Author: lbostgadmin
‘s visit
Feb 14, 2007 (AFP) – A blast in Sri Lanka’s east hurt 12 people ahead of a visit to the region by Britain’s junior foreign minister Kim Howells on Wednesday to assess projects funded by the former colonial power.More than 60,000 people have been killed in the conflict. A van carrying 15 civilians hit a […]
Five killed as British minister tours Sri Lanka
Feb 14, 2007 (AFP) – Three rebels, a policeman and a security guard were killed in Sri Lanka’s restive eastern province Wednesday as Britain’s junior foreign minister Kim Howells toured projects in the area funded by the former colonial power.Security forces killed three Tiger rebels during clashes across eastern Amapara district which also claimed the […]
Dravid helps India level Sri Lanka series
GOA, India, Feb 14, 2007 (AFP) – Rahul Dravid became the sixth batsman in history to reach 10,000 one-day runs as he steered India to a series-levelling five-wicket win over Sri Lanka on Wednesday. Dilshan and Arnold rebuilt again in the middle overs before Harbhajan had Dilshan caught at the wicket in the 42nd over […]
Easy Customs
Feb 14 (LBO) – Traders and businessmen could easily navigate through Sri Lanka’s plethora of taxes and customs regulations, through a single searchable database being rolled out for public use in March, officials said. The new database will hold all of the country’s customs regulations, related laws, taxes and other levies as well as preferential […]
Mango Friends
February 14 (LBO) – Former tourism Anura Bandaranaike may come back to the government with the aviation portfolio, a senior government minister said. vimasuma.com Newsdesk Updated . Bandaranaike Wednesday met President Rajapakse in the company of Minister Dinesh Gunewardene and Western Province Governor Alavi Moulana a spokesman from the presidential secretariat said. The meeting was […]
Hedge Start
Feb 14, 2007 (LBO) – Sri Lanka has stepped into the murky world of futures and options by hedging part of its future oil payments for March, Ceylon Petroleum Corporation Chairman said Wednesday.The national oil company signed off an option collar for 150,000 barrels of oil at a strike price of 70 dollars with Standard […]
Sri Lanka exports slow in 2006; remittances and borrowings bridge the gap
February 12 (LBO) – Sri Lanka’s exports growth slowed to 8.4 percent in 2006 from 10.2 percent, while imports grew by 15.7 percent, widening the trade balance by a third to 3.3 billion US dollars, the Central Bank said Tuesday. Private remittances grew by 21 per cent to 2,326 million US dollars containing the current […]
Oil Pinch
February, 13 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation, is poised to grab more market share from the country’s dominant state-owned petroleum distributor and gain from a leaner cost base, an equities research house has said. LIOC shares slid below 30 rupees last year after disputed subsidy claims hit the firm’s […]
Municipal councilor shot dead
Feb 13, 2007 (LBO) – A member of the Dehiwala-Mount Lavinia municipal council was shot dead by unidentified gunmen Tuesday, police said. United National Party member Ariyaratne Silva had been killed at his office in Attidiya Road. Mt. Lavinia police say a T-56 automatic rifle had been used in the killing. (www.vimasuma.com Newsdesk) .
One killed, five injured in Sri Lanka
One killed, five injured in Sri Lanka COLOMBO, Feb 13, 2007 (AFP) – A civilian was gunned down in Sri Lanka’s restive north on Monday, while security forces traded fire with Tamil Tiger rebels elsewhere, the defence ministry said. More than 60,000 people have died in the 35-year-old ethnic conflict.Unidentified gunmen shot dead a Tamil […]
Zimbabwe inflation nears 1,600 percent
HARARE, Feb 12, 2007 (AFP) – Zimbabwe’s annual inflation rate, the world’s highest, soared again by more than 300 points to 1,593 percent in January, according to official figures released Monday. The often forcible seizure of white-owned farms which were then doled out to landless blacks often without any skills, tools or experience has been […]
” 6.58% inflation
NEW DELHI, Feb 13, 2007 (AFP) – India’s central bank tightened monetary policy on Tuesday for a second time in two weeks to fight surging inflation, announcing a 50-basis-point hike in the cash-reserve ratio requirement for commercial banks. The central bank has been using a variety of tools to fight inflation since it began a […]