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Sri Lanka slaps curfew on port town after suicide attack
COLOMBO, Oct 18, 2006 (AFP) – Authorities imposed an indefinite curfew on Sri Lanka’s port town of Galle Wednesday after Tiger rebels launched a suicide bombing against a key naval base there, Media Minister Anura Yapa told AFP. Police were ordering people off the streets and traffic was being diverted, the minister said, adding that […]
Malaysia leads investment flows into Sri Lanka for second year, Asia in investment boom
Oct 18 (LBO) – Malaysia will lead foreign investment into Sri Lanka for the second year running led by telecoms and infrastructure, as developing countries emerge as top investors in the region. The third world has emerged as significant global investors, the United Nations Conference of Trade and Development, said in its latest investment report, […]
Sri Lanka raises US$ 340 mn in foreign investments: BOI
October 18, 2006 (LBO) – Sri Lanka has managed to attract just over 340 million dollars in foreign investments for the eight months to July, the Board of Investment said Wednesday on account of telecom and clothing related projects. Over 60 percent of the investments have so far come from telecommunications, software developments and business […]
Sri Lanka issues maiden 2000 rupee note, but is no stranger to big bills
Oct 17, 2006 (LBO) – Sri Lanka issued its first 2000 rupee note on Tuesday, but is no stranger to large denominations, with a ten thousand rupee note put into circulation in 1946. At the time, with Sri Lanka still under British rule and two years short of independence, notes were issued by a currency […]
Sri Lanka to raise US$150 mn loan in Nov; Tbonds to overseas investors next week
October 17, 2006 (LBO) – Sri Lanka plans to raise 150 million dollars via a syndicated loan from foreign investors, the central bank said Tuesday a day after announcing that the country was opening its government bond market for overseas players. The bank said it hopes to raise the loan in November, but stopped short […]
Sri Lankan rupee sinks further; share prices dip over security worries
Oct 17, 2006 (LBO) – Sri Lankan rupee sank further breaching the 107.00 mark amidst profit taking by banks on Tuesday, while share prices fell 0.60 percent as the volatile security situation kept investors away, dealers said. The rupee touched an all time low to close at 107.10 to the greenback, from Monday’s close of […]
Sri Lanka rupee sinks to new low against dollar
October 17, 2006 (LBO) The rupee sank to a new low Tuesday, falling to 107.65 against the dollar in early morning trade, dealers said.The rupee had also been heavily overvalued with the Real Effective Exchange Rate moving close to 110 percent after the rupee appreciated with tsunami aid flows despite high domestic inflation. Analysts say […]
Why Not?
Oct. 17, 2006 (LBO) — Emirates Telecommunications Corp. is in talks with the Sri Lankan government to acquire a stake in Sri Lanka Telecom, its spokesman said Tuesday. The company, also known as Etisalat, is looking at buying a controlling stake in SLT, spokesman Ahmed bin Ali told Bloomberg News. He decline to provide further […]
Search for clues in bloody debris of Sri Lankan suicide blast
HABARANA, Sri Lanka, Oct 17, 2006 (AFP) – The mobile phones, stowed in bags still on board shattered, blackened buses, rang until dawn as frantic relatives sought news of their sons, Sri Lankan sailors about to come home on leave.“It’s a very terrible situation — more than 100 deaths and now so much to do. […]
Sri Lanka jets bomb Tamil Tiger radio, say rebels
Oct 17, 2006 (AFP) – Sri Lankan war planes Tuesday bombed and destroyed the main transmitting tower of the Tamil Tiger’s radio station, the guerrillas said.The Liberation Tigers of Tamil Eelam (LTTE) said Kfir jets attacked their “Voice of Tigers” transmitting facility in the northern town of Kokkavil. “The VOT is the only radio broadcasting […]