Tag: Sri Lanka
Nine die in Sri Lanka fighting
Feb 28, 2008 (AFP) – Two bombs left at least eight civilians dead in guerrilla-held territory in northern Sri Lanka, Tamil rebels said Thursday as the defence ministry reported killing nine militants.Casualty figures provided by both sides differ vastly and cannot be independently verified. The government bars journalists and human rights workers from front line […]
Sri Lanka rupee reasonably stable: CB governor
Feb 27, 2008 (LBO) – The Sri Lanka rupee has been “reasonably stable”, Central Bank Governor Nivard Cabraal said, as the currency held rock-steady against the US dollar amid tight monetary policy. “The rupee has been made reasonably stable,” governor Cabraal told a gathering of bankers at a micro finance seminar in Colombo Wednesday. “It […]
Smooth Premium
Feb 27, 2008 (LBO) – Chevron Lubricants Lanka said net profit for the year to December 2007 increased 34 percent to top a billion rupees, with premium brands bringing in better margins. Chevron Lubricants Lanka, formerly known as Caltex, once had a monopoly of the local market but its dominance has been challenged by new […]
Sri Lanka should overhaul monetary policy: economist
Feb 26, 2008 (LBO) — Sri Lanka should overhaul its monetary framework in the light of 20 percent plus inflation as such high levels could only be generated domestically by a central bank, a top Sri Lankan born economist has said.“There is no huge mystery to inflation, and I have run into people here who […]
Sri Lanka military says 41 killed in fresh fighting
Feb 25, 2008 (AFP) – At least 36 Tamil Tiger guerrillas and five Sri Lankan government soldiers have been killed in fresh fighting in and around rebel-held territory, the island’s defence ministry said Monday. War planes bombed a suspected Tamil Tiger naval base in the district of Kilinochchi on Sunday, inflicting heavy damage, the ministry […]
Sri Lanka state workers demand trebling of festival allowance
Feb 25, 2008 (LBO) – Sri Lanka’s powerful state worker unions have demanded a trebling of festival allowances as inflation tipped over 20 percent following loose monetary and fiscal policies in the past year. The latest in such moves is a new increase in car taxes after state workers were given thousands of tax-slashed cars. […]
Sri Lanka central bank asks for currency note designs
Feb 25, 2008 (LBO) – Sri Lanka’s central bank has called for public ideas to produce a new series of notes offering cash prizes for winning designs. The monetary authority has so far produced notes under 10 different themes from the time it was created soon after Sri Lanka gained independence from Britain. The first […]
Sri Lanka suicide attack kills two
Feb 24, 2008 (AFP) – A suspected Tamil rebel suicide bomber killed two rival militants in eastern Sri Lanka on Sunday, officials said, as the government stepped up security in the capital to prevent new attacks. The suspected suicide attacker crashed his motorcycle into another motorbike carrying two members of a breakaway rebel faction in […]
Bomb blast outside Sri Lanka capital injures eight: hospital
Feb 23, 2008 (AFP) – A bomb went off in a bus in a Colombo suburb on Saturday, wounding at least eight people, a hospital official said. Passengers were evacuated from the bus in the town of Mount Lavinia after the crew raised the alarm over a suspicious parcel left inside the vehicle, Sri Lankan […]
Sri Lanka bus blast in Colombo south
Feb 23, 2008 (LBO) – A bomb exploded in a bus in Mount Lavinia, a suburb south of the Sri Lanka’s capital Colombo Saturday, police said. The office of Sri Lanka’s police spokesman said at least two bus passengers were injured. Passengers had discovered the bomb and most of them were already out of the […]
Sri Lanka bomb blast outside capital injures 17: military
Feb 23, 2008 (AFP) – A parcel bomb exploded on a bus in a Colombo suburb on Saturday, wounding at least 17 people in the latest in a string of violent attacks, the defence ministry said.But casualties would have been far greater if an alert passenger had not spotted the booby-trapped package and shouted at […]
Sri Lanka steps up air strikes against Tamil Tigers
Feb 22, 2008 (AFP) – Sri Lankan war planes stepped up bombing raids inside Tamil Tiger-controlled territory Friday, a day after intense ground battles left at least 95 people dead, the defence ministry said. Jet fighters hit a key base of the Liberation Tigers of Tamil Eelam (LTTE) in the morning after air strikes against […]