All Blogs
US hopes for better relations with Sri Lanka
WASHINGTON, January 18, 2010 (AFP) – Sri Lanka’s upcoming election is raising hopes in the United States for better relations after a chilly spell if the island turns the page on a bloody war that brought international opprobrium. The January 26 election comes months after troops killed the top leadership of the Tamil Tigers, ending […]
Key Bail
Jan 17, 2010 (LBO) – Sri Lanka’s Supreme Court has granted bail to the chief executive and a director of the failed Golden Key Credit Card Company and ordered more asset seizers to repay depositors, a media report said. The Sunday Island newspaper said Kavan Perera, chief executive of Golden Key and Saradha Sumanasekera, director […]
Disaster Relief
LEOGANE, January 16, 2010 (AFP) – A first shipment of UN food aid arrived on Saturday in the ruined Haitian town of Leogane, where street after street of homes and businesses was torn apart by this week’s devastating earthquake. Just 17 kilometres (10 miles) west of the capital Port-au-Prince, Leogane was close to the epicentre […]
Sri Lanka orders tighter security after campaign shootings
January 17, 2010 (AFP) – Sri Lanka’s president ordered police to step up security ahead of presidential elections after a second political activist was shot dead this month, an official said Sunday. The ruling party supporter was killed on Saturday in the north-western Puttalam district where several others were injured when they clashed with opposition […]
‘s Tamils wary of election spotlight
JAFFNA, January 17, 2010 (AFP) – Scarred by decades of war and official indifference, Sri Lanka’s minority Tamils are now being courted as political kingmakers — a shift that many of them view with bitter scepticism. With a presidential election just two weeks away, the two main candidates have been desperately wooing Tamil voters, offering […]
Sri Lanka central bank created high inflation and reduced wealth: economist
Jan 16, 2010 (LBO) – Sri Lanka’s central bank has created average inflation of 11. 0 percent and must take the blame for impoverishing the people, a senior monetary economist and former central banker has said. After Sri Lanka got independence from Britain, the country had registered growth slightly over that of India, but had […]
US, Norway deny funding ouster of Sri Lanka president
January 16, 2010 (AFP) – The United States and Norway on Saturday denied funding Sri Lanka’s main opposition to defeat President Mahinda Rajapakse’s re-election bid later this month. Norway, which was the peace broker until the Rajapakse administration withdrew from a faltering truce and escalated a military campaign against the Tigers early last year, denied […]
Opposition says Sri Lanka lied to UN over heavy weapons
January 15, 2010 (AFP) – Sri Lanka’s opposition Friday accused the government of misleading the UN over the use of heavy weapons during the final stages of fighting against Tamil rebels last year. Sri Lanka’s Tamil community, numbering 12.5 percent of the population, has close cultural and religious links with India’s Tamil Nadu state, which […]
Sri Lanka RAM Ratings get new directors
Jan 15, 2010 (LBO) – Sri Lanka’s RAM Ratings unit said two new directors, Preethi Jayawardena and Liza Mohn Noor have been appointed to its board from January 2010. Jayawardena is a Fellow of the Institute of Chartered Accountants of Sri Lanka, is managing director of Chemanex Plc. , a listed firm, a member of […]
Sri Lankan stocks close 0.7-pct up, hotels gain
Jan 15, 2010 (LBO) – Sri Lankan shares closed up Friday as investors chased after mid cap stock, especially hotels sector, while high interest on conglomerate John Keells (JKH) pushed turnover past 1.5 billion rupees, brokers said. The All Share Price Index closed at 3,563.14, up 0.75 percent (26.43 points) while the Milanka index of […]