Sri Lanka expects rupee to stabilise below 125 to the dollar
Mar 22, 2012 (LBO) - Sri Lanka's rupee should stabilise below 125 to the US dollar once the initial adjustment to the currency's float and seasonal demand work …
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Sri Lanka economic sanctions ruled out by US
Mar 21, 2012 (LBO) – The United States will not push for economic sanctions on Sri Lanka despite calls for a probe into alleged war crimes, Robert Blake, …
Sri Lanka consumer protection activism seen weak
Mar 20, 2012 (LBO) - Sri Lankan consumer protection activism remains weak because of a lack of awareness and will, leaving consumers vulnerable to the lobbying …
Oil Opportunity
Mar 20, 2012 (LBO) - A wide range of business opportunities is opening up for Sri Lankan companies in the emerging hydrocarbon exploration and production …
Sri Lanka business groups oppose UN war crimes resolution
Mar 20, 2012 (LBO) - Sri Lanka's business chambers have opposed a resolution in the United Nations Human Rights Council against alleged war crimes in the …
Lube Location
Mar 19, 2012 (LBO) - Chevron Lubricants Lanka, a unit of the US based group said it will re-locate its blending and packing plant with the end of a land lease …
Sri Lanka might lose Indian support on war crimes issue: reports
Mar 19, 2012 (LBO) - India might vote against Sri Lanka in the United Nations Human Rights Council which is debating alleged war crimes in the island, news …
Sri Lanka should watch external developments, learn lessons: banker
Mar 17, 2012 (LBO) - Sri Lanka should watch global developments closely, in particular the unfolding scenario in Europe and learn lessons, Saliya Rajakaruna, …
Oil Agenda
Mar 15, 2012 (LBO) - Sri Lanka will auction shallow water blocks in the Mannar Basin to oil exploration companies soon following the discovery of gas by Cairn …
Safe Search
Mar 15, 2012 (LBO) - Sri Lanka is considering setting up a regional safety training for the oil and gas industry following the discovery of gas in its offshore …
Sri Lanka 2012 economic growth downgraded to 7.2-pct
Mar 14, 2012 (LBO) - Sri Lanka's economic growth for 2012 has been downgraded to 7.2 percent from an earlier projected 8.0 percent, but inflationary pressures …
Sri Lanka to slap price controls on drugs amid warnings
Mar 11, 2012 (LBO) - Sri Lanka will soon bring a law to control prices of drugs, a media report said amid protests from the pharmaceuticals trade which had …
Three Sri Lanka soldiers found shot dead in Jaffna: Update
Mar 09, 2012 (LBO) - Three soldiers assigned to provide security to a Hindu temple were found shot dead in Jaffna in Sri Lanka's north Friday morning, military …
Sri Lanka urban agency in talks with India’s Tata on US$50mn project
Mar 08, 2012 (LBO) Sri Lanka’s Urban Development Authority is in talks with India's TATA Housing Development Company, to develop an underserved area in …
Sri Lanka opportunities scouted by Dubai group
Mar 06, 2012 (LBO) - Dubai-based All Futtaim group which already owns a motor dealer and insurer is scouting fresh opportunities in leisure and real estate, …
Price Signals
Mar 05, 2012 (LBO) - Sri Lanka's Gampaha district in the Western province bordering the capital Colombo was the area with the highest kerosene consumption with …
Burning Loss
Mar 03, 2012 (LBO) - Giving subsidized furnace oil to a state-run power utility was the main main source of losses at a petroleum utility, while the private …
Sri Lanka’s central bank says S&P downgrade unwarranted
Feb 29, 2012 (LBO) - Sri Lanka's Central Bank says an outlook and rating by Standard & Poor's in the wake of balance of payments pressure is unwarranted …
UK restricts skilled workers; allows servants, scientists
Mar 01, 2012 (LBO) - The United Kingdom has tightened immigration rules, ending automatic settlement for skilled workers but allowing scientists and those in …
Sri Lanka hoping to resume IMF program: Central Bank
Mar 01, 2012 (LBO) - Sri Lanka is planning to resume a deal with the International Monetary Fund which can boost the island's forex reserves which had fallen …