Category:
Silver Status
Sep 02, 2013 (LBO) – MillenniumIT, a unit of London Stock Exchange group based in Sri Lanka said it had become the first firm to be a ‘Silver Certified Partner’ of Cisco System, a network equipment maker. Gladwyn Georgez, head of networking business at MillenniumIT said the award of the Silver status is recognition of […]
India may shut petrol pumps at night to save rupee
NEW DELHI, September 2, 2013 (AFP) – India is considering closing fuel pumps at night as one of a number of “austerity measures” aimed at cutting its ballooning oil import bills, the oil minister said.The government has partially deregulated petrol and hiked diesel prices in an effort to contain the ballooning debt caused in part […]
Sri Lanka rights group says it was harassed after UN meeting
COLOMBO, September 2, 2013 (AFP) – A Catholic-run human rights group working in northeastern Sri Lanka said Monday it had been harassed by security personnel after meeting UN rights chief Navi Pillay last week.Pillay ended her first trip to the formerly war-ravaged country at the weekend with a stinging press conference in which she accused […]
Indian Oil Corp. raises petrol, diesel prices
NEW DELHI, September 1, 2013 (AFP) – India’s biggest refiner, Indian Oil Corporation, increased petrol prices by more than 3.5 percent from Sunday, blaming the falling rupee for the hike. The company also raised diesel prices by just over one percent, it said in a statement issued late on Saturday, after a week which saw […]
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COLOMBO, September 1, 2013 (AFP) – Sri Lanka’s state-run media Sunday accused UN human rights chief Navi Pillay of being “prejudiced”, a day after she warned that the island was becoming “increasingly authoritarian”.Pillay ended a fact-finding mission to the country to probe allegations of war crimes Saturday by saying Sri Lanka was a place where […]
Sri Lanka relieves officers over killing of villagers
August 30, 2013 (AFP) – Sri Lanka’s army on Friday reprimanded senior officers accused of leading a deadly crackdown earlier this month on villagers who were demonstrating against contaminated water, the military said.She is visiting Sri Lanka in connection with allegations that troops killed up to 40,000 civilians in the final stages of the war […]
Sri Lanka becoming more authoritarian: UN rights chief
COLOMBO, August 31, 2013 (AFP) – UN human rights chief Navi Pillay on Saturday accused Sri Lanka of becoming “increasingly authoritarian”, with activists facing growing military harassment four years after the end of a civil war.Rajapakse’s government has since been dogged by claims of indiscriminate killing of ethnic minority Tamils. Pillay charged that military officials […]
UN rights chief pre-judging Sri Lanka
August 30, 2013 (AFP) – Sri Lanka’s President Friday suggested UN human rights chief Navi Pillay had pre-judged his Indian Ocean island, according to a statement from his office, as the nation faces allegations of war crimes.President Mahinda Rajapakse, in face-to-face talks with Pillay, told her that Sri Lankans believe that the UN is biased, […]
Sri Lanka not too worried over currency troubles: Treasury secretary
Aug 31, 2013 (LBO) – Sri Lanka was not much worried over currency troubles sweeping South Asia, Treasury Secretary P B Jayasundera said as the Indian Ocean Island followed India into import tightening.In 1991 the Reserve Bank of India completely ran out of foreign reserves and even shipped its gold reserves abroad before halting sterilized […]
Sri Lanka inflation up 6.3-pct in August
Aug 30, 2013 (LBO) – Sri Lanka’s inflation measured in the capital Colombo rose 6.3 percent in the 12-months to August up from 6.1 percent in July, though prices fell during the month, the state statistics office said.The Colombo Consumer Price Index fell 0.6 points during August to 176.2 points. ¬¬The food and non-alcoholic beverages […]
Sri Lanka rupee under moral suasion, bonds ease
Aug 30, 2013 (LBO) – Sri Lanka’s rupee was quoted at 132.95/133.10 to the US dollar in the spot next market amid moral suasion dealers said while bond yields eased slightly. Sri Lanka today imposed a 100 percent margin on letters of credit for car imports. Update II Interbank liquidity climbed to 5.1 billion rupees […]
Sri Lanka tightens rules on car imports amid currency pressure
Aug 30, 2013 (LBO) – Sri Lanka has imposed a 100 percent cash margin on letters of credit to import cars to slow the imports of cars, the Central Bank said as the rupee came under pressure in forex markets. The central bank said currencies of several trading partners have weakened against the Sri Lanka […]