Tag: Sri Lanka
Diesel Move
Jan 17, 2007 (LBO) – Sri Lanka’s state-owned Ceylon Petroleum Corporation (CPC) has struck a deal with Trafigura, a petro firm in Singapore, to get up to 500 million dollars of supplier’s credit for diesel, a top official said. Trafigura will give CPC 6-months of supplier’s credit at London Interbank Offered Rate plus 1.6 percent, […]
Sri Lanka policy rates unchanged, but tight stance promised
Jan 17, 2007 (LBO) — Sri Lanka’s central bank kept its main discount rate to banks unchanged at 12.00 percent but promised tight monetary policy ahead based on a quantity targeting framework unveiled earlier in January. “The targeted growth in reserve money, which will be maintained on a daily average basis, will ensure strict maintenance […]
Sri Lanka should be mindful of impact on poor from new inflation index: CEPA
Jan 17, 2007 (LBO) – A controversy over a new price index in Sri Lanka may have erupted partly because it came at time of high inflation, but the index shows the same trend as earlier ones, an organization focusing on poverty has said.“However, it is vital to remember that inflation hurts the poor first […]
Hi Tech
Jan 16, 2008 (LBO) — Sri Lanka’s downstream petroleum sector is moving to SAP enterprise resources planning software, which will be implemented by the Indian Oil Corporation, officials said.The 350 million Sri Lanka rupee project will see Ceylon Petroleum Storage Terminals Ltd (CPSTL), a common user facility, running the software, with Ceylon Petroleum Corporation (CPC) […]
Sri Lanka trade gap up in November
Jan 16, 2007 (LBO) — Sri Lanka’s trade gap widened 66 percent in November 2007 to 418 million dollars as exports dipped, but the deficit for the first 11 months was flat, the Central Bank said. Exports in November fell 5.1 percent with industrial exports dipping 13.8 percent. “This decline in export earnings could be […]
Sri Lanka passenger bus caught in blast: military
Jan 16, 2007 (LBO) — A public passenger bus has been caught in a blast Wednesday morning in Sri Lanka’s Moneragala district, the defence ministry said as a ceasefire with the Tamil Tigers officially drew to a close.A ceasefire with the Tamil Tigers struck in 2002 officially ends today after the Sri Lanka gave notice […]
Sri Lanka bus bombing kills at least 20
Jan 16, 2008 (AFP) – Twenty people were killed and many others injured Wednesday in a suspected Tamil Tiger bomb attack on a crowded bus in southwest Sri Lanka, as a ceasefire with the Tigers officially drew to a close, officials said.“At least 20 people have been killed and several are injured.It was a state-run […]
Sri Lanka Tigers kill 26 civilians in bus attack
Jan 16, 2007 (LBO) – A roadside bomb killed 26 people traveling in a bus in southeastern Sri Lanka while three soldiers were injured from a second bomb targeting a military vehicle Wednesday as a truce with Tamil Tigers officially ended, police said Civilians wounded in the attack on the bus which was packed with […]
Sri Lanka terror attacks on civilians condemned
Jan 16, 2008 (LBO) – Tamil Tiger attacks which killed at least 28 civilians in south-eastern Sri Lanka Wednesday were condemned by the government as well as the United States. Sri Lankan President Mahinda Rajapaksa, in a statement, condemned the attacks and called on the people to be vigilant “in the face of provocation by […]
Japan aid to Sri Lanka under review after truce break
Jan 15, 2008 (LBO) – Sri Lanka’s largest donor Japan said it was awaiting a political solution to the island’s internal conflict and was reviewing its aid policy after the island’s government pulled out of a truce with the Tamil Tigers. . Japan’s special envoy to the war-ravaged island said his government was gravely concerned […]
Sri Lanka peace groups get World Bank grants
Jan 15, 2008 (LBO) – The World Bank is giving funds to Sri Lankan civil society organizations for projects that will focus on bringing about a sustainable peace. The bank said in a statement its Civil Society Fund, formerly the Small Grants Program, plans to award seven grants of up to $5,000 (about Rs. 500,000) […]
Japan peace envoy in peace amidst intense fighting
COLOMBO, Jan 14, 2008 (AFP) – A Japanese peace envoy began a second day of talks with Sri Lankan leaders Monday as the world community stepped up pressure over Colombo’s decision to abandon a truce with the Tamil Tiger rebels. The talks began as government warplanes bombed suspected rebel intelligence hideouts and fighting raged in […]