Tag: lbo
Sri Lanka to publish accurate private savings number
Apr 10, 2013 (LBO) – Sri Lanka will consider publishing an accurate number for private savings from next year, separating out state enterprises which are lumped together as ‘private’ firms at the moment, officials said.Domestic savings are made up from central government savings, state enterprise and private entities. A deficit in the current account of […]
Sri Lanka nationalists attack Muslim-owned store
Mar 29, 2013 (LBO) – A Muslim owned shop in a suburb of Sri Lanka’s capital was torched amid growing Buddhist nationalist attacks against minorities, while police said security has been tightened and they were searching for the perpetrators. “A special police team in investigating the incident,” police spokesman Buddhika Siriwardena said. “We will bring […]
UN resolution on Sri Lanka adopted after vote
Mar 22, 2013 (LBO) – A UN resolution on Sri Lanka brought by the US passed with 25 votes for 13 against and 8 abstentions with India also voting for after failing to move last minute changes, reports said. Argentina, Austria, Benin, Brazil, Chile, Costa Rica, Côte d’Ivoire, Czech Republic, Estonia, Germany, Guatemala, India, Ireland, […]
Tank Tug
May 21, 2013 (LBO) – Sri Lanka will negotiate with Lanka IOC, a unit of Indian Oil Corporation. to take back unused oil tanks it had been given in the Eastern port of Trincomalee, Minister Keheliya Rambukwelle said. Sri Lanka recently expropriated several privatized businesses through controversial legislation. Update II “If they are not using, […]
India calls off defence talks with Sri Lanka: report
Mar 18, 2013 (LBO) – India has called off annual defence talks with Sri Lanka scheduled to have been held on March 25 amid protests from Tamil parties, a media report said.The Press Trust of India, a news agency, said no reason was given for cancelling the Secretary-level talks and no new dates have been […]
Halal food label withdrawn in Sri Lanka after protests
March 11, 2013 (AFP) – Islamic clerics announced the withdrawal of a halal labelling system for food in Sri Lanka on Monday “in the interests of peace” after protests from Buddhist hardliners on the Indian Ocean island.The All Ceylon Jamiyyathul Ulama (ACJU), Sri Lanka’s main body of Islamic clergy, said the halal certificate issued by […]
Credit Limits
Mar 10, 2013 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation, to which state-run airlines owe 30.9 billion rupees and a petroleum utility 28.3 billion rupees will limit credit to state agencies this year, a media report said.Minister Yapa said the CPC was paying interest to state banks on loans taken to cover unpaid dues […]
Queen urged to boycott Sri Lanka summit over killing
COLOMBO, March 8, 2013 (AFP) – An English politician Friday urged the Queen to boycott the Commonwealth summit in Colombo later this year to protest against Sri Lanka’s failure to prosecute the killers of a British tourist in 2011.International rights groups have said up to 40,000 civilians may have been killed in the final offensive […]
Sri Lanka citizen group calls for halt to anti-Muslim nationalism
Mar 08, 2013 (LBO) – Friday Forum, a Sri Lankan citizen’s group has asked the administration to take steps to stop rising fascist-nationalist actions directed at the island’s Muslim community.“The Friday Forum urges you to act immediately and decisively to counter the increasingly venomous and strident anti-Muslim hate campaign launched by a few extremist groups […]
Nothing There
Mar 01, 2013 (LBO) – Cairn Lanka (Pvt) Ltd has not found any oil in its fourth exploration well, its parent company said in a stock exchange filing.Cairn India said the well found “thick high quality re servoir sands, which were not hydrocarbon bearing,” and it was plugged and abandoned. The data from the well […]
Capital Costs
Feb 24, 2013 (LBO) – An upgrade to Sri Lanka’s 50,000 barrels refinery a day involving doubling of is capacity and boosting light distillate yields could cost up to 1.5 billion US dollars, officials said. Petroleum minister Anura Yapa told reporters Saturday that feasibility and front-end-engineering-design (FEED) has already been completed for the project. Sri […]
Fuel Hike
Feb 23, 2012 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation has raised petrol by 3.0 rupees to 162 rupees a liter and auto diesel by 6.0 rupees 121.0 a litre, with super diesel being raised by 3.0 rupees to 145.0 reports said. Sri Lanka’s power regulator, the Public Utilities Commission of Sri Lanka has […]