Sri Lanka may deduct more money from private worker salaries

Sept 24, 2010 (LBO) - Sri Lanka's government may take away more money from the salaries of private sector workers to set up another pension fund, a government …

Sri Lanka upgrades growth forecast for 2010

Sept 23, 2010 (LBO) - Sri Lanka has upgraded its growth forecast to between 7.5 to 8.0 percent for 2010, on a better than expected second quarter economic …

Sri Lanka tax appeals process seen flawed, unjust

Sept 23, 2010 (LBO) - Sri Lankan tax payers are at the mercy of an unfair system with no proper appeal mechanism and aging members of a review board not …

Sri Lanka gets ‘B1’ rating from Moody’s

Sept 22, 2010 (LBO) - Moody's Investors Service said it had given a 'B1' sovereign rating for Sri Lanka with a 'stable' outlook on the end of a war, low …

Sri Lankans among Sydney rooftop protesters: refugee activist

SYDNEY, September 21, 2010 (AFP) - A group of protesting asylum-seekers Tuesday threatened to leap from the roof of a Sydney detention centre where a Fijian …

Sri Lanka B+ sovereign rating outlook lifted to positive: Fitch

Sept 21, 2010 (LBO) - The outlook on Sri Lanka's 'B+' sovereign rating has been lifted to 'positive' from 'stable' on the end of a 30-year war and an agreement …

Sri Lanka urban development agency making heavy losses

Sept 20, 2010 (LBO) - Sri Lanka's Urban Development Authority (UDA) has been making losses from 2006 and the accumulated loss by December 2009 was 1.buy …

Sri Lanka budget revenues on track, expenses up in July

Sept 20, 2010 (LBO) - Sri Lanka's state revenues were on track with a projected budget for the first seven months to July 2010 but current expenses have …

Sri Lanka probes negligence after dynamite depot blast

KARADIYANARU, September 18, 2010 (AFP) - Sri Lankan authorities on Saturday probed negligence as a possible cause of a powerful blast at a dynamite depot in …

Global brands face growing labour militancy in Asia

DHAKA, September 19, 2010 (AFP) - Global retailers fleeing China's rising labour costs now find themselves facing growing pressure for higher wages in …

Sri Lanka begins clearing after major accidental blast

KARADIYANARU, September 18, 2010 (AFP) - Sri Lankan authorities Saturday began clearing rubble and wreckage after 25 people were killed in the first major …

Sri Lanka blast death toll revised down to 27: military –

September 17, 2010 - Sri Lanka's military more than halved the estimated death toll from an accidental blast at an explosives depot on Friday, saying 27 people …

Hong Kong gold hits record high

HONG KONG, September 17, 2010 (AFP) - The price of gold struck a record high above 1,280 US dollars an ounce in Hong Kong trade on Friday. buy amoxicillin …

Corruption threatens Indonesia’s economic rise: IMF

JAKARTA, September 17, 2010 (AFP) - The International Monetary Fund warned Friday Indonesia must make fighting corruption a priority if it wants to build on …

Sri Lanka releases Economist magazine

Sept 16, 2010 (LBO) - Sri Lanka has allowed its citizens to read the latest issue of The Economist magazine, which carries a story on a controversial change in …

Sri Lanka to rebuild fishery harbours in war-torn north

Sept 16, 2010 (LBO) - Sri Lanka will rebuild two fishery harbours in the north of the island as part of a strategy to develop maritime resources in the region …

Sri Lanka economy grows 8.5-pct: statistics office

Sept 16, 2010 (LBO) - Sri Lanka's economy is estimated to have grown by 8.5 percent during the second quarter of 2010 from a year earlier, which is the highest …

Japan intervenes in forex markets for first time since 2004

TOKYO, September 15, 2010 (AFP) - Japan on Wednesday intervened in currency markets for the first time since 2004 in a bid to stem the yen's appreciation …

Sri Lanka securities watchdog halts broker credit

Sept 15, 2010 (LBO) - Sri Lanka's Securities and Exchange Commission has ordered brokering firms to "absolutely refrain" from giving credit for clients to …

Sri Lanka ‘pilot census’ to begin in October

Sept 14, 2010 (LBO) - Sri Lanka's statistics office has completed most of the preliminary work to conduct its first island-wide population count in 30-years …