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Sri Lanka needs spectacular fiscal gains to reach revised budget: economist
Nov 29, 2007 (LBO) – Sri Lanka’s state revenues have to grow twice as fast in the last quarter and expenses growth has to plunge to single digits for revised budget targets for 2007 to be reached, a private sector economist said. . According to disclosures under Sri Lanka’s fiscal responsibility law revenue up to […]
Sri Lanka treasuries up 100 basis points
Nov 28, 2007 (LBO) – One year treasury yields went up 100 basis points to 19.07 percent as the central bank stayed out of the primary market and allowed rates to go towards levels needed to bridge the budget deficit.The monetary authority has been struggling to contain inflation which was running at 19.6 percent in […]
Small Step
Nov 28, 2008 (LBO) – The Asian Development Bank is helping upgrade Sri Lanka’s troubled tertiary and secondary education system with an 80 million dollar funding package, the regional lender said Wednesday. Sri Lanka’s universities have been churning out graduate misfits by the thousands who are agitating for free jobs in government as they do […]
Malaysia considers spanking naughty girls: reports
KUALA LUMPUR, Nov 28, 2007 (AFP) – Malaysia is considering allowing schools to cane unruly girls to curb an upsurge in discipline problems including gang fights and bullying, reports said Wednesday. Currently only boys are caned in Malaysian schools, but only rarely and for serious offences.The punishment is administered on the buttocks or the palm […]
Kandy-man Murali set to scale the summit
KANDY, Sri Lanka, Nov 28, 2007 (AFP) – Muttiah Muralitharan returns to his home town to become Test cricket’s most successful bowler, a feat Australia denied him but England are unlikely to prevent.The spin wizard, 35, begins Sri Lanka’s first Test against Michael Vaughan’s men at the Asgiriya stadium here from Saturday needing five wickets […]
Sri Lanka bomb attack kills 16 in capital
Nov 28, 2007 (LBO) – At least 16 people were killed and 37 wounded in a bomb blast in a crowded shopping district in a suburb south of the Sri Lankan capital Colombo Wednesday evening, police and hospital officials said. The attack, which the Defence Ministry said was carried out by the Tamil Tigers, occurred […]
Sri Lanka suburb south of capital rocked by blast
Nov 28, 2007 (LBO) – An explosion ripped through a suburb south of the Sri Lanka capital Colombo shortly before 6.00 pm local time, residents said. The explosion occurred at a busy shopping district in the Nugegoda area. Earlier in the day a suspected Tamil Tiger suicide bomber blew herself up near the office of […]
Sri Lankan Tamil Tiger bra bomber targets minister
Nov 28, 2007 (AFP) – A disabled Tamil Tiger suicide bomber with explosives hidden in her bra blew herself up outside the office of a Tamil minister Wednesday, killing his secretary, the Sri Lankan military said. Two men from the minister’s security staff were also wounded in the blast, one seriously, Colombo national hospital spokeswoman […]
Sri Lankan minister targeted by Tamil Tiger suicide bomber
Nov 28, 2007 (LBO) – A female suicide bomber blew herself up in the Sri Lankan capital on Wednesday, wounding at least three security men outside a minister’s office, the AFP news agency quoted police as saying. The bomber tried to enter the heavily guarded building housing the offices of welfare and social development minister […]