Volatile Pricing

Jan 01, 2009 (LBO) - Shell Gas Lanka, the Sri Lankan unit of the Shell multinational, said a new government tax and its inability to buy locally made liquid …

Sri Lanka repays Citibank, ICICI Bank loans

Dec 31, 2008 (LBO) – Sri Lanka has repaid 175 million US dollars in commercial loans, involving Citibank and India's ICICI Bank, and raised only 150 …

Sri Lanka inflation at 14.4-pct in December

Dec 31, 2008 (LBO ) - Consumer price inflation in Sri Lanka's capital Colombo fell to 14. buy elavil online …

Sri Lanka announces ‘stimulus package’ to maintain growth

Dec 30, 2008 (LBO) – Sri Lanka has announced a 'stimulus package' valued at 16 billion rupees to maintain growth at an optimistic 6.0 to 6.5 percent in …

Sri Lanka gives incentives to tea, rubber sectors

Dec 30, 2008 (LBO) – Sri Lanka's government has moved to protect and revive the tea and rubber industries with a host of incentives announced in a …

Sri Lanka government statisticians defend numbers

Dec 29, 2008 (LBO) – Sri Lanka's statistics office has defended their numbers from a growing tide of skepticism amid further revelations about the …

State workers to take less pay to save country

SAIPAN, December 29, 2008 (AFP) - The Northern Mariana Islands, faced with an escalating economic crisis, needs a four-day working week to cut costs, Governor …

Barrelling Down

LONDON, December 28, 2008 (AFP) - Oil prices, which hit record highs above 147 dollars a barrel this year before plunging under 33 dollars, risk slumping more …

Petrol Saga

Dec 27, 2008 (LBO) – Sri Lanka's main opposition United National Party (UNP) plans to file a contempt-of-court case against the government for its …

Gloomy year-end picture for global economy

WASHINGTON, December 27, 2008 (AFP) - Christmas retail sales plunged in the United States, a poll showed Friday, as Japan reported record cuts in production …

Christmas celebrations reflect on war, hardship

VATICAN CITY, December 25, 2008 (AFP) - War and economic hardship loomed over Christmas celebrations across the world Thursday, with Pope Benedict XVI …

Sri Lanka tsunami recovery hampered by lack of accountability: IDA

Dec 26, 2008 (LBO) - Sri Lanka's tsunami recovery efforts were hampered by lack of effective institutions, the International Development Association (IDA), …

China Plan

BEIJING, December 25, 2008 (AFP) - China has started filling tanks at its largest oil reserve, taking advantage of tumbling world crude prices, state media …

Volatile Price

Dec 24, 2008 (LBO) - The Sri Lanka unit of the Indian Oil Corporation, which slashed petrol prices in response to a Supreme Court order, raised the retail …

Sri Lanka southern businesses get IFC help

Dec 24, 2008 (LBO) - The International Finance Corporation (IFC), a member of the World Bank group, said it is helping streamline business licensing in Sri …

Sri Lanka spends a billion dollars on interventions

Dec 23, 2008 (LBO) - Sri Lanka has spent 266 million US dollars intervening in foreign exchange markets in November, taking the total over the past three …

Sri Lanka govt says enough fuel stocks available

Dec 19, 2008 (LBO) - Sri Lanka's state-owned Ceylon Petroleum Corporation has enough stocks and it is continuing to supply fuel stations, a minister said, …

Price Cut

Dec 19, 2008 (LBO) – Lanka IOC, a unit of Indian Oil Corporation, is cutting the retail price of petrol to 100 rupees a litre on an order by Sri Lanka's …

Sri Lanka looking for alternative foreign financing: Central Bank

De 19, 2008 (LBO) - Sri Lanka is looking for alternative sources of foreign funding, the central bank said, as global financial markets remained in turmoil and …

Sri Lanka inflation falling faster than expected: Central Bank

Dec 19, 2008 (LBO) – Sri Lanka's inflation is falling faster than expected, the Central Bank said, as a global collapse in commodities washed into the …