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‘s military accuses Tiger rebels of breaching truce
Nov 1, 2006 (AFP) – Sri Lanka’s military Wednesday accused Tamil Tiger rebels of carrying out artillery and mortar attacks against government lines in the east of the island, despite a pledge to stick to a truce.A military spokesman said a government soldier was hurt overnight Tuesday in three hours of strikes by the Liberation […]
Sri Lankan rupee gets closer to another record low
October 31, 2006 (LBO) – The Sri Lankan rupee sank further against the U.S. dollar Tuesday on sustained import demand, while share prices stayed in the red in the absence of any market moving news, dealers said. The rupee opened lower at 107.60 against the dollar from Monday’s close of 107.45 and steadily rose to […]
Aviation Debut
Oct 31, 2006 (LBO) – Sri Lanka plans to throw open the aviation corridor along the southern and eastern coast of the island for commercial traffic from next month, officials said Tuesday. As part of the ‘Ruhunu Open Skies’ policy which kicks off from Nov 19, authorities also plan to open up the skies for […]
Nest Egg
October 31, 2006 (LBO) – Sri Lanka is toying with the idea of starting a provident fund for migrant workers in an attempt to give countrymen a form of saving to live after retirement. Over 1.5 million Sri Lankans, who work and reside overseas, have remitted 1.539 billion dollars to the country during the eight […]
India central bank warns of overheating economy
MUMBAI, Oct 31, 2006 (AFP) – India’s central bank warned Tuesday of overheating in one of the world’s fastest growing economies as it juggled interest rates in a mid-term policy review aimed at keeping prices in check. The Reserve Bank of India raised the cost for banks to borrow by a quarter percentage point to […]
‘ Association announces new awards
Oct 31, 2006 (AFP) – The Sri Lanka Cricketers’ Association (SLCA) on Tuesday announced an awards scheme for the country’s leading domestic and international players.“A lot of countries have such awards.This is something that we’ve been thinking of seriously and want to initiate,” Pramodaya Wickaramasinghe, president of the SLCA, told AFP. “Domestic cricket has been […]
Troops and rebels killed in north and east Sri Lanka clashes
Oct 31, 2006 (AFP) – At least five people were reported killed and six others injured in separate clashes Tuesday between Tamil rebels and government troops in north and east Sri Lanka, defence officials said.A soldier was killed and three others injured when a mine exploded on a truck carrying troops for leave in the […]
Sri Lanka says Tigers must stop violence
Oct 31, 2006 (AFP) – Sri Lanka’s government said Tuesday that it was only willing to open a crucial highway linking the northern Jaffna peninusla and the south of the island if Tamil Tiger rebels gave up violence.The conflict in Sri Lanka is Asia’s longest and bloodiest separatist war, claiming over 60,000 lives since the […]
‘s inflation hits 17.2% in October, despite falling oil prices
October 31, 2006 (LBO) – Consumer prices in Sri Lanka bounced up to 17.2 percent in October from 15.4 percent in September, the Census & Statistics Dept said Tuesday, due to higher prices of fuel, cigarettes, alcohol and certain types of food. The rise in inflation came despite a fall in international oil prices, and […]
‘s treasury bond yields up 1%
October 30, 2006 (LBO) – Sri Lanka’s borrowing costs went up by 1-percent at this week’s bond auction, reflecting market sentiment for higher yields. The Central Bank sold a small quantity of three, four and five-year treasury bonds on Monday at yields higher than the previous auction. Treasury Bond Auctions 3-years 4-years 5-years Date […]