All Blogs
Norway blames Tamil Tigers for failed talks
OSLO, June 8, 2006 (AFP) – Norway on Thursday officially declared talks between Sri Lanka and Tamil Tigers to improve the security of foreign ceasefire observers a failure, blaming the rebels for the breakdown.The separatist Liberation Tigers of Tamil Eelam (LTTE) and Sri Lankan representatives were to hold direct talks for the first time since […]
Olive Branch
June 9, 2006 (LBO) — Sri Lanka plans to repay millions of dollars due to the troubled fuel retailer Lanka IOC, in cash and bonds to meet immediate purchases of petrol stocks, the Indian firm said Friday. To date, Colombo owes the Indian fuel retailer over 76 million dollars in unpaid subsidies for selling fuel […]
Sri Lanka’s electronic bonds off to a flying start
June 8, 2006 (LBO) – Sri Lanka’s new electronic platform which trades government bonds has generated 7.1 billion rupees worth of trades since its soft launch on May 24, officials said Thursday.Bloomberg, a financial market specialist who developed the software says, the trading system ensures transparency and brings in price discovery when government securities are […]
Sri Lanka asking Pakistan for swift military assistance: Jane’s
LONDON, June 8, 2006 (AFP) – Sri Lanka is looking to Pakistan for help to bolster its military capabilities as the ceasefire between the government and rebels appears increasingly fragile, specialist publication Jane’s Defence Weekly said Thursday. Sri Lanka has asked Pakistan to facilitate the purchase of military equipment worth around 60 million dollars (47 […]
‘s electronic bonds off to a flying start
June 8, 2006 (LBO) – Sri Lanka’s new electronic platform which trades government bonds has generated 7.1 billion rupees worth of trades since its soft launch on May 24, officials said Thursday.Bloomberg, a financial market specialist who developed the software says, the trading system ensures transparency and brings in price discovery when government securities are […]
New Broom
June 08 (LBO) – The newly set up, state-sponsored Lanka Puthra Development Bank is to begin operations by the end of this month, but the bank, which has no branch network, has to find a way to reach rural customers. We will provide loans of a million rupees and more, at competitive interest rates for […]
Cinnamon trees sprout again in tsunami-hit Sri Lanka village
HIKKADUWA, Sri Lanka, June 8, 2006 (AFP) – Eighteen months after the tsunami uprooted centuries-old cinnamon plantations in a country where the golden cash crop is a vital source of income, the trees are sprouting “like magic”. Part-time cinnamon planter Wimalawathi Mendis thought her modest plot was doomed when much of her village, Malawenna, just […]
Trade Swap
June 08 (LBO) – The Asia Pacific Trade Agreement between six Asia Pacific countries including Sri Lanka will kick off on July 1 this year, offering deep tariff cuts on several goods. Sri Lanka will enjoy margins of preference of up to 50 percent on goods like coconut products, spices, tea and rubber to Bangladesh, […]
Time not ripe yet for Indian mangoes to hit US
WASHINGTON, June 8, 2006 (AFP) – Americans have to wait probably another year before they can relish succulent Indian mangoes. More than three months after President George W. Bush told Indian Prime Minister Manmohan Singh that “the United States is looking forward to eating Indian mangoes,” Washington has still not decided to open the doors […]
Lies or the bitter truth?
June 8, 2006 (LBO) – Some time ago I wrote a column about changing the time standard: It was a fun piece because I thought the whole thing was a joke or a smokescreen (for something like:); and I couldn’t care that much about which way the decision went. But I am no longer amused. […]