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Sri Lanka inflation slows to 2.9-pct in April
April 30, 2009 (LBO) – Consumer inflation in Sri Lanka’s capital Colombo, in the 12-months to April slowed to 2.9 percent from 5.3 percent in March, with prices declining for the seventh straight month, the statistics office said.The Colombo Consumer Prices Index (CCPI) has been declining on an absolute basis from October after peaking at […]
Sri Lanka close to getting 15-year loan from Libya: CB Governor
April 30, 2009 (LBO) – Sri Lanka is close to finalizing a 500 million US dollar long-term loan from Libya, Central Bank governor Nivard Cabraal who is visiting the country for discussions on the government-to-government credit, said.In a telephone interview from Rome Thursday, Cabraal said Sri Lanka was negotiating a 15-year year loan with a […]
Sri Lanka hosts IMF team as loan deal nears
April 30, 2009 (LBO) – An International Monetary Fund (IMF) ‘Safeguards Assessment’ mission is in Sri Lanka as talks on a 1.9 billion dollar loan nears its final stages, the central bank said in a statement.“The Stand-By Arrangement (SBA) facility sought by the government of Sri Lanka from the IMF has now reached an advanced […]
Sri Lanka treasuries yields plunge
April 29, 2009 (LBO) – Yields on Sri Lanka’s treasuries plunged across the board at the weekly auction Wednesday with the 12-month yield falling 135 basis points to 14.05 percent, the government’s debt office said. The 6-month yield fell 95 basis points to 13.95 percent, and the 3-month yield fell 73 basis points to 12.65 […]
Sri Lanka shares up 1.5-pct, rupee steady
Apr 29, 2009 (LBO) – Sri Lankan stocks rebounded across the board Wednesday, as investor sentiment improved, while the rupee remained steady against the greenback, dealers said.Conglomerate JKH has interests in transport, finance, property development, retail and food processing sectors. Mobile giant Dialog Telekom, subsidiary of Telekom Malaysia, closed flat at 5.25, while fixed line […]
Terminal Bids
April 29, 2009 (LBO) – The Sri Lanka Ports Authority has extended the deadline for bids for the first container terminal in the new South Port of Colombo, work on which is now underway, officials said.The new port will help Colombo retain and enhance its position as a transhipment hub for the south Asian region, […]
Sri Lankans asked to limit foreign travel to prevent swine flu spread
April 29, 2009 (LBO) – Sri Lankans should limit non-essential foreign travel to protect themselves from swine flu, the island’s health ministry said, adding that travelers from high risk countries were being screened at the country’s main airport. “The ministry of health appeals to the public to limit foreign travel to essential purposes to protect […]
‘s Bharti Airtel Q4 profit jumps 21 pct
MUMBAI, April 29, 2009 (AFP) – India’s top mobile phone company Bharti Airtel reported Wednesday that fourth-quarter net profit jumped 21 percent year on year, boosted by a rise in the number of cellular phone users.For the full year, the New Delhi-based company announced a 26 percent jump in net profit to 84.69 billion rupees […]
Surrendered officials denounce Tigers
April 29, 2009 (AFP) – Two prominent members of Sri Lanka’s Tamil Tigers who surrendered to government troops have made a televised denunciation of the rebels in a major propaganda coup for the island’s authorities.In a video posted late Tuesday on the Sri Lankan defence ministry’s website, the rebels’ one-time spokesman and another official accuse […]
Britain, France fail to win Sri Lanka truce
April 29, 2009 (AFP) – The foreign ministers of Britain and France said on Wednesday they had failed to persuade Sri Lanka to end its offensive against Tamil rebels and allow aid in for civilians trapped by the fighting.“We tried very hard — we insisted and we insisted — but it is up to our […]