Category:
‘s rupee a victim of global turmoil
NEW DELHI, October 2, 2011 (AFP) – India’s rupee has slid nearly 10 percent in three months against the dollar, a consequence of global economic uncertainty that will stoke already high inflation in Asia’s third-biggest economy. The rupee’s tumble makes import prices of everything from oil, fertilizers to food staples such as pulses, fuelling near-double-digit […]
Japan urges Sri Lanka post-war reconciliation, reconstruction
Oct 03, 2011 (LBO) – Sri Lanka should continue reconciliation and reconstruction efforts in the former war-torn regions, Japan’s envoy to Colombo said after giving more funds for de-mining. Japan’s envoy to Colombo Kunio Takahashi gave a grant of 780,000 US dollars (85 million rupees) for demining in the Sri Lanka’s north. Ambassador Kunio said […]
‘s Spence wins prize at World Travel Awards
Oct 02, 2011 (LBO) – Maldives’ Adaaran Prestige Resorts run by Sri Lanka’s Aitken Spence group was voted the India Ocean’s best water villa at World Travel Awards 2011, where the top Asian spots were swept by India. India also won Asia’s leading hotel (Trident Gurgaon, India), Asia’s leading luxury hotel (The Oberoi, Gurgaon), Asia’s […]
Lawlessness
Oct 02, 2011 (LBO) – Five police officers have been arrested in Sri Lanka after thousands of angry citizens surrounded a police station seeking justice, where a suspect had died in custody, a media report said. Sri Lanka’s The Sunday Times newspaper said an estimated 3,000 civilians had surrounded a police station in Dompe in […]
Gas Find
Oct 02, 2011 (LBO) – Sri Lankan president Mahinda Rajapaksa has announced that a large natural gas deposit has been found in offshore waters, a presidential spokesman said. The spokesman quoted Rajapaksa as saying the firm had also begun drilling the second test well. The discovery announced Sunday is the first since intermittent exploration for […]
Sri Lanka volunteers combat rabies
Oct 01, 2011 (LBO) – Volunteers in Sri Lanka are teaming up to combat rabies spread with free vaccinations which can save lives and also make a dent in 500 million rupees spent each year to treat dog bite victims. Dozens of volunteers teamed up on a hot Sunday afternoon to offer free rabies vaccination […]
Sri Lanka frees 1,800 ex-Tamil Tigers
September 30, 2011 (AFP) – Sri Lanka wrapped up its two-year rehabilitation of surrendered Tamil Tiger rebels with the re-uniting Friday of 1,800 men and women with their families. President Mahinda Rajapakse addressed the last of the 12,000 former members of the separatist Liberation Tigers of Tamil Eelam (LTTE) to pass through the programme at […]
Sri Lanka military gets two Chinese passenger transports
Oct 01, 2011 (LBO) – Sri Lanka Air Force Friday took delivery of two 56 seat twin engine turboprop aircraft from China which could be used for regional civillian passenger applications, an official said. “We haven’t got that far but we are looking at the possibility,” Air Force spokesman Group Captain Andrew Wijesuriya said. The […]
Sri Lanka business forum to be addressed by Vietnam President
Oct 01, 2011 (LBO) – Visiting Vietnam President Truong Tan Sang will address a business forum in Sri Lanka’s capital Colombo, where a high level delegation of Vietnamese businessmen will also be taking part, the island’s largest trade chamber said. “They are also interested in tourism projects such as eco-tourism, spiritual tourism, inbound and outbound […]
Sri Lanka bonds unmoved by lower inflation
Sept 30, 2011 (LBO) – Sri Lanka’s bond markets closed unchanged despite 12-month inflation falling to 6.4 percent from 7.0 percent a month earlier, as liquidity tightened amid defence of a dollar peg, dealers said. A widely traded bond maturing in 2015 was quoted at 8.69/72 percent Friday and 2016s were quoted at 8.80/84 percent, […]
Maldives and Sri Lanka police bust bank card fraud: report
Sept 30, 2011 (LBO) – Police in Maldives and Sri Lanka have arrested five in an international fraud involving forged cash and credit cards related banks in New Zealand, Canada, Australia, China and France, a media report said. Minivan News, a Maldives based online news service quoting police inspector Mohamed Riyaz said two Maldivian nationals […]
Sri Lanka stocks end up 0.5-pct
Sept 30, 2011 (LBO) – Sri Lankan stocks closed firmer Friday for the second day running in speculative trade and price curbs being imposed on Singer Industries (Ceylon) after it rose sharply, brokers said. There was a sole crossing or off-market private deal of 800,000 shares of Lanka Orix Leasing Company at 99 rupees each. […]