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Kero Hurdle
Sept 6, 2007 (LBO) – Sri Lanka would make a fixed payment to poor households on income support from this month but limit a promised subsidy to fishermen to one month, a senior minister said. Ceylon Petroleum Corporation would make a 4,000 rupee one-off payment to 16,036 fishermen for the month of August at a […]
Sri Lanka 3-month treasuries move up to 17.80%, rupee weaker
Sept 5, 2007 (LBO) – Sri Lanka’s 3-month Treasury bill yields moved up 15 basis points to 17.80 percent rolling over 9.3 billion rupees of debt on Wednesday’s auction, the government’s debt office said.The cut-off for the 3-month bill had moved to 17.95 percent, dealers said. The 6-month yield moved up 16 basis points to […]
Fast Links
Sept 05, 2007 (LBO) – Sri Lanka Telecom, the island’s dominant fixed phone operator, has increased bandwidth to accommodate rapidly growing high-speed broadband ADSL connections and plans a further expansion by December, an official said. But SLT cannot give telecom service level agreements (SLAs) guaranteeing ADSL performance as many factors determining service quality are beyond […]
Official banquet for China but Taiwan dines alone
SYDNEY, Sept 5, 2007 (AFP) – When Chinese President Hu Jintao sits down to smoked chicken, prawns and lamb at a formal state banquet in Australia, it will be in stark contrast to the Taiwanese delegation’s APEC dinner.The Taiwanese held their dinner at a famous dim sum restaurant in Sydney’s Chinatown on Tuesday night and […]
‘s central bank leaves rates on hold
SYDNEY, Sept 5, 2007 (AFP) – Australia’s central bank Wednesday left interest rates on hold for another month despite building price pressures, but analysts said another rise by year-end remained on the cards.The government’s handling of the booming economy is seen as one of its top vote-winners, but high interest rates are likely to hit […]
‘s Chandana quits in disgust
Sept 5, 2007 (AFP) – All-rounder Upul Chandana, one of Sri Lanka’s 1996 world cup winning team, on Wednesday announced he had quit international cricket and accused the selectors of treating him shabbily.“I was hoping to get selected for the world cup after doing consistently well in domestic cricket. It did not happen and when […]
Murali-less Sri Lanka fancy Twenty20 title
Sept 5, 2007 (AFP) – Sri Lanka have the resources to win the world Twenty20 crown despite the absence of star off-spinner Muttiah Muralitharan, their captain said Wednesday before leaving for South Africa. Skipper Mahela Jayawardena said Sri Lanka, the top limited-overs team in Asia and World Cup finalists in the Caribbean in April, needed […]
Seismic Eye
Sept 05, 2007 (LBO) – Sri Lanka will shortly tender for two-dimensional seismic surveys off the southern tip of the island to look for new oil deposits, officials said. “Then we can get better terms for the remaining blocks,” Fowzie said. Three out of eight off-shore oil exploration blocks in the Northwestern Mannar basin which […]
Sri Lanka politicians oppose taxes, while promoting inflation and money printing
Sept 05, 2007 – Sri Lanka’s opposition, including a Marxist party which engineered fuel subsidies and mass state recruitment forcing the government to print money and push inflation up, is now opposing taxes and demanding higher wages. In 2004, the Janatha Vimukthi Peramuna called for fuel subsidies to remove what it labeled ‘a plug’ to […]
Sri Lanka rupee comes off highs but spreads narrow
Sept 04, 2007 (LBO) – Sri Lanka rupee came off highs of 113.02 against the greenback Tuesday to close sharply lower in a day that saw strong buying from a state name, dealers said. The rupee opened around 112.97/113.02 to the dollar but closed at a new low of 113.15/18 rupees in spot trade. “The […]