Tag: Sri Lanka
Monthlies
July 16, 2007 (LBO) – Sri Lanka will adjust fuel prices monthly on a transparent formula to cut losses in petroleum utilities, an official said, which is expected to reduce exchange rate pressure and avoid the build-up of macro-economic imbalances. Ceylon Petroleum Corporation (CPC) Chairman Ashantha de Mel says a cabinet sub-committee on energy had […]
Need Based
July 16, 2007 (LBO) – Sri Lanka has announced fuel subsidies to the poor on state welfare and warned of more price hikes with the onset of a hurricane season that disrupts international offshore petroleum production. The government says they are willing to pay a fuel subsidy to three-wheeler tax owners if they install metres. […]
Four shot dead after heavy Sri Lanka fighting
July 15, 2007 (AFP) – Four civilians were bound and shot dead execution-style in northern Sri Lanka near the scene of heavy battles between troops and Tamil rebels, a police official said Sunday.The bodies of the four were discovered Sunday shot in the head and with their hands tied behind their backs in Vavuniya district, […]
‘s lagging growth blamed on leftists, beggar mentality, big government: poll
July 15, 2007 (LBO) – Thirty years after Sri Lanka started to open its economy, a poll by an influential weekly has shown overwhelming approval for liberalization, with some saying reforms were not deep enough in areas like education. Respondents to the Sunday Times poll said while private sector workers had to work long hours […]
Heavy fighting erupts in Sri Lanka
July 14, 2007 (AFP) – Sri Lankan troops used war planes and long-range weapons to attack suspected Tamil Tiger positions as fresh fighting broke out early Saturday, the defence ministry said.Fighter jets pounded suspected Liberation Tigers of Tamil Eelam (LTTE) locations in the north of the island, where heavy artillery duels killed at least one […]
Sri Lanka, ILO to probe use of child labour in agriculture
July 14, 2007 (LBO) – Sri Lanka’s Labour Ministry has sought the help of the International Labour Organization to do a survey to find out if the country’s agriculture sector uses child labour. They are today the most vulnerable of the farming and fishing communities and their rights to a decent and dignified childhood free […]
Lions leader offers to play role in Sri Lanka peace process
July 13 (LBO) – A Sri Lankan businessman who has just been elected president of the International Lions Organization says he hopes to help take forward the Sri Lankan peace process as an internal facilitator. Sri Lankan ‘Lion’ Mahendra Amarasuriya was recently elected as the president of the International Lions organization in Chicago. He says […]
Sri Lanka unemployment rate falls
June 12, 2007 (LBO) – Sri Lanka’s unemployment rate in the first quarter of 2007 fell to 6.2 percent, its lowest ever rate, from 6.8 percent in the same 2006 quarter, continuing the steady declining trend seen in recent years, the Central Bank said. The total number unemployed was estimated as 462,000 for the first […]
Sri Lanka to re-build areas taken from Tamil Tigers
July 13, 2007 (AFP) – Sri Lanka announced Friday it would mark the fall of the last Tamil rebel bastion in the east of the island with the launch of an ambitious reconstruction plan. Sri Lanka’s 35-year-old conflict has claimed more than 60,000 lives, and over 5,200 people have been killed in fighting in the […]
‘s east
July 12, 2007 (AFP) – Tamil Tiger rebels have admitted losing a key stronghold in eastern Sri Lanka to government forces and said they would revert to guerrilla tactics in the troubled region.The Liberation Tigers of Tamil Eelam (LTTE) fighters melted away from Thoppigala, a mountainous jungle area they dominated for over 13 years, rebel […]
Tamil Tigers threaten guerrilla warfare after conventional defeat
July 12, 2007 (AFP) – Tamil Tiger rebels have admitted losing a key stronghold in eastern Sri Lanka to government forces and said they would revert to guerrilla tactics in the troubled region. Government forces were clearing landmines in the Thoppigala area which they captured from rebels on Wednesday, after months of heavy fighting, military […]
Sri Lanka petro chief calls for national hedging policy
July 12, 2007 (LBO) – The head of Sri Lanka’s state petroleum utility has called for a national policy on oil hedging for the longer term as international bankers were due to present a fresh proposal on short-term hedging. An accumulation of profits in any import firm would reduce demand in the aggregate economy, resulting […]