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Cyber Warfare
May 14, 2009 (LBO) – Sri Lanka’s information technology (IT) security market is poised to grow given rising computer use among business and government, online transactions and number of broadband subscribers, a new study says. Some of the key areas like the evolving role of the Chief Information Security Officer, enterprise best practices in security […]
Sri Lanka Tamil Tigers using phosphorus to halt final attack: military
May 14, 2009 (AFP) – The Sri Lankan military on Thursday accused Tamil Tigers of using phosphorus bombs as part of their last-ditch attempt to face off against a massive onslaught by government troops.A military statement said the once-powerful rebel force, now surrounded in a four square kilometre (1.5 square mile) patch of jungle on […]
Sri Lanka rejects pressure over war: minister
May 14, 2009 (AFP) – Sri Lanka’s government on Thursday rejected international calls for a halt to the war against Tamil Tiger rebels, hours after the UN Security Council called for civilian lives to be spared.“We are not going to succumb to international pressure to stop the offensive,” Media Minister Lakshman Yapa Abeywardena told reporters. […]
Obama asks Tamil Tigers to surrender
May 14, 2009 (LBO) – US President Barack Obama has called on Tamil Tigers to lay down their arms and the the Sri Lankan government to take greater care to ensure the safety of civilians caught in the conflict.“Going forward, Sri Lanka must seek a peace that is secure and lasting, and grounded in respect […]
UN urges protection of civilians in strife-torn Sri Lanka
UNITED NATIONS, May 13, 2009 (AFP) – The UN Security Council on Wednesday urged the warring sides in Sri Lanka to ensure the safety of civilians, voicing “grave concern’ at the “worsening humanitarian crisis” there.It unanimously adopted a non-binding statement that expressed “grave concern over the worsening humanitarian crisis in northeast Sri Lanka, in particular […]
Sri Lanka Janashakthi on negative rating watch
May 14, 2009 (LBO) – The ‘BBB+’ claims-paying-ability rating of Sri Lanka’s Janashakthi Insurance has been put on watch with a negative outlook following the suspension of its license by the regulator, Ram Rating Lanka said. A ‘positive’ outlook indicates that a rating may be raised while a ‘negative’ outlook indicates that a rating may […]
Sri Lankan youth in former war zone get US training
May 14, 2009 (LBO) – The US Agency for International Development (USAID) said it is providing training scholarships to 500 young people from Sri Lanka’s north and east which is recovering from decades of war.The scholarships are given through the agency’s Unlimited Potential Partnership program (UPP) which currently provides workforce training programs in three key […]
Sri Lanka working on alternatives to IMF money: CB Governor
May 14, 2009 (LBO) – Sri Lanka is working on a back-up plan with other countries to boost foreign reserves in addition to an International Monetary Fund (IMF) loan, Central Bank governor Nivard Cabraal said.“All of us must have a plan A, plan B, plan C and plan D if possible and we are working […]
Sri Lanka central bank “deeply distressed”‘s IMF remarks
May 14, 2009 (LBO) – Sri Lanka’s central bank said it was “deeply distressed” over doubts raised by Britain’s foreign minister about the use of money from an expected International Monetary Fund loan. IMF money goes into the balance sheet of the central bank, which is a separate entity from the finance ministry. Through the […]
Sri Lanka central bank sees room for rate cuts
May 13, 2009 (LBO) – Sri Lanka’s central bank Governor Ajith Nivard Cabraal said there was more room to cut rates and hinted that the monetary authority may return to a single signal policy rate.So far this year the monetary authority has cut its de facto main signal rate, the penal reverse repo rate, from […]