Tag: Sri Lanka
Sri Lanka rupee depreciates 1-pct in 2007, reserves US$3bn: central bank
Jan 01, 2008 (LBO) – Sri Lanka’s central bank says the rupee closed at 107.71 against the dollar in 2007 indicating that the domestic currency only depreciated by one percent against the greenback last year. . “This depreciation was substantially below some of the adverse expectations that prevailed in the market, based on certain claims […]
Sri Lanka central bank gives up on low inflation for 2008
Jan 02, 2007 (LBO) – Sri Lanka’s central bank has given up achieving low inflation in 2008 with Governor Nivard Cabraal saying that the bank may allow consumer inflation to go as high as 14 percent this year.. However, Cabraal said his institution would try to keep consumer inflation at around 10 to 11 percent […]
Sri Lanka Tamil lawmaker shot
Jan 01, 2008 (LBO) – Gunmen shot a Tamil parliamentarian inside a Hindu temple in the Sri Lankan capital Tuesday morning, eyewitnesses and police said. T. Maheshwaran was rushed to hospital, police said. He had previously survived an assassination attempt by the Tamil Tigers when he represented the United National Party, now in the opposition. […]
Sri Lanka Tamil lawmaker shot dead
Jan 01, 2008 (LBO) – A Sri Lankan Tamil parliamentarian has died after being shot inside a Hindu temple in the Sri Lankan capital Colombo Tuesday morning, police and hospital officials said. T. Maheshwaran was rushed to hospital in a critical condition but succumbed to his injuries soon after, Colombo hospital director Hector Weerasinghe told […]
Gunned down Sri Lanka Tamil lawmaker did not ask for more security: defence secy
Jan 01, 2008 (LBO) – A Sri Lankan Tamil parliamentarian who was assassinated Tuesday morning had not asked for additional protection, the island’s top defence bureaucrat has said. T. Maheshwaran, an opposition United National Party (UNP) lawmaker, was gunned down by unknown gunmen at a Hindu temple in a suburb north of the capital Colombo. […]
Sri Lanka arrests alleged assassin of opposition lawmaker: defence ministry
Jan 01, 2008 (LBO) – Sri Lankan police have arrested a suspected gunman alleged to have shot dead a Tamil parliamentarian at a Hindu temple in the capital Colombo Tuesday, the defence ministry said. The suspected gunman had been wounded when a bodyguard of assassinated lawmaker T Maheshwaran returned fire during the attack, the ministry […]
Sri Lanka quantity targeting exercise fails; lessons for 2008
Jan 01, 2008 (LBO) – Sri Lanka’s central bank says it met the milestones of an ill-fated reserve money targeting exercise in 2007, though inflation went out of control during the year, showing up the pitfalls of quantity targeting. The bank said it achieved the year end target of 267.6 billion rupees with room to […]
Sri Lanka gunmen open fire in Hindu temple: eyewitness
Jan 01, 2007 (LBO) – Gunshots were heard inside a Hindu temple in the Kotahena area of the Sri Lanka capital Colombo, eyewitnesses said. A witness at the scene said he had heard half a dozen gunshots sending devotees stampeding for cover. .. For updates on this story go to the news front page at […]
Sri Lanka inflation eases in December
Dec 31, 2007 (LBO) – Sri Lanka’s consumer prices in the capital Colombo eased in December with the most widely watched index falling 0.4 percent in the month, lowering 12-month inflation to 16.4 percent from a peak of 19.6 percent a month before. The Colombo Consumer Price Index fell 21.3 points in the month to […]
Sri Lanka vows victory against Tigers in 2008: report
COLOMBO, Dec 31, 2007 (AFP) – Sri Lanka’s top military commanders have vowed to escalate attacks against Tamil rebels in the New Year to achieve a “turning point” in the decades-old separatist war, a state-run daily said Monday. Army chief Sarath Fonseka expressed the hope that government forces would be able to dislodge the Liberation […]
Sri Lanka media watchdog slams president over unruly minister
Dec 31, 2007 (LBO) – A Sri Lankan media rights group Monday slammed President Mahinda Rajapakse for not taking action against a junior minister who allegedly rampaged through a state television station and assaulted its news director. It also urged the government to free the state print media from its control and to “re-establish state […]
‘s warring parties say heavy battles in north
Dec 30, 2007 (AFP) – Sri Lanka’s security forces and Tamil rebels were locked in fierce fighting Sunday in the island’s north with both sides claiming to have inflicted heavy losses against the other. The defence ministry said troops killed at least 33 members of the Liberation Tigers of Tamil Eelam (LTTE) and wounded another […]