Sri Lanka has to fix SOE losses reduce currency pressure: IMF
Feb 04, 2012 (LBO) - Sri Lanka has to fix losses in key state enterprises as part of polices to slow credit and arrest the loss of foreign reserves, the …
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Sri Lanka president warns of external fallout
Feb 04, 2012 (LBO) - Sri Lanka's President Mahinda Rajapaksa warned of possible fallouts from a weak global economy during a speech to mark the island's …
Sri Lanka capital’s drainage, wetlands boosted with World Bank credit
Feb 03, 2012 (LBO) - Sri Lanka will boost drainage to reduce flooding and improve the wetlands around the capital Colombo in a 223 million dollar project which …
Sri Lanka mounts an interest rate defence on peg
Feb 03, 2012 (LBO) - Sri Lanka's Central Bank hiked rates by 50 basis points to 9. online pharmacy buy vibramycin with best prices today in the USA online …
Sri Lanka monetary tightening welcomed by IMF – Update
Feb 03, 2012 (LBO) - A hike in rates and a credit ceiling to rein in loan growth would help narrow a widening external deficit in Sri Lanka, but exchange rate …
Sri Lanka will not curb imports to maintain peg: CB Governor
Feb 01, 2012 (LBO) - Sri Lanka will not curb imports to stabilize the exchange rate, Central Bank Governor Nivard Cabraal said as a peg with the US dollar came …
Sri Lanka central bank clarifies IMF interest rates
Jan 31, 2012 (LBO) - Sri Lanka's central bank said it would only have to pay a higher interest rate for International Monetary Fund loans exceeding 300 percent …
Sri Lanka January inflation slows to 3.8-pct
Jan 31, 2012 (LBO) - Consumer prices in Sri Lanka's capital rose 3.8 percent in January 2012 from a year earlier, slowing from 4.9 percent in December 2011, …
Sri Lanka may not need IMF money: economic minister
Jan 30, 2012 (LBO) - Sri Lanka may not need the remaining 800 million dollars of International Monetary Fund money since reserves are still high, economic …
Sri Lanka contracts to China queried by legislator
Jan 27, 2012 (LBO) - A series of construction contracts given to Chinese firms mostly with borrowed money from China which will have to re-paid by Sri Lanka, …
Sri Lanka mulls special passports for business people
Jan 26, 2012 (LBO) - A Sri Lankan business chamber is negotiating with immigration authorities to secure special passports for business people to help them cut …
Sri Lanka needs to grow food to stabilize exchange rate: Treasury secretary
Jan 26, 2012 (LBO) - Sri Lanka has to grow more food to reduce imports which will help strengthen the exchange rate, Treasury Secretary P B Jayasundera said, …
Sri Lanka must not intervene excessively to maintain peg: economic minister
Jan 26, 2012 (LBO) - Sri Lanka should not intervene excessively to maintain a peg with the US dollar, economic development minister Basil Rajapaksa said as …
Sri Lanka in talks with Qatar for toll expressway, resorts: economic minister
Jan 26, 2012 (LBO) - The State of Qatar is in talks with Sri Lanka to build a toll expressway from the island's main international airport to the northwestern …
IMF cuts growth global forecast, Euro negative
Jan 25, 2012 (LBO) - The International Monetary Fund cut the forecast for world growth as a series of 'stimulus' measures by deficit spending failed, worsening …
Sri Lanka reconciliation, secular republics in focus
Jan 23, 2012 (LBO) - Building a secular state can prevent oppression of minorities and victims of an arbitrary state should learn to forgive but must also …
Sri Lanka’s Galle literary festival closes
Jan 23, 2012 (LBO) – Curtains came down on the five-day long Galle Literary Festival on Sunday with discussions on obsessive love, war and Indira Gandhi …
Crude Options
Jan 23, 2012 (LBO) - Sri Lanka will be able to import crude from Iran for at least six months before US sanctions make it impossible for payments to be made to …
Sri Lanka to discourage raw commodity exports
Jan 20, 2012 (LBO) - Sri Lanka's decision to raise taxes on exports in raw form and reduce those for raw material imports is to encourage local manufacture and …
Sri Lanka at risk from global slowdown: World Bank
Jan 19, 2012 (LBO) - Sri Lanka's post-war economic rebound is slowing and financial problems in key Western markets could reduce demand for the island's …