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Sri Lanka rejects evidence tampering in massacre probe
Aug 3, 2007 (AFP) – Sri Lanka on Friday rejected charges that it had tampered with evidence in the investigations into the massacre of 17 workers employed by a French charity.The fighting raged despite a Norwegian-arranged truce which is monitored by independent observers. The government said that an Australian expert who raised doubts about the […]
Sri Lanka cuts capital spending to contain deficit
August 4, 2007 (LBO) – Sri Lanka’s government has significantly altered its budget halfway through the year slashing public investment and bringing down a planned deficit, despite spending more money on salaries and interest. We haven’t established the groundwork in terms of economic policies and political stability to sustain higher growth.” Public investment, earlier budgeted […]
Cargo Skills
August 03, 2007 (LBO) – The Sri Lanka Ports Authority (SLPA) is seeking an investor for Colombo’s new container terminal who can increase cargo volumes and improve cash flow, a senior official said. SLPA chairman Saliya Wickramasuriya said the technical bids for the infrastructure work and first box terminal in the new South Port are […]
Number Crunchers
August 3, 2007 (LBO) – Amba Research, a fast growing investment research outsourcing (IRO) firm, has become the top employer of a UK professional accounting body in Sri Lanka, the company said. The firm has expanded its office space by occupying another floor in Colombo’s World Trade Centre building. The expansion came with a round […]
Baby Probe
COLOMBO, Aug 3, 2007 (AFP) – A Dutch couple has been detained in custody for another two weeks following their arrest nine days ago for trying to illegally adopt an infant, officials said Friday.The couple, who appeared before the Colombo Chief Magistrate Kusala Sarojini Weerawardena on Friday, were to be questioned later in the day […]
India inflation eases but RBI warns of rising commodity prices
NEW DELHI, Aug 3, 2007 (AFP) – India’s inflation rate eased to 4.36 percent on falling food prices, official data on Friday showed, after the central bank held benchmark interest rates steady earlier in the week. Inflation dropped in line with market expectations for the week ended July 21 from 4.41 per cent for the […]
India and US in landmark nuclear deal
NEW DELHI, Aug 3, 2007 (AFP) – India and the United States unveiled on Friday the text of an operating agreement for their controversial civilian nuclear technology deal, with key provisions on fuel supplies and safeguards.The agreement, which took two years to complete, spells out how a plan for Washington to share nuclear technology with […]
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August 3, 2007 (LBO) – The Ceylon Chamber of Commerce has called for applications from Sri Lankan companies for its annual ‘Ten Best Corporate Citizen Awards’ contest. The awards, part of the chamber’s efforts to promote Corporate Social Responsibility (CSR) within the business community, will be held on November 29, 2007. The main objectives of […]
India asks Sri Lanka to speed to trade deal talks
August 03, 2007 (LBO) – India has called on Sri Lanka to ‘speed up’ talks on the enhanced free trade pact between the two countries during talks with a delegation from the island seeking more Indian investments. Indian Minister of State for Commerce Jairam Ramesh said the two countries should seek to sign the bilateral […]
Sri Lanka says July reserve money target met, but inflation up
August 03, 2007 (LBO) – Sri Lanka’s central bank said its target for July reserve money was met with billions of rupees to spare and most of the inflation recorded in the month was due to administered price revisions. “Consequently, the annual average rate of the CCPI also moved upto 17.2 per cent in July […]