Tag: Sri Lanka
Sri Lanka foreign reserves steady
Apr 04, 2011 (LBO) – Sri Lanka’s foreign reserves were flat at 6. 7 billion US dollars in February 2011, helped by a 200 million dollar injection form the International Monetary Fund, though reserves measured in months of imports have fallen slightly. By February reserves measured in terms of imports had come down to 5.8 […]
Sri Lanka inflation gap widens with dollar-pegged Asia
Apr 02, 2011 (LBO) – Sri Lanka’s inflation has started to pull ahead of dollar pegged Asia with consumer prices in March rising 8.6 percent from a year earlier, despite a fall in food prices as non-food prices inflated. In the month of March the food portion of Sri Lanka’s Colombo Consumers’ Price index fell […]
Petrol Hike
Apr 02, 2011 (LBO) – Sri Lanka has raised fuel arbitrarily jacking up petrol far above cost while keeping diesel mostly used mostly by businesses low, according to prices announced by a state run distributor. Rich transport contractors, and owners of luxury diesel vehicles and pick trucks are now effectively cross subsidized by small car […]
Sri Lanka editor release demanded by rights groups
April 1, 2011 (AFP) – International media rights groups Friday asked Sri Lanka’s government to release the editor of a pro-opposition news website, a day after he was remanded in police custody for a week. A total of 17 journalists and media employees have been killed in Sri Lanka in the past decade. Police arrested […]
Sri Lanka draws Irish investors
Mar 31, 2011 (LBO) – Thirteen companies and representatives from two universities from Northern Ireland will visit Sri Lanka on a business mission from April 2-5, the British High Commission said. Most of the members of the Invest Northern Ireland delegation are new to Sri Lanka and are keen to develop long-term relationships in their […]
Sri Lanka industrial exports surge in January, trade deficit narrows
Mar 31, 2011 (LBO) – Sri Lanka’s exports surged 72. 4 percent in January 2011 to 813.4 million US dollars, helped by 121. 9 percent increase in apparel exports to 385.4 million US dollars, the Central Bank said. Consumer goods imports rose 35.6 percent to 316.7 million US dollars. Intermediate goods rose 15.7 percent while […]
Sri Lanka economy grows 8.6-pct in 4Q
Mar 31, 2011 (LBO) – Sri Lanka’s economy grew 8. 6 percent in the fourth quarter of 2010, up from 6. 1 percent a year earlier and also higher than the 8.0 percent estimated for the third quarter, the government’s statistics office said. The office said the economy grew 8. 0 percent during the full […]
Sri Lanka inflation races to 8.6-pct in March 2011
Mar 31, 2011 (LBO) – Consumer prices in Sri Lanka’s capital Colombo shot up 8. 6 percent in March 2011 from a year ago, the highest since January 2009, and up from 7.8 percent in February, the government’s statistics office said. However, according to the month-to-month change, prices fell 0.3 percent in March with the […]
Asian states pledge to tackle people smuggling
NUSA DUA, March 30, 2011 (AFP) – Asian countries pledged Wednesday to take a collective approach to people smuggling and asylum seekers including a possible regional processing centre, after talks in Indonesia. Ministers from around the Asia-Pacific region signed a non-binding framework agreement to tackle smuggling networks and humanely process the large numbers of irregular […]
Sri Lanka, India central banks facing common challenges: RBI Governor
Mar 30, 2011 (LBO) – Central banks in Sri Lanka and India are facing common challenges and are also saddled with responsibilities going beyond keeping prices and the economy stable, Reserve Bank of India governor Duvvuri Subbarao said. “Both of us have a wider mandate than is typical of central banks,” Subbarao said delivering an […]
Sri Lanka economic growth 8.1-pct in 2010: Deputy Governor
Mar 29, 2011 (LBO) – Sri Lanka’s economy is estimated to have grown by 8. 1 percent rebounding from a slowdown a year earlier as the country benefitted from a peace dividend, Central Bank deputy governor Dharma Dheerasinghe said. “In January exports have grown 72 percent,” Dheerasinghe said. Imports had grown at a slower rate […]
Sri Lanka economy grew 8.0-pct in 2010
Mar 29, 2011 (LBO) – Sri Lanka’s Gross Domestic Product (GDP) grew eight percent in 2010, up from 3.5 percent the year before, the Department of Census & Statistics (DCS) said in a statement. The Department of Census & Statistics said the agriculture sector grew 7.0 percent in 2010, industry at 8.4 percent and services […]