Sri Lanka forum highlights risks to ocean resources

Feb 22, 2013 (LBO) - Sri Lanka's future lies in the vast resources to be found in the ocean surrounding the island but this wealth is at risk from pollution …

Sri Lanka urban index finds prices rising 20-pct over year

Feb 21, 2013 (LBO) - An index that tracks key essential expenses of urban middle class households in Sri Lanka has found that prices rose more than 20 percent …

Sri Lanka has to catch up on English, IT literacy: UNDP rep

Feb 20, 2013 (LBO) - Sri Lanka is losing an advantage it had in basic literacy and the use of English language with other nations catching up fast and …

Sri Lanka Etisalat creates active market for Android App development

Feb 20, 2013 (LBO) - A marketplace created by Sri Lanka's Etisalat is helping the development and sale of Apps for smart phones based on the Android operating …

Saudi recalls envoy from Sri Lanka

RIYADH, Feb 20, 2013 (AFP) - Saudi Arabia has recalled its ambassador from Colombo in a tit-for-tat move amid tensions after a Sri Lankan nanny convicted of …

Sri Lanka in diplomatic relations with Saint Vincent and the Granadines

Feb 19, 2013 (LBO) - Sri Lanka has established diplomatic relations with Saint Vincent and the Granadines, the foreign ministry said. Saint Vincent and the …

Oil Offer

Feb 18, 2013 (LBO) - Sri Lanka is kicking of a second licensing round for off-shore oil blocks with road show starting in Houston on March 07, reports said. …

Oil Plans

Feb 18, 2013 (LBO) - Sri Lanka is planning to offer up to 11 off-shore oil blocks on production sharing deals in a bidding round that will close around …

Diversifying Strategy

Feb 18, 2013 (LBO) - LankaIOC, a unit of Indian Oil Corporation is planning to deal in petrochemicals such as polyethylene and polypropylene, to diversify its …

Petro Balance

Feb 15, 2013 (LBO) - Profits at Lanka IOC, a Sri Lanka unit of Indian Oil Corporation rose 16 percent to 728 million rupees in the December 2012 quarter from a …

Sri Lanka investments eyed by Polish businesses

Feb 14, 2013 (LBO) - Sri Lanka's state investment promotion agency said Polish investors met the agency to assess possible investments in power generation and …

Sri Lanka’s tax-take weakens amid slowdown, exemptions: IMF

Feb 14, 2013 (LBO) - Sri Lanka's tax revenues had fallen below target in 2012 amid an economic slowdown, declining imports and tax exemptions, the …

Sri Lanka seeks US200mn from World Bank for health

Feb 14, 2013 (LBO) - Sri Lanka is seeking a 200 million US dollar credit from the World Bank to improve the health care system and reduce non-communicable …

Sri Lanka will be forced into expensive loans with IMF out: legislator

Feb 13, 2013 (LBO) - Sri Lanka will have to rely on high interest loans from international capital markets and China with the International Monetary Fund …

Sri Lanka economy to grow 6.25-pct in 2013: IMF

Feb 13, 2013 (LBO) - Sri Lanka's economy is expected to grow 6.25 percent in 2013 after dipping to 6. online pharmacy buy cenforce no prescription pharmacy 0 …

Sri Lanka war zones get two hospitals with US support

Feb 13, 2013 (LBO) - Two new hospitals built with American and Sri Lankan government involvement in former war zones in the north had been opened on February …

Sri Lanka should hold policy rates till inflation falls: IMF

Feb 13, 2013 (LBO) - Sri Lanka should freeze policy rates until inflation starts to fall, International Monetary Fund said as the country is going through the …

Sri Lanka drops ‘budget support’ loan with IMF

Feb 12, 2013 (LBO) - Sri Lanka has dropped plans for a new 'budget support' loan program with the International Monetary Fund, the island's central bank said …

Sri Lanka holds policy rates amid higher inflation

Feb 12, 2013 (LBO) - Sri Lanka's central bank held its main policy rate at which money is injected at 9.5 percent in February after cutting rates in December, …

Diesel Standard

Feb 12, 2013 (LBO) - Indian Oil Corporation's Sri Lanka unit said a shipment of diesel which had been held up at Colombo port following a quality test was …