Category:
Credit Enhancement
July 15, 2007 (LBO) – A US government agency is giving credit guarantees to small Sri Lankan businesses to increase their access to loans from a specialized leasing firm, the US embassy in Colombo said. The guarantee would be given for up to 3 million US dollars (330 million Sri Lanka rupees) of money lent […]
Sri Lanka tourist arrivals plunge 30 percent in June
July 15, 2007 (AFP) – Tourist arrivals to Sri Lanka plunged 30 percent in June compared to a year ago as fighting escalated in the country’s bitter ethnic war, the tourism board said Sunday. The rebels have been fighting for a separate homeland for minority Tamil and the conflict has claimed more than 60,000 lives […]
Bangladesh to donate Buddha hair relic to Sri Lanka
DHAKA, July 15, 2007 (AFP) – The small Buddhist community in Bangladesh plans to donate a few strands of a lock of hair said to have come from the Buddha to Sri Lanka as a goodwill gesture, officials said Sunday. Three cabinet ministers from majority-Buddhist Sri Lanka along with religious leaders are scheduled to arrive […]
‘s 700-wicket Murali aims for 1,000
KANDY, Sri Lanka, July 14, 2007 (AFP) – Prolific Muttiah Muralitharan has set his eyes on taking 1,000 Test wickets after becoming only the second bowler in history to reach the 700-mark on Saturday. The Sri Lankan off-spinner achieved the landmark with the last ball of the third and final Test against Bangladesh here that […]
Four shot dead after heavy Sri Lanka fighting
July 15, 2007 (AFP) – Four civilians were bound and shot dead execution-style in northern Sri Lanka near the scene of heavy battles between troops and Tamil rebels, a police official said Sunday.The bodies of the four were discovered Sunday shot in the head and with their hands tied behind their backs in Vavuniya district, […]
‘s lagging growth blamed on leftists, beggar mentality, big government: poll
July 15, 2007 (LBO) – Thirty years after Sri Lanka started to open its economy, a poll by an influential weekly has shown overwhelming approval for liberalization, with some saying reforms were not deep enough in areas like education. Respondents to the Sunday Times poll said while private sector workers had to work long hours […]
Air Chase
July 14, 2007 (LBO) – SriLankan Engineering, the technical arm of SriLankan Airlines, is actively marketing aircraft maintenance services armed with a new certification from the European Aviation Safety Agency (EASA), the airline said. The EASA 154 certification will “significantly strengthen” its profile among prospective customers who include airlines throughout Asia and Europe, SriLankan said. […]
Zimbabwe arrests business people as money printing drives prices up
HARARE, July 13, 2007 (AFP) – Authorities in Zimbabwe announced the arrest of hundreds more retailers and executives as part of an ongoing price crackdown Friday as it emerged the head of the central bank had warned against the blitz. Mugabe has warned that his government will seize and nationalise companies that refuse to toe […]
Heavy fighting erupts in Sri Lanka
July 14, 2007 (AFP) – Sri Lankan troops used war planes and long-range weapons to attack suspected Tamil Tiger positions as fresh fighting broke out early Saturday, the defence ministry said.Fighter jets pounded suspected Liberation Tigers of Tamil Eelam (LTTE) locations in the north of the island, where heavy artillery duels killed at least one […]
Sri Lanka, ILO to probe use of child labour in agriculture
July 14, 2007 (LBO) – Sri Lanka’s Labour Ministry has sought the help of the International Labour Organization to do a survey to find out if the country’s agriculture sector uses child labour. They are today the most vulnerable of the farming and fishing communities and their rights to a decent and dignified childhood free […]
Sri Lanka to choose lead managers to US$400mn bond by end July
July 13, 2007 (LBO) – Sri Lanka would appoint lead managers to a 400 million dollar sovereign bond issue by the end of this month, the government’s debt office said. International investment banks have been asked to submit proposals by July 16, and the joint lead managers to the issue would be appointed by the […]