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Navy bus attacked with landmine in Sri Lanka
Suspected Tamil Tiger rebels exploded a powerful landmine in north-western Sri Lanka, killing or injuring about 30 sailors travelling in a bus, a defence ministry official said. Suspected Tamil Tiger rebels exploded a powerful landmine in north-western Sri Lanka, killing or injuring about 30 sailors travelling in a bus, a defence ministry official said. “There […]
At least 12 military personnel killed in Mannar
Big hit At least 12 military personnel were killed when a bus full of soldiers was hit in a landmine explosion in Mannar. Big hit At least 12 military personnel were killed when a bus full of soldiers was hit in a landmine explosion in Mannar. Four persons have been taken to hospital. -LBO Newsdesk: […]
Sri Lanka’s Central Bank hikes interest rates
Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion.Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion. The repurchase […]
‘s Central Bank hikes interest rates
Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion.Sri Lanka’s Central Bank raised its key interest rates by quarter basis points for the fourth time on Thursday to reign in inflation and curb monetary expansion. The repurchase […]
Primary dealers climb on board the specialised debt exchange
Ending years of haggling, Sri Lanka’s Central Bank has given its blessings to allow secondary market trading of government securities on the specialised debt exchange system, DEX.Ending years of haggling, Sri Lanka’s Central Bank has given its blessings to allow secondary market trading of government securities on the specialised debt exchange system, DEX. Owned by […]
Wake Up Call
Sri Lanka’s central bank unexpectedly raised key short-term interest rates Thursday in a bid to rein in a possible surge in inflation from new government spending next year. Sri Lanka’s central bank unexpectedly raised key short-term interest rates Thursday in a bid to rein in a possible surge in inflation from new government spending next […]
Scouts Honour
Sri Lanka’s President Mahinda Rajapakse Wednesday promised to honour US$ 71 million due to Indian Oil Corp., after its local unit lamented that unpaid bills will drive it to technical insolvency. Sri Lanka’s President Mahinda Rajapakse Wednesday promised to honour US$ 71 million due to Indian Oil Corp., after its local unit lamented that unpaid […]
Sri Lanka raise diplomatic offensive after sea battle
Sri Lanka’s navy and Tamil Tigers fought a sea battle off the island’s northwest coast Thursday with three sailors feared killed and seven rebels captured, the navy said.Sri Lanka’s navy and Tamil Tigers fought a sea battle off the island’s northwest coast Thursday with three sailors feared killed and seven rebels captured, the navy said. […]
Sri Lanka sea battle ends with rebels, sailors captured
Sri Lanka’s navy and Tamil Tigers fought a sea battle off the island’s northwestern coast Thursday with three sailors suspected killed and seven rebels captured, the navy said.Sri Lanka’s navy and Tamil Tigers fought a sea battle off the island’s northwestern coast Thursday with three sailors suspected killed and seven rebels captured, the navy said. […]
Gobble Gobble
National Development Bank (NDB) on Tuesday said it was seeking Central Bank approval to merge with its housing loan financing unit.National Development Bank (NDB) on Tuesday said it was seeking Central Bank approval to merge with its housing loan financing unit. If approved, the merger will give NDB housing access to cheap financing for its […]
Records despite rain ruined production
Despite lower productions since October, the island’s annual tea production could still beat the 2002 record of 310 million kilos.Asia Siyaka Commodity Brokers said “Even though the heavy rains in October and November caused a production short fall against 2004, Sri Lanka is still on its way to achieving a record an annual figure in […]
Open Gate
BRUSSELS, Dec 21 (AFP) – The European Commission said Wednesday that it had granted duty and quota-free access to 7,200 imports from 15 developing countries.BRUSSELS, Dec 21 (AFP) – The European Commission said Wednesday that it had granted duty and quota-free access to 7,200 imports from 15 developing countries. The countries to benefit from the […]