Author: lbostgadmin
‘s sovereign bonds; Central Bank
November 01, 2006 (LBO) – Sri Lanka Wednesday, threw open the government bond market for overseas investors to buy rupee-denominated sovereign debt for the first time beginning today, the Central Bank said. Prior to this, overseas investors were only allowed to invest in equities and dollar bonds issued by the government, also known as Sri […]
‘s inflation hits 17.2% in October, despite falling oil prices
October 31, 2006 (LBO) – Consumer prices in Sri Lanka bounced up to 17.2 percent in October from 15.4 percent in September, the Census & Statistics Dept said Tuesday, due to higher prices of fuel, cigarettes, alcohol and certain types of food. The rise in inflation came despite a fall in international oil prices, and […]
Sri Lanka says Tigers must stop violence
Oct 31, 2006 (AFP) – Sri Lanka’s government said Tuesday that it was only willing to open a crucial highway linking the northern Jaffna peninusla and the south of the island if Tamil Tiger rebels gave up violence.The conflict in Sri Lanka is Asia’s longest and bloodiest separatist war, claiming over 60,000 lives since the […]
Troops and rebels killed in north and east Sri Lanka clashes
Oct 31, 2006 (AFP) – At least five people were reported killed and six others injured in separate clashes Tuesday between Tamil rebels and government troops in north and east Sri Lanka, defence officials said.A soldier was killed and three others injured when a mine exploded on a truck carrying troops for leave in the […]
‘ Association announces new awards
Oct 31, 2006 (AFP) – The Sri Lanka Cricketers’ Association (SLCA) on Tuesday announced an awards scheme for the country’s leading domestic and international players.“A lot of countries have such awards.This is something that we’ve been thinking of seriously and want to initiate,” Pramodaya Wickaramasinghe, president of the SLCA, told AFP. “Domestic cricket has been […]
India central bank warns of overheating economy
MUMBAI, Oct 31, 2006 (AFP) – India’s central bank warned Tuesday of overheating in one of the world’s fastest growing economies as it juggled interest rates in a mid-term policy review aimed at keeping prices in check. The Reserve Bank of India raised the cost for banks to borrow by a quarter percentage point to […]
Nest Egg
October 31, 2006 (LBO) – Sri Lanka is toying with the idea of starting a provident fund for migrant workers in an attempt to give countrymen a form of saving to live after retirement. Over 1.5 million Sri Lankans, who work and reside overseas, have remitted 1.539 billion dollars to the country during the eight […]
Aviation Debut
Oct 31, 2006 (LBO) – Sri Lanka plans to throw open the aviation corridor along the southern and eastern coast of the island for commercial traffic from next month, officials said Tuesday. As part of the ‘Ruhunu Open Skies’ policy which kicks off from Nov 19, authorities also plan to open up the skies for […]
Sri Lankan rupee gets closer to another record low
October 31, 2006 (LBO) – The Sri Lankan rupee sank further against the U.S. dollar Tuesday on sustained import demand, while share prices stayed in the red in the absence of any market moving news, dealers said. The rupee opened lower at 107.60 against the dollar from Monday’s close of 107.45 and steadily rose to […]
Swiss talks failure pushes Sri Lanka to abyss
GENEVA, Oct 30, 2006 (AFP) – Talks between Sri Lanka’s warring parties here over the weekend failed to buy time to save their troubled truce, diplomats and officials said amid fears of more bloodshed at home.Peace broker Norway was unable to clinch an agreement Sunday on resolving urgent humanitarian needs, political issues as well as […]
Rebels keep pressure on troops in north after Sri Lanka talks fail
Oct 30, 2006 (AFP) – Sri Lanka’s military accused Tamil rebels of firing artillery at troops in the embattled Jaffna peninsula Monday after weekend peace talks between the combatants in Geneva failed.The conflict in Sri Lanka is Asia’s longest and bloodiest separatist war, claiming more than 60,000 lives since the LTTE launched its bid for […]
Sri Lanka rebels cut short tour after Swiss talks fail
GENEVA, Oct 30, 2006 (AFP) – Sri Lanka’s rebel Tamil Tiger negotiators have cut short a planned visit to truce monitors Norway and Iceland, and will return home immediately after Swiss peace talks failed, the top guerrilla leader said Monday.Chief negotiator of the Liberation Tigers of Tamil Eelam (LTTE), S.P. Thamilselvan, told AFP they scrapped […]