Category: Economy and Markets
Sri Lanka Tamil legislator shot dead at Christmas mass
Unidentified gunmen shot dead Tamil legislator Joseph Pararajasingham during a Catholic Christmas mass in Sri Lanka’s embattled eastern province, police said.Unidentified gunmen shot dead Tamil legislator Joseph Pararajasingham during a Catholic Christmas mass in Sri Lanka’s embattled eastern province, police said. The 71-year-old rebel-allied MP was shot from behind at close range at St.Michael’s church […]
Sri Lanka issues its first Rs. 2000 note
Sri Lanka has doubled the face value of its highest denomination currency note in a bid to meet the expanding needs of the economy, the Central Bank said Friday. Sri Lanka has doubled the face value of its highest denomination currency note in a bid to meet the expanding needs of the economy, the Central […]
Tamil Tiger blast kills 15 Sri Lankan sailors, more violence feared
Suspected Tamil rebels blew up a navy road convoy in Sri Lanka on Friday killing at least 15 sailors and wounding 15 more, a defence ministry official said as the guerrillas warned of more strikes.Suspected Tamil rebels blew up a navy road convoy in Sri Lanka on Friday killing at least 15 sailors and wounding […]
Buffer zone rebuilding gets Red Cross Crescent money
A year after the December 26 tragedy, donors continue bring more assistance, with the most recent coming from the Red Cross in the form of an additional US$ 25 million.A year after the December 26 tragedy, donors continue bring more assistance, with the most recent coming from the Red Cross in the form of an […]
At least 12 military personnel killed in Mannar
Big hit At least 12 military personnel were killed when a bus full of soldiers was hit in a landmine explosion in Mannar. Big hit At least 12 military personnel were killed when a bus full of soldiers was hit in a landmine explosion in Mannar. Four persons have been taken to hospital. -LBO Newsdesk: […]
Navy bus attacked with landmine in Sri Lanka
Suspected Tamil Tiger rebels exploded a powerful landmine in north-western Sri Lanka, killing or injuring about 30 sailors travelling in a bus, a defence ministry official said. Suspected Tamil Tiger rebels exploded a powerful landmine in north-western Sri Lanka, killing or injuring about 30 sailors travelling in a bus, a defence ministry official said. “There […]
Tigers deny killing Sri Lanka sailors, accuse navy of attack
Sri Lanka’s Tamil Tiger rebels denied abducting and killing three sailors the previous day and accused the navy of launching an attack on their flotilla and sparking a fierce sea battle.Sri Lanka’s Tamil Tiger rebels denied abducting and killing three sailors the previous day and accused the navy of launching an attack on their flotilla […]
Tamil Tiger blast kills 15 Sri Lankan sailors
Suspected Tamil rebels blew up a navy road convoy in Sri Lanka on Friday killing at least 15 sailors and wounding 15 more, a defence ministry official said as the guerrillas warned of more strikes.Suspected Tamil rebels blew up a navy road convoy in Sri Lanka on Friday killing at least 15 sailors and wounding […]
Sri Lanka’s Central Bank hikes interest rates
Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion.Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion. The repurchase […]
Sri Lanka sea battle ends with rebels, sailors captured
Sri Lanka’s navy and Tamil Tigers fought a sea battle off the island’s northwestern coast Thursday with three sailors suspected killed and seven rebels captured, the navy said.Sri Lanka’s navy and Tamil Tigers fought a sea battle off the island’s northwestern coast Thursday with three sailors suspected killed and seven rebels captured, the navy said. […]
Sri Lanka raise diplomatic offensive after sea battle
Sri Lanka’s navy and Tamil Tigers fought a sea battle off the island’s northwest coast Thursday with three sailors feared killed and seven rebels captured, the navy said.Sri Lanka’s navy and Tamil Tigers fought a sea battle off the island’s northwest coast Thursday with three sailors feared killed and seven rebels captured, the navy said. […]
Primary dealers climb on board the specialised debt exchange
Ending years of haggling, Sri Lanka’s Central Bank has given its blessings to allow secondary market trading of government securities on the specialised debt exchange system, DEX.Ending years of haggling, Sri Lanka’s Central Bank has given its blessings to allow secondary market trading of government securities on the specialised debt exchange system, DEX. Owned by […]