Quantum Leap
May 17, 2006 (LBO) – Runaway global oil prices is expected to cost Sri Lanka 2,250 million dollars this year, the government said Wednesday, in a broad …
Sri Lanka joins ADB initiative to combat corruption
May 17, 2006 (LBO) – Sri Lanka Wednesday joined an Asian Development Bank- Organisation for Economic Co-operation and Development initiative to develop …
Lame Excuse
May 16 (LBO) – A top economist tells Sri Lanka not to delay petroleum pricing reforms by taking cover behind potential oil reserves. Sri Lanka is a net …
War fears batter investor confidence in Sri Lanka
COLOMBO, May 16, 2006 (AFP) - Fears Sri Lanka could return to civil war have punched a hole in investor confidence and wiped millions of dollars off the value …
Foreign loans, overseas remittances, keep Sri Lanka floating
May 15 (LBO) – Sri Lanka's balance of payments (BOP) has recorded a 150 million dollar surplus for the three months to March, the Central Bank said …
New Wing
May 11 (LBO) – The government has given state oil giant Ceylon Petroleum Corporation the go ahead for a feasibility study to double capacity at its …
Violence, oil cast shadow on Sri Lanka
May 11 (Dow Jones)--The course of Sri Lanka's peace process has become crucial to the country's economy, as high oil prices threaten double-digit inflation. …
Breaking Ground
May 11 (LBO) – Sri Lanka began construction of it first coal power plant on Thursday in Norachcholai on the island's West Coast, amidst protests by …
New Deal
May 08 (LBO) – The Power Ministry said Monday that it would pump in funds to upgrade 100 state held fuel sheds, left over from privatising Sri Lanka's …
Going Upstream
May 2 (LBO) – Sri Lanka is setting up an upstream oil company as the country gets ready to auction several off-shore oil exploration blocks, Petroleum …
World Bank unlikely to cut cheap aid to Sri Lanka despite rising incomes
May 03 (LBO) – The World Bank has not taken a decision to end concessionary lending to Sri Lanka despite the tsunami-hit island reporting more than 1,000 …
Government agencies claim two rates of growth for Sri Lanka
May 01 (LBO) - The claims of two different growth rates for Sri Lanka by two agencies have highlighted inherent shortcomings in the preparation of national …
Iranian Shadow
LONDON, Apr. 28 (AFP) - World oil prices eased Friday on receding worries over US motor oil supplies but held above 70 dollars per barrel on rising tensions …
Sri Lanka’s April inflation swings up
Apr. 28 (LBO) – Sri Lanka’s inflation rate for April rose over consumer demands for bananas, fresh fish, milk foods and vegetables during the …
Sri Lankan exports fall as earnings from clothes decline
Apr.27 (LBO) – Exports from Sri Lanka fell four percent for the two months to February as the island shipped fewer clothes, the central bank said …
Sri Lanka aid donors to meet in Oslo
OSLO, Apr. 27, 2006 (AFP) - Sri Lanka's main international aid donors will meet in Oslo on Friday to brainstorm on how best to provide assistance against a …
Sri Lanka’s Central Bank calls for better fiscal policies to maintain stability
Apr.27 (LBO) - Sri Lanka's Central Bank has called for better fiscal policies and continued reforms to maintain growth and economic stability, in its annual …
Sri Lanka forecasts 1Q06 GDP at 6.8%
Apr. 26 (LBO) – Sri Lanka's economy is expected to grow at an annual pace of 6.8 percent during the first quarter of 2006, despite setbacks in the peace …
Cruising Along
Apr.26 (LBO) – Lanka IOC, a unit of Fortune 500 Indian Oil Corportaion, is confident of maintaining uninterrupted supplies from their tank farm in …
More killings send tension soaring in Sri Lanka
Apr. 25 (AFP) - Tension gripped Sri Lanka's north-eastern Trincomalee district Tuesday after an overnight killing of a hotel owner police say was designed to …