Author: lbostgadmin
‘s Central Bank hikes interest rates
Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion.Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion. The repurchase […]
Sri Lanka rejects Oslo venue for peace talks
Sri Lanka’s president Wednesday rejected a Tamil rebel demand to hold talks in Oslo and welcomed a statement from an international quartet this week that urged the guerrillas to halt killings. Sri Lanka’s president Wednesday rejected a Tamil rebel demand to hold talks in Oslo and welcomed a statement from an international quartet this week […]
Two Sri Lankan soldier killed in new clashes
At least two soldiers were killed in Sri Lanka’s embattled northern peninsula of Jaffna Wednesday while security forces recovered three land mines aimed at troops, military officials said. At least two soldiers were killed in Sri Lanka’s embattled northern peninsula of Jaffna Wednesday while security forces recovered three land mines aimed at troops, military officials […]
More Problems
United Nation’s experts say under-age girls in tsunami affected communities in Sri Lanka, are being forced into marriages.United Nation’s experts say under-age girls in tsunami affected communities in Sri Lanka, are being forced into marriages. “The phenomenon of so-called “tsunami marriages” among under-age girls is common in some areas, especially in southern India and Sri […]
Aftermath
Sri Lanka’s tsunami victims grapple with alcoholism, depression and insecurity as rehabilitation slows down with time.Sri Lanka’s tsunami victims grapple with alcoholism, depression and insecurity as rehabilitation slows down with time. People’s consultations targeting tsunami survivors, by the UNDP, the Human Rights Commission of Sri Lanka and the University of Colombo show the strain of […]
Certified Workers
Sri Lankans heading east to Malaysia for work will need a Malaysian Employment Trainee certificate from February 2006 to qualify for visas.Sri Lankans heading east to Malaysia for work will need a Malaysian Employment Trainee certificate from February 2006 to qualify for visas. Under the labour sourcing agreement signed between the two governments recently, some […]
Open Gate
BRUSSELS, Dec 21 (AFP) – The European Commission said Wednesday that it had granted duty and quota-free access to 7,200 imports from 15 developing countries.BRUSSELS, Dec 21 (AFP) – The European Commission said Wednesday that it had granted duty and quota-free access to 7,200 imports from 15 developing countries. The countries to benefit from the […]
Records despite rain ruined production
Despite lower productions since October, the island’s annual tea production could still beat the 2002 record of 310 million kilos.Asia Siyaka Commodity Brokers said “Even though the heavy rains in October and November caused a production short fall against 2004, Sri Lanka is still on its way to achieving a record an annual figure in […]
Gobble Gobble
National Development Bank (NDB) on Tuesday said it was seeking Central Bank approval to merge with its housing loan financing unit.National Development Bank (NDB) on Tuesday said it was seeking Central Bank approval to merge with its housing loan financing unit. If approved, the merger will give NDB housing access to cheap financing for its […]
Co-chairs rap LTTE for instigating violence, Govt. for being slow to control paramilitary uprisings
The co-chairs of the Tokyo donor conference on Monday rapped the LTTE for instigating violence, warning that “a failure to demonstrate a willingness to change would not be without serious consequences.” The co-chairs of the Tokyo donor conference on Monday rapped the LTTE for instigating violence, warning that “a failure to demonstrate a willingness to […]
Fuel to the Fire
Shares in retail fuel giant Lanka IOC Ltd., were suspended Tuesday, as the firm grapples with working capital constraints.Shares in retail fuel giant Lanka IOC Ltd., were suspended Tuesday, as the firm grapples with working capital constraints. A Colombo Stock Exchange spokesperson told LBO the stock was suspended pending a clarification from the Indian fuel […]
Moving Parts
Lanka IOC said it is proceeding forward with plan to set up a lubrication blending plant in Trincomalee despite working capital constraints in its fuel retailing business.Lanka IOC said it is proceeding forward with plan to set up a lubrication blending plant in Trincomalee despite working capital constraints in its fuel retailing business. Lubed Up […]