Tag: Sri Lanka
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Mar 12, 2013 (LBO) – Sri Lanka’s influential Ceylon Chamber of Commerce announced that the cost of halal certification was so “insignificant” that it was not even considered when calculating the cost of production of food sold locally. CCC chief Susantha Ratnayake, who is also the chairman of John Keells Holdings, said the widely used […]
Halal food label withdrawn in Sri Lanka after protests
March 11, 2013 (AFP) – Islamic clerics announced the withdrawal of a halal labelling system for food in Sri Lanka on Monday “in the interests of peace” after protests from Buddhist hardliners on the Indian Ocean island.The All Ceylon Jamiyyathul Ulama (ACJU), Sri Lanka’s main body of Islamic clergy, said the halal certificate issued by […]
Credit Limits
Mar 10, 2013 (LBO) – Sri Lanka’s state-run Ceylon Petroleum Corporation, to which state-run airlines owe 30.9 billion rupees and a petroleum utility 28.3 billion rupees will limit credit to state agencies this year, a media report said.Minister Yapa said the CPC was paying interest to state banks on loans taken to cover unpaid dues […]
Queen urged to boycott Sri Lanka summit over killing
COLOMBO, March 8, 2013 (AFP) – An English politician Friday urged the Queen to boycott the Commonwealth summit in Colombo later this year to protest against Sri Lanka’s failure to prosecute the killers of a British tourist in 2011.International rights groups have said up to 40,000 civilians may have been killed in the final offensive […]
Sri Lanka citizen group calls for halt to anti-Muslim nationalism
Mar 08, 2013 (LBO) – Friday Forum, a Sri Lankan citizen’s group has asked the administration to take steps to stop rising fascist-nationalist actions directed at the island’s Muslim community.“The Friday Forum urges you to act immediately and decisively to counter the increasingly venomous and strident anti-Muslim hate campaign launched by a few extremist groups […]
Sri Lanka war refugees helped by Japan
Mar 06, 2013 (LBO) – More than 98,000 war refugees who have returned to former war zones in northern Sri Lanka will be helped though a 4 million US dollar program funded by Japan.The Japanese embassy in Colombo said the project implemented through the UN Human Settlements Program (UN-Habitat) will benefit 98,120 villagers in Mullaitivu […]
Sri Lanka to continue relaxing exchange controls: CB governor
March 03, 2013 (LBO) – Sri Lanka will continue to liberalise foreign exchange controls to encourage the investments needed to maintain high economic growth, Central bank governor Nivard Cabraal said. “The thinking now is to try to have faster growth for which we need more savings and investment which, if not available in our own […]
Nothing There
Mar 01, 2013 (LBO) – Cairn Lanka (Pvt) Ltd has not found any oil in its fourth exploration well, its parent company said in a stock exchange filing.Cairn India said the well found “thick high quality re servoir sands, which were not hydrocarbon bearing,” and it was plugged and abandoned. The data from the well […]
Sri Lanka to double pay to graduate recruits: report
Feb 28, 2013 (LBO) – Sri Lanka will soon double the pay of around 50,000 unemployable graduates absorbed into state service to 23,000 rupees a month, a media report said.Sri Lanka’s ‘Yes FM’ a radio station, station broadcast economic development minister Basil Rajapaksa as saying in a speech that monthly allowances for the graduate trainees […]
‘s inflation 9.8-pct in February 2013
Feb 28, 2013 (LBO) – Sri Lanka’s consumer prices rose 9.8 percent in February 2013 from a year earlier, with the index rising 0.4 percent during the month, the state statistics office said. Inflation was also 9.8 percent in January. The state statistics office said food and non-alcoholic beverages rose 0.6 percent and non-food items […]
Sri Lanka Treasuries yields flat
Feb 27, 2013 (LBO) – Sri Lanka’s Treasuries yields were flat at Wednesday’s auction with the 3-months with 18.7 billion rupees in bids being accepted from the market after 15.0 billion rupees of maturing bills being offered, the state debt office said.The 3-month yield eased 01 basis point to 9.09 percent, the 6-month yield was […]
Sri Lanka should watch debt, contingent, liabilities: IMF
Feb 26, 2013 (LBO) – Sri Lanka should be careful about mounting external liabilities and reserve adequacy, with national debt already on the “high side” at over 80 percent of gross domestic product, the International Monetary Fund has said.Sri Lanka’s official debt to GDP ratio is expected to climb slightly to 81 percent in 2012 […]