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Sri Lanka tourism gets World Bank support
June 30, 2008 (LBO) – The World Bank has agreed to provide funds to the Sri Lankan government for a tourism initiative among small entrepreneurs and rural communities, the Ministry of Tourism said in a statement. The assurance of support came after talks by Tourism Minister Milinda Moragoda with Wold Bank officials in Washington DC, […]
Sri Lanka Aitken Spence Maldivian water villas named the best
June 30, 2008 (LBO) – Sri Lanka’s Aitken Spence conglomerate has won an award for the best water villas in the Maldivian atolls, the company said. Aitken Spence’s Adaaran ˜Prestige’ Water Villas in the Maldives won the ˜Maldives Leading Water Villas’ award at the World Travel Awards Asia and Indian Ocean Ceremony held in Shanghai. […]
Sri Lanka army chief says needs a year to beat Tigers
June 30, 2008 (AFP) – Sri Lanka’s army chief said Monday his forces have wiped out the conventional military capability of the Tamil Tigers, but that they needed another year to totally defeat the rebels. Lieutenant General Sarath Fonseka said the Liberation Tigers of Tamil Eelam (LTTE) guerrillas were no longer able to resist security […]
Euro jumps against US currency, oil surges past 143 dollars
LONDON, June 30, 2008 (AFP) – The euro rose against the dollar on Monday as oil prices rocketed past 143 dollars per barrel for the first time, while traders awaited this week’s expected rate rise from the European Central Bank. The European single currency rose to 1.5823 dollars in morning London trading from 1.5775 dollars […]
Emerging markets vulnerable to US slowdown – BIS
BASEL, June 30, 2008 (AFP) – Emerging markets, which economists say are able to withstand the current financial crisis, could still be hurt by an economic slowdown in the United States, the world’s top forum of central bankers warned Monday.The Bank for International Settlements said in its annual report that the United States remained a […]
Kenya needs one billion dollars to address food crisis
NAIROBI, June 30, 2008 (AFP) – Kenya needs 72 billion shillings (1.1 billion dollars or 708 million euros) in emergency funding to counter a food crisis that has helped drive inflation to over 30 percent, an official said.“We urgently need the funds in the next three months to address immediate needs and mitigate the current […]
Eurozone interest rates set to rise as inflation erupts: analysts
FRANKFURT, June 29, 2008 (AFP) – Eurozone borrowing costs are set to rise when the European Central Bank convenes Thursday, seeking to tame a fledgling inflation monster before turning its attention to slumping growth. Interest rate cuts “will not be on the agenda until the all-clear is given on the inflation front,” Commerzbank economist Ralph […]
Sri Lanka win against Pakistan
KARACHI, June 29, 2008 (AFP) – Kumar Sangakkara hit a fighting hundred and spinner Ajanta Mendis took four wickets to power Sri Lanka to a 64-run win over Pakistan in their Asia Cup Super League clash here on Sunday.The left-hander scored 112 to lift Sri Lanka to 302-7 after Pakistani paceman Sohail Tanveer notched up […]
British High Commission staffer, journalist attacked in Colombo
June 30, 2008 (AFP) – A senior British High Commission officer was beaten and his car smashed by unidentified attackers who tried to grab a reporter travelling as a passenger in the vehicle here Monday, police said. Political officer Mahendra Ratnaweera was severely injured in the attack while his passenger, freelance journalist Namal Perera, also […]
Sri Lanka mediaman, UK High Commission staffer attacked
June 30, 2008 (LBO) – Unidentified men armed with clubs have attacked freelance journalist Namal Perera and a UK High Commission (embassy) staffer Monday evening in Colombo, colleagues said. Perera and UK High Commission political officer Mahendra Ratnaweera was assaulted in Colombo’s Narahenpita area Monday. They are being treated at a nearby private hospital. Monday’s […]
” scare
June 30, 2008 (LBO) – The United States embassy in the Sri Lankan capital Colombo has re-opened after a suspicious powder was found to be harmless, the embassy said Monday. It said visa and other appointments postponed during the closure are being re-scheduled. The embassy was closed to the public on June 25. An embassy […]
Sri Lanka inflation hits new high of 28.2 percent in June
June 30, 2008 (LBO) – Sri Lanka consumer inflation in the capital Colombo accelerated to a new record of 28.2 percent in June 2008, from 26.2 percent in May, the government’s statistics office said. In the 30 days to June prices rose 3.7 percent in the most widely watched Colombo Consumer Price Index (CCPI). The […]