Colombo – Standard and Poor’s credit rating agency painted a gloomy picture on the status of the Sri Lanka’s credit outlook. The country’s credit outlook was downgraded to “negative” and said Sri Lanka was heavily relying on foreign borrowing.
Original post by Yahoo! News Search Results for lanka

Sri Lanka’s trade deficit widened by nearly six percent to 3.56 billion dollars in 2007, the central bank said, as the island spent more to import fuel.
Original post by Yahoo! News Search Results for lanka

By P.K. Balachandran, Colombo, Feb 16 : Standard and Poor’s rating services downgraded Sri Lanka’s economy from “stable” to “negative”, citing poor revenue collection, high deficits, runaway inflation and heavy indebtedness.
Original post by Yahoo! News Search Results for lanka

Feb 15, Colombo: Sri Lanka says that tourist arrivals in the country went up higher than expected as it recorded 0.64 percent rise compared with the figure last year despite the escalating violence in the country.
Read more

Feb 15, Colombo: The United Nation’s World Food Programme (WFP) said it needs 44 million dollars to feed thousands of people displaced by the escalating hostilities between the government forces and the Liberation Tigers of Tamil Eelam (LTTE).
Read more

Feb 15, Colombo: Four more Tamil civilians sought refuge at the Navy - Police combined checked point at Pallimunai in Mannar today.
Read more

Feb 15, Batticaloa: Sri Lanka government has decided to provide additional security for the 285 polling centers in the Eastern Province where local government elections will be held on the 10th of March.
Read more

PERTH, Australia: Local hero Adam Gilchrist scored a fairytale century in a man-of-the-match performance that lifted Australia to victory in their tri-series one-day game against Sri Lanka at the WACA yesterday.
Original post by Yahoo! News Search Results for lanka

Sri Lanka President`s political ally, Janatha Vimukthi Peramuna (JVP), had secret arms deals with th..
Read more

Feb 15, Colombo: Sri Lankan business leaders handed over checques for the “Api Wenuwen Api Fund” to the President Mahinda Rajapaksa and Defense Secretary Gotabhaya Rajapaksa at the Temple Trees today.
Read more