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Sri Lankan troops enter Tiger political HQ: official
January 2, 2009 (AFP) – Sri Lankan troops fought their way into the centre of the Tamil Tiger political capital of Kilinochchi on Friday, an official at the president’s office said.There were no immediate details of casualties from Friday’s fighting. There was also no immediate comment from the Tigers who used Kilinochchi as the capital […]
Sri Lanka troops take perimeter of Tiger political HQ: military
January 2, 2009 (AFP) – Sri Lankan security forces have fought their way to the perimeter of the Tamil Tiger political capital of Kilinochchi in the island’s north, the defence ministry said Friday.Three columns of troops were moving on Kilinochchi, the headquarters of the Liberation Tigers of Tamil Eelam (LTTE), the ministry said in a […]
Sri Lanka president takes over media portfolio
January 1, 2009 (AFP) – Sri Lanka President Mahinda Rajapakse on Thursday took the country’s influential media ministry under his wing ahead of a key mid-term election for his administration, officials said.The Ministry of Mass Media and Information was taken away from Anura Priyadharshana Yapa, who was instead given the Ministry of Investment Promotion post, […]
Sri Lanka inflation seen falling to 8-9% by mid-2009: central bank
Jan 02, 2009 (LBO) – Sri Lanka’s inflation rate expected to fall to 8.0 – 9.0 percent by mid-2009, central bank governor Nivard Cabraal said.Cabraal said inflation has been coming down since July 2008 and that inflationary expectations also show signs of moderating. “Also, interest rates are expected to follow the decline in inflation,” Cabraal […]
Sri Lanka Shell unit says new tax prevents further price cut
Jan 01, 2009 (LBO) – Shell Gas Lanka, the Sri Lankan unit of the Shell multinational, said a new government tax and its inability to buy locally made liquid petroleum gas is preventing it from further reducing prices. It said in a statement that the government has imposed a special tax of eight rupees per […]
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Jan 01, 2008 (LBO) – Sri Lanka is hoping to hike import taxes as international prices fall to cover part of the cost of a 16 billion rupee ‘stimulus’ announced by the government to boost economic growth in 2009, a top official said. The government announced a series of measures this week, including cheaper diesel […]
Sri Lankan rupee flat
Jan 01, 2009 (LBO) – The Sri Lankan rupee closed the first trading day of the new year at 113.10/20 to the dollar in an inactive market, brokers said Thursday. The rupee opened the day at 112.90 to the dollar. The rupee fell dipped towards 113.80 levels earlier in the week but gained after the […]
Strategic String
Jan 01, 2009 (LBO) – A port being built in southern Sri Lanka near the main shipping route across the Indian Ocean is part of a Chinese effort to project influence and protect vital trade lanes, a US military study said.But the Washington Times also quoted a US Chinese Embassy spokesman Wang Baodong as calling […]
Sri Lanka troops take key Tiger town: military
January 1, 2009 (AFP) – Sri Lankan troops Thursday captured a key town held by Tamil Tiger rebels in the island’s north after intense fighting that left at least 50 guerrillas dead, the defence ministry said.The ban would be largely symbolic given the scale of the current military offensive against the LTTE. An original ban […]
Volatile Pricing
Jan 01, 2009 (LBO) – Shell Gas Lanka, the Sri Lankan unit of the Shell multinational, said a new government tax and its inability to buy locally made liquid petroleum gas is preventing it from further reducing prices.It said in a statement that the government has imposed a special tax of eight rupees per kilogramme […]
Sri Lanka repays Citibank, ICICI Bank loans
Dec 31, 2008 (LBO) – Sri Lanka has repaid 175 million US dollars in commercial loans, involving Citibank and India’s ICICI Bank, and raised only 150 million dollars in new loans, in 2008, the government’s debt office said. A 100 million US dollar syndicated loan arranged by Citibank in 2005, a balance 25 million US […]
Sri Lanka repays Citibank, ICIC loans
Dec 31, 2008 (LBO) – Sri Lanka has repaid 175 million US dollars in commercial loans, involving Citibank and India’s ICICI Bank, and raised only 150 million dollars in new loans, in 2008, the government’s debt office said.A 100 million US dollar syndicated loan arranged by Citibank in 2005, a balance 25 million US dollar […]