Tag: Sri Lanka

May 31, 2011 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 8. 8 percent in May 2011 from a year earlier, decelerating from a high of 9.8 percent in April, the government’s statistics office data showed. The country’s interbank money markets are flushed with excess liquidity. But in the month of May the […]

May 30, 2011 (LBO) – International Finance Corporation, the World Bank’s private sector financing arm, said it could double investments in Sri Lanka to nearly 70 million dollars a year after a 30-year war ended in the country. “We are ready to step up our investment in the post conflict era,” Pavol Wajda, program coordinator […]

May 30, 2011 (LBO) – International Finance Corporation, World Bank’s private sector arm, Dialog Axiata and IBM Corporation is seeing growing use of a web based business training platform backed by mobile delivery in Sri Lanka, officials said. IFC’s business toolkit developed by IBM has been adapted to Sri Lanka since 2008 targeting small and […]

May 30, 2011 (LBO) – A proposed controversial ‘pension’ bill to strengthen state control over forced retirement savings of private sector workers will not apply to export industrial zones, the government said as protesters and police were injured in clashes. Sri Lanka has had three armed uprisings in the past four decades where tens of […]

May 29, 2011 (LBO) – Protests against a controversial attempt by the state to grab long term control of private sector workers’ retirement funds and deduct more money from their salaries are rising. The Sunday Times newspaper said more than 10,000 workers from Sri Lanka’s export processing zones took part in protests last week. Workers […]

May 23, 2011 (LBO) – Sri Lanka’s inflation is expected to come down in May following spike to 9. 8 percent in the 12-month to April and the central bank is comfortable with the current interest rates, Governor Nivard Cabraal said. Sri Lanka has a pegged exchange rate and foreign exchange market interventions generate rupees […]

May 23, 2011 (LBO) – An international terrorism expert has suggested Sri Lanka’s private sector should employ former Tamil Tiger separatist fighters who have been rehabilitated to help ensure they don’t return to violence. Sri Lanka’s 30-year ethnic war ended in May 2009 resulting in accelerated economic growth and a tourism boom. Gunaratna said many […]

BIG SKY, May 22, 2011 (AFP) – As high food prices push millions of people into poverty, major farming nations are resisting calls to impose trade restrictions and are committing to keep global markets open. APEC — a 21-member Asia-Pacific bloc that encompasses more than half of the world economy and includes the United States, […]

May 21, 2011 (LBO) – Sri Lanka former war-torn has shown the highest nominal growth among all regions (before inflation adjustment) after the end of a 30-year war and the momentum is expected to continue, Central Bank Governor Nivard Cabraal said. The war in the north ended in May 2009, but military activities in the […]

May 19, 2011 (LBO) – A top US central banker has suggested that the Federal Reserve drop ‘core inflation’, a sham index that has been used to deceive people for decades and fire economic bubbles by setting a deceptive target that understates actual price rises. Core inflation excludes prices of food and energy and represents […]