Tag: news
Sri Lanka in constant battle to keep up coin supply
Feb 20, 2014 (LBO) – Sri Lanka’s central bank is battling to keep the country supplied with coins as metal prices go up and coins disappear from circulation into piggy banks and places of worship.The Central Bank estimates that 20 to 30 tonnes of Sri Lankan coins are accumulated at Temples and Churches in India […]
Sri Lanka policy rates unchanged; credit picking up: Central Bank
Feb 17, 2014 (LBO) – Sri Lanka’s central bank kept policy rates steady in February signaling that gilt rates are bottoming out but said longer term lending rates have more room to fall. The central bank said it was keeping the rate at which excess money is drained from the banking system at 6.50 percent […]
Sri Lanka banks should lend more to utilize new economic capacity: CB Governor
Feb 17, 2013 (LBO) – Sri Lanka’s bank should lend more to businesses associated with ports, airports, health and information technology to make use of expanded capacity in the economy, Central Bank Governor Nivard Cabraal said. Sri Lanka’s government has developed infrastructure in recent year with ports, airports and roads generating extra capacity and opportunities […]
” translation slur on public signs
COLOMBO, February 14, 2014 (AFP) – Sri Lanka’s government said Friday it is probing incorrect and insulting translations of signs into the minority Tamil language, including one that says seats “reserved for pregnant dogs” instead of women. The government said they have received 218 complaints of misleading, wrong or offensive public notices that were correctly […]
New forms of racism arise in science research
CHICAGO, February 15, 2014 (AFP) – Advances in genetic sequencing are giving rise to a new era of scientific racism, despite decades of efforts to reverse attitudes used to justify the slave trade and Nazi theology, experts said Friday.Another concern is the ancestry tests that are now commonly sold online, a trend which feeds the […]
Sri Lanka ends 2013 with US$7.2bn in foreign reserves
Feb 12, 2014 (LBO) – Sri Lanka’s foreign reserves rose 4.6 percent to 7,200 million in December 2013 from a year earlier, despite payments to the International Monetary Fund and losses on gold holdings, official data showed. But in pegged exchange rate monetary systems ‘reserves’ are invested abroad such as in liquid US Treasuries and […]
Pope agrees to Sri Lanka trip, honours Korean martyrs
VATICAN CITY, February 8, 2014 (AFP) – Pope Francis on Saturday turned his focus to Asia, announcing a possible trip to Sri Lanka and approving the beatification of 124 Korean martyrs. Asia has repeatedly been tipped as a destination for possible papal trips as Francis’s predecessor Benedict XVI did not travel there during his eight-year […]
Sri Lanka president sends unity message
Feb 05, 2014 (LBO) – Sri Lanka’s President Mahinda Rajapaksa called upon foreign nations to support an effort to build unity and reconciliation in a message marking an anniversary of gaining independence from British rule.Western nations, led by the US are expected to move a UN resolution calling on accountability for alleged war crimes citing […]
Rights, democracy under threat in Sri Lanka: US envoy
COLOMBO, February 1, 2014 (AFP) – Democracy is under threat in Sri Lanka and its rights record has deteriorated in the five years since the end of a bloody ethnic war, a top US envoy said Saturday.Nisha Biswal, assistant secretary of state for South and Central Asia, said Colombo had failed to ensure reconciliation, justice […]
Sri Lanka rejects US criticism over rights, democracy
COLOMBO, February 2, 2014 (AFP) – Sri Lanka on Sunday rejected “patently unfair” allegations by the United States that its rights record had deteriorated in the five years since the end of a bloody separatist war.Foreign Minister G. L. Peiris said remarks by Nisha Biswal, US Assistant Secretary of State for South and Central Asia, […]
Sri Lanka inflation at 4.4-pct in January 2014
Jan 31, 2014 (LBO) – Sri Lanka’s consumer prices rose 4. buy 4 percent in the 12-months to January 2014, down from 4.7 percent in December, the state statistics office said.But external inflation usually generated by reserve currency central banks like the Federal Reserve has also started to moderate and if Fed tightens or normalizes […]
Asian shares tumble as emerging market fears return
HONG KONG, January 27, 2014 (AFP) – Asian markets sank on Monday following the worst losses on Wall Street in seven months, with investors gripped by renewed fears over emerging economies days ahead of a crucial Federal Reserve policy meeting. Japan’s Nikkei, which was the best performer last year, continued its 2014 downtrend as the […]