Tag: Sri Lanka
Sri Lanka, emerging Asia would gain from prudent monetary policy: S&P
Feb 15, 2008 (LBO) – Countries that resist pressure to ease monetary policy would make long term gains, the rating agency Standard and Poor’s said in a report on 11 Asian nations that showed Sri Lanka had the highest forecast inflation in 2008. “Some central banks will likely yield to calls to support growth and […]
Sri Lanka trade deficit stable in 2008, exports up in December
Feb 15, 2008 (LBO) – Sri Lanka’s trade deficit grew a mere 5.6 percent in 2007, and exports in December soared 22.7 percent to 863.4 million dollars, the Central Bank said. The trade balance grew to 3,560 million dollars in 2007 with exports growing 12.5 percent to 7.7 billion dollars, and imports growing 10.2 percent […]
Sri Lanka slams S&” outlook cut
Feb 15, 2008 (LBO) – Sri Lanka’s central bank has slammed Standard and Poor’s (S&P) over an outlook cut saying the move was unwarranted, illogical, ill-advised, and without rational basis. “It is abundantly clear that S&P has chosen to overlook the many favourable factors and are, for reasons best known to them, suddenly discovering weaknesses […]
India calls for naval alliance with Sri Lanka and other countries
NEW DELHI, (AFP) – India called for an alliance of navies to boost security at sea at its first naval summit Thursday with nations that have a stake in the busy maritime lanes of the Indian Ocean.The summit will wind up on Friday with a closed-door conclave of the naval chiefs in the Indian seaside […]
Sri Lanka keeps up air strikes on rebel territory
Feb 15, 2008 (AFP) – Sri Lankan war planes carried out bombing raids Friday inside territory held by Tamil Tiger guerrillas, the defence ministry said.A training camp of the Liberation Tigers of Tamil Eelam (LTTE) was targeted in Friday’s attack, which followed a similar raid on Thursday, the ministry said. The air attacks are part […]
UN seeks 44 million dollars to feed Sri Lanka displaced
Feb 14, 2008 (AFP) – A United Nations agency Thursday appealed for 44 million dollars to feed thousands of people displaced by fighting between Sri Lankan troops and Tamil Tiger rebels. The World Food Programme (WFP) currently feeds more than a million Sri Lankans, of whom 400,000 have been internally displaced. “For now, we urgently […]
Sri Lanka accuses human rights bodies of bias
Feb 13, 2008 (LBO) – Sri Lanka Wednesday accused international human rights groups of being silent in the wake of a string of bomb attacks blamed on the Tamil Tigers that killed scores of civilians including 14 school children. “None of the international human rights organizations have even raised a voice or given a statement […]
Sri Lanka Tigers shell military base as fighting kills dozens
Feb 12, 2008 (AFP) – Tamil Tiger rebels shelled a key military base in northern Sri Lanka on Tuesday, officials said, as the defence ministry said dozens of rebels were killed in new fighting.The Liberation Tigers of Tamil Eelam (LTTE) attacked the Thallady military camp in the district of Mannar early Tuesday, drawing retaliatory fire […]
Oil Trends
Feb 12, 2008 (LBO) – Lanka IOC is looking to extend its bunker business once new pipelines connecting the Colombo port with storage terminals are laid, an official said. The pipes would be laid by the common infrastructure firm, Ceylon Petroleum Storage Terminals Ltd (CPSTL), which is jointly owned by Lanka IOC, the state-owned Ceylon […]
Sri Lanka mine attack kills two police
Feb 11, 2008 (AFP) – Two policemen were killed in a land mine blast in northern Sri Lanka on Monday, military officials said as the defence ministry said it had killed at least 68 Tiger rebels in weekend clashes. An inspector and a constable were blown up in the district of Vavuniya while on a […]
Sri Lanka army chief vows to defeat Tiger rebels
Feb 10, 2008 (AFP) – Sri Lanka’s army chief again vowed to defeat Tamil separatists but refused to set a deadline for the end of the decades-old conflict, saying the rebels remain a potent force, a report said Sunday. Army general Sarath Fonseka said in an interview with the Lakbima weekly newspaper that a military […]
Sri Lanka under pressure to de-politicize price index
Feb 09, 2008 (LBO) – Pressure is mounting to de-politicize Sri Lanka’s new price index, which the authorities are already using as a guide for monetary policy and are pushing trade unions to accept for indexing wages. The new Colombo Consumer Price Index or CCPI (N) has come under fire for excluding alcohol in an […]