Author: lbostgadmin
Sri Lanka govt mulls tax hike on milk powder imports
Jan 02, 2009 (LBO) – The Sri Lankan government is considering increasing customs duties on milk powder imports to take advantage of plunging global prices without raising domestic prices and raise revenue. World prices have plummeted by over 50 percent from a November 2007 high of 4,550 dollars a metric ton of milk powder. “The […]
US renews call for peaceful dialogue in Sri Lanka
WASHINGTON, January 2, 2009 (AFP) – The US State Department on Friday urged the Sri Lankan and Tamil Tigers to start negotiating over the “legitimate” demands of the Tamils after Colombo announced a key win over the rebels.Sri Lanka said Friday its troops had finally captured Kilinochchi, the unofficial capital of the Tigers, and urged […]
Sri Lanka Dilshan rallies team with century
CHITTAGONG, January 3, 2009 (AFP) – Tillakaratne Dilshan smashed a superb 162 off 165 balls to lead Sri Lanka’s fightback on the opening day of the second and final Test against Bangladesh here on Saturday.Dilshan hit two sixes and 21 fours for his sixth Test century as the visitors recovered from a shaky 75-4 to […]
‘ military HQ
January 3, 2009 (AFP) – Sri Lankan troops advanced Saturday on the military headquarters of the Tamil Tigers, a day after capturing the rebels’ de facto political capital in the north of the island. The defence ministry said forces were moving towards Mullaitivu, the jungle district along the northeastern seaboard, where the Tigers are known […]
Three wounded in Colombo blast
January 3, 2009 (AFP) – At least three people were wounded in a bomb blast in Sri Lanka’s capital Colombo on Saturday, a day after a suicide bomb attack killed two people elsewhere in the city, police said. The latest explosion was outside a mosque in Colombo’s commercial area of Pettah, police said, adding that […]
Sri Lanka to give incentives for foreign remittances
Jan 03, 2009 (LBO) – Sri Lanka will give incentives to expatriate citizens to bring their saving home in the form of higher interest rates and lower taxes, Central Bank Governor Nivard Cabraal said.But a severe crash crunch in the government has led to a new surge of money printing in December, adding more pressure […]
Sri Lanka central bank promises single digit inflation in 2009
Jan 03, 2009 (LBO) – Sri Lanka’s central bank has promised single digit inflation amid deflationary external conditions and the possibility of a looser stance and lower interest rates in 2009, in its annual road map for monetary policy. In the last few months inflation has been falling with the effects of external deflationary conditions […]
Sri Lanka inflation seen falling to 8-9% by mid-2009: central bank
Jan 02, 2009 (LBO) – Sri Lanka’s inflation rate expected to fall to 8.0 – 9.0 percent by mid-2009, central bank governor Nivard Cabraal said.Cabraal said inflation has been coming down since July 2008 and that inflationary expectations also show signs of moderating. “Also, interest rates are expected to follow the decline in inflation,” Cabraal […]
Sri Lanka president takes over media portfolio
January 1, 2009 (AFP) – Sri Lanka President Mahinda Rajapakse on Thursday took the country’s influential media ministry under his wing ahead of a key mid-term election for his administration, officials said.The Ministry of Mass Media and Information was taken away from Anura Priyadharshana Yapa, who was instead given the Ministry of Investment Promotion post, […]
Sri Lanka troops take perimeter of Tiger political HQ: military
January 2, 2009 (AFP) – Sri Lankan security forces have fought their way to the perimeter of the Tamil Tiger political capital of Kilinochchi in the island’s north, the defence ministry said Friday.Three columns of troops were moving on Kilinochchi, the headquarters of the Liberation Tigers of Tamil Eelam (LTTE), the ministry said in a […]
Sri Lankan troops enter Tiger political HQ: official
January 2, 2009 (AFP) – Sri Lankan troops fought their way into the centre of the Tamil Tiger political capital of Kilinochchi on Friday, an official at the president’s office said.There were no immediate details of casualties from Friday’s fighting. There was also no immediate comment from the Tigers who used Kilinochchi as the capital […]
Sri Lankan troops capture key Tiger-held town
January 2, 2009 (AFP) – Sri Lanka said Friday its troops had finally captured the unofficial capital of the Tamil Tigers and urged the rebels to lay down their arms and end their decades-old struggle for a separate homeland.In an address to the nation, President Mahinda Rajapakse called the capture of Kilinochchi in northern Sri […]