Category:
State Conduit
Dec 19, 2008 (LBO) – The multi-billion rupee advertising business of the Sri Lanka government and semi-government institutions would channeled through a singe state-run entity in the future, a senior minister said. At present the government intuitions deal with various private agencies who buy time and space in electronic and print media. Information minister Anura […]
Migrant Risks
Dec 19, 2008 (LBO) – Sri Lanka’s foreign ministry has warned housemaids seeking employment in Singapore to be wary of abuse and to use official channels when securing employment.It said in a statement its mission in Singapore has got several complaints from Sri Lankan housemaids employed in Singapore relating mainly to the payment of wages […]
Sri Lanka steps up air attacks against Tigers
December 19, 2008 (AFP) – Sri Lanka’s air force Friday stepped up strikes on Tamil Tiger positions in the island’s north as ground battles subsided due to heavy rains, military officials said.Aircraft carried out half a dozen raids around Kilinochchi, the political capital of the Liberation Tigers of Tamil Eelam (LTTE), an air force official […]
Sri Lanka to tour Pakistan after India pulls out
KARACHI, December 19, 2008 (AFP) – Sri Lanka have confirmed they will tour Pakistan next month in place of India, who cancelled their five-week series over the Mumbai attacks, a Pakistani cricket official said Friday.“We are thankful to Sri Lankan Cricket for confirming a tour in place of India,” Pakistan Cricket Board (PCB) chief operating […]
Sri Lanka govt says enough fuel stocks available
Dec 19, 2008 (LBO) – Sri Lanka’s state-owned Ceylon Petroleum Corporation has enough stocks and it is continuing to supply fuel stations, a minister said, while a court directive to cut prices remains to be implemented. Information minister Anura Yapa said the CPC is sending 160 fuel bowsers to fuel stations island-wide. This should help […]
Price Cut
Dec 19, 2008 (LBO) – Lanka IOC, a unit of Indian Oil Corporation, is cutting the retail price of petrol to 100 rupees a litre on an order by Sri Lanka’s Supreme Court, an official said Friday. The court order came following a public interest petition which said the government was charging 72 rupees of […]
Sri Lanka inflation falling faster than expected: Central Bank
Dec 19, 2008 (LBO) – Sri Lanka’s inflation is falling faster than expected, the Central Bank said, as a global collapse in commodities washed into the country and the country’s money growth was also kept in check. Sri Lanka’s central bank targets the monetary base, which is expected to influence growth in other monetary aggregates, […]
Sri Lanka looking for alternative foreign financing: Central Bank
De 19, 2008 (LBO) – Sri Lanka is looking for alternative sources of foreign funding, the central bank said, as global financial markets remained in turmoil and risk premiums high despite unprecedented rate cuts by reserve currency central banks.The Central Bank says a major part of speculative capital that came into the government securities market […]
Sri Lanka shares becalmed, JKH weakens
Dec 18, 2008 (LBO) – Sri Lankan shares barely moved Thursday, with John Keells Holdings falling 3.51 percent and transactions in Commercial Bank and Kelani Tyres accounting for the bulk of the day’s trading volumes, brokers said To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All […]
Bangla Buy
Dec 18, 2008 (LBO) – Sri Lanka’s listed NDB Bank is taking control of Capital Markets Services Ltd, a licensed merchant bank in Bangladesh, the bank said. The investment was subject to unspecified conditions, NDB said. The bank had received approval from Sri Lanka’s central bank and finance ministry. NDB said in a stock exchange […]
Sri Lanka to import rice despite bumper harvest
Dec 18, 2008 (LBO) – The Sri Lankan government says it wants a large stock of imported rice to boost stocks, days after the country’s statistics office announced a bumper harvest for the most recent growing season. At that time the ministry of consumer affairs allowed the import of 8,000 tons of rice from Burma […]
Sri Lanka desiccated coconut exporters say facing closure with duty hike
Dec 18, 2008 (LBO) – Sri Lankan exporters of desiccated coconut said a recent government hike in edible oil import duty could put them out of business as prices of raw nuts will remain high, making their exports uncompetitive. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 […]