Author: lbostgadmin
UN calls for Sri Lanka probe into rights abuse charges
September 19, 2009 (AFP) – A top UN official issued a strong call for “truth-seeking” into alleged excesses by security forces during the crushing of Tamil rebels as he ended a visit to Sri Lanka, a UN statement said Saturday. The UN has said that up to 7,000 civilians may have perished in the first […]
Sri Lanka thieves hot on spices
Sept 18, 2009 (LBO) – Theft of spices from Sri Lankan gardens is a serious problem that could kill the trade, the new head of the island’s spice traders association has said. The global demand for spices will continue to increase because of growing awareness that consumption of spices contribute to good health, he said. […]
Sri Lanka to use monetary policy tool mix to target inflation: CB official
Sept 19, 2009 (LBO) – Sri Lanka was ready to change intermediate targets or vary its policy tools dynamically to keep inflation low, a senior central banker said, though the final inflation target is as yet somewhat loosely defined.Sri Lanka’s central bank has a loosely defined inflation target of “single digit”.In 2007 and 2008 Sri […]
Sri Lanka exports fall 18.9-pct, imports 35.3-pct to July
Sept 18, 2009 (LBO) – Sri Lanka exports fell 18.9 percent in the 7-months to July while imports fell 35.3 percent as a trade contraction continued, while the trade deficit narrowed 6.5 percent to 1,883 million US dollars. In July exports fell 23.1 percent to 652.2 million compared with exceptionally high growth recorded last year, […]
Sri Lanka pressed by UN to free war-displaced
September 18, 2009 (AFP) – A top UN official was due to wrap up a three-day visit to Sri Lanka on Friday after pressing the authorities to free tens of thousands of war-displaced civilians held in internment camps. UN Under Secretary General for Political Affairs Lynn Pascoe is scheduled to meet with President Mahinda Rajapakse […]
Sri Lanka sets January deadline to settle war-displaced
September 18, 2009 (AFP) – Sri Lankan President Mahinda Rajapakse promised the United Nations on Friday that he will resettle all war-displaced civilians by January, his office said. Rajapakse made the pledge during talks with the UN undersecretary-general for political affairs Lynn Pascoe, who is here to follow up on Colombo’s previous pledge to return […]
Cricket: Sri Lanka skipper Sangakkara hails bowlers
JOHANNESBURG, September 17, 2009 (AFP) – Sri Lanka skipper Kumar Sangakkara hailed his bowlers Thursday ahead of the ICC 2009 Champions Trophy in South Africa.“We are confident although our recent wins are not going to count for anything. All the teams here are professional units and whether they played recently or not won’t matter.” The […]
Sri Lanka power IPO draws over Rs1.6bn
Sept 18, 2009 (LBO) – An initial public offering for 31.3 million shares by Sri Lanka’s Hemas Power has attracted applications worth over 1.68 billion rupees, the company representatives said in a stock exchange filing. A total of 5,000 valid applications for over 84.2 million shares were received, SSP Corporate Services, secretaries to the issue, […]
Tele Chase
NEW DELHI, Sept 18 (Asia Pulse) – Luxembourg-based Millicom has rejected Indian telecom PSU BSNL’s bid to acquire its operations in Sri Lanka, but India’s largest private mobile operator Bharti Airtel has entered the ring. Bharti Airtel, which is in talks with South African telecom firm MTN for a possible deal to create a US$23 […]
Public Debate
Sept 18, 2009 (LBO) – The 28th LBR-LBO chief executive forum debated the economic impact of public interest litigation, with a four member panel made up of legal and private sector representatives. Presentations were made by Rohan Samarajiva, head of LirneAsia, a think tank and a former telecom regulator, Preethi Jayawardena chief executive of Chemanex, […]
Disputed Justice
Sept 18, 2009 (LBO) – Sri Lanka’s private sector should have been more forceful in challenging a chief judge seen as brilliant but dominating whose judgments raised questions about the process of public interest litigation, a public forum was told. Affected businesses could have asked for immediate reviews of what they considered bad decisions of […]
Economic Impact
Sep 18, 2009 (LBO) – The 28th LBR-LBO chief executive forum debated the economic impact of public interest litigation, with a four member panel made up of legal and private sector representatives. Had the Business Chambers followed the above strategy, which in fact was suggested to them, they and their members could have minimized the […]