Author: lbostgadmin
Credit Trend
Sep 02, 2013 (LBO) – Sri Lanka’s commercial bank credit to private borrowers hit a 10 months high in July after a reserve ratio cut, while credit to state and state enterprises also surged, official data shows.Only the April fiscal data has so far been released. State cash flow gaps however can also occur due […]
Sri Lanka private inflation index surges to 9.9-pct in July
Sept 02, 2013 (LBO) – Inflation in Sri Lanka’s key cities rose 9.9 percent in August 2013 from a year earlier accelerating from 6.1 percent in July, a price index compiled by private citizens showed.The CAL Urban Index, compiled by an investment research house, rose 2.4 percent in August, after falling 1.4 percent in July. […]
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COLOMBO, September 1, 2013 (AFP) – Sri Lanka’s state-run media Sunday accused UN human rights chief Navi Pillay of being “prejudiced”, a day after she warned that the island was becoming “increasingly authoritarian”.Pillay ended a fact-finding mission to the country to probe allegations of war crimes Saturday by saying Sri Lanka was a place where […]
Indian Oil Corp. raises petrol, diesel prices
NEW DELHI, September 1, 2013 (AFP) – India’s biggest refiner, Indian Oil Corporation, increased petrol prices by more than 3.5 percent from Sunday, blaming the falling rupee for the hike. The company also raised diesel prices by just over one percent, it said in a statement issued late on Saturday, after a week which saw […]
Sri Lanka not too worried over currency troubles: Treasury secretary
Aug 31, 2013 (LBO) – Sri Lanka was not much worried over currency troubles sweeping South Asia, Treasury Secretary P B Jayasundera said as the Indian Ocean Island followed India into import tightening.In 1991 the Reserve Bank of India completely ran out of foreign reserves and even shipped its gold reserves abroad before halting sterilized […]
UN rights chief pre-judging Sri Lanka
August 30, 2013 (AFP) – Sri Lanka’s President Friday suggested UN human rights chief Navi Pillay had pre-judged his Indian Ocean island, according to a statement from his office, as the nation faces allegations of war crimes.President Mahinda Rajapakse, in face-to-face talks with Pillay, told her that Sri Lankans believe that the UN is biased, […]
Sri Lanka becoming more authoritarian: UN rights chief
COLOMBO, August 31, 2013 (AFP) – UN human rights chief Navi Pillay on Saturday accused Sri Lanka of becoming “increasingly authoritarian”, with activists facing growing military harassment four years after the end of a civil war.Rajapakse’s government has since been dogged by claims of indiscriminate killing of ethnic minority Tamils. Pillay charged that military officials […]
Sri Lanka relieves officers over killing of villagers
August 30, 2013 (AFP) – Sri Lanka’s army on Friday reprimanded senior officers accused of leading a deadly crackdown earlier this month on villagers who were demonstrating against contaminated water, the military said.She is visiting Sri Lanka in connection with allegations that troops killed up to 40,000 civilians in the final stages of the war […]
Lanka steps up attack on UN rights chief
COLOMBO, August 29, 2013 (AFP) – Sri Lanka ratcheted up criticism of the UN human rights body on Thursday, accusing it of repeated “vicious and baseless” allegations, as its chief visited the island to probe alleged war crimes.Foreign Minister Gamini Lakshman Peiris told Navi Pillay that Sri Lanka “resents vicious and baseless positions which are […]
Sri Lanka overreacted to milk contamination: minister
Aug 30, 2013 (LBO) – Sri Lanka has probably overreacted in its response to stories of contaminated milk imported from abroad, information minister Keheliya Rambukwelle said.A trade union went to courts and got an order halting the sales of Fonterra products, and nationalists protested in front of its factory in Sri Lanka, leading to the […]
Sri Lankan airlines says to change times or buy tickets quickly
Aug 30, 2013 (LBO) – State-run Sri Lankan Airlines has asked customers to change or buy tickets today as its reservation system, will not be accessible after midnight tonight. The reservation system will come online on September 01 following an upgrade. Passengers who want to buy tickets or change itineraries are being asked to contact […]
IMF avoids comment on speculation India seeking aid
WASHINGTON, August 29, 2013 (AFP) – The International Monetary Fund declined to comment Thursday on speculation that India, reeling under a currency crisis, may seek IMF assistance.A wave of poor economic news for India — the rupee crashed to a new record closing low Wednesday — has fueled talk that New Delhi might need to […]