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Sri Lanka against UN sending probe report to rights body
GENEVA, September 12, 2011 (AFP) – Sri Lanka on Monday took issue with a planned UN move to forward a damning report on the country to the Human Rights Council, complaining that Colombo was not notified about the action. Sri Lanka Minister of Plantation Industries Mahinda Samarasinghe claimed that at a briefing on September 9 […]
US envoy in Sri Lanka as UN rights meet starts
September 12, 2011 (AFP) – US Assistant Secretary of State Robert Blake arrived in Colombo Monday for talks that coincide with a UN meeting in Geneva that is set to discuss alleged war crimes during Sri Lanka’s ethnic conflict. Blake, the top US diplomat for South and Central Asia, would raise the allegations with all […]
Sri Lanka sugar firm raises capital
Sept 11, 2011 (LBO) – Sri Lanka’s Pelwatte Sugar Industries, which produces sugar and alcohol has made a 306 million cash call to fix its finances by selling one share for every four held by current shareholders. The firm said in a stock exchange filing that it had a stated capital of 679 million rupees […]
Boat People
Sept 11, 2011 (LBO) – Sri Lanka has arrested a fishing vessel with 40 people suspected to be illegal migrants headed for Australia, an official said. Sri Lanka navy has stepped up naval patrols and strengthened its presence along the island’s coast to combat piracy and illegal immigration. “The boat was arrested off the island’s […]
Sri Lanka Daya Apparel to open factories in east
Sept 11, 2011 (LBO) – Sri Lanka’s Daya Apparel Export is setting up three factories in eastern Amparai district, part of the former war zone, with 20 production lines capable of exporting over 2. 4 million pieces of apparel a year. “The project will emphasize equitable employment opportunities for both women and men. ” The […]
Frozen ATPL
Sept 10, 2011 (LBO) – Sri Lanka’s Gateway Graduate School, is in talks with a UK based university to offer an air travel degree with pilot training targeting international students, an official said. The school is plans to offer a B. A Honors degree with a commerical pilots license. “Airlines are starting to ask for […]
NASA launches twin satellites to map inner Moon
WASHINGTON, September 10, 2011 (AFP) – NASA on Saturday launched a 0 million pair of washing-machine-sized satellites on a mission to map the Moon’s inner core for the first time. The twin spacecraft took off from Cape Canaveral Air Force Station in Florida on a three-month journey to the Moon at 9:08 am (1308 GMT) […]
‘s Maldives unit in IPO
Sept 10, 2011 (LBO) – Sri Lanka’s Amana Takaful, an insurer operating on Shariah islamic finance rules said its unit in the Maldives selling 800,000 shares to raise 16 million rufiyaa in an initial public offer. The offer would open on September 20. The firm would sell the shares at 20 rufiyaa each. Amana Takaful […]
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September 10, 2011 (AFP) – Sri Lanka said Saturday that Amnesty International comments on the island’s probe into its military victory over Tamil rebels, were an “interference” in the country’s sovereignty. Amnesty International on Wednesday said Sri Lanka’s inquiry panel was “flawed at every level” and no substitute for an international war crimes investigation. The […]
Sri Lanka rupee policy “appropriate”: Central Bank
Sept 09, 2011 (LBO) – Sri Lanka’s central bank said its exchange rate policy on the rupee is “appropriate” amid sustained pressure on the currency which has required steady interventions in forex markets to keep a peg to the US dollar. The Central Bank said recent reserve sales were to offset higher oil imports and […]