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Liquidity Status
Jan 02, 2009 (LBO) – Sri Lanka has no need for a liquidity facility for finance companies yet, central bank governor Nivard Cabraal said, as the sector faced a higher level of deposits withdrawals following uncertainty in financial markets. “At the moment there is no need to do that,” Governor Cabraal told reporters this week. […]
Coral decline warns of ocean changes: Australian scientists
SYDNEY, January 2, 2009 (AFP) – A sharp slowdown in coral growth on Australia’s Great Barrier Reef since 1990 is a warning sign that precipitous changes in the world’s oceans may be imminent, scientists said Friday. Rising sea temperatures are blamed on global warming caused by the build-up in the atmosphere of greenhouse gases such […]
Suicide blast kills two in Sri Lanka capital: police
January 2, 2009 (AFP) – A suicide bomber carried out an attack outside an air force base in Colombo on Friday, killing two airmen and wounding 36 other people, police and a hospital spokeswoman said.The powerful explosion came just hours after President Mahinda Rajapakse announced the army’s capture of the Tamil Tiger rebels’ political capital […]
Sri Lanka suicide bomb blast rocks capital Colombo
Jan 02, 2009 (LBO) – A suspected Tamil Tiger suicide bomber blew himself up Tuesday near Sri Lanka’s air force headquarters just after the government announced the fall of a key rebel held town in the north, military officials and witnesses said.The attack came minutes after the government announced the capture of Kilinochchi, in northern […]
Sri Lankan troops capture key Tiger-held town
January 2, 2009 (AFP) – Sri Lanka said Friday its troops had finally captured the unofficial capital of the Tamil Tigers and urged the rebels to lay down their arms and end their decades-old struggle for a separate homeland.In an address to the nation, President Mahinda Rajapakse called the capture of Kilinochchi in northern Sri […]
Sri Lankan troops enter Tiger political HQ: official
January 2, 2009 (AFP) – Sri Lankan troops fought their way into the centre of the Tamil Tiger political capital of Kilinochchi on Friday, an official at the president’s office said.There were no immediate details of casualties from Friday’s fighting. There was also no immediate comment from the Tigers who used Kilinochchi as the capital […]
Sri Lanka troops take perimeter of Tiger political HQ: military
January 2, 2009 (AFP) – Sri Lankan security forces have fought their way to the perimeter of the Tamil Tiger political capital of Kilinochchi in the island’s north, the defence ministry said Friday.Three columns of troops were moving on Kilinochchi, the headquarters of the Liberation Tigers of Tamil Eelam (LTTE), the ministry said in a […]
Sri Lanka president takes over media portfolio
January 1, 2009 (AFP) – Sri Lanka President Mahinda Rajapakse on Thursday took the country’s influential media ministry under his wing ahead of a key mid-term election for his administration, officials said.The Ministry of Mass Media and Information was taken away from Anura Priyadharshana Yapa, who was instead given the Ministry of Investment Promotion post, […]
Sri Lanka inflation seen falling to 8-9% by mid-2009: central bank
Jan 02, 2009 (LBO) – Sri Lanka’s inflation rate expected to fall to 8.0 – 9.0 percent by mid-2009, central bank governor Nivard Cabraal said.Cabraal said inflation has been coming down since July 2008 and that inflationary expectations also show signs of moderating. “Also, interest rates are expected to follow the decline in inflation,” Cabraal […]
Sri Lanka Shell unit says new tax prevents further price cut
Jan 01, 2009 (LBO) – Shell Gas Lanka, the Sri Lankan unit of the Shell multinational, said a new government tax and its inability to buy locally made liquid petroleum gas is preventing it from further reducing prices. It said in a statement that the government has imposed a special tax of eight rupees per […]