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Sri Lanka in constant battle to keep up coin supply
Feb 20, 2014 (LBO) – Sri Lanka’s central bank is battling to keep the country supplied with coins as metal prices go up and coins disappear from circulation into piggy banks and places of worship.The Central Bank estimates that 20 to 30 tonnes of Sri Lankan coins are accumulated at Temples and Churches in India […]
Sri Lanka prosperity up by revised index: Central Bank
Feb 20, 2014 (LBO) – Sri Lanka’s prosperity has risen by 6.8 percent over 2012 according to an index compiled by the Central Bank, which has been revised with additional parameters being added. “The Prosperity Index enables national policy makers, provincial authorities, and business and community stakeholders to measure the prosperity of provinces in a […]
Sri Lanka Treasuries yields ease
Feb 19, 2014 (LBO) – Sri Lanka’s Treasuries yields edged lower across maturities at Wednesday’s auction with the 12 month yield down 02 basis points to 6.75 percent, the state debt office said.The 6-month yield was also down 02 basis points to 6.90 percent and the 12-month yield was down 02 basis points to 7.08 […]
Sri Lanka shares close down 0.5-pct
Feb 19, 2014 (LBO) – Sri Lanka stocks close down 0.59 percent retreating for the fifth consecutive day with losses in the index heavy tobacco and diversified stocks, brokers said. Commercial Leasing and Finance closed 30 cents lower at 3.90 rupees and Bukit Darah ended 1.80 rupees lower at 590.50 rupees. Commercial Bank closed 1.50 […]
Island Branch
Feb 18, 2014 (LBO) – Sri Lanka’s state-run Bank of Ceylon, the island’s largest bank by assets said it had opened a branch in Seychelles.Bank of Cetlon Assistant General Manager Ranjith Haputhanthri is country head for Seychelles. The bank said it wants to expand into other emerging markets. The bank already has branches in Chennai, […]
Sri Lanka cabinet approves integrated resort investments
Feb 19, 2014 (LBO) – Sri Lanka’s cabinet of ministers had approved investment concessions for three integrated resort projects which appear to limit income tax cuts to gaming, according to public notices published. The concession are then approved by the cabinet and tabled in parliament. The tax concession for gaming ran into controversy, with opposition […]
Lessons
COLOMBO, February 19, 2014 (AFP) – A Sri Lankan delegation headed to South Africa Wednesday to study the work of a post-apartheid truth commission as pressure mounts on Colombo to address allegations of war crimes against ethnic Tamils.Health Minister Nimal Siripala de Silva was leading a five-member team which would see what lessons it could […]
Released
NEW DELHI, February 19, 2014 (AFP) – The chief minister of an Indian state Wednesday ordered the release of all seven people jailed for plotting the assassination of former prime minister Rajiv Gandhi, meaning they could walk free in three days.J. Jayalalithaa, chief minister of Tamil Nadu, announced the decision one day after the country’s […]
Energy-starved Pakistan sets sights on coal
GADANI, February 19, 2014 (AFP) – After years of rolling blackouts that have wreaked havoc on industry and fuelled political unrest, energy-starved Pakistan has set its sights on a coal-fired future. Regarded as the dirtiest of all fossil fuels, recent discoveries of untapped coal fields in southern Pakistan have convinced the government they could be […]
White House counters nationalist attacks on trade freedom efforts
WASHINGTON, February 18, 2014 (AFP) – The White House moved Tuesday to fend off criticism of its efforts to seal two new giant free trade pacts, saying the deals would benefit US workers and protect the environment.“Some of the criticisms I hear of our agenda describe the state of the trade policy in 1994, not […]