Sri Lanka arrests more Indian fishermen as tensions rise
COLOMBO, June 8, 2014 (AFP) - Sri Lanka's navy said Sunday it has arrested 73 Indian fishermen for illegal poaching amid heightened tensions between the …
Sri Lanka hikes milk powder taxes as world prices fall
June 4, 2014 (LBO) - Sri Lanka has hiked import levies on milk powder by 56 percent keeping prices high while world prices continue to fall, giving more …
Sri Lanka eyes nuclear power plant after 2030
June 4, 2014 (LBO) - Sri Lanka's state-run Ceylon Electricity Board has included nuclear power for the first time as a possible power generation option in 2031 …
Japan boosts Sri Lanka public sector capacity
June 03, 2014 (LBO) - Sri Lanka's public sector officials had been given a grant of 215 million yen (245 million rupees) in scholarships to follow Masters' …
Sri Lanka frees Indian fishermen to ease tensions
COLOMBO, June 3, 2014 (AFP) - Sri Lanka's President Mahinda Rajapakse has ordered the release of 29 Indian fishermen held on poaching charges, officials said …
Sri Lanka sees weak demand for poultry in 2013, feed costs high
June 03, 2014 (LBO) - Sri Lanka has seen weak demand for chicken in 2013 a top poultry firm while costs were elevated, a poultry firm said, as the country …
Sri Lanka foreign remittances to peak in 2017: CB Governor
June 02, 2014 (LBO) - Sri Lanka's foreign remittances is expected to peak in 2017 with those seeking employment abroad beginning to decrease, Central Bank …
Distilleries Company of Sri Lanka sees revenue pick up
May 31, 2014 (LBO) - Distilleries Company of Sri Lanka, the island's largest alcohol maker which was hit by tax hikes and incomes decimated from currency …
Sri Lanka seeks JVs with foreign investors to cater to domestic market
May 30, 2014 (LBO) - Sri Lanka wants foreign investors to set up joint ventures where the output will be allowed to be sold to the domestic market, investment …
Sri Lanka economic outlook positive; should watch external shocks, drought: IMF
May 30, 2014 (LBO) - The outlook for Sri Lanka's economy was positive with low inflation and stronger growth driven by exports, but the country should watch …
Sri Lanka’s inflation at 3.2-pct in May 2014
May 30, 2014 (LBO) - Sri Lanka's consumer prices rose 3.2 percent in the year to May 2014, slowing from 4.9 percent in April, though prices rose 0.buy …
Sri Lanka private consumption explains gap between GDP and reality: economist
May 29, 2014 (LBO) - Sri Lankan firms are experiencing a downturn, despite apparently high gross domestic product growth last year due to weak domestic …
Sri Lanka relaxes exchange controls, foreign investment in corporate debt
May 29, 2014 (LBO) - Sri Lanka has allowed foreign investors to buy debt securities of unlisted private companies also relaxed a series of exchange controls on …
Foreign direct investment in to Sri Lanka doubles to US442mn in 1Q
May 29, 2014 (LBO) - Foreign direct investments into Sri Lanka doubled from a year earlier to 442 million US dollars in the first quarter of 2014, investment …
Sri Lanka’s central bank does not want the rupee to appreciate quickly: Deputy Governor
May 28, 2014 (LBO) - Sri Lanka's Central Bank did not want the rupee to appreciate quickly and had bought dollars heavily in the market to prevent an …
Sri Lanka borrows US$275mn from ADB for roads, education
May 27, 2014 (LBO) - The Asian Development Bank said it would loan 175 million US dollars to build roads and boost the state university system to generate …
Sri Lanka President, Indian PM discuss fishing, post-war reconciliation
May 27, 2014 (LBO) - Sri Lanka's President Mahinda Rajapaksa had discussed the island's post-war reconciliation process and an fishing dispute with India's new …
Sri Lanka’s forex reserves US$8.1bn; BOP surplus up with weak credit
May 26, 2014 (LBO) - Sri Lanka's balance of payments surplus or the gap between international receipts and payments widened to 828.8 million US dollars, the …
Sri Lanka employment diversity forum by SLASSCOM with all female panel
May 25, 2014 (LBO) - Sri Lanka's information technology chamber is has organized a forum on workplace diversity, with a top Microsoft executive and academic to …
Picketty’s data which could be used to expand ruler powers over people flawed: report
LONDON, May 24, 2014 (AFP) - French economist Thomas Piketty's best-selling book on income inequality is flawed by errors in his data, the Financial Times …