Eurozone interest rates set to rise as inflation erupts: analysts

FRANKFURT, June 29, 2008 (AFP) – Eurozone borrowing costs are set to rise when the European Central Bank convenes Thursday, seeking to tame a fledgling inflation monster before turning its attention to slumping growth. Interest rate cuts “will not be on the agenda until the all-clear is given on the inflation front,” Commerzbank economist Ralph […]

Sri Lanka win against Pakistan

KARACHI, June 29, 2008 (AFP) – Kumar Sangakkara hit a fighting hundred and spinner Ajanta Mendis took four wickets to power Sri Lanka to a 64-run win over Pakistan in their Asia Cup Super League clash here on Sunday.The left-hander scored 112 to lift Sri Lanka to 302-7 after Pakistani paceman Sohail Tanveer notched up […]

British High Commission staffer, journalist attacked in Colombo

June 30, 2008 (AFP) – A senior British High Commission officer was beaten and his car smashed by unidentified attackers who tried to grab a reporter travelling as a passenger in the vehicle here Monday, police said. Political officer Mahendra Ratnaweera was severely injured in the attack while his passenger, freelance journalist Namal Perera, also […]

Sri Lanka mediaman, UK High Commission staffer attacked

June 30, 2008 (LBO) – Unidentified men armed with clubs have attacked freelance journalist Namal Perera and a UK High Commission (embassy) staffer Monday evening in Colombo, colleagues said. Perera and UK High Commission political officer Mahendra Ratnaweera was assaulted in Colombo’s Narahenpita area Monday. They are being treated at a nearby private hospital. Monday’s […]

” scare

June 30, 2008 (LBO) – The United States embassy in the Sri Lankan capital Colombo has re-opened after a suspicious powder was found to be harmless, the embassy said Monday. It said visa and other appointments postponed during the closure are being re-scheduled. The embassy was closed to the public on June 25. An embassy […]

Sri Lanka inflation hits new high of 28.2 percent in June

June 30, 2008 (LBO) – Sri Lanka consumer inflation in the capital Colombo accelerated to a new record of 28.2 percent in June 2008, from 26.2 percent in May, the government’s statistics office said. In the 30 days to June prices rose 3.7 percent in the most widely watched Colombo Consumer Price Index (CCPI). The […]

Sri Lanka economy expands 6.2 percent in 2008 first quarter

June 30, 2008 (LBO) – Sri Lanka’s economy expanded 6.2 percent in the first quarter of 2008, against 6.1 percent growth in the same period last year but slower than the 7.6 percent growth fourth quarter of 2007, government data showed. The agriculture sector grew by 5.9 percent compared with a 0.5 percent growth in […]

Looking Good

June 29, 2008 (LBO) – More people are mastering hair dressing and beauty culture because of increasing opportunities both in Sri Lanka and overseas, practitioners and students say. In the past people didn™t consider it as a serious profession because of the low demand and the inability to get qualified. Now however, hair and beauty […]

Sri Lanka South Asian summit to get Indian security

June 29, 2008 (AFP) – India is to send thousands of troops, war ships and helicopters to Sri Lanka as part of security for next month’s South Asian summit in Colombo, diplomatic sources said Sunday.New Delhi is planning to send three war ships with a combined force of up to 3,000 security personnel because of […]

Sri Lanka fighting kills another 43: ministry

June 29, 2008 (AFP) – At least 41 more Tamil Tiger rebels and two government soldiers have been killed in the latest fighting in Sri Lanka’s north, the defence ministry said Sunday.Troops shot dead 20 guerrillas in the district of Vavuniya on Saturday while 14 were killed in the neighbouring Weli Oya region, the ministry […]

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