World moving towards new monetary system: Zoellick

SINGAPORE, November 10, 2010 (AFP) - The global economy is moving towards a new monetary system with gold emerging as a preferred alternative to existing …

Sri Lanka passes gaming law

Nov 10, 2010 (LBO) - Sri Lanka passed a gaming law which allowed casinos to be set up in areas designated by a minister, legalizing an activity that has anyway …

Sri Lanka tightens grip on foreign aid workers: officials

November 10, 2010 (AFP) - Sri Lanka's government said Wednesday it had ordered foreign and local aid workers to register with the defence ministry in a move to …

World Bank chief fires gold standard debate amid Fed money printing

Nov 09, 2010 (LBO) - World Bank chief Robert Zoellick has fired a debate on a return to gold as a monetary anchor with the United States engaging in new money …

Sri Lanka’s ‘bread battle’ bankrupts 2,000 bakers: industry

November 9, 2010 (AFP) - A Sri Lankan government campaign against bread and other wheat products has forced some 2,000 bakers out of business and left many …

Sri Lanka unemployment lower in 2Q, but industry jobs fall: survey

Nov 08, 2010 (LBO) - Sri Lanka's unemployment fell to 5.4 percent of jobseekers in the second quarter of 2010, down from a peak of 6.2 percent a year earlier, …

Sri Lanka gets World Bank loans for small business, tourism

Nov 08, 2010 (LBO) - The World Bank said it will give Sri Lanka 125.4 million US dollars for three projects to support Small and Medium Enterprises, tourism …

Sri Lanka credit pick up may reduce excess liquidity: Deputy Governor

Nov 06, 2010 (LBO) - Growing credit and imports may reduce excess rupee reserves in Sri Lanka's banking system which built up as the central bank bought …

Oil Plan

NEW DELHI, Nov 5 (Asia Pulse) - State-owned Indian Oil Corp is eyeing a contract to revamp and expand the sole refinery in Sri Lanka. IOC's interest in …

Sri Lankan president postpones British visit: official

November 5, 2010 (AFP) - Sri Lankan President Mahinda Rajapakse has postponed a planned visit to Britain, due to a busy schedule rather than fears of a arrest …

Sri Lanka stays in place in Doing Business 2011 ranking

Nov 04, 2010 (LBO) - Sri Lanka was retained its place at 102 in a ranking of 183 countries for ease of doing business, by the World Bank group for 2011 though …

Sri Lanka would like foreigners to buy private debt in future: Deputy Governor

Nov 04, 2010 - (LBO) - Sri Lanka is not looking to increase Treasuries sales to foreigners but would like them to buy private debt once capital markets are …

Sri Lanka investment agency says will honour obligations

Nov 04, 2010 (LBO) - Sri Lanka's Board of Investment (BOI) said it will continue to honour all contractual obligations and to accept new investment …

Gas Demand

Nov 04, 2010 (LBO) - A share issue by Sri Lankan liquid petroleum gas supplier Laugfs Gas to raise 2. online pharmacy buy diflucan with best prices today in …

Sri Lanka buys Shell LP Gas unit

Nov 03, 2010 (LBO) - Sri Lanka's government has bought liquefied petroleum gas distribution operations of Royal Dutch Shell in the island for 63 million US …

Sri Lanka credit could improve on a better budget direction: Moody’s

Nov 03, 2010 (LBO) - A 2011 budget that will broaden the tax base and cut tax holidays will help improve the outlook on Sri Lanka's credit rating, but an …

Final Stretch

Nov 03, 2010 (LBO) - Sri Lanka's government is scheduled to wrap up the purchase of liquefied petroleum gas distribution operations of Royal Dutch Shell for 63 …

Gas Move

Nov 03, 2010 (LBO) - The state-run Sri Lanka Insurance Corporation (SLIC) will help operate a liquid petroleum gas business the government acquired after …

Sri Lanka could gain 1.5-pct of GDP revenue by tightening tax holidays: IMF

Nov 01, 2010 (LBO) - Sri Lanka can gain as much as 1.5 percent of gross domestic product in revenue by limiting tax holidays, and also cut tax rates if the …

Sri Lanka think tank warns against reliance on foreign loans

Nov 01, 2010 (LBO) - Depending too much on foreign borrowings to fuel growth in post-war Sri Lanka can be risky, the Institute of Policy Studies (IPS), a think …