All Blogs
Sri Lanka to start victim and witness protection
Oct 05, 2007 (LBO) – The Sri Lankan government announced Thursday it will soon introduce regulations to protect and compensate victims and witnesses of crimes with the aim of improving the efficacy of the criminal justice system. Policy guidelines have already been prepared by the Attorney General that will help formulate a legal framework to […]
‘s Sri Lanka lending hit by shifting policies and conflict
Oct 05, 2007 (LBO) – Asian Development Bank (ADB), the second largest lender to Sri Lanka, says two decades of aid has mixed results and the relevance of its current 5-year lending program has ‘diminished’ due to conflict and shifting government policy. Asian Development Bank’s (ADB) policy supporting loans, conflict assistance and agriculture sector lending […]
Sri Lanka treasuries yields edge up with high spending
Oct 04, 2007 (LBO) – Sri Lanka treasuries edged up again this week as a high budget deficit drained funds from the domestic markets and the central bank fought to limit money printing in a bid to avoid further inflation. . The average yield of the benchmark 3-month treasuries went up 20 basis points to […]
Sri Lanka John Keells in deal to buy three Confifi hotels
Oct 04, 2007 (LBO) – Sri Lanka’s John Keells Holdings announced a take-over of three Confifi group hotels Thursday, paying for the deal with the stock of its leisure division. Meanwhile in the broader market, the All Share index closed up 0.45 percent at 2,589.7 points and the more liquid Milanka Index 0.31 percent at […]
Sri Lanka slaps new levy on rubber products
Oct 04, 2007 (LBO) – Sri Lanka has slapped a new tax on rubber products to raise funds for rubber sector development officials said, amid industry protests that cash from an existing levy was not being ploughed back to the sector. Since then however, natural rubber prices have more than doubled, making the sector an […]
Flying High
Oct 04, 2007 (LBO) – The boom in civil aviation especially in the Asian region is opening up vast opportunities for professionals, especially in engineering, in Sri Lanka, a senior airline official said. Eardley Abayaratna, manager, technical services of the engineering arm of the national carrier Sri Lankan Airlines, said the rapid rate at which […]
ECB to hold rates steady as euro rocks near record high
VIENNA, Oct 4, 2007 (AFP) – The European Central Bank was set to hold interest rates steady Thursday amid concern that the euro’s strength and a slowing economy were stirring up stiff headwinds for the 13-nation eurozone.The Bank of England was expected to leave its main lending rate unchanged as well, at 5.75 percent after […]
England 234-8 against Sri Lanka
DAMBULLA, Sri Lanka, Oct 4, 2007 (AFP) – Owais Shah hit a solid half-century under pressure to help England reach a respectable 234-8 against Sri Lanka in the second one-day international here on Thursday.Shah, Collingwood and Swann then batted sensibly to help their team cross the 200-mark. England were struggling at 61-4 after winning the […]
Nine killed in fresh Sri Lanka clashes
Oct 4, 2007 (AFP) – At least six Tamil Tiger rebels and three government soldiers were killed in fresh skirmishes in northern Sri Lanka, the defence ministry said Thursday. Fighting erupted at four locations along a de facto border separating the rebel-held territory in the Wanni region Wednesday, the ministry said in a statement. It […]
Sri Lanka bars UN officials from rebel territory
Oct 4, 2007 (AFP) – Sri Lanka said Thursday it would not allow the United Nation’s human rights envoy to visit rebel-held areas in the island’s north.The UN High Commissioner for Human Rights, Louise Arbour, is due in Sri Lanka next week to assess the island’s deteriorating rights record, while the UN’s top torture investigator, […]