Author: lbostgadmin
US, Norway, condemns the latest acts of violence in Sri Lanka
Apr.12 (LBO) – The governments of United States and Norway Wednesday condemned the latest round of violence in Sri Lanka and urged both parties to honour the ceasefire agreement. -LBO Newsdesk: LBOEmail@ “The United States condemns in the strongest possible terms the recent terrorist attacks carried out by the Liberation Tigers of Tamil Eelam (LTTE) […]
New blast pushes death toll to 21 and dims Sri Lanka peace hopes
Apr. 12 (AFP) – International concern mounted for Sri Lanka’s peace efforts Wednesday as the third landmine attack in as many days raised the death toll to 21 and dimmed prospects for truce talks due next week.Two policemen died in a suspected Tamil Tiger landmine blast in the restive northeast on Wednesday as peace brokers […]
Inflationary expectations low this year – poll
Apr. 12 (LBO) – An online poll of LBO readers has shown that inflationary expectations for 2005 are low.Low future expectations have imported implications for prices as well as interest rates. High inflationary expectations makes people behave in ways that force inflation up, such as demanding higher wages, or raising prices of output in expectation […]
Market bomb kills 13, dims peace hopes in Sri Lanka
Apr. 12 (AFP) – A bomb ripped through a vegetable market in northeastern Sri Lanka on Wednesday, killing 13 people in the latest of a series of blasts which have cast a cloud over upcoming peace talks.At least 50 other people were injured in the port town of Trincomalee when a bomb fixed to a […]
Sri Lanka truce monitors to meet LTTE after latest attacks in Trincomalee
Apr.12 (LBO) – Sri Lanka’s ceasefire monitors are due to meet with Tamil Tiger rebels on Thursday after four blasts since Monday have killed 34 people, dimming hopes that the next weeks talks in Geneva may not get off the ground. A bomb fixed to a bicycle exploded in Trincomalee market Wednesday killing 13 people […]
Tax Ceiling
Apr.12 (LBO) – Sri Lankan banks have asked the government to consider imposing a lower tax on credit card transactions, as the new stamp duty will discourage people from using the formal banking system, an official said. Starting April 4, the government is charging one percent or Rs10 for every Rs1000 spent on a credit […]
‘s Central Bank maintained policy rates for the fourth straight month
Apr.12 (LBO) – Sri Lanka’s Central Bank Wednesday maintained policy rates for the fourth straight month as they are comfortable with economic expansion, though private sector credit demand has not shown signs of abating. The repurchase rate, which drains the money from the banking system, stays at 8.75 percent, while the reverse repurchase rate remains […]
Britons wounded in Sri Lanka blast
Apr.11 (AFP) – Three Britons were injured in Tuesday’s bomb attack in northeastern Sri Lanka in which 12 sailors were killed, police said. The two women and a man were flown to Colombo for treatment after their van was caught up in a mine attack that was intended for a navy bus, a police official […]
Bus blast kills 12 Sri Lankan sailors and dims peace hopes
Apr.11 (AFP) – Suspected Tamil rebels blew up a bus full of sailors in northeastern Sri Lanka on Tuesday killing 12 and further dimming hopes for a new round of peace talks next week, officials said. The attack was seen by officials involved in the Norwegian-backed peace bid as a blow to diplomatic efforts to […]
Returning Sense
Apr.11 (LBO) – Sri Lanka’s finance ministry says fuel subsidies are placing an unsustainable burden on the exchequer; in a move analysts expect to be a precursor to an upcoming round of retail fuel price hikes. “In 2005, the government had to spend Rs25 billion to sell fuel below cost,” a statement from the Ministry […]
After Test pain, Jayasuriya eyes World Cup glory
Apr.11 (AFP) – Sanath Jayasuriya may have experienced only pain and disappointment in his farewell Test, but he hopes the cricketing gods will smile on him at the World Cup next year.The former Sri Lankan captain says his retirement from Test cricket will help him focus on one-dayers and he will do his best to […]
Indian cricket board suspends former boss Dalmiya
NEW DELHI, Apr.11, 2006 (AFP) – Former world cricket chief Jagmohan Dalmiya was on Tuesday suspended from the Indian board he once ruled on charges of misappropriation of funds.The Board of Control for Cricket in India (BCCI) said in a statement that Dalmiya, 65, would not take part in its activities till a probe into […]