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‘s Central Bank raises policy rates
Sri Lanka’s Central Bank raised short term interest rates by quarter percentage point on Tuesday, the second increase in three months, in a bid to reign in galloping inflation Sri Lanka’s Central Bank raised short term interest rates by quarter percentage point on Tuesday, the second increase in three months, in a bid to reign […]
Sri Lanka PM secures deal with nationalist monks
Sri Lanka’s Prime Minister Mahinda Rajapakse today formally wrapped up another controversial deal with a hard-line party of Buddhist monks, promising to overhaul the Norwegian-backed peace process. Rajapakse and the leader of the all-monks party, Ellawela Medananda exchanged the scrolls they had signed on Wednesday at the premier’s Temple Trees residence, officials on both sides […]
Oiling Trade
Saudi Arabia agrees to cut import duties and open its agriculture, goods and services markets, including oil markets, to the US. Saudi Arabia agrees to cut import duties and open its agriculture, goods and services markets, including oil markets, to the US. The owner of a quarter of the world’s known oil reserves made its […]
‘s new government offers to maintain Sri Lanka peace bid
Norway’s government-elect will offer to continue peace mediation efforts in Sri Lanka “in whatever manner the parties want,” top peace envoy Erik Solheim told AFP.Norway’s government-elect will offer to continue peace mediation efforts in Sri Lanka “in whatever manner the parties want,” top peace envoy Erik Solheim told AFP. “After the new government is formed […]
Explosions at Sri Lanka fireworks factory kill three
At least three workers were killed Tuesday in explosions at a fireworks factory outside the Sri Lankan capital Colombo, police said.At least three workers were killed Tuesday in explosions at a fireworks factory outside the Sri Lankan capital Colombo, police said. Fire engines were rushed from the nearby international airport to douse the flames, said […]
Four men shot dead outside Colombo
Four men were shot dead today and their bodies dumped in a car parked inside a cemetery just outside the capital Colombo, police said. Four men were shot dead today and their bodies dumped in a car parked inside a cemetery just outside the capital Colombo, police said. The bodies were found at Dompe, about […]
Sri Lankan presidential poll turns into vote on peace process: analysts
Pre-poll pacts by the prime minister have effectively turned Sri Lanka’s presidential vote into a referendum on Norway’s peace bid and cast doubts on a 3.2 billion dollar foreign aid package for tsunami recovery, analysts said. Pre-poll pacts by the prime minister have effectively turned Sri Lanka’s presidential vote into a referendum on Norway’s peace […]
Sri Lanka’s Bank of Ceylon raises US$ 130 mn
State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports to Ceylon Petroleum Corp., officials said Monday. State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports […]
‘s Bank of Ceylon raises US$ 130 mn
State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports to Ceylon Petroleum Corp., officials said Monday. State-run Bank of Ceylon signed up for US$ 130 million two-year syndicated loan last Friday, to finance its ongoing trading facilities including oil imports […]
Paper Trail
A new ticketing system for airlines and travel agents will kick off in October this year, cutting the long paper trail between agents and airlines A new ticketing system for airlines and travel agents will kick off in October this year, cutting the long paper trail between agents and airlines Instead of individual ticket formats […]