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Sri Lanka lacks evidence based economic debate: WB economist
WASHINGTON, Oct 22, 2007 (LBO) – Sri Lanka needs debate on economic policy centered on real evidence or research instead of extreme posturing based on ideology if the island is to progress, a top development economist said. However up to July 2007 Sri Lanka spent four percent less on oil imports compared to the same […]
Sri Lanka Tigers damage two helicopter gunships in assault
Oct 22, 2007 (LBO) – Sri Lankan Tamil Tiger rebels launched an air and ground assault under cover of darkness on an air force base in the north central Anurahapura region, damaging two helicopter gunships and wounding at least eight troops in the early hours of Monday. The Tigers destroyed or damaged 26 commercial and […]
Brazil slams IMF handling of US credit crisis
WASHINGTON, Oct 20, 2007 (AFP) – Brazilian Finance Minister Guido Mantega slammed the International Monetary Fund Saturday for having been lax in its handling of a US housing-related credit crisis that roiled global markets.“Allow me to point out the irony of this situation,” Mantega told IMF policymakers at the opening of annual meetings here of […]
Capital control curbs will hit overseas flows to India: analysts
MUMBAI, Oct 21, 2007 (AFP) – Overseas fund flows into Indian equities will drop in the coming weeks, triggering near-term uncertainty, amid regulatory moves to restrict record capital flows, analysts say. The Indian regulator Tuesday issued a proposal to curb the use of participatory notes — or P-Notes — which allow overseas investors to buy […]
IMF asks USA to change its ways, calls for tighter watch on securitized paper
WASHINGTON, Oct 20, 2007 (LBO) – The International Monetary Fund named the United States first in a list of countries that were undermining global economic stability and called for tighter regulation of asset-backed securities. . The monetary watchdog’s premier policy making body, the International Monetary and Financial Committee (IMFC), called on the United States to […]
Congolese warlord to appear before ICC Monday
THE HAGUE, Oct 21, 2007 (AFP) – Congolese militia leader Germain Katanga will on Monday become the second person to appear before the International Criminal Court to face accusations of massacring villagers, using child soldiers and sexually enslaving women.In the largely procedural hearing, Katanga, 29, will not be asked to enter a plea on the […]
‘s Atapattu determined to shine
Oct 21, 2007 (AFP) – Sri Lanka’s former captain Marvan Atapattu said Sunday he was determined to prove himself on the upcoming Australian tour after being dramatically picked through political intervention.“I have been out of the game for sometime and I know I have to perform and prove myself because I was invited due to […]
Sri Lanka captain says Murali record bid not a distraction
Oct 21, 2007 (AFP) – Sri Lanka skipper Mahela Jayawardene said on Sunday that winning the Test series in Australia mattered more than ace spinner Muttiah Muralitharan going for the world record. Off-spinner Muralitharan needs just nine more wickets in next month’s two Tests in Australia to break the retired leg-spinner Shane Warne’s world mark […]
Sri Lanka told by terrorism experts no military solution possible
COLOMBO, Oct 21, 2007 (AFP) – Experts on counter terrorism have urged Sri Lanka’s government to capitalise on recent victories against the Tamil Tigers and try to hammer out a political solution to the long-running ethnic war. Earlier this year, government forces managed to eject the ethnic rebels from their last stronghold in the east […]
Sri Lanka says rebels killed in fresh clashes
COLOMBO, Oct 20, 2007 (AFP) – More than a dozen suspected Tamil Tiger rebels were killed in fresh fighting in the island’s embattled north, the defence ministry said Saturday.The military fired at a group of Tamil Tiger rebels who tried to break through the northern defence lines in Mannar on Saturday, killing eight, it said. […]
Sri Lanka could tap new World Bank agriculture aid, better strategy promised
WASHINGTON, Oct 21, 2007 (LBO) – The World Bank is putting up new cash to boost rural agriculture and is promising not to repeat past mistakes that helped sow small holder-based entrenched poverty in countries like Sri Lanka. In the 1980’s Sri Lanka embarked on a sweeping agricultural development drive building massive reservoirs and irrigating […]
Sri Lanka could tap new World Bank agriculture aid, new strategy promised
WASHINGTON, Oct 21, 2007 (LBO) – The World Bank is putting up new money for agriculture development in rural areas but is promising not to repeat past mistakes that sowed small holder-based entrenched poverty in countries like Sri Lanka. In the 1980’s Sri Lanka embarked on a sweeping agricultural development drive building massive reservoirs and […]