Category:
Sri Lanka says military kills three rebels
July 7, 2007 (AFP) – Sri Lankan troops have killed three suspected Tamil Tiger rebels in the island’s embattled north and east, the defence ministry said on Saturday.More than 60,000 people have been killed since the conflict erupted in 1972.Two Tamil Tiger rebels were killed in northern Vavuniya district on Friday during clashes with government […]
Sri Lanka had low inflation only with fiscal discipline: minister
July 07, 2007 (LBO) – The state was not in a position to control prices of imported goods and price levels can only be stabilized by stopping money printing and limiting government expenses, Sri Lanka’s consumer affairs minister said. Consumer affairs minister Bandula Gunewardene said tight monetary policy by the central bank had already brought […]
Smooth Payments
July 06, 2007 (LBO) – South Asian countries need to modernise their payments systems to cope with rapidly increasing cross border trade and investment flows trigged by faster economic growth, a senior central banker said Friday. “Trade and investment flows and demand for financial services will exceed the present levels over the next couple of […]
Hard Drive
July 06, 2007 (LBO) – Sri Lanka Insurance Corporation (SLIC) says is aggressively chasing the motor insurance sector, an official said. SLIC says its overall premium is showing a growth of about 30 percent with the last two quarters as a result of adopting aggressive marketing techniques. “New blood has given life to the products […]
Workers Money
July 06, 2007 (LBO) – The managers of Sri Lanka’s largest private sector retirement fund have responded to criticism that its money is being used to fund government expenses, saying funds are invested under professional advice. “The process engages all the hidden forces of economic law on the side of destruction, and does it in […]
Graft Block
July 6, 2007 (LBO) – Sri Lankan civil society has developed an action plan to counter corruption with help from USAID’s Anti-Corruption Program (ACP), the United States embassy in Colombo said. The embassy says the draft plan identifies priority actions to be taken by various constituencies including government, the private sector, civil society, media, and […]
Tech Tour
July 06, 2007 (LBO) – A delegation from Sri Lanka’s information technology companies will attend the IT and business process outsourcing (BPO) summit in India to gain insights on developing the trade, Sri Lanka’s ICT Agency said. ICTA – a state agency – plans to lead the delegation to the NASSCOM IT-BPO Strategy Summit 2007 […]
‘s money printing rate hits 5.75 percent
LONDON, July 5, 2007 (AFP) – The Bank of England raised its key interest rate by a quarter-point to 5.75 percent on Thursday, the highest level for more than six years, in a bid to dampen British inflation. The BoE’s move to hike the cost of borrowing for the fifth time since August 2006 had […]
Tobacco giant tries research trick in Asia
SEOUL, July 6, 2007 (AFP) – South Korean health campaigners Friday criticised three university hospitals for accepting more than one million dollars from a US tobacco giant for research into smoking. “I don’t think my research will be used by the tobacco company to boost sales. I believe anti-smoking groups are protesting my research because […]
‘t buy cars so fast, pleads Chinese mayor
BEIJING, July 6, 2007 (AFP) – The mayor of one of China’s showpiece economic cities has urged his 11 million residents to stop buying cars in a bid to ease worsening traffic and pollution woes, state media reported Friday. The booming southern city of Shenzhen, just across from the border from Hong Kong, now has […]
Bangladesh go down fighting as Sri Lanka clinch series
July 5, 2007 (AFP) – Sri Lanka saw off a record stand between two young Bangladesh batsmen to win the second cricket Test by an innings and 90 runs with two days to spare on Thursday. Bangladesh, trailing by 389 runs in the first innings, were bowled out for 299 in the final session of […]
‘t Open
July 06, 2007 (LBO) – Opening up Sri Lanka’s electricity sector to foreign competition under international free trade rules that are being negotiated could be dangerous, a senior engineer has warned. Commitments Sri Lanka might make under the General Agreement on Trade in Services (GATS), a multinational agreement covering trade in services, could be irrevocable, […]