Central Bank lowers outlook for ailing rupee

Sri Lanka central bank expects the rupee to stabilize at current levels of around 132 to the dollar without intervention, a senior official said on Wednesday, abandoning its earlier stance where it had expected the currency to settle at a higher level.

Political spin of the economic growth in the North

Before the meeting with the Secretary of State Hilary Clinton on May 18, 2012, Foreign Minister G.L. Peiris made some remarks which included the following: “The most striking developments have really been in the northern province of Sri Lanka....

Sri Lanka's inflation accelerates to 7.0-pct in May

Consumer prices in Sri Lanka's capital Colombo rose 7.0 percent in May 2012 from a year earlier, up from 6.1 percent in April with the inflation index rising 1.4 percent in the month, the state statistics office said. Food prices rose...


Journalists for Democracy in Sri Lanka

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