Sri Lanka inflation inching towards double digit levels

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.

Sri Lanka rupee weakens, liquidity high

Sri Lanka's rupee weakened to 132.20/30 levels Friday (27) after opening around 131.20/50 as excess liquidity remained at record after tens of billions of rupees were dumped on money markets a day earlier. On Thursday (26) excess liquidity rose....

Sri Lanka to receive $415 million IMF loan

The International Monetary Fund’s board of directors agreed to disburse about $415 million to Sri Lanka, the final tranche of a $2.6 billion loan. The Washington-based IMF also recommended new financial support for the South Asian island as global demand.....

'Sri Lanka energy sector eyed by US firms' - envoy

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.....

Sri Lanka seeks another IMF bailout after record loan

Sri Lanka announced the completion of a $2.6 billion IMF bailout, but it was seeking fresh loans to support an economy emerging from decades of ethnic war. The International Monetary Fund on Friday released the final instalment of the bailout....

Sri Lanka's inflation accelerates to 9.3% in June

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....

Sri Lankan government imposes new price rises

While the government of President Mahinda Rajapakse continues to squeeze the wages and living conditions of Sri Lankan workers and the poor, the banks and major corporations and their CEOs are reaping large profits and....

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Journalists for Democracy in Sri Lanka

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