Category: Economy

Sept 06, 2012 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said it is holding a business forum with the participation of the World Bank’s International Finance Corporation is to discuss opportunities in the Greater Mekong region in South East Asia. Dorabawila will speak on ‘South-South Business Development and Investment for Sri Lanka: Opportunities and […]

Sept 03, 2012 (LBO) – A real estate project by India’s Krrish group in the heart Sri Lanka’s capital Colombo will have four towers including an 80 storey one sitting on a 10-storey podium block, the island, investment promotion agency said. State land around ‘Transworks House’ a British colonial era administration building will be given […]

Aug 30, 2012 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 9. 5 percent in August 2012 from a year earlier, easing slightly from 9. 8 percent in July, with the index falling in absolute terms in the month, the state statistics office said. The Colombo Consumer Price Index fell 0. 6 percent […]

Aug 28, 2012 (LBO) – India will build a 200-bed ward complex at Vavuniya hospital in Sri Lanka’s north as a fully grant funded 200 million rupee project, the Indian high commission (embassy) in Colombo said. “The Project envisages construction of a four-storey ward complex to improve the existing infrastructure of the Hospital to meet […]

Aug 28, 2012 (LBO) – Lanka Milk Foods, a unit of Sri Lanka’s Stassen group said it was eyeing former war zones in the north and east of the country for expansion, while it operated within complex state interventions. LMF’s imported milk business was hit by state price controls and import duties but it also […]

Aug 26, 2012 (LBO) – Sri Lanka’s Navy said it arrested 98 boat people in two multi-day fishing vessels who were bound for Australia, taking the total arrested or rescued to 1,076 in the past three months, according to data released so far. In July the Navy had rescued or intercepted 542 people including 08 […]

Aug 10, 2012 (LBO) – Sri Lanka’s northern province which had been badly hit by three decades of war had the highest rate of economic growth in 2011 as a post-war revival continued, the central bank said. The North Western and Southern provinces benefiting from construction, trade, manufacturing, transport, and financial services recorded the next […]

August 05, 2012 (LBO) – A Sri Lankan infrastructure specialist is sharing ideas on how loss-making state enterprises can transform themselves into a profitable venture in a new book written in Sinhala. Apata Galapena Arthika Kramaveda, a collection of articles on economics in Rohan Samarajiva, expert on infrastructure policies and C J Amaratunga, veteran journalist, […]

August 04, 2012 (LBO) – A free trade deal between India and Sri Lanka has actually helped stabilise the island’s trade deficit with her larger neighbour, a senior economist has said. Concerns among Sri Lankan protectionist forces about the Indo-Lanka free trade agreement, that it was lopsided and favoured India, were largely misplaced, said Saman […]

August 03, 2012 (LBO) – Sri Lanka’s budget continued to be under pressure in May with the gap between total revenues at 119 billion rupees or 1.6 percent of gross domestic product but the pace of spending increases has slowed from a month earlier, official data showed. State finances performed much worse that last year, […]