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Sri Lanka faces censure at US rights body
COLOMBO, March 26, 2014 (AFP) – Sri Lanka faces fresh condemnation at the United Nations’ top human rights body this week in a move that observers say could lead to an international criminal investigation for war crimes.A US-led resolution demanding accountability for thousands of deaths of ethnic Tamil civilians five years ago is almost certain […]
Sri Lanka exports up in Jan 2014, trade gap down amid low credit growth
Mar 26, 2014 (LBO) – Sri Lanka’s exports surged 23.3 percent to 898.0 million US dollars in January 2014, and the trade gap narrowed 5.9 percent to 755.9 million US dollars amid low credit growth, official data showed. Industrial exports rose 23.6 percent to 691.6 million US dollars with apparel also up 23.4 percent to […]
”: legislator
Mar 25, 2014 (LBO) – The lack of audited accounts since 2011 for Sri Lanka’s Employees Provident Fund since 2011 is a “national tragedy” which “trampling of the rights of people,” a legislator has charged. Harsha de Silva an opposition United National Party legislator has been pressing for the accounts for the fund, the country’s […]
Sri Lanka stocks close up 0.5-pct
Mar 25, 2014 (LBO) – Sri Lanka’s stocks close 0.52 percent higher with tobacco stocks reversing the losses despite a net foreign outflow, brokers said. NDB Capital Holdings closed 20.00 rupees higher at 530.00 rupees and Ceylinco Insurance closed 129.10 rupees lower at 1,370.70 rupees. Trans Asia Hotels closed 2.90 rupees higher at 80.70 rupees […]
Mobile Money
Mar 25, 2014 (LBO) – Payments through mobile phones have topped 700 million rupees a month, Sri Lanka’s Dialog Axiata said as Etisalat, a competitor tied up to use the service, in what officials said was the world first such partnership.Dialog group chief executive Hans Wijayasuriya said all operators in Sri Lanka had been invited […]
Sri Lanka stocks close down 0.2-pct
Mar 24, 2014 (LBO) – Sri Lanka’s stocks close 0.26 percent lower with tobacco stocks losing ground amid thin foreign involvement, brokers said. Central Finance Company closed 8.80 rupees lower at 180.20 rupees and Ceylinco Insurance closed 109.80 rupees higher at 1,499.80 rupees. DFCC Bank closed 3.70 rupees higher at 144.90 rupees and NDB closed […]
Sri Lanka to curb use of weedicide linked to killer kidney disease: report
Mar 24, 2014 (LBO) – A widely used weedicide linked to a killer kidney disease in Sri Lanka will only be curbed in areas where the disease is prevalent, and there will be no blanket ban, a media report said.Sri Lanka’s Sunday Times newspaper said a decision on a blanket ban has been changed following […]
Consumer Push
Mar 24, 2014 (LBO) – Sri Lanka’s HSBC said it was giving a boost to fashion retailing with 30 top retailers giving credit card discounts and a ‘fashion hawker street’ ahead of upcoming traditional New Year holidays. The ‘HSBC Fashion Festival’ kicks off on March 24 with starting with retailers Arugambay, Abstract, Brands Warehouse, Brands […]
Liberty Call
SINGAPORE, March 24, 2014 (AFP) – Control of the Internet should be handed from US supervision to a diverse group of stakeholders, and not to governments that could limit freedoms, a meeting on the web’s future heard Monday.Organisers also said that a US decision to relinquish control was not the result of any one event […]
India minister asks people to vote twice
NEW DELHI, March 24, 2014 (AFP) – An Indian cabinet minister found himself at the centre of a vote-rigging row Monday, after he asked supporters to vote twice for his party in elections which begin next month.Speaking at a rally on Sunday, Agriculture Minister Sharad Pawar urged voters to wash off the ink which would […]
‘s party set for coalition rule
MALÉ, March 23, 2014 (AFP) – Maldives President Abdulla Yameen’s party is poised to win control of parliament with the support of a key ally, early projections in the Indian Ocean nation showed Sunday. President Yameen’s Progressive Party of Maldives (PPM) was leading in 34 out of the 85 constituencies after Saturday’s polls while his […]
‘s Ceylon Chamber marks 175 years
Mar 24, 2014 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said it was seeking to build a society that thrives on merit and enterprise as it marks 175 years. In 1883 tea auctions had begun in Colombo and in 1898 the Chamber had provided space. The auctions are conducted by the Ceylon Chamber of […]