Sri Lanka opposition, govt trade charges over sanctions threat

April 17, 2008 (LBO) – Sri Lanka's main opposition political party says the island is facing international isolation and economic sanctions, a charge …

Sri Lanka central bank decries over staffing of government sector

April 16, 2008 (LBO) – Sri Lanka's central bank has criticised the practice of ruling party politicians of stuffing the state sector with their …

Pricing Issue

April 16, 2008 (LBO) – Sri Lanka would raise fuel prices before the end of the month after running losses of 7.2 billion rupees in 2008, petroleum …

Persian Present

April 16, 2008 (LBO) – Iranian President Mahmoud Ahmadinejad will flag off a billion dollar oil refinery in Sri Lanka, as part of his state visit to the …

Sri Lanka’s war, fiscal reversals, policy stance hit sovereign rating: S&P

April 16, 2008 (LBO) - Sri Lanka's internal war and a reversal in 'tentative' improvements in state finances had made the country less able to weather shocks, …

Singleton

April 15, 2008 (LBO) – Sri Lanka will only award one out of three offshore oil blocks in the north west of the island for which international oil …

Sri Lanka told to clean up human rights record

April 15, 2008 (AFP) - A team of top legal luminaries told Sri Lanka's government on Tuesday to clean up its human rights record, saying an escalating war …

Offshore Riches

April 15, 2008 (LBO) – Sri Lanka's Central Bank has called for the setting up of a high-powered decision-making body, possibly headed by the president, …

Hedging Profits

April 15, 2008 (LBO) – Sri Lanka's state-run Ceylon Petroleum Corporation (CPC) said it had earned profits of 7 million US dollars in March reducing …

IMF says dollar-pegged nations hit by ‘full brunt’ of commodity bubble; what can Sri Lanka do?

April 14, 2008 (LBO) – Countries pegged to the US dollar have felt the 'full brunt' of recent increases in commodity prices, a top IMF official said …

Ron Paul slams Federal Reserve as US money printing de-stabilize world

April 13, 2008 (LBO) – Texas Congressman Ron Paul has slammed the Federal Reserve for printing money to manipulate interest rates and undermining the …

Sri Lanka lifts tax surcharge from personal incomes

April 12, 2008 (LBO) – Sri Lanka has lifted a surcharge on personal income tax from February 2008, but it would remain in place for companies, the …

Cooling inflation in Sri Lanka and Vietnam a priority rather than growth: IMF

April 12, 2008 (LBO) – Though some Asian nations are worried about slower growth in the wake of financial turmoil in the US, countries like Sri Lanka and …

Sri Lankan president urges unity as 10 more deaths reported

April 12, 2008 (AFP) - Sri Lankan President Mahinda Rajapakse called for national unity Saturday in his traditional New Year message as 10 more deaths were …

Sri Lanka JVP lawmaker arrested in latest twist in split drama

April 11, 2008 (LBO) – A lawmaker of Sri Lanka's Janatha Vimukthi Peramuna (JVP) party was arrested Friday for stealing tax-free vehicles bought by rebel …

Sri Lanka budget off target, real revenues fall in 2007

April 10, 2008 (LBO) – Sri Lanka's state revenues were sharply lower than budgeted and current expenditure soared in 2007 while taxes slipped in real …

Sri Lanka president urged to stop ‘war on journalists’

April 10, 2008 (LBO) – A host of media rights groups from around the world have written to Sri Lankan president Mahinda Rajapakse urging him to 'stop the …

Sri Lanka’s Central Bank says IMF inflation study is wrong

April 09, 2008 (LBO) – Sri Lanka's central bank has strongly disputed findings in an International Monetary Fund study, which went against official …

Sri Lanka says 93 troops killed in March

April 9, 2008 (AFP) - At least 93 Sri Lankan soldiers were killed and another 686 injured during clashes with Tamil Tiger rebels last month, the prime minister …

Sri Lanka asks World Bank to fund highway to Jaffna

April 08, 2008 (LBO) – Sri Lanka has asked the World Bank to fund a highway to the northern Jaffna peninsular, which is now cut off from the rest of the …