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Sri Lanka slammed by media groups over murdered editor
January 8, 2010 (AFP) – International media rights groups criticised Sri Lanka on Friday for failing to identify the assassins of a top anti-establishment editor who was killed exactly a year ago. The Paris-based RSF (Reporters Without Borders) said the authorities had failed to make any headway in solving the killing of Lasantha Wickrematunge, the […]
Sri Lankan execution video authentic says UN envoy
UNITED NATIONS, January 7, 2010 (AFP) – A UN envoy concluded Thursday that video footage allegedly showing Sri Lankan troops executing Tamil Tiger rebels last year was authentic and urged Colombo to accept an impartial probe. The video, aired on Britain’s Channel 4 in August, “is authentic,” Philip Alston, the UN special rapporteur on extrajudicial, […]
Sri Lanka to export hi-tech sail cloth made by German firm: official
Jan 08, 2010 (LBO) – Sri Lanka will start exporting advanced technology sailcloth for yachts from a factory opened Friday by Dimension Polyant, a German firm, an official said. The firm says it uses technologies developed in aerospace and automotive industries to turn out sailcloth used in sails for racing yachts as well as other […]
Sri Lanka long term Treasuries holders can earn fee income: CB Governor
Jan 07, 2009 (LBO) – Sri Lanka’s central bank will borrow Treasuries from long term fund for money market operations, giving pension and insurance firms a chance to make more fee income, Governor Nivard Cabraal said. By late 2009 the Central Bank ran out of Treasury bills, though the stock rose during December towards 30 […]
Sri Lanka stocks fall on profit-taking
Jan 07, 2010 (LBO) – Sri Lankan shares ended slightly lower Thursday as profit taking interrupted the steady rise in the bourse which was Asia’s best performing last year, brokers and analysts said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price Index closed […]
Sri Lanka December tourist arrivals up 16-pct, annual up 2-pct
Jan 07, 2010 (LBO) – Sri Lanka’s December tourist arrivals rose 16.2 percent to 56,862 from a year earlier as travel warnings were removed while annual visitors grew 2.1 percent to 447,890, tourist promotion office data showed. India retained its position as the top market for generating visitors last year, with the UK remaining in […]
‘s father dies in custody: official
January 7, 2010 (AFP) – The elderly father of Sri Lanka’s slain Tamil rebel chief Velupillai Prabhakaran has died in military custody, officials said Thursday. Thiruvenkadam Velupillai, believed to be in his early 80s, died on Wednesday at an army base outside Colombo, a military official said, adding that he had been in “protective custody” […]
Sri Lanka presidential challenger vows press freedom
January 7, 2010 (AFP) – Sri Lanka’s former army chief on Thursday launched his manifesto for the January 26 presidential elections, promising greater press freedom and a battle against rampant corruption. Sarath Fonseka, 59, the main opposition challenger to President Mahinda Rajapakse, said he would scrap the press council which is empowered to shut down […]
Sri Lanka refugees gets emergency help
June 09, 2010 (LBO) – A refugee resettlement program backed by a 65 million US dollar World Bank emergency credit will begin this month, reaching over 100,000 people in Sri Lanka’s north, the government said. But the government has now re-settled most of them. “The project is to support for re-settlement and the re-establishment of […]
Sri Lanka private citizen pension fund promised real returns
Jan 07, 2009 (LBO) – Sri Lanka’s largest state-managed pension fund, made out of forced savings of private citizens, will be given returns above inflation an official said, amid rising concerns over real losses made in recent years. “We will establish a sound risk-return profile to establish a positive real rate of return over the […]