Author: lbostgadmin
‘s rupee hits new low
Aug 28, 2013 (LBO) – Sri Lanka’s rupee hit a new low of near 135.00 to the US dollar in the spot next market Wednesday dealers said, while bond yields rose. The rupee opened at 133.20/30 to the US dollar and weakened rapidly, in mid-morning trade in one of the sharpest single day falls seen […]
Sri Lanka Treasuries yields steady
Aug 28, 2013 (LBO) – Sri Lanka’s Treasuries yields were steady at Wednesday’s auction with 9.7 billion rupees in bills being sold to the market, after offering 10 billion rupees, the state debt office said.A central bank that prints money to buy Treasury bills adds demand to the economy, which trigger imports and causes currency […]
Sri Lanka rupee fall temporary aberration: CB Governor
Aug 28, 2013 (LBO) – A sharp fall in Sri Lanka’s rupee was a temporary aberration Central Bank Governor Nivard Cabraal said after the rupee recovered to 133.30 to the dollar after falling as much as 135.00. “We have looked into the matter and it was a very small trade, Governor Cabraal said. “We think […]
UN-ESCAP boss at South Asia econ summit in Sri Lanka
Aug 27, 2013 (LBO) – Noeleen Heyzer, executive secretary of the United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) will deliver the keynote address a regional economic forum in Sri Lanka. The 6th South Asia Economic Summit (SAES), will start in Colombo on September 02. The Institute of Policy Studies, a […]
Sri Lanka signs economic and defence deals with Belarus
Aug 27, 2013 (LBO)- Sri Lanka has signed a series of bilateral deals involving trade, taxation, tourism and defence co-operation following a visit by President Mahinda Rajapaksa to Belarus.Agreements on trade and economic co-operation, avoidance of double taxation and prevention of fiscal evasion, tourism and technical co-operation on military affairs had been signed, the media […]
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COLOMBO, August 27, 2013 (AFP) – Sri Lanka’s cultural affairs ministry has taken strong exception to a mass “wedding” of police dogs, which used symbols of traditional Buddhist nuptials on the Indian Ocean island. Culture Minister T.B. Ekanayake demanded an explanation for Monday’s ceremony in central Sri Lanka, which was intended to promote a programme […]
UN rights chief asked to trace Sri Lanka war missing
COLOMBO, August 27, 2013 (AFP) – Families of people who disappeared during Sri Lanka’s ethnic war demonstrated in the former rebel stronghold of Jaffna Tuesday as UN rights chief Navi Pillay visited the area on a fact-finding mission.Demonstrators led by women held photographs of their missing relatives outside the Jaffna library and urged Pillay, the […]
‘s rupee hits fresh lifetime low
MUMBAI, August 27, 2013 (AFP) – India’s rupee fell to a new low Tuesday on fears over the country’s slowing economy and the impact of a new food programme for the poor on already strained finances.The rupee, like currencies of other emerging markets, has also fallen on fears of foreign fund outflows as the US […]
India says people can afford food-for-poor scheme as markets tank
NEW DELHI, August 27, 2013 (AFP) – India’s finance minister insisted Tuesday the government could afford a vast new food programme for the poor despite growing concern about public finances which drove the rupee to a new record low.The Indian currency, which has been under sustained pressure, fell 2.73 percent to 66.07 against the dollar […]
Bangladesh holds Fonterra milk products over scare
DHAKA, August 27, 2013 (AFP) – Bangladesh authorities have restricted imports of powdered milk mostly from New Zealand dairy giant Fonterra following a contamination scare that has seen global recalls, officials said Tuesday. Customs officials are holding more than 600 tonnes of powdered milk mostly from Fonterra until mandatory chemical tests showed they were safe, […]