Hedge Bills
Nov 10, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) has already settled a part of its dues on hedging oil contracts and …
Petroleum Credit
Nov 10, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation owes 1.1 billion dollars in supplier's credit to Iran on crude bought in 2008, …
Hold It
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Pakistan, Sri Lanka and Vietnam most at risk of a credit downgrade: report
Nov 10, 2008 (LBO) – Pakistan, Sri Lanka and Vietnam are most at risk of a credit downgrade in Asia by the rating agency Standard and Poor's (S&P), amid …
Sri Lanka recent policy has crippled domestic industry: opposition
Nov 09, 2008 (LBO) - Sri Lanka's current economic framework has crippled domestic industry and protectionist taxes announced in the 2009 budget are …
Sri Lanka TV censorship condemned by media watchdog
Nov 08, 2008 (LBO) – Media watchdog Reporters Without Borders (Reporters sans frontiers or RSF) has condemned what it called live censorship on a Sri …
Unstable Policy
Nov 08, 2008 (LBO) – Sri Lanka has defended state manipulation of fuel prices which has de-stabilized the economy, brought high inflation and endangered …
Sri Lanka budget cuts taxes, but imposes new one
Nov 07, 2008 (LBO) – Sri Lankan accountants say the proposed cut in Value Added Tax (VAT) in the government's 2009 budget would not provide much relief …
Fuel Costs
Nov 06, 2008 (LBO) - Sri Lankan president Mahinda Rajapaksa said Wednesday the government had slashed retail fuel prices with immediate effect in an effort to …
Sri Lanka 2008 economic growth 6.0 to 6.5: Central Bank
Nov 06, 2008 (LBO) - Sri Lanka's economic growth is likely to fall to between 6.0 and 6.5 percent in 2008, the island's central bank has said, downgrading a …
Sri Lanka ruling party champions fiscal prudence, as opposition scrapes bottom
Nov 06, 2008 (LBO) – Sri Lanka's ruling party, whose fiscal profligacy caused high inflation and high interest rates while endangering the entire economy …
Sri Lanka government to spend Rs200bn for defence in 2009
Nov 06, 2008 (LBO) – Sri Lanka's government would spend 360 billion for capital expenditure in 2009, and 200 billion for defence, the island's president …
Sri Lanka proposes range of taxes and import cesses
Sri Lanka has proposed sweeping levies on imported foods, and consumer durables, jacked up a turnover based levy on international trade, trimmed value added …
Sri Lanka budget deficit projected at 6.5-pct of economy
Nov 06, 2008 (LBO) - Sri Lanka raised trade barriers and cut neutral value added taxes in its 2009 budget which is projected to have a deficit of 336 billion …
Obama reaches out to world, promising ‘new dawn’
CHICAGO, November 5, 2008 (AFP) - US President-elect Barack Obama said Tuesday that a new dawn of American leadership was at hand and stressed the shared …
History as Obama elected America’s first black president
WASHINGTON, November 5, 2008 (AFP) - Americans elected Democrat Barack Obama as their first black president Tuesday, in a transformational election which will …
US presidential election results (Update II)
WASHINGTON, November 5, 2008 (AFP) - Here is a tally of preliminary results in the US presidential election, based on projections by US networks. online …
Sri Lanka main opposition presents sunshine ‘budget’
Oct Nov 04, 2008 (LBO) – Sri Lanka's main opposition United National Party has revealed a sunshine 'budget' promising massive salary increases to the …
Sri Lanka defence, subsidy costs overshoot ahead of next budget
Nov 03, 2008 (LBO) – Sri Lanka's budget for 2009 will focus on keeping a military campaign on track while also providing resources to build …
Sri Lanka bad budgets, hot borrowings, dollar peg has endangered economy: IMF
Nov 01, 2008 (LBO) – Sri Lanka has to change its ways to protect itself from the negative effects of bad budgets, foreign borrowings, and a 'de facto' …