Author: lbostgadmin
Sri Lanka central bank warns of higher inflation in July
July 23, 2007 (LBO) – Sri Lanka’s central bank has warned of higher inflation in July as authorities started to apply brakes on rising interest rates by expanding domestic assets of the banking system. Analysts say the reserve outflow, which is believed to be fiscally induced, picked up pace further in early July. Sri Lanka’s […]
Tamil Tigers still getting arms from Cambodia: report
PHNOM PENH, July 23, 2007 (AFP) – Tamil Tiger rebels are still getting weapons smuggled from Cambodia, which are fuelling spiraling unrest in Sri Lanka, a security journal reported.“Cambodia is one of the most significant single sources of weapons for the insurgent group,” Jane’s Intelligence Review said in a report published online last week, without […]
Sri Lankan aid worker shot dead in Jaffna
July 23, 2007 (AFP) – A Sri Lankan aid worker employed by the Danish Refugee Council (DRC) was shot dead on Monday in the besieged government-held northern district of Jaffna, the charity said. “We are very shocked by this terrible event,” DRC representive Charles Macfadden said in a statement, adding that his group was unaware […]
Fresh violence in Sri Lanka kills 10 people
July 23, 2007 (AFP) – At least nine Tamil Tiger guerrillas and a civilian were killed in fresh violence in Sri Lanka, the military and the rebels said Monday.Government forces shot dead four members of the Liberation Tigers of Tamil Eelam (LTTE) along the de facto border separating their areas of control in the Jaffna […]
Chavez says nobody can be allowed to call him a tyrant
CARACAS, July 22, 2007 (AFP) – Venezuela’s fiery socialist President Hugo Chavez on Sunday vowed to kick out foreigners who brand him a “tyrant,” after a Mexican politician spoke at a forum here on sensitive democracy issues.“No foreigner can come here to attack us.Anyone who does must be removed from this country,” Chavez said on […]
Clemency Plea
RIYADH, July 23, 2007 (AFP) – A Sri Lankan minister in Saudi Arabia to plead for the life of a teenage housemaid condemned to death for murdering a four-month-old baby said on Monday he was hopeful of a positive outcome. So far this year there have been 108 executions in Saudi Arabia. Deputy Foreign Minister […]
More Cash
July 23, 2007 (LBO) – Commercial Bank of Sri Lanka has more than doubled the limits on cash withdrawals from automated teller machines (ATMs) and increased limits on debit card purchases. “The increase in the point-of-sale limit on our debit cards will enable our customers to carry out high value transactions provided the necessary funding […]
Another Problem
July 23, 2007 (LBO) – The sudden recall of Sri Lanka’s envoy in Saudi Arabia may affect the case of a teenager on death row, a rights body which championed her cause said Monday in an open letter to President Mahinda Rajapkse. AHRC said it hoped the case of Rizana Nafeek may serve as a […]
Money Probe
July 23, 2007 (LBO) – Money laundering investigators say authorities are probing activities of Goldquest in Sri Lanka but details could not be released because there was no legal provision to do so. Officials had claimed earlier in the seminar that money laundering through the financial system could turn away genuine foreign investors. “Goldquest investigations […]
Red Light
July 24, 2007 (LBO) – Sri Lanka’s bank regulators have shot down an attempt to appoint a common directorate to two state banks which had their origins in election promises, but are now trying to consolidate to conserve capital, officials said. Vimasuma.com Newsdesk The government is planning to amalgamate a state bank created to give […]
‘s meet
July 22, 2007 (AFP) – A powerful bomb was found at a market along a road leading to a conference venue where Sri Lankan President Mahinda Rajapakse addressed workers from his Freedom Party Sunday, police said.The bomb weighing about eight kilograms (17.5 pounds) was hidden in a bag at the roadside market in the Colombo […]
Sri Lanka president rules out snap poll
July 22, 2007 (AFP) – Sri Lanka’s president has ruled out a snap parliamentary election to increase his slender majority, after battlefield success against the Tamil Tiger rebels boosted his government. President Mahinda Rajapakse said he was keen that the current parliament serve its full six-year term.It was elected in April 2004, while the president […]