Tag: Sri Lanka
Inflation in Sri Lanka stabilizes in March amidst moves to change index
March 30, 2007 (LBO) – Consumer price inflation in Sri Lanka’s capital Colombo fell by 1.7 percent in the month of March though the 12-month difference in price levels was still high at 19.5 percent, data from the statistics office showed Friday. Analysts says unions are likely to oppose any attempts to short change them […]
Hemas Hydro
March 30, 2007 (LBO) – A 2.2 MegaWatt mini-hydro plant built by the power division of Hemas Holding would be connected to the national grid in June, an official said. Hemas Power, a fully subsidiary of Hemas Holdings, signed an agreement on Friday with the BOI to invest 223 million rupees in the Giddawa mini […]
‘s finances need fixing: Central Bank
March 30, 2007 (LBO) – Sri Lanka’s central bank called for better government budgets to avoid money printing, changes in badly run state firms, more private sector involvement in infrastructure to reduce further build-ups in government debt, in it annual report Friday. Last year the GDP deflator, the broadest measure of inflation at 10.5 percent […]
Sri Lanka grows by a blistering 7.7 percent in 2006
March 29, 2007 (LBO) – Sri Lanka grew by a blistering 7.7 percent in 2006, which is the highest on record, the country’s statistics office said Thursday. The Department of Census and Statistics said agriculture grew by 6.1 percent, industry by 8.4 percent and services by 7.8 percent. “We are encouraged to see that all […]
India steps up security along southern coast after Tiger air raid
CHENNAI, India, March 29, 2007 (AFP) – India has boosted military security along its southern coast after Sri Lanka’s Tamil Tiger rebels staged their first air attack on a Colombo military base, officials said.The measures include increased navy patrols in the narrow strip of sea dividing India and Sri Lanka and the installation of radar […]
Development Equity
March 27, 2007 (LBO) – The Asian Development Bank (ADB), which is funding the breakwater and dredging of Colombo port’s expansion project, may take an equity stake in one of its container terminals, an official said. The South Port project will see three terminals being built in the first phase. Updated ADB Country Director Richard […]
” by escalating violence in Sri Lanka
UNITED NATIONS, March 27, 2007 (AFP) – UN chief Ban Ki-moon is “disturbed” by the extensive violations of the ceasefire in Sri Lanka and urges the rival sides to resume negotiations without preconditions, his press office said Tuesday. “The secretary general is disturbed by the extensive and escalating violations of the ceasefire,” his office said […]
Sri Lanka sets up hot line to track flying Tigers
March 28, 2007 (AFP) – Sri Lanka Wednesday set up a telephone hot line to receive information about aircraft operated by Tamil Tiger rebels after they staged their first aerial strike against the military. President Mahinda Rajapakse initiated the dedicated telephone number manned by the military as an early warning system about intruding rebel aircraft, […]
Sri Lanka troops capture key Tiger base: military
March 28, 2007 (AFP) – Sri Lankan troops Wednesday captured a key Tamil Tiger rebel stronghold in the island’s embattled eastern region, the military said.Troops took control of Kokkadichcholai in the district of Batticaloa and seized a large haul of arms, ammunition and land mines from the Liberation Tigers of Tamil Eelam (LTTE) base, the […]
‘s commitment: envoy
March 28, 2007 (LBO) – The construction of a new building for the British High Commission (embassy) is a symbol of Britain’s commitment to Sri Lanka, its envoy said in Colombo. The High Commision says the building which is scheduled to open in early 2008, was designed by British architect Richard Murphy, with Sri Lankan […]
South Asia summit to focus on Sri Lanka, regional unrest
NEW DELHI, March 28, 2007 (AFP) – India voiced concern on Wednesday over the first-ever air raid staged by Tamil Tiger rebels and said that next week’s regional summit would focus on escalating violence in Sri Lanka. “We have made it clear to everyone that we are very concerned at the escalated violence in Sri […]
Suicide bombing attack toll climbs to eight
March 27, 2007 (AFP) – Tamil Tiger rebels Tuesday drove a tractor and trailer loaded with explosives on a suicide mission into an army camp in eastern Sri Lanka, killing at least eight people, a day after their spectacular first ever air raid. Ten people were also wounded in the attack on the Chenkaladi army […]