Tag: Sri Lanka
Acid attack on Sri Lanka journalist
COLOMBO, Aug 16, 2007 (AFP) – A Tamil reporter suffered burns on his face, arms and back after attackers threw acid at him in Sri Lanka’s capital Thursday in the latest assault on journalists, a rights group said.K.P. Mohan of the Tamil-language Thinakkural daily was attacked as he walked out of Colombo’s main hospital, where […]
Sri Lanka Tamils pressured to stop court cases: rights group
Aug 16, 2007 (AFP) – The government of Sri Lanka is pressuring minority Tamils to withdraw court cases against the authorities for forcibly evicting them from the capital, a rights group said Thursday.The group, the Civil Monitoring Committee, said they suspected pro-government elements had planted a bomb in a low-budget hostel occupied by members of […]
Sri Lanka FM disowns “terrorist” accusation against UN official
August 16, 2007 (LBO) – Sri Lanka’s foreign minister, Rohitha Bogollagama, Thursday disowned a Cabinet colleague’s accusation that a UN official who visited the island recently was a terrorist. He said he was œ¦simply referring factually to the terrible incidents that had taken place and the need to step up even further all our efforts […]
Crack Spread
August 16, 2007 (LBO) – The Ceylon Petroleum Corporation which runs Sri Lanka’s only refinery has hedged the crack margin of a portion of its diesel and kerosene output in a deal with the Standard Chartered Bank, an official said. CPC is also planning to expand its refinery capacity by going for an 800 million […]
Sri Lanka trade deficit narrows in first half 2007, oil imports down
August 16, 2007 (LBO) – Sri Lanka’s trade deficit has narrowed 12 percent and oil imports had fallen 8 percent in the first half of 2007, the central bank said. Exports had grown 12.9 percent to 3.56 billion dollars while imports grew only 3.9 percent narrowing the trade deficit from 1.79 billion dollars to 1.58 […]
”
Aug 15, 2007 (AFP) – A Sri Lankan minister Wednesday described a top UN official as a “terrorist” after accusing him of supporting the country’s separatist Tamil Tiger guerrillas.Highways Minister Jeyaraj Fernandopulle said John Holmes, the UN undersecretary general for humanitarian affairs, who ended a four-day tour of Sri Lanka last week, was helping the […]
” as rupee tumbles
August 15, 2007 (LBO) – Sri Lanka’s forex markets are defying fundamental economic principles with bids creeping above offer prices in what analysts see as the latest in a series of perversions that have hit financial markets in the country. Sri Lank is now floating a 500 million dollar international sovereign bond to ease pressure […]
” in Sri Lanka
Aug 14, 2007 (AFP) – Hundreds of people disappeared in Sri Lanka in the past year and more than 5,700 such cases from the past three decades were under UN review, rights group Amnesty International said Tuesday. Since 2006, hundreds of people have reportedly been abducted by the security forces or armed groups in areas […]
Swapping Risk
August 14, 2007 (LBO) – The Ceylon Petroleum Corporation (CPC), Sri Lanka’s state-owned petroleum firm has used a leveraged swap to hedge a small part of its oil imports during the past month with good results so far, officials said. Diesel spot prices had moved to around 84 dollars a barrel. CPC is held back […]
Sri Lanka central bank pours oil on troubled forex markets
August 14, 2007 (LBO) – Sri Lanka’s central bank sought to calm the country’s forex markets in its August monetary policy statement as the rupee came under increasing pressure and inflation spiked up. The rupee hit a life low Monday moving down to 112.00 to the dollar, despite intervention from official quarters. The central bank […]
Sri Lankan businesses seek to penetrate booming Middle East markets
August 14, 2007 (LBO) – A Sri Lankan business delegation is to visit the Middle East next month seeking to penetrate the markets in three oil exporting countries whose economies are booming because of high petroleum prices. The visit, organised by the trade fair unit of the Ceylon Chamber of Commerce (CCC), will cover Saudi […]
Economists slam the real culprits behind subprime debacle
FRANKFURT, Aug 14, 2007 (AFP) – By injecting billions into the money markets in the wake of fears about the US housing market, central banks are reaping what they have sown after years of low interest rates, analysts said Tuesday.IKB’s main shareholder, the German state-owned KfW bank, came to the rescue by providing an 8.1-billion-euro […]