Tag: Sri Lanka
Sri Lanka minister wins over cricket board in selector row
May 31, 2007 (AFP) – Sri Lankan Sports Minister Gamini Lokuge said Thursday his officials will appoint selectors for national sporting teams after a row over the chief cricket selector.Sri Lanka are due to host Bangladesh for three Test matches and three one-day internationals from mid-June.“What is happening now is that sports bodies on their […]
ESPN rescues Afro-Asia Cup despite absense of Sri Lankan and Indian stars
NEW DELHI, May 31, 2007 (AFP) – The Afro-Asia series in India will go ahead as scheduled next week after the ESPN-Star network stepped in to save the beleaguered event, the Asian Cricket Council said on Thursday.“The series cannot be held if there is no television coverage,” said Indian cricket board secretary Niranjan Shah.The series, […]
Sri Lanka troops push on with offensives against rebels
May 31, 2007 (AFP) – Government forces kept up two offensives against Tamil Tiger rebels in the island’s northern and eastern regions Thursday with casualties reported on both sides, officials said. More than 60,000 people have been killed in the conflict. Troops backed by artillery combed the jungles of Thoppigala in the district of Batticaloa, […]
Sri Lanka changes exchange rate index base
May 30, 2007 (LBO) – Sri Lanka has changed the base year of two indexes that track the performance of the rupee against the country’s trading partners to reflect the changing structure of trade in recent years, the Central Bank said. However since January 2007, the central bank has embarked on an aggressive stabilization effort […]
Red Cross returns to Sri Lanka front lines
May 30, 2007 (AFP) – The international Red Cross resumed work Wednesday on Sri Lanka’s battle-scarred front lines, offering safe passage for civilians between government and rebel territory, the Geneva-based charity said.The International Committee of the Red Cross (ICRC) said it would initially man two entry and exit points three days a week in the […]
Sri Lanka inflation spikes in May, but moderating trend still seen
May 30, 2007 (LBO) – Sri Lanka’s inflation spiked in May by a massive 3 percentage points, reversing a three month trend of falling prices, but the 12-month un-adjusted inflation continued to move down. Sri Lanka’s interest rates have been moving up from the beginning of the year as the government borrows heavily from domestic […]
Investors jittery as Sri Lanka fighting escalates
May 30, 2007 (AFP) – Sri Lanka’s investors, international donors and lenders are watching with alarm as government fighting against Tamil Tiger rebels escalates and key economic targets come under attack, analysts say.There appears little space to manoeuvre unless the separatist conflict subsides.Roadside blasts Monday and last Thursday around Colombo killed 11 people and wounded […]
Change Please
May 30, 2007 (LBO) – India’s National Thermal Power Corporation (NTPC) which is hoping to build a coal plant with Sri Lanka’s power utility has asked for Indian government help to change its proposed location, reports said. Eastern Sri Lanka has seen heavy fighting in the past year as government troops systematically took back areas […]
Sri Lankan capital on alert after bomb kills seven civillians
May 29, 2007 (AFP) – Security forces and police stepped up security in the Sri Lankan capital on Tuesday after suspected Tamil Tiger rebels set off a roadside bomb killing seven civilians, officials said. All vehicles entering Colombo were subjected to individual searches by heavily armed troops and police, a police spokesman said. The move, […]
Sri Lanka aid donors get security guarantees for workers
May 29, 2007 (AFP) – Key Sri Lankan aid donors Tuesday announced the government had offered security guarantees for their workers who have been accused by state media and ministers of supporting Tamil Tiger rebels.The 10-point “guiding principles” for security followed talks with the government after the killing of 17 workers from a French aid […]
Deal Flow
May 29, 2007 (LBO) – Globeleq, a unit of CDC investment group which is raising a billion dollars by selling power sector assets in Sri Lanka and other countries, says it is looking for new projects. “This is excellent news for emerging markets. Greater access to reliable energy continues to be a high priority for […]
Some 30,000 Sri Lankans return home in east: UNHCR
GENEVA, May 29, 2007 (AFP) – Some 30,000 Sri Lankans who had fled fighting in the east of the country have returned to their homes over the past two weeks under a government resettlement plan, the UN refugee agency said Tuesday.The office of the UN High Commissioner for Refugees, which is monitoring the process, said […]