Author: lbostgadmin
Sri Lanka sells 2-year bonds for US$115.8mn
June 19, 2009 (LBO) – Sri Lanka has sold bonds worth 115.8 million US dollars in an offer to roll over 50 million US dollars in 2-year bonds, raising 66 million US dollars in fresh funds, the government’s debt office said. The bonds were sold at a weighted average margin of 497 basis points above […]
Sri Lanka meeting admits Maldives into regional clearing group
June 18, 2009 (LBO) – the Asian Clearing Union (ACU), regional transaction settlement arrangement that tries aimed at by passing hard currency use, has admitted Maldives at a meeting held in Sri Lanka’s capital Colombo. The ACU headquartered in Iran is made up of the Bangladesh Bank, Royal Monetary Authority of Bhutan, Reserve Bank of […]
Sri Lanka lose 96,000 industrial jobs: official survey
June 18, 2009 (LBO) – Sri Lanka’s industrial sector has lost 96,000 jobs in the first quarter of 2009 with the apparel workers losing 60,000 jobs and construction workers losing 36,000 jobs, according to a government survey. But Fernando said the change was not statistically significant. The latest data includes Sri Lanka’s Eastern province, but […]
Rising Oil
June 18, 2009 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation had asked Sri Lanka’s petroleum ministry permission to raise petrol and diesel pump prices by 21 to 23 rupees a litre to stem losses amid rising oil prices, an official said. IOC managing director Suresh Kumar said his firm had lost […]
South Bunker
June 18, (LBO) – Sri Lanka is getting a 65 million US dollars loan from China’s Exim Bank to build an oil storage facility in the Southern coastal town of Hambantota, a senior government minister said. “The objective of this project is to supply and store marine fuel, aviation fuel and LP gas and provide […]
Flair all round as Sri Lanka face Windies
LONDON, June 18, 2009 (AFP) – West Indies are confident of chasing nearly any total in this event; Sri Lanka believe there is no score they can’t defend.Clearly, something will have to give in their World Twenty20 semi-final. Friday’s match at the Oval sees two exciting sides up against one another and, while Sri Lanka […]
Pakistan arrests Sri Lanka cricket attack suspect: police
LAHORE, June 17, 2009 (AFP) – Pakistani police said Wednesday they had arrested one of seven men from a shadowy Taliban-linked group accused of plotting the deadly attack on the Sri Lankan cricket team in Lahore.Six policemen and two civilians were killed and seven Sri Lankan squad members were injured when militants launched a gun […]
India enters deflation as economy slows
NEW DELHI, June 18, 2009 (AFP) – India’s annual inflation rate slipped into negative territory, official data showed Thursday, with the country’s slowing economy cutting into demand.Inflation stood at minus 1.61 percent for the week ended June 6, down from 0.13 percent the previous week, according to the Wholesale Price Index, India’s most watched cost-of-living […]
Doomed mammoths hung on for several millennia: study
PARIS, June 17, 2009 (AFP) – Woolly mammoths survived in Britain until 14,000 years ago, around 6,000 years longer than previously thought, according to a study released Thursday.The study should settle a raging debate over the extinction of mammoths in Europe, unleashed when fossils from an adult male and four youngsters were found in the […]
Fin
June 18, 2009 (AFP) – Sri Lanka’s top rights panel said Thursday it has concluded investigations into the murder of 17 local employees of a French charity and six other high profile cases from the island’s civil war.The head of the probe, however, refused to say who had been found responsible for the 2006 massacre […]
Sri Lankan stocks up 2.4-pct
June 18, 2009 (LBO) – Sri Lankan stocks extended gains Thursday closing up 2.4 percent with heavy trading on conglomerate John Keells Holdings (JKH) and financial sector companies activating the market, brokers said. The market has grown 59.9 perecent year to date, brokers said. The benchmark Colombo All Share Price Index closed up 2.41 percent […]
Sri Lanka buys US218mn from forex markets in June: CB Governor
June 18, 2009 (LBO) – Sri Lanka’s central bank has bought 218 million US dollars from forex markets so far in June on top of 160 million US dollars bought during the last two months, Central Bank Governor Nivard Cabraal said. Since a float of the rupee in March ahead of an International Monetary Fund […]