Sri Lanka central bank keeps policy rates unchanged

Oct 19, 2010 (LBO) - Sri Lanka's central bank will maintain benchmark interest rates at current levels as inflation remains low, credit flows are picking up …

Canada welcomes Thai move on Tamil migrants

OTTAWA, October 19, 2010 (AFP) - Ottawa on Monday welcomed Thailand's arrest for possible deportation more than 150 Tamil migrants who some reports said wanted …

Sri Lanka foreign minister slams ‘colonial’ rights groups

LONDON, October 19, 2010 (AFP) - Sri Lanka's foreign minister Gamini Lakshman Peiris rejected "colonial" criticism Tuesday of a government-appointed civil war …

Bitumen Packer

Oct 18, 2010 (LBO) - Sri Lanka's state-run Ceylon Petroleum which has a 95 percent market share in bitumen, is looking for an investor to set up and run a …

Sri Lanka may have 20,000 illegals mainly from Pakistan, India: report

Oct 17, 2010 (LBO) - Sri Lanka may have about 20,000 guest workers, mainly from India and Pakistan working as labourers, domestic workers, cooks and waiters in …

Sri Lanka’s war probe slams rights groups

October 15, 2010 (AFP) - Sri Lanka's government-appointed war probe Friday reprimanded foreign rights groups that rejected an invitation to testify and said …

Sri Lanka rulers can set example by paying taxes: ex public servant

Oct 16, 2010 (LBO) - Sri Lanka's rulers can set an example to the people by starting to pay taxes and the increasing privileges of elected officials can …

Sri Lanka mini-hydro firm looks for cash to expand

Oct 15, 2010 (LBO) - Sri Lanka's Hydro Power Free Lanka is looking for 350 million rupees in equity to build three new plants while the firm also has a revenue …

Sri Lanka may trim 25 taxes on business to 15: official

Oct 15, 2010 (LBO) - A report on reforms to Sri Lanka's complex national and regional taxes will recommend consolidating 25 different existing taxes into 15 or …

Sri Lanka 2011 budget process gets underway

Oct 15, 2010 (LBO) - Sri Lanka's 2011 budgeting process will get underway with the presentation of an 'appropriation bill' in parliament on October 19, and …

Singapore pushes currency up to counter dollar inflation

SINGAPORE, October 14, 2010 (AFP) - Singapore on Thursday announced a surprise move to tighten monetary policy, pushing the local dollar to new highs as the …

Sri Lanka should be re-assessed by US business: Asst. Trade Rep

Oct 13, 2010 (LBO) - Sri Lanka should be re-assessed by US businesses after the end of a 30-year war as the country moves forward in a peaceful environment …

Trio of labour market specialists wins 2010 Economics prize

STOCKHOLM, October 12, 2010 (AFP) - Three labour market experts, including one blocked for a top post at the US Federal Reserve, won the 2010 Nobel Economics …

Protests over jailing of Sri Lanka’s ex-army chief

October 11, 2010 (AFP) - Thousands of protestors marched through the streets of Sri Lanka's capital Monday, demanding the release of ex-army chief and …

Gas Wrap

Oct 12, 2010 (LBO) - Sri Lanka's government is expecting to wrap up the purchase of Shell's gas unit in the island within a month, Sirisena Amarasekera, who …

Sri Lanka to shift away from quantity targets: CB Governor

Oct 11, 2010 (LBO) - Sri Lanka is "unlikely" to announce direct targeting of reserve money next year and will rely more on "traditional instruments" as the …

Sri Lanka state sell-down proposals spell new direction

Oct 09, 2010 (LBO) - Planned sell-downs of two state enterprises charts a new direction in Sri Lanka's post-war economic strategy that can make state firms …

Canada to unveil law to deter illegal migrants

OTTAWA, October 7, 2010 (AFP) - Canada's Prime Minister Stephen Harper said Thursday his government would soon unveil a law to deter illegal immigration in …

Australia renews push for regional immigration centre

SYDNEY, October 8, 2010 (AFP) - Australia will urge Indonesia, Malaysia and East Timor to back its proposal for a regional centre to process asylum-seekers …

Gas Buy

Oct 07, 2010 (LBO) - Sri Lanka will purchase a 51 percent stake in a liquid petroleum gas distributor in the island from Shell, a Dutch oil firm, for 63 …