Tag: Sri Lanka
‘s ruling party wins provincial polls
Aug 24, 2008 (LBO) – Sri Lanka’s ruling coalition is securing comfortable wins in two provincial polls with large majorities in most polling divisions, official results show, increasing the likelihood of further polls in the months ahead, analysts say.A similar trend is seen in the Ratnapura and Kegalle districts of the Sabaragamuwa province, in polling […]
Sri Lanka ruling party in strong position for national polls
Aug 24, 2008 (LBO) – Sri Lanka’s ruling coalition has won convincingly over the main opposition and weakened a Marxist former ally in a provincial poll, placing the administration in a strong position to go for national polls on its own.The United Peoples’ Freedom Alliance (UPFA) led by the Sri Lanka Freedom Party of President […]
Sri Lanka gets ADB help to curb fiscal profligacy
Aug 24, 2008 (LBO) – Sri Lanka is getting help from Japan and the Asian Development Bank (ADB) to improve government finances, the regional lender said, four years after the island returned to excessive government spending, money printing and high inflation. The Japan Special Fund is giving a 300,000 US dollar grant to help Sri […]
Sri Lanka holds local polls as army heads to rebel capital
August 23, 2008 (AFP) – Sri Lanka staged local elections under tight security Saturday as troops pushed deeper into Tamil Tiger territory, closing in on the rebel capital in the war-ravaged north, officials said. To receive instant alerts from LBO on your Dialog mobile type ‘act (space) lbo’ and send to 678 Two out of […]
Sri Lanka holds provincial polls amid military push
OLOMBO, August 23, 2008 (AFP) – Sri Lanka was holding provincial elections amid high security Saturday as government forces pushed deeper into territory held by Tamil Tiger rebels in the island’s north, officials said. Two out of the nine provinces on the island were voting to elect the highest level of local government in the […]
Loss Assessment
Aug 22, 2008 (LBO) – Sri Lanka’s John Keells Holdings (JKH) said a write-down at its bunkering unit could amount to 1.3 billion rupees after the firm lost a tank farm and a tax holiday, but the group was hopeful of capping losses at 704 million rupees.Following a Supreme Court decision that cancelled its tax […]
Sri Lanka to host South Asia economic summit on Aug 28
Aug 22, 2008 (LBO) – Sri Lanka will host a South Asian Economic Summit (SAEA) from August 28, where civil society, academics, private sector and state representatives can debate economic issues, a Colombo-based think thank said. Former Nepalese finance and foreign minister Bekh Thapa, former Bangladeshi foreign minister Kamal Hossain, former SAARC secretary generals Ibrahim […]
Sri Lanka to close polling stations if there is violence: monitor
Aug 22, 2008 (LBO) – A Sri Lankan elections watchdog says it has been assured by the elections commissioner that polling stations where violence or irregularities take place at Saturday’s provincial council polls would be closed. Rodrigo quoted the elections commissioner as saying that there had been no violence in the last 36 hours after […]
Sri Lanka CB governor says South Asian policy making improving
Aug 21, 2008 (LBO) – Economic policies in South Asia are improving and people are taking ownership for policymaking and are no longer driven by multilateral institutions, Sri Lanka’s central bank governor Nivard Cabraal said.“We are now taking ownership of our own destinies,” Cabraal said at the opening of a regional symposium of senior central […]
Sri Lanka central bank sells own securities to destroy money
Aug 20, 2008 (LBO) – Sri Lanka’s central bank said it is selling its own securities to remove money from the banking system, after running out of its Treasury bill stock in a bid to keep money supply growth low.But access to the window has been restricted, allowing market rates further up the yield curve […]
Sri Lanka seeks fisheries aid from Iceland
Aug 20, 2008 (LBO) – Sri Lanka has sought help from Iceland to develop its fisheries and geo-thermal resources and both countries plan to improve air travel links, the foreign affairs ministry said in a statement. The request for aid was made by Sri Lankan foreign minister Rohitha Bogollagama during a visit to Reykjavik earlier […]
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Aug 20, 2008 (LBO) – Sri Lanka’s Free Media Movement (FMM) said government charges against a journalist who has been detained for months were weak and an attempt to cow down the media by using anti-terrorist laws.It said in a statement that it had learnt that journalist J S Tissainayagam, who has been held in […]