Tag: Sri Lanka
World Bank appoints new South Asia chief
July 3, 2008 (LBO) – The World Bank has appointed Isabel Guerrero, country director for India as vice president for the South Asia region, replacing Praful Patel who retired on July 02, the multilateral lender said. “It is a most special privilege to be invited to take on this role in one of the most […]
Sri Lanka journalists protest over attacks
July 2, 2008 (AFP) – Hundreds of Sri Lankan reporters and cameramen staged a protest outside President Mahinda Rajapakse’s home Wednesday demanding an end to a wave of killings, abductions and assaults against journalists.Media workers’ associations peacefully demonstrated outside the main access to Rajapakse’s Temple Trees residence while dozens of unarmed police stood behind yellow […]
Sri Lanka fuel subsidy cuts a good move: Daim
July 2, 2008 (LBO) – Cutting fuel subsidies when the national budget is de-stabilized is a necessary move to keep the economy stable and development ticking, former Malaysian finance minister Daim Zainuddin has said.In Sri Lanka, left-oriented political parties led by the Janatha Vimukthi Peramuna (JVP) pushed state policy towards subsidizing imported commodities from mid-2004 […]
Sri Lanka government treasury chief says subsidies inefficient
July 02, 2008 (LBO) – The Sri Lankan government treasury secretary P B Jayasundera has described subsidies as an inefficient way of managing economic affairs and said the government was moving to reduce the burden of handouts with price increases in a range of commodities. “Any form of subsidy is inefficient,” Jayasundera, who is also […]
‘s war against journalists a conspiracy: President
July 2, 2008 (LBO) – Sri Lanka’s continuing attacks on the media is a conspiracy to discredit the government, President Mahinda Rajapakse said, while the latest assault against a mediaman and a UK embassy staffer drew new condemnation.At a time when the government was fighting terror and implementing development projects, there were moves to de-stabilize […]
Sri Lankan media offers reward for tips on attackers
July 02, 2008 (LBO) – The Sri Lanka Press Institute (SLPI) and the Newspaper Publishers Association are offering a reward of five million rupees for information on the assault on journalist Namal Perera.Informants could give information that lead to the arrest of the assailants by calling 0033 147 777 414 or sending emails to helppresssrilanka@gmail.com, […]
Sri Lanka British embassy land; gentry wanted
July 01, 2008 (LBO) – The former British High Commission property in Sri Lanka is for sale with the owners preferring the highest bidder to have a high pedigree as well, the auctioneers said. This could value the deal as much as 2.5 billion rupees, making it the single largest land auction in the island.The […]
” in hard times
July 01, 2008 (LBO) – Sri Lanka must now switch to an “investment driven economy” with businesses and people ‘going lean’ to survive and come out of the difficult times the island is going through, a productivity expert said. Lean production and working methods will help increase productivity and the standard of living as well […]
Sri Lanka inflation may fall after August: Central Bank
July 01, 2008 (LBO) – Sri Lanka’s central bank said inflation which hit the highest levels in the country’s record keeping history in the first half of 2008, may start to fall from August, in the wake of better monetary policy.Sri Lanka’s inflation measured by the Colombo Consumer’ Price Index rose to 28.2 percent in […]
Sri Lanka media suppression, new attacks condemned by US
July 1, 2008 (LBO) – The United States has condemned the attack on a UK embassy staffer and journalist, calling it a “brutal and unprovoked” attack and said it was concerned at the suppression of media which was essential for democracy.The US said it hoped that a high powered ministerial committee appointed to look into […]
Sri Lanka economy expands 6.2 percent in 2008 first quarter
June 30, 2008 (LBO) – Sri Lanka’s economy expanded 6.2 percent in the first quarter of 2008, against 6.1 percent growth in the same period last year but slower than the 7.6 percent growth fourth quarter of 2007, government data showed. The agriculture sector grew by 5.9 percent compared with a 0.5 percent growth in […]
Sri Lanka inflation hits new high of 28.2 percent in June
June 30, 2008 (LBO) – Sri Lanka consumer inflation in the capital Colombo accelerated to a new record of 28.2 percent in June 2008, from 26.2 percent in May, the government’s statistics office said. In the 30 days to June prices rose 3.7 percent in the most widely watched Colombo Consumer Price Index (CCPI). The […]