Tag: Sri Lanka
Sri Lanka lightening strike kills four soldiers killed, 56 wounded: police
April 1, 2008 (AFP) – At least four men were killed and another 56 injured Tuesday when lightening struck a military training facility in eastern Sri Lanka, police said.The victims were on a training exercise when they were struck in the district of Polonnaruwa, 216 kilometres (135 miles) east of here by road, police said. […]
Sri Lanka consumer prices hit new record in March 2008
Mar 31, 2008 (LBO) — Consumer prices in Sri Lanka’s capital Colombo measured by a controversial new index hit 23.8 percent in the 12-months to March, while an older index hit a record high of 28.1 percent, government data showed. . The price rises came after at least three months of tight monetary policy and […]
‘s US dependence falling, but global downturn may worsen
Mar 31, 2008 (LBO) – Falling dependence on the US economy will allow Sri Lanka to ride out a recession in that country, a top central banker said, amid warnings that the current global turmoil may become deeper. Economics Research chief of Sri Lanka’s central bank P N Weerasinghe said the share of exports to […]
Sri Lankan director in Indian Tamil trouble
CHENNAI, India, March 30, 2008 (AFP) – A Sri Lankan film-maker has ended up in hospital after making a damning film on the Tamil Tigers and trying to have it processed in a studio in a Tamil-majority region of neighbouring India.Thushara Peiris was set upon by a furious mob outside Gemini Studios in Chennai, capital […]
”: IMF study
Mar 28, 2008 (LBO) – Most of Sri Lanka’s inflation is not ‘imported’ or caused by oil, a major new International Monetary Fund research study has found, indicating that the mainly home grown price rises could be slashed with better economic policies. . The IMF study released Saturday that covers a steep rise in Sri […]
”and reduce prices
Mar 28, 2008 (LBO) – Sri Lanka has removed a special tax on rice and allowed any private trader to import rice, the information ministry said as the government tried to import ‘deflation’ in to the country. . “With the intention of easing the burden of the people, the Government has decided to sanction the […]
‘s high risk dams to be made safer
Mar 28, 2008 (LBO) – Sri Lanka is getting a 65.3 million US dollar credit from the World Bank to improve the safety at high risk dams and boost water resources planning capacity in the island, the multilateral lender has said. The project will cover 80 dams of which 32 are considered high risk. The […]
Sri Lanka economy expands 6.8 percent in 2007
Mar 28, 2008 (LBO) – Sri Lanka’s economy expanded 6.8 percent in 2007 against 7.7 percent in 2006, but in the fourth quarter growth accelerated to 7.6 percent from 7.4 percent in the same period last year, government data showed. Head of Statistics Suranjana Vidyaratne said industry grew by 7.6 percent, services by 7.1 percent […]
Sri Lanka launches probe into mystery poster campaign
March 28, 2008 (AFP) – Sri Lanka Thursday launched a probe into a mystery poster campaign that is asking would-be Tamil Tiger suicide bombers to turn themselves in to government hands in return for cash.The campaign, run by an unknown pro-peace organisation, was urging extremists to change their minds in exchange for a new life […]
Sri Lanka trade deficit doubles in January
Mar 27, 2008 (LBO) – Sri Lanka’s trade deficit doubled to 610.8 million US dollars in January as a surge in oil and capital goods imports outpaced gains from an agricultural commodity boom, government data showed. Sri Lanka has recorded a balance of payments surplus in the first two months of the as the central […]
Sri Lanka needs changes to build knowledge economy: World Bank
March 26, 2008 (LBO) – Sri Lanka needs to improve access to broadband communications and the internet and reduce costs to become a ‘knowledge economy’, the World Bank has said. . If not, the country risks creating a ‘digital divide’, a new divide between haves and have-nots, economist Ismail Radwan said in a new study […]
‘s deafening silence on Tibet and gratitude to S Mahinda Thero
March 25, 2008 (LBO) – Sri Lanka is maintaining a diplomatic silence on the recent Chinese crackdown on protests in Buddhist Tibet as China is one of its main arms suppliers in the war against Tamil Tiger separatists, analysts say. “¦when the Buddhists in Tibet cry for their freedom, shouldn’t Sri Lanka, being a Buddhist […]