits 19.8% as Central Bank credit climbs to Rs 100 bn
November 30, 2006 (LBO) – Consumer prices in Sri Lanka shot up to 19.8 percent in November from 17.2 percent in October, the Census & Statistics …
Sri Lanka Central Bank shows first signs of ending loose monetary policy
November 30 (LBO) – Sri Lanka's Central Bank showed the first signs of ending its loose monetary policy after shunting the country into a balance of …
Humble Philippine peso coin worth more abroad than at home
MANILA, Nov 29, 2006 (AFP) - With a face value of less than two US cents the humble Philippine one peso coin may be worth next to nothing at home but in …