Category: Economy and Markets
Sri Lanka’s Central Bank maintained policy rates for the fourth straight month
Apr.12 (LBO) – Sri Lanka’s Central Bank Wednesday maintained policy rates for the fourth straight month as they are comfortable with economic expansion, though private sector credit demand has not shown signs of abating. The repurchase rate, which drains the money from the banking system, stays at 8.75 percent, while the reverse repurchase rate remains […]
Sri Lanka truce monitors to meet LTTE after latest attacks in Trincomalee
Apr.12 (LBO) – Sri Lanka’s ceasefire monitors are due to meet with Tamil Tiger rebels on Thursday after four blasts since Monday have killed 34 people, dimming hopes that the next weeks talks in Geneva may not get off the ground. A bomb fixed to a bicycle exploded in Trincomalee market Wednesday killing 13 people […]
‘s Central Bank maintained policy rates for the fourth straight month
Apr.12 (LBO) – Sri Lanka’s Central Bank Wednesday maintained policy rates for the fourth straight month as they are comfortable with economic expansion, though private sector credit demand has not shown signs of abating. The repurchase rate, which drains the money from the banking system, stays at 8.75 percent, while the reverse repurchase rate remains […]
Britons wounded in Sri Lanka blast
Apr.11 (AFP) – Three Britons were injured in Tuesday’s bomb attack in northeastern Sri Lanka in which 12 sailors were killed, police said. The two women and a man were flown to Colombo for treatment after their van was caught up in a mine attack that was intended for a navy bus, a police official […]
Bus blast kills 12 Sri Lankan sailors and dims peace hopes
Apr.11 (AFP) – Suspected Tamil rebels blew up a bus full of sailors in northeastern Sri Lanka on Tuesday killing 12 and further dimming hopes for a new round of peace talks next week, officials said. The attack was seen by officials involved in the Norwegian-backed peace bid as a blow to diplomatic efforts to […]
Bond traders divided over a change in Sri Lankan interest rates
Apr.11 (LBO) – Sri Lanka’s Central Bank is unlikely to cut interest rates this month, though some traders are expecting a 25 basis point cut. -Mel Gunasekera: mel@ The repurchase rate currently stands at 8.75 percent and the reverse repurchase rate is at 10.25 percent. The repurchase rate is the return on cash deposited by […]
Sri Lanka donors meet Tamil Tigers to save peace talks
Apr.10 (AFP) – Envoys from Sri Lanka’s international donors went Monday to meet Tamil Tiger rebels in a bid to keep peace talks due to be held in Switzerland from April 19 on track, officials said.The ambassadors of Norway, Japan and the European Union (EU) flew north to rebel political headquarters at Kilinochchi to see […]
Canada labels Tamil Tigers terror group
OTTAWA, Apr. 10 (AFP) – Canada has added the Sri Lankan separatist Tamil Tigers to its list of terrorist organizations, Minister of Public Safety Stockwell Day announced Monday.The declaration made it possible for Ottawa to block fundraising in Canada for the Liberation Tigers of Tamil Eelam (LTTE), or Tamil Tigers, a group fighting for the […]
Sri Lanka condemns death of five soldiers as international donors meet LTTE
Apr.10 (LBO) – Sri Lanka Monday condemned the killing of five soldiers in Jaffna today while island’s key international lenders met Tamil Tiger rebels. Five army personnel and three others, including two aid workers, died in a claymore mine blast by suspected Tamil Tiger rebels in northern Jaffna on the A-9 highway between Kodikaamam and […]
Four soldiers, two aid workers killed in Sri Lanka blast
Apr.10, 2006 (AFP) – At least four Sri Lankan soldiers and two civilians were killed in a landmine blast blamed on the Tamil Tigers in the northern Jaffna province Monday, defence officials said.Brigadier Prasad Samarasinghe, Sri Lanka’s military spokesman, said an army truck was caught in the “mine explosion killing four and seriously injuring two […]
Canada to classify Tamil Tigers as terror group: report
MONTREAL, April 06(AFP) – Canada has added to its list of terrorist organizations the Tamil Tigers, a group fighting for the autonomy of northeastern Sri Lanka, the National Post reported Saturday, saying an official government announcement was expected Monday.The Liberation Tigers of Tamil Eelam (LTTE), or Tamil Tigers, would be the 39th organization deemed a […]
Three shot dead in Sri Lanka’s east
Apr.07 (AFP) – A Tamil nationalist activist and two Muslim police guards were shot dead in Sri Lanka’s volatile eastern province on Friday, police said.Vanniasingham Vigneswaran, who spearheaded the Tamil Resurgence Movement in Trincomalee, was gunned down near the port town’s main bank in the morning. His movement had often clashed with the Sinhalese majority […]