Author: LBO
Scores rounded up as Sri Lanka hunts minister’s assassins
Sri Lanka has rounded up scores of potential suspects during a massive hunt for Tamil Tiger rebels suspected of gunning down the foreign minister in an attack that has strained an already shaky ceasefire.Sri Lanka has rounded up scores of potential suspects during a massive hunt for Tamil Tiger rebels suspected of gunning down the […]
Sri Lanka’s Foreign Minister Kadirgamar assassinated
Sri Lanka’s Foreign Minister Lakshman Kadirgamar was assassinated on Friday night by unidentified snipers in the capital, the military and hospital sources said.Sri Lanka’s Foreign Minister Lakshman Kadirgamar was assassinated on Friday night by unidentified snipers in the capital, the military and hospital sources said. Kadirgamar, 73, was hit by several bullets in the head […]
Sri Lanka’s Foreign Minister Kadirgamar dead after sniper attack: hospital
Sri Lanka’s Foreign Minister Lakshman Kadirgamar has died in hospital after being shot by a sniper in the capital, hospital spokeswoman Pushpa Soysa told AFP.Sri Lanka’s Foreign Minister Lakshman Kadirgamar has died in hospital after being shot by a sniper in the capital, hospital spokeswoman Pushpa Soysa told AFP. He was pronounced dead after four […]
Galloping taxes fail to rein Sri Lanka’s thirst for wheels
Galloping taxes on imported vehicles and higher fuel costs have failed to curb Sri Lanka’s thirst for new wheels, industry watchers said Friday. Galloping taxes on imported vehicles and higher fuel costs have failed to curb Sri Lanka’s thirst for new wheels, industry watchers said Friday. The car industry was hit by a tsunami after […]
Curfew in Sri Lanka’s northern Jaffna after top policeman killed
Security was stepped up and a curfew imposed in Sri Lanka’s northern Jaffna peninsula following the murder of a senior police officer and a sharp rise of tension in the area, the military said.Security was stepped up and a curfew imposed in Sri Lanka’s northern Jaffna peninsula following the murder of a senior police officer […]
Sri Lankan policeman killed by mob after barber’s death
A senior police officer was murdered by a mob in northern Sri Lanka Thursday after a barber giving a hair cut was accidentally shot dead, police chief Chandra Fernando said.A senior police officer was murdered by a mob in northern Sri Lanka Thursday after a barber giving a hair cut was accidentally shot dead, police […]
Plug ‘N Play
Suntel Ltd., a unit of Sweden’s Overseas Telecom AB, has launched a pre-paid fixed line service with an eye to tap the low and middle income segments, officials said Tuesday.Suntel Ltd., a unit of Sweden’s Overseas Telecom AB, has launched a pre-paid fixed line service with an eye to tap the low and middle income […]
It’s Here
Sri Lanka on Tuesday signed up for over € 60 million worth of financial help from the German government for post-tsunami reconstruction work, the Finance Ministry said.The package includes a € 49 million (Rs. 5.9 billion) grant for post-tsunami rehabilitation and € 13 million (Rs.1.6 billion) due this year as debt repayments from Sri Lanka […]
Tsunami aid gives Sri Lanka’s balance of payments a boost
The flood of aid, private remittances and debt relief since Dec. 26 tsunami disaster, has hoisted Sri Lanka’s balance of payments into the black for the first six months of this year, the Central Bank said Monday. The flood of aid, private remittances and debt relief since Dec. 26 tsunami disaster, has hoisted Sri Lanka’s […]
Seylan Bank’s Rs. 1 bn debenture gets BBB+ (sri) rating
Seylan Bank has picked up a BBB+ (sri) rating for its upcoming five year billion rupee debenture from Fitch Ratings Lanka. Seylan Bank has picked up a BBB+ (sri) rating for its upcoming five year billion rupee debenture from Fitch Ratings Lanka. The bank is issuing unsecured subordinated debt to meet beef up its capital. […]
The ‘Red’ Tape
A fishing community in Kirinda, in Southern Sri Lanka, could lose their livelihood as their harbor is filling up with sand brought in by the tides. A fishing community in Kirinda, in Southern Sri Lanka, could lose their livelihood as their harbor is filling up with sand brought in by the tides. A dredger that […]
VAT’s the Fuss?
Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said.Sri Lanka’s cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, officials said. […]