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UN chief slams Tamil Tiger terror attacks
UNITED NATIONS, Jan 16, 2008 (AFP) – UN chief Ban Ki-moon strongly condemned the “indiscriminate attacks” which left dozens of people dead or injured in southern Sri Lanka and urged the rival sides to strive for a peaceful negotiated settlement. “The Secretary General strongly condemns the indiscriminate attacks in the southeast of Sri Lanka today […]
Departing Sri Lanka peace monitors say military solution not possible
Jan 16, 2008 (AFP) – Nordic peace monitors pulled out of Sri Lanka on Wednesday following the collapse of a ceasefire, and warned that the war between the island’s government and Tamil rebels cannot be won by either side.The Norwegian-led Sri Lankan Monitoring Mission (SLMM) was to shut down its operations late Wednesday, after Colombo […]
Diesel Move
Jan 17, 2007 (LBO) – Sri Lanka’s state-owned Ceylon Petroleum Corporation (CPC) has struck a deal with Trafigura, a petro firm in Singapore, to get up to 500 million dollars of supplier’s credit for diesel, a top official said. Trafigura will give CPC 6-months of supplier’s credit at London Interbank Offered Rate plus 1.6 percent, […]
Sri Lanka should be mindful of impact on poor from new inflation index: CEPA
Jan 17, 2007 (LBO) – A controversy over a new price index in Sri Lanka may have erupted partly because it came at time of high inflation, but the index shows the same trend as earlier ones, an organization focusing on poverty has said.“However, it is vital to remember that inflation hurts the poor first […]
Sri Lanka policy rates unchanged, but tight stance promised
Jan 17, 2007 (LBO) — Sri Lanka’s central bank kept its main discount rate to banks unchanged at 12.00 percent but promised tight monetary policy ahead based on a quantity targeting framework unveiled earlier in January. “The targeted growth in reserve money, which will be maintained on a daily average basis, will ensure strict maintenance […]
Sri Lanka treasuries yields ease, rupee gains on greenback
Jan 16, 2007 (LBO) — Sri Lanka’s treasuries yields settled lower at Wednesday’s auction as the government rolled over 9.7 billion rupees of maturing bills, the debt office said, while the rupee made further gains against the US dollar. Three month yields fell to 87 basis points to 19.25 percent, 6-month bills fell 50 basis […]
Sri Lankan stocks tumble as Tigers attack civilians
Jan 16, 2008 (LBO) – Sri Lankan stocks fell sharply Wednesday as Tamil Tigers killed at least 28 civilians in separate attacks in the island’s south, the day a ceasefire formally ended. The All Share Price Index lost 50.55 points or 2.08 percent to close at 2,382.16, while the more liquid Milanka index went down […]
Sri Lanka coconut prices may ease, but not much
Jan 16, 2008 (LBO) – Sri Lankan coconut prices which have soared in recent months are expected to ease by end-February as new crops come in but will remain high as world edible oil prices were high, industry officials said. “The shortage of nuts could ease towards the end of February but I’m not sure […]
Bloody Day
Jan 16, 2007 (LBO) – Two attacks on civilians in southeastern Sri Lanka left 28 people dead as a truce with Tamil Tigers ended Wednesday, while a roadside bomb injured three soldiers in a military vehicle, authorities said. Suspected Tamil Tiger guerrillas had attacked a group of farmers and killed two in a remote village, […]
Bus Blast III
Jan 16, 2007 (LBO) — A roadside bomb in southeastern Sri Lanka that targeted a passenger bus had killed 23 and injured 67, the defence ministry said Wednesday, as a ceasefire with the Tamil Tigers officially drew to a close.The bus was traveling from the town of Buttala to Okkampitiya, an area bordering the Eastern […]