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Sri Lanka news website offices torched
January 31, 2011 (AFP) – Unidentified attackers in the Sri Lankan capital Colombo set ablaze the offices of an anti-establishment news website on Monday. The lankaenews.com premises were torched in a pre-dawn attack but there were no reports of casualties, a police officer at the scene told AFP. Monday’s attack appeared similar to the July […]
Sri Lanka inflation 6.8-pct in January
Jan 31, 2011 (LBO) – Sri Lanka’s inflation in January 2011 rose 6. 8 percent from a year ago after rising 6.9 percent in December 2010, the central bank said. Prices rose 1.3 percent during January 2011 with the index rising 231. 2 in the month, it said in a statement. The seasonally adjusted, moving […]
Sri Lanka spends Rs11bn to sterilize liquidity
Jan 31, 2010 (LBO) – Sri Lanka’s central bank has spent about 11 billion rupees last year to sterilize excess liquidity generated mainly from external sources, and existing excess liquidity is not a threat at the moment, officials said. A large stock of foreign reserves, significantly higher than the local monetary base, can make seigniorage […]
” during World Cup
DHAKA, January 30, 2011 (AFP) – The mayor of Chittagong city in southern Bangladesh said Sunday that he would pay hundreds of beggars a daily wage to keep them off the streets during the cricket World Cup. Manzur Alam said that about 300 disabled beggars would be given 150 taka (two dollars) a day after […]
Sri Lanka rural power gets ADB financing
Jan 29, 2011 (LBO) – Sri Lanka’s power utility will get a 120 million US dollars loan from the Asian Development Bank to expand its distribution network to rural areas which are not served by the grid, the lender has said. The government will put in 42 million US dollars for the project which will […]
ICC rejects Eden Gardens World Cup plea
NEW DELHI, January 29, 2011 (AFP) – The International Cricket Council on Saturday rejected a request to keep Eden Gardens in Kolkata as the venue for next month’s World Cup clash between India and England. The ICC sparked a logistical nightmare for organisers on Thursday by asking for an alternative stadium for the February 27 […]
‘s second Shangri-La project in Hambantota
Jan 29, 2010 – (LBO) – Sri Lanka’s second hotel project by Hong Kong based Shangri-La group will be built in Hambantota in the south of the island, an official of the island’s investment promotion agency said. Board of Investment (BOI) director Duminda Ariyasinghe said the hotel will be built on private land which the […]
Court Action
WASHINGTON, January 29, 2011 (AFP) – Members of Sri Lanka’s Tamil minority on Friday filed a lawsuit in the United States against the island’s president, seeking million in damages over alleged extrajudicial killings. Activists from the Tamil diaspora spearheaded legal action after President Mahinda Rajapakse quietly traveled to the United States, in a test of […]
Sri Lanka lose $125,000 on Windies series
January 29, 2011 (AFP) – Sri Lanka Cricket on Saturday said it had lost $125,000 after bad weather forced a one-day series against the visiting West Indies to be rescheduled. The series was due to be played in December but has been postponed to this month and early February, and reduced from five matches to […]
Sri Lanka stocks close 0.2-pct lower
Jan 28, 2011(LBO) – Sri Lankan stocks closed down 0l2 percent Friday with index heavy stocks and the banks losing ground, brokers said. Hatton National Bank closed at 392.10, down 0.90 cents. Poultry stocks recovered some losses. Bairaha Farms closed 481.20, up 3.30 rupees while Grain Elevators closed 197.00, up14.60 rupees with over a million […]
New Cranes
Jan 28, 2011 (LBO) – Sri Lanka’s state run container terminal in Colombo port will get three gantry cranes and six transfer cranes from China in February which will be up and running by March, an official said. Sri Lanka Ports Authority chairman Priyath Bandu Wickrema said a team from the port is now in […]
Stock Carrots
Jan 28, 2011 (LBO) – Sri Lanka’s Sampath Bank said it intended to give stock options of up to three million shares to employees as a performance incentive if the bank reaches as yet undisclosed performance for 2011. The shares issued under the option plan would be 2.0 percent of the existing shares and will […]