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Sri Lanka and Mongolia forex debt ratios high: Fitch Report
Dec 17, 2012 (LBO) – Foreign currency denominated debt is expected to fall as a ratio of current receipts in except for Sri Lanka and Mongolia, where it will remain high, Fitch Ratings said in a report which tracked 12 emerging Asian nations. If the central bank then sterilizes the forex interventions with fresh money […]
Sri Lanka in an emerging world order: lecture by Razeen Sally
Dec 17, 2012 (LBO) – Razeen Sally, association visiting professor of Lee Kuan Yew School of Public Policy will speak in Colombo on December 20, Sri Lanka’s Lakshman Kadirgamar Institute for International Relations and Strategic Studies said. He will speak on the ‘Emerging World Order and Sri Lanka’s Role, at the Kadirgamar Institute at Horton […]
Australia to boost Sri Lanka ties to stop boatpeople
SYDNEY, Dec 17, 2012 (AFP) – Australia announced Monday plans to boost intelligence sharing with Sri Lanka to try to halt a wave of boatpeople that has seen thousands arrive illegally on its shores this year. Foreign Minister Bob Carr, who is in Colombo for a three-day visit, said he would discuss the idea during […]
” after reaching $4,000 per capita income: Central Banker
Dec 17, 2012 (LBO) – Sri Lanka should be careful to have suitable policies to allow economic growth to take off after reaching a target of 4,000 US dollar per person income in 2016, a senior central banker has said. Assistant Governor C P J Siriwardene told a forum of bankers that Sri Lanka was […]
Fair Trial
Dec 16, 2012 (LBO) – An association representing Sri Lanka’s judicial officers have called for an independent tribunal to probe impeachment charges against chief justice Shirani Bandaranayake to ensure a fair trial. The chief justice walked out of the proceedings saying she was insulted by members of a ruling party dominated parliamentary select committee (PSC) […]
Lawyer Resolution
Dec 16, 2012 (LBO) – Sri Lanka’s main lawyers association has asked President Mahinda Rajapaksa to reconsider an impeachment against the Chief Justice or ensure that a fair trial complying to rules of natural justice is followed. The Bar Association of Sri Lanka had adopted the resolution amid protests from those backing the administration with […]
‘s LankaCom launches IPTV platform for hotels
Dec 15, 2012 (LBO) – Sri Lanka’s LankaCom and Singapore’s SingTel has launched an IPTV based entertainment platform for hotels that gives customized entertainment and two way interaction with guests to offer and sell other services, officials said. Wizner said each room is provided with a small wireless set-top box that can connect the guest’s […]
Open House
Dec 15, 2012 (LBO) – Sri lanka’s Information technology and outsourcing firms are holding an ‘open day’ on December 20 in Colombo targeting expatriate Sri Lankans who have returned to the country for the holiday season. “Many Sri Lankan IT/BPO and Knowledge Services Industry companies are looking for seasoned well experienced professionals abroad to return […]
Sri Lanka to revamp civil aviation regulations
Dec 15, 2012 (LBO) – Sri Lanka will revamp aviation regulations with the help of the International Civil Aviation Organization, the state information office said. The cabinet of ministers had given the nod for Sri Lanka’s Civil Aviation Authority to engage ICAO’s Technical Co-operation Bureau help with the new rules, the information office said. Sri […]
Petro Hikes
Dec 15, 2012 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation, has raised petrol by 10 rupees to 159 and two grades of furnace oil but kept diesel and kerosene prices unchanged petroleum minister Susil Premajayantha said. Underpriced energy funded with bank loans, which are ultimately accommodated by central bank credit (printed money) causes frequent […]