Tag: Sri Lanka

June 29, 2012 (LBO) – Sri Lanka’s consumer prices rose 9. 3 percent in June 2012 from a year earlier, accelerating to a three and a half year high, from 7. 0 percent in May, data from the state statistics office showed. The statistics office said Sri Lanka’s Colombo Consumer Price Index rose 1. 9 […]

June 27, 2012 (LBO) – Sri Lanka’s first countrywide census conducted after the end of a 30-year war shows the population is 20.277 million, the statistics office said, which is lower than earlier estimates. Earlier estimates put mid-year population in 2011 at 20.869 million with an annual growth rate of 1.0 percent. The census conducted […]

June 27, 2012 (LBO) – Population in Sri Lanka’s northern Jaffna area has shrunk during a 30-year civil war but parts of the former war zone which was not fully under control of separatists had seen above average growth, new census data shows. The first census conducted in the area since 1981, has shown that […]

June 25, 2012 (LBO) – Distilleries Corporation of Sri Lanka, has transferred stakes in a hotel and two plantations to a wholly owned subsidiary in a move that will consolidate non-alcohol businesses in a separate unit. Distilleries Company said it had transferred 54.06 million shares or a 41.7 percent stake in Browns Beach Hotel, to […]

June 26, 2012 (LBO) – An annual economic forum next month organized by Sri Lanka’s Ceylon Chamber of Commerce will have a session focusing on the ease of doing business in the island. The Sri Lanka Economic Summit will be held in Colombo from July 10 to 12, held for the 13th successive year will […]

June 26, 2012 (LBO) – The United Nations is experiencing a funding shortfall to meet urgent humanitarian relief work across Sri Lanka’s conflict-hit north, with money running low for solid waste, shelter and water. Basic services to Menik Farm are reaching critical levels with the majority of providers approaching the end of their funding in […]

June 25, 2012 (LBO) – Sri Lanka’s budget has gone off track in the first quarter of 2012, with current spending far outpacing tax revenues, leaving a yawning revenue deficit for the three months that is bigger than the gap for the whole of last year. Current spending by Sri Lanka’s rulers rose 24.2 percent […]

June 25, 2012 (LBO) – Sri Lanka’s energy sector is a key area of interest for US companies scouting for investment opportunities after the end of a three decades war, US ambassador to Colombo Patricia Butenis said. “We’ve seen a lot of interest from American energy companies interested in help building oil refineries and developing […]

June 24, 2012 (LBO) – Sri Lanka has notched up 2.53 billion US dollars in funding from China, since 2007 and 1,205 billion US dollars already disbursed into roads, power, ports and airports, a finance ministry report said. Sri Lanka’s Ceylon Electricity Board built its first 300 MegaWatt coal plant with Chinese financing and the […]

June 22, 2012 (LBO) – Sri Lanka’s banking system is sound and well capitalized officials said, though bad loans have started to pick up slightly as a developing credit bubble was rudely jerked to a halt by the island’s dollar peg. Data published by the Central Bank show that bad loans which peaked at 8. […]

June 21, 2012 (LBO) – A boat believed to have 200 people from Sri Lanka has capsized of Australia’s remote Christmas Island which reports day could become one of the worst refugee disasters in the country. Australia, a country of immigrants has tightened immigration barriers in recent years and followed a controversial policy of detaining […]