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UN rights council launches Sri Lanka war crimes probe
GENEVA, March 27, 2014 (AFP) – The UN Human Rights Council on Thursday launched an inquiry into alleged war crimes in Sri Lanka, despite Colombo’s fierce efforts to block an investigation.But they question the credibility of his efforts to come clean on the past and to stem what they say are ongoing rights violations. “The […]
Sri Lanka rejects UN rights probe, president tells AFP
COLOMBO, March 27, 2014 (AFP) – Sri Lankan President Mahinda Rajapakse rejected Thursday’s UN Human Rights Council resolution ordering a war crimes probe, telling AFP that he would instead press ahead with his own reconciliation plan.“We reject this,” Rajapakse said. “This resolution only hurts our reconciliation efforts.It does not help. “But I am not discouraged. […]
India explains abstention on Sri Lanka UN HR council vote
Mar 27, 2013 (LBO) – India abstained on voting on a resolution on Sri Lanka’s human rights which called for a external probe. The full statement is reproduced below:- India’s Explanation of Vote on Resolution œPromoting Reconciliation, Accountability, and Human Rights in Sri Lanka (A/HRC/25/L.1/Rev.1) Mr. President, 1. The UN Human Rights Council has adopted […]
US statement on Sri Lanka HR council vote
Mar 27, (LBO) – The following is a statement from US Secretary of State John Kerry on UN resolution on Sri Lanka. The Sri Lankan people are resilient. They have demonstrated grit and determination through years of war. Now, they are demanding democracy and prosperity in years of peace. They deserve that chance. The United […]
Sri Lanka can improve environment to retain talent and boost skills: biz leaders
Mar 26, 2014 (LBO) – Sri Lanka could retain more highly skilled workers by boosting overall conditions and well as re-orienting its education system towards the needs of the market, senior business leaders said.He said people who had moved abroad would come back if conditions if education and health system quality was better. “But the […]
Sri Lanka Treasuries yields steady
Mar 26, 2014 (LBO) – Sri Lanka’s Treasuries yield were steady at Wednesday’s auction with the 3-month yield falling 01 basis points to 6.65 percent, data from the state debt office showed. The debt office offered 10 billion rupees of maturing debt to the market and only accepted bids worth 8.2 billion rupees from the […]
Sri Lanka stocks close flat
Mar 26, 2014 (LBO) – Sri Lanka’s stocks close flat Wednesday with some index heavy stocks losing ground, brokers said. Ceylon Tobacco Company closed 14.90 rupees lower at 1,083.00 rupees and Carson Cumberbatch closed 9.60 rupees lower at 360.00 rupees. Bukit Darah closed 24.80 rupees higher at 587.00 rupees and Nestle Lanka closed 19.20 rupees […]
Sri Lanka monk demands capture of wild elephants for temples
COLOMBO, March 26, 2014 (AFP) – A Sri Lankan Buddhist monk led a procession of elephants Wednesday, demanding authorities capture wild pachyderms from the jungle to boost the dwindling number of the animals in temples.Asian elephant expert Jayantha Jayewardene noted many Sri Lankans wanted to own elephants as a symbol of wealth. “It is prestige. […]
‘s Janashakthi Insurance ready for splitting, RBC regime
Mar 26, 2014 (LBO) – Sri Lanka’s Janashakthi Insurance was ready to split its life and general businesses, later list the second unit and also move to a risk based capital regime (RBC), an official said.Managing Director Prakash Schaffter said the businesses will be split later this year. The existing listed Janashakthi Insurance will be […]
” rating confirmed
Mar 26, 2014 (LBO) – Fitch Ratings has confirmed a ‘BB” issuer financial strength rating of Sri Lanka Insurance Corporation with a stable outlook. Fitch said it had a franchise built up since 1961 and an asset base of over 140 billion rupees. It was the market leader in non-life insurance taking 23 percent of […]