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England wary of tough times ahead in Sri Lanka
Sept 27, 2007 (AFP) – England are aware of the Sri Lanka cauldron when they start the next week’s five-match One-Day series, captain Paul Collingwood said here Thursday. “The hot conditions do favour the local team, it is one of the most difficult places to play cricket due to the weather,” Collingwood said, adding that […]
Sri Lankan media rights group slams action against state TV journalists
Sept 28, 2007 (LBO) – Sri Lankan and international media rights watchdogs Friday strongly criticized action by a state television broadcaster to suspend four journalists for distributing a leaflet that said their professional rights had been harmed. State-controlled Sri Lanka Rupavahini Corporation (SLRC) has sent four of its journalists on compulsory leave after they submitted […]
Deadly Sri Lanka clashes spike ahead of rains
Sept 27, 2007 (AFP) – Sri Lankan troops claimed Thursday they have killed 45 Tamil rebels in the past week as they step up attacks ahead of monsoon rains that will make fighting harder. Security forces have been trying to push into territory held by the Liberation Tigers of Tamil Eelam in the past week […]
‘s average inflation hits 17 year high, policy rates frozen
Sept 28, 2007 (LBO) – Sri Lanka held policy rates steady in September and pointed fingers at commodity prices as average inflation hit a 17-year high in the island and central bank credit to government zoomed to new highs. The 12-month moving average of the Colombo Consumer Price Index (CCPI) hit 17.5 percent, the highest […]
Sri Lanka inflation jumps in September
Sept 28, 2007 (LBO) – Consumer prices in Sri Lanka’s capital jumped 1.1 percent in September keeping the 12-month increase in consumer prices at 17.3 percent, the government’s statistics office said. The 12-month moving average of the Colombo Consumer Price Index (CCPI), which is an average over 24-months to flatten seasonal fluctuations, rose to 17.5 […]
Sri Lankan vegetable oil exporters demand removal of import tax
Sept 27, 2007 (LBO) – Exporters of ‘vanaspathi’ vegetable oil to India have called on Sri Lanka to remove a 25 dollar per tonne levy on raw material imports, if the industry is to survive. India has already imposed a quota for the product, to protect a domestic industry. Vanaspathi a type of hydrogenated vegetable […]
Sri Lanka rejects bond auction again, stocks down
Sept 27, 2007 (LBO) – Sri Lanka rejected all bids for an auction of 2, 3 and 5 year Treasury bonds Thursday following a pattern established in recent months while stocks closed weaker and the rupee held firm against the greenback. Touchwood ended up one rupee at 83 with almost 100,000 shares being traded. In […]
Sri Lanka to issue non-tradeable loans again
Sept 27, 2007 (LBO) – Sri Lanka’s government has announced the resumption of a loan program that was previously scrapped as the country developed its debt markets and tried to limit abuse of a non-state workers’ pension fund. The government’s debt office said it was issuing six billion rupees of rupee loans ranging in 4 […]
Going Well
Sept 27, 2007 (LBO) – Fitch Ratings Lanka which confirmed the AAA (lka) national rating of Citibank’s Sri Lanka branch said its interest margins were boosted by dollar financing of the island’s government. In the first half of the year net interest margins and forex gains had allowed pretax profits to improve to 2.7 percent […]
Custom Trained
Sept 27, 2007 (LBO) – Sri Lanka and Australia are tying up to start professional courses for customs men in the island and the South Asian region, officials said. Sri Lanka’s Postgraduate Institute of Management (PIM) and the University of Jayawardenepura is linking with the Centre for Customs and Excise Studies (CCES) at the Canberra […]