Sri Lanka needs sensible monetary and fiscal policies: IMF report

Sept 22, 2007 (LBO) – Sri Lanka needs sensible fiscal and monetary policies and less fiscal dominance of the economy, a new report by the International …

Sri Lanka rejects criticisms on human rights probe

Sept 22, 2007 (LBO) – Sri Lanka's attorney-general's department has rejected criticism of the island's human rights record made by an independent, …

Sri Lanka mine blast kills bus driver

Sept 22, 2007 (AFP) - A powerful mine hit a civilian bus near Sri Lanka's northeastern port of Trincomalee on Saturday, killing its driver and wounding two …

Sri Lanka downgrades official growth forecast

Sept 21, 2007 (LBO) – Sri Lanka has downgraded its economic growth forecast to between six and seven percent for 2007 as a fast growing public sector and …

Sri Lanka tax office clearing tarnished reputation, says official

Sept 21, 2007 (LBO) – Sri Lanka's tax department is slowly regaining its reputation which had been tarnished by a tax scam and complaints of bullying tax …

Sri Lanka fighter jets bomb Tiger areas

Sept 21, 2007 (AFP) - Sri Lankan war planes bombed a Tamil Tigers' ammunitions store in the north of the island Friday, causing heavy damage, the defence …

Sri Lanka minister rejects charges of funds misuse

Sept 21, 2007 (LBO) – Sri Lanka's deputy finance minister Ranjith Siyambalapitiya rejected charges that the government had misused funds in starting a …

Sri Lanka minister block queries over pension fund losses; new questions emerge

Sept 20, 2007 (LBO) – A government minister blocked reporters from questioning officials about real losses made by a pension fund of private sector …

Sri Lanka rights probe is flawed, top panel says

COLOMBO, Sept 19, 2007 (AFP) - A top international panel on Wednesday accused Sri Lanka of failing to honour promises to investigate grave human rights …

Sri Lanka president appoints brother to parliament

COLOMBO, Sept 19, 2007 (AFP) - Sri Lanka's President Mahinda Rajapakse Wednesday appointed his younger brother as a member of parliament, officials said, in a …

Sri Lanka conflict exacerbates malnutrition: charity body

COLOMBO, Sept 19, 2007 (AFP) - Sri Lanka's lengthy separatist conflict is compounding problems of malnutrition on the island, an international charity said …

Sri Lanka opposition accuses govt of misusing public funds

Sept 19, 2007 (LBO) - Sri Lankan opposition leader Ranil Wickremesinghe Wednesday accused the government of illegally channeling state funds to a new budget …

Sri Lanka trade deficit narrows in July, import growth slows

Sept 18, 2007 (LBO) – Sri Lanka's trade deficit has narrowed in July with oil imports slowing and exports growing by 33.9 percent, the Central Bank said …

Panel urges UN to act on Sri Lanka killings

Sept 18, 2007 (AFP) - The Asian Human Rights Commission asked the United Nations Tuesday to intervene to end extra-judicial killings in Sri Lanka, where it …

Sri Lanka celebrates ‘biggest’ naval success

COLOMBO, Sept 17, 2007 (AFP) - Navy chiefs in Sri Lanka organised a party Monday to welcome back teams involved in what they claim was the government's biggest …

Sri Lanka busts US$250mn to prop up exchange rate

Sept 17, 2007 (LBO) – Sri Lanka has spent more than 200 million US dollars to prop up the rupee during the past four months in an intervention campaign …

Sri Lanka needs to crush Tamil Tigers, top official says

TRINCOMALEE, Sri Lanka, Sept 17, 2007 (AFP) - A top Sri Lankan official said Monday that Tamil Tiger rebels need to be defeated, an apparent shift in the …

Sri Lankan business gives nod to ‘limited’ military action against Tigers

Sept 17, 2007 (LBO) – Sri Lanka's top business chamber wants to create a lobby group to push for peace but at the same times has acknowledged the …

Sri Lanka says military campaign needed for stability and investment

September 16, 2007 (LBO) – Sri Lanka's defence establishment has told the business community that it was working to a plan to defeat Tamil Tiger …

Sri Lanka steps up search after 28 killed in fresh violence

COLOMBO, Sept 16, 2007 (AFP) - Sri Lankan troops stepped up search operations for Tamil rebels in the embattled north and east after 28 people were killed in a …