Tag: Sri Lanka
Sri Lanka Tigers urged by Britain to free Tamils
LONDON , September 26, 2008 (AFP) – Britain voiced deep concern Friday about the situation in Sri Lanka, where government forces have advanced to the outskirts of the northern Tamil Tiger rebel capital. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The Foreign Office called for access […]
” damage in offensive: FM
UNITED NATIONS, September 25, 2008 (AFP) – Sri Lanka government troops are wary of any “collateral” damage as they move closer to dismantling the Tamil Tigers’ de facto state, Foreign Minister Rohitha Bogollagama told AFP at the UN Thursday. “We are trying to defeat terrorism and to that extent, whatever engagement is confined,” said Bogollagama, […]
Sri Lanka lease-backed security retains rating: Fitch
Sept 26, 2008 (LBO) – A lease-backed security issued by Sri Lanka’s People’s Leasing Company, using a trust mechanism, has retained its ‘A-(lka)’ rating which is the same as the originator, Fitch Ratings said.While credit enhancements were enough to support a higher rating, Fitch says there was an unhedged interest rate risk on the floating […]
Protests in Sri Lanka Ponzi capital
Sept 26, 2008 (LBO) – Protests erupted against authorities in a sleepy Sri Lankan fishing village which can almost lay claim to be the Ponzi capital of the world, after a financier in the area was blacklisted as running an illegal business, police and residents said. The Central Bank of Sri Lanka named Piyadasa Ratnayake, […]
Bunker Business
Sept 24, 2008 (LBO) – Ceylon Shipping Corporation (CSC) is considering acquiring its own ship fuel supply vessel to sell bunkers in Colombo port through its joint venture with a Greek shipping family firm. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 “We have started doing bunkering […]
Weight Watching
Sept 24, 2008 (LBO) – Sri Lanka’s cooking gas retailers will have to weigh gas cylinders on a certified on-site weighing machine in the presence of customers to combat the sale of underweight cylinders, officials said. If such dealers are not allowed to sell gas, rural customers in particular may face immense difficulties by being […]
Sri Lanka Tamils resent surveillance in capital
September 24, 2008 (AFP) – Luxmi Wellamma fled her home in Sri Lanka’s war-torn north for what she hoped would be a safer life in Colombo. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 But the relative calm of the capital comes at a cost: […]
Liquidity Shock
SINGAPORE, September 23, 2008 (AFP) – Crude oil traded mixed in Asia on Tuesday after the benchmark New York futures contract soared more than 16 dollars for its biggest one-day gain ever. The massive price surge stemmed partly from hopes that a US plan to buy tainted mortgage-related assets will save the global economy from […]
France calls for punishment as 2008 paper money debacle unfolds
Sept 23, 2008 (LBO) – French president Nicolas Sarkozy called for those responsible for a global financial crisis to be punished as the biggest debacle so far in a modern re-incarnation of fiat paper money unfolded on its 35th anniversary. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to […]
Sri Lanka president in talks with Norway peace brokers
September 23, 2008 (AFP) – Sri Lankan President Mahinda Rajapakse held talks with Norwegian peace facilitators, the first since Colombo pulled out of a tattered truce in January, his office said Tuesday. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Rajapakse and Norway’s senior peace envoy Erik […]
Sri Lanka central bank is like a currency board: official
Sept 22, 2008 (LBO) – Sri Lanka’s monetary authority is now operating almost like a currency board and its currency issue is fully backed by reserves, a senior central banker has said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 Sri Lanka abandoned a currency […]
Sri Lanka spreads some prices over two months in inflation reports
Sept 22, 2008 (LBO) – Sri Lanka is calculating point-to-point inflation by spreading some price increases across two months, an official said, adding to a series of recent actions that is casting a shadow over the integrity of the country’s economic statistics. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and […]