Tag: Sri Lanka
New Formula
April 23, 2007 (LBO) – Sri Lanka’s largest petroleum retailer the state-owned Ceylon Petroleum Corporation (CPC) may return to monthly price adjustments once it had recovered current losses, the country’s petroleum minister said. CPC shares Sri Lanka’s petroleum distribution with Lanka IOC, a unit of Indian Oil Corporation, which has 30 percent of the market. […]
”’ outlook could be upgraded if budgets improve: Fitch
April 23, 2007 (LBO) – The ‘negative’ outlook on Sri Lanka’s BB- rating could be upgraded to ‘stable’ if Sri Lanka could produce better budgets, reduce inflation and show that the conflict’s effect on the country’s ability to repay debt had lessened, Fitch Ratings has said. The rating agency Monday affirmed Sri Lanka’s sovereign rating […]
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LUXEMBOURG, April 23, 2007 (AFP) – EU foreign ministers agreed on Monday to tell groups and individuals on its terror register why they are listed.The EU has already written to OMPI, recalling “the organisation’s past, notably the attacks that it has been responsible for”, an EU diplomat said. The decision was made in the wake […]
Six said killed in Sri Lanka clashes
COLOMBO, April 22, 2007 (AFP) – Tamil Tiger rebels and government forces fought two gunbattles in Sri Lanka’s restive north and east leaving at least six rebels killed, the defence ministry said Sunday.Gunmen of the Liberation Tigers of Tamil Eelam (LTTE) clashed with troops at Vavuniya, 260 kilometres (160 miles) north of Colombo, on Saturday […]
‘s multi-ethnic, multi-religious unity yet to inspire divided nation
April 22, 2007 (AFP) – Sri Lankans treat cricket as a religion, but the sport has failed to heal wounds of this deeply divided nation despite its ethnically-mixed World Cup squad displaying strong unity. “Any hope that cricket will unite (all commmunities) is a fallacy.” The success of Sri Lanka’s multi-ethnic team at the ongoing […]
Torture ruled out on dead Maldivian dissident
COLOMBO, April 22, 2007 (AFP) – An independent autopsy found no signs of torture on a Maldives dissident who died shortly after being released from custody, officials here said Sunday.The body of Hussein Salah was flown to Sri Lanka on Friday for a medical examination following allegations that he had been killed while in police […]
‘s exporters face new fees
April 22, 2007 (LBO) – Sri Lankan exporters have been slapped with a host of new fees that were increasing their costs, and reducing their competitiveness, an official said. In the last few months, shippers have been called to pay a growing number of new fees by shipping lines, freight forwarders and others in the […]
Sri Lankan Tamil journalist shot dead
COLOMBO, April 20, 2007 (AFP) – Unidentified gunmen shot dead a Tamil journalist in northern Sri Lanka in the latest in a string of attacks against media personnel, a rights group said Friday.Subash Chandraboas, 32, editor of the Tamil monthly Nilam, was gunned down late Monday at his residence in Vavuniya, 260 kilometres (162 miles) […]
Sri Lankan authorities try to counter money printing culpability
April 20, 2007 (LBO) – Authorities in Sri Lanka are trying to counter growing public awareness that 38.5 billion rupees were printed to finance the budget deficit last year, which also drove inflation to 19.3 percent by December, despite the information being publicly available. Deputy Finance Minister Ranjith Siyambalapitiya was responding to a news story […]
Sri Lanka media crisis takes international twist
April 19, 2007 (AFP) – Sri Lanka’s top defence official summoned Britain’s envoy Thursday after he expressed solidarity with an editor facing death threats, diplomats said.Although there is no formal censorship imposed, Sri Lankan authorities prevent journalists from travelling to areas held by the rebels, who are waging a separatist conflict that has killed more […]
Sri Lanka rupee falls to a new low; overnight rates ease
April 19, 2007 (LBO) – The Sri Lanka rupee fell to a new low of 110.50 to the dollar in early trading Thursday dealers said, while short-term interest rates eased. The rupee had ended just short of 110 to the dollar earlier in the month with high rupee interest rates encouraging exporters to convert to […]
Sri Lanka editor faces death threat: rights group
April 18, 2007 (AFP) – Sri Lankan authorities have issued a thinly veiled death threat against a newspaper editor for reporting on military excesses and human rights abuses, a media rights group said Wednesday.Although there is no formal censorship imposed, Sri Lankan authorities prevent journalists from travelling to areas held by rebels, who are waging […]