Sri Lanka state water board makes operational profit

April 24, 2012 (LBO) - State-run National Water Supply and Drainage Board has made a 1.9 billion rupees operational profit with higher revenues and a slight …

Offshore Potential

April 24, 2012 (LBO) - Cairn India which struck gas in two offshore wells in Sri Lankan waters last year has indicated that at least one may have commercial …

Sri Lanka bank credit fall from peak in February

Apr 23, 2012 (LBO) - Sri Lanka's commercial banks loaned 55.3 billion rupees to private business in February 2012 higher than in January and state credit also …

New ILO-World Bank study suggests tools to tide over economic shocks

April 21, 2012 (LBO) - Policymakers across the world should to develop a more robust labour market and expand workers social insurance cover, to tide over …

Sri Lanka IMF program staff report released

Apr 20, 2012 (LBO) - In perhaps a new shift to transparency Sri Lanka has released an International Monetary Fund staff report prepared to support the 7th …

Sri Lanka prematurely commended for avoiding trade sanctions

Apr 20, 2012 (LBO) - The International Monetary Fund has prematurely commended Sri Lanka for not imposing trade sanctions on itself, in a bid to end a balance …

Sri Lanka to grow 7.0-pct in 2012: ADB

Apr 18, 2012 (LBO) - Sri Lanka will grow 7.0 percent in 2012 with tighter monetary policy brought in to strengthen the exchange rate and cut inflation and will …

Sri Lanka’s CPC lose Rs94bn in 2011

Apr 17, 2012 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation lost 94 billion rupees in 2011 up from 27 billion rupees a year earlier, largely due to …

Sri Lanka expected global shock to slow credit: CB Governor

Apr 16, 2012 (LBO) - Sri Lanka expected a global slowdown to moderate credit in the second half of 2012 and did not tighten monetary policy but spent foreign …

Sri Lanka policy uncertainty deterring investment: ADB

April 16, 2012 (LBO) - Private investment in post-war Sri Lanka has not risen as anticipated because it still lacks a "predictable policy environment" which …

Sri Lanka IMF disbursement credit positive: Moody’s

Apr 16, 2012 (LBO) - The resumption of a loan program with the International Monetary Fund is positive for Sri Lanka's 'B1' credit rating, as it will help …

World has to restore sound public finances sooner or later: IMF’s Lagarde

Apr 13, 2012 (LBO) - The world has to restore sound public finances, while some are forced to cut deficits fast others have to do it slowly, Christine Lagarde …

Sri Lanka CEOonline resource centre launched

Apr 11, 2012 (LBO) - An online resource centre with the participation of prominent business leaders, chief executives, academics and economists has been …

Sri Lanka state enterprises urged to adopt market pricing

April 11, 2012 (LBO) - Sri Lanka's central bank has called on loss-making state enterprises to ensure financial viability by better management and market …

Sri Lanka aims at forex reserves of 4.5 months of imports: CB Governor

Apr 10, 2012 (LBO) - Sri Lanka would aim to maintain foreign reserves equal to 4. online pharmacy buy doxycycline with best prices today in the USA buy …

Sri Lanka unemployed down to 4.2-pct: data

Apr 10, 2012 (LBO) - Sri Lanka's unemployment fell to 4.2 percent in 2011 from 4.9 percent a year earlier with more people being employed in agriculture and …

Sri Lanka revenue crunch continues in 2012

Apr 09, 2012 (LBO) - High state spending is continuing to put pressure on the economy with billions of rupees being printed in April to meet expenses on top of …

Sri Lanka to spend Rs89bn on war zones, rapid normalcy: President

Apr 09, 2012 (LBO) - Sri Lanka is planning to spend 89 billion rupees to re-build former war zones in the north and the east in 2012 to bring the areas to …

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Sri Lanka had 38-months of low inflation: CB Governor

Apr 07, 2012 (LBO) - Sri Lanka has had single digit inflation for the past 38-months and no crisis in the banking system, despite a short-term weakening of the …