Category:
Sri Lanka state enterprises to get tax write-off: report
Apr 13, 2009 (LBO) – Sri Lanka’s pampered state-enterprises, often overstaffed, and usually distinguished with poor customer service, are to get tax-write offs, a media report said, as the private sector is squeezed by yet new taxes. State-run Sri Lanka Broadcasting Corporation which has borrowed 150 million rupees from the Treasury will qualify for relief […]
Acid Suit
April 12, 2009 (LBO) – Sri Lanka may sue the owners of Turkish ship which sank off the island’s northeastern coast with a cargo of sulphuric acid, under marine pollution laws, a media report said. The Turkish ship Motari Magnor Granba carrying a cargo of 6,250 metric tonnes of cargo sprang leak near the Trincomalee […]
Summit debacle sets back Asian fight against global crisis
PATTAYA, April 12, 2009 (AFP) – The dramatic cancellation of an Asian summit after rampaging Thai protesters stormed the venue has set back a regional effort to tackle the global economic crisis, analysts said.The Association of Southeast Asian Nations (ASEAN) was to have hosted two days of talks with the leaders of China, Japan, South […]
‘s Tigers kill five civilians: military
April 12, 2009 (AFP) – Tamil Tiger rebels killed five farmers in southern Sri Lanka on Sunday in an apparent revenge attack for military operations against them elsewhere, the army said. Liberation Tigers of Tamil Eelam (LTTE) fighters killed the farmers in the Buttala area in the far south, more than 300 kilometers (187 miles) […]
Sri Lanka declares 48-hour ceasefire in civil war
April 12, 2009 (AFP) – Sri Lanka’s president on Sunday ordered government troops to halt their offensive against cornered Tamil rebels over the two-day Sinhala and Tamil New Year that starts on Monday. The brief ceasefire is also aimed at allowing more civilians to escape from the remaining rebel-held territory and seek shelter in a […]
Tamil protestors storm Sri Lankan embassy in Norway
OSLO, April 12, 2009 (AFP) – A group of Tamil protesters stormed the Sri Lankan embassy in Oslo Sunday, police said, on the fifth day of demonstrations in the Norwegian capital calling for the end of fighting in Sri Lanka.Even Joerstad, an Oslo police superintendent, told AFP that around 100 Tamil demonstrators tried to storm […]
Sri Lanka central bank urges lending rate cut
Apr 12, 2009 (LBO) – Sri Lanka’s central bank is urging commercial banks to cut lending rates to stimulate growth while heavy government borrowing continues to crowd out the productive sectors. On April 08, Sri Lanka’s average commercial bank prime lending rate was 19.34 percent. Banks are taxed to the hilt, and have to cope […]
Sri Lankan inflation will hit zero: central banker
Apr 11, 2009 (LBO) – Sri Lanka’s inflation will hit zero by the middle of the year, a senior central banker said, with 12-month price inflation in the capital Colombo already down to 5.3 percent in March 2009. However, analysts expect the rupee to weaken from May onwards adjusting to previous loose monetary policy under […]
Sri Lankan displaced children malnourished: govt
April 11, 2009 (AFP) – At least one in four children displaced by Sri Lanka’s ongoing fighting between troops and Tamil Tigers was malnourished, the health ministry said Saturday.Supplies to the area have been few and far between because of the intensity of fighting while the authorities have also severely restricted access for humanitarian agencies […]
Sri Lanka eyes diaspora funds to revive war zone
April 10, 2009 (LBO) – Sri Lanka has said it plans to entice the Tamil diaspora to invest in reviving the war-ravaged north and has set up a separate division to oversee all rehabilitation activities. “The institutional impediments to commencing productive activities in all sectors of the province will also be addressed gradually.” The government […]
Sea Crew
April 10, 2009 (LBO) – Belgium will recognize seafarer certificates issued by Sri Lanka allowing seamen from the island to serve aboard Belgian flagged vessels under a deal between the two countries, a government minister said.The merchant shipping division of Sri Lanka’s ministry of ports and aviation had signed a memorandum of understanding with the […]
Sri Lanka hikes tax on edible oil imports
April 10, 2009 (LBO) – The Sri Lankan government has raised the import cess on palm oil to 60 rupees per kilo from 40 rupees, Coconut Cultivation Board officials said. The move is aimed at ensuring a better price for coconut growers, mostly small farmers, and to reduce imports of edible oils, mainly palm oil, […]