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Four shot dead after heavy Sri Lanka fighting
July 15, 2007 (AFP) – Four civilians were bound and shot dead execution-style in northern Sri Lanka near the scene of heavy battles between troops and Tamil rebels, a police official said Sunday.The bodies of the four were discovered Sunday shot in the head and with their hands tied behind their backs in Vavuniya district, […]
‘s lagging growth blamed on leftists, beggar mentality, big government: poll
July 15, 2007 (LBO) – Thirty years after Sri Lanka started to open its economy, a poll by an influential weekly has shown overwhelming approval for liberalization, with some saying reforms were not deep enough in areas like education. Respondents to the Sunday Times poll said while private sector workers had to work long hours […]
Air Chase
July 14, 2007 (LBO) – SriLankan Engineering, the technical arm of SriLankan Airlines, is actively marketing aircraft maintenance services armed with a new certification from the European Aviation Safety Agency (EASA), the airline said. The EASA 154 certification will “significantly strengthen” its profile among prospective customers who include airlines throughout Asia and Europe, SriLankan said. […]
Zimbabwe arrests business people as money printing drives prices up
HARARE, July 13, 2007 (AFP) – Authorities in Zimbabwe announced the arrest of hundreds more retailers and executives as part of an ongoing price crackdown Friday as it emerged the head of the central bank had warned against the blitz. Mugabe has warned that his government will seize and nationalise companies that refuse to toe […]
Heavy fighting erupts in Sri Lanka
July 14, 2007 (AFP) – Sri Lankan troops used war planes and long-range weapons to attack suspected Tamil Tiger positions as fresh fighting broke out early Saturday, the defence ministry said.Fighter jets pounded suspected Liberation Tigers of Tamil Eelam (LTTE) locations in the north of the island, where heavy artillery duels killed at least one […]
Sri Lanka, ILO to probe use of child labour in agriculture
July 14, 2007 (LBO) – Sri Lanka’s Labour Ministry has sought the help of the International Labour Organization to do a survey to find out if the country’s agriculture sector uses child labour. They are today the most vulnerable of the farming and fishing communities and their rights to a decent and dignified childhood free […]
Sri Lanka to choose lead managers to US$400mn bond by end July
July 13, 2007 (LBO) – Sri Lanka would appoint lead managers to a 400 million dollar sovereign bond issue by the end of this month, the government’s debt office said. International investment banks have been asked to submit proposals by July 16, and the joint lead managers to the issue would be appointed by the […]
Sri Lanka low grown teas fetch record prices
July 13, 2007 (LBO) – Sri Lanka’s low grown tea prices have surged owing to strong demand from key buying countries and a shortfall in the crop, brokers said. Prices of low grown teas, grown mainly in the low country districts and by smallholders, have been climbing steadily for the past one year. But the […]
Positive Trend
July 13, 2007 (LBO) – Sri Lanka’s exports in May has surged 25.8 percent driven by a 45.5 percent jump in apparel shipments largely to the United States and the European Union, the Central Bank said Friday. Exports grew to 641 million US dollars in May 2007 against 509 million dollars in May 2006. “Persistently […]
Private Deals
July 13, 2007 (LBO) – Sri Lanka’s construction industry is urging the government to accept draft guidelines on treating unsolicited bids in an effort to ensure transparency and fair competition in infrastructure contracts. The move comes at a time when the phenomenon of unsolicited bids in a range of infrastructure projects is becoming common, causing […]