- 19 August 2013
One word—tourism—glows on the horizon of hope for Sri Lanka. It is reflected in the surfeit of reportage and advertisements in the local press, where the talk of new city hotels in the capital and planned boutique hotels in exotic....
- 11 February 2013
Sri Lanka’s trade deficit narrowed last year, central bank data showed on Monday, helped by a more flexible exchange rate, credit ceiling and tight monetary policy, though such measures likely took their toll on economic growth.
- 27 October 2012
The Dragon’s shadow is lengthening over Sri Lanka with every passing day. China has committed since 2005 contracts and investments worth US$ 6.4 billion, as per treasury records. So far, $ 3.6 billion has been disbursed.
- 20 August 2012
Sri Lanka should take advantage of its proximity to the economies of India and China to grow at a faster rate, an International Monetary Fund ( IMF) official today said. Addressing the Sri Lanka Exporters' Association, Koshy Mathai, Resident Representative.....
- 21 November 2012
Sri Lankan president and finance minister Mahinda Rajapakse presented the 2013 budget to parliament on November 8, in line with the demands of the International Monetary Fund (IMF). The austerity budget will further undermine....
- 14 September 2012
A scandal over the manipulation of shares on the Colombo stock exchange has erupted in recent weeks after former Sri Lankan Securities Exchange Commission (SEC) chairman Thilak Karunaratne accused government ministers....
- 07 August 2012
Sri Lankan inflation rose to 9.8 per cent last month (on a year-on-year basis) against 9.3 per cent in June, appearing to edge closer to double digit inflation (10 per cent and over) in the next few months – unless food prices come down.