Sri Lankans are encouraged to be poor by politicians: minister

June 20, 2009 (LBO) – Politicians are responsible for killing the entrepreneur spirit of Sri Lankans by making them believe 'capitalism' is evil and …

Rising Oil

June 18, 2009 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation had asked Sri Lanka's petroleum ministry permission to raise petrol and diesel pump …

South Bunker

June 18, (LBO) – Sri Lanka is getting a 65 million US dollars loan from China's Exim Bank to build an oil storage facility in the Southern coastal town …

Sri Lanka meeting admits Maldives into regional clearing group

June 18, 2009 (LBO) – the Asian Clearing Union (ACU), regional transaction settlement arrangement that tries aimed at by passing hard currency use, has …

Sri Lanka lose 96,000 industrial jobs: official survey

June 18, 2009 (LBO) – Sri Lanka's industrial sector has lost 96,000 jobs in the first quarter of 2009 with the apparel workers losing 60,000 jobs and …

Sri Lanka pins economic recovery on post-war revival

June 17, 2009 (LBO) – Sri Lanka's growth which plummeted to 1.5 percent in the first quarter may pick up later in 2009 with an agriculture and …

Sri Lanka public sector scam vies with private sector ones: minister

June 17, 2009 (LBO) – Sections of Sri Lanka's bloated public sector are stealing peoples' money in the same corrupt manner as high profile private sector …

Sri Lanka GDP growth slows to 1.5-pct in 2009 first quarter

June 17, 2009 (LBO) - Sri Lanka's economic growth slowed to 1. online pharmacy buy spiriva inhaler with best prices today in the USA 5 percent in the first …

Sri Lanka should reach out to Tamil: US envoy nominee

WASHINGTON, June 16, 2009 (AFP) - Sri Lanka needs to reach out to its Tamil minority and improve conditions for hundreds of thousands of displaced after …

Gas Diplomacy

June 16, 2009 (LBO) – The Netherland's envoy to Sri Lanka has raised concerns about the government pricing of liquefied petroleum gas of top Dutch firm …

Sri Lanka central bank cut rates to boost post-war recovery

June 16, 2009 (LBO) - Sri Lanka cut its main policy discount rate by 50 basis points to 11.00 percent to boost credit and support post war economic recovery, …

Sri Lanka Tamil Tigers ‘reorganise’ struggle for separate state

June 16, 2009 (AFP) - The few surviving leaders of Sri Lanka's defeated Tamil Tigers announced Tuesday they were reorganising the rebel movement and forming a …

Sri Lanka water utility still cannot cover costs

June 15, 2009 (LBO) - Sri Lanka's national water supply and drainage board (NWS&DB) has given 34 percent of the population pipe-borne water, but it still …

Sri Lanka 1Q state revenues down 8.2-pct

June 15, 2009 (LBO) – Sri Lanka's state revenues fell 8.2 percent to 144.9 billion rupees in the first quarter of 2009, while rising expenses have …

IMF projects ‘solid’ US recovery in mid-2010 but big risks

WASHINGTON, June 15, 2009 (AFP) - The International Monetary Fund projected Monday the United States would make a "solid" recovery from recession in mid-2010, …

Sri Lanka seeks post-war aid from UAE: foreign minister

June 13, 2009 (AFP) - Sri Lanka on Saturday sought aid from the United Arab Emirates to rebuild swathes of land devastated by the near four decades long ethnic …

Sri Lanka private sector, UNHCR pave the way for returning refugees

June 12, 2009 (LBO) – A United Nations agency is getting private sector support to help re-settle a part of the 660,000 refugees in the country who are …

Sri Lanka state workers take home 53.6-pct of 2008 taxes

June 12, 2009 (LBO) - Sri Lanka's state salaries and pensions ate up 53.6 percent of tax revenues in 2008, while 129,135 workers were added to an already …

IMF loan “urgency” easing, won’t beg for aid: CB chief

June 12, 2009 (AFP) - War ravaged Sri Lanka will not beg for foreign aid even as a 1. buy lipitor online buy lipitor online no prescription 9 billion dollar …

Sri Lanka loses Rs10bn on tax slashed cars to state workers

June 12, 2009 (LBO) - Import duty waivers for Sri Lankan state workers to buy cars has lost the country over 10 billion rupees in revenue in 2008, a report by …