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Sri Lanka signs economic and defence deals with Belarus
Aug 27, 2013 (LBO)- Sri Lanka has signed a series of bilateral deals involving trade, taxation, tourism and defence co-operation following a visit by President Mahinda Rajapaksa to Belarus.Agreements on trade and economic co-operation, avoidance of double taxation and prevention of fiscal evasion, tourism and technical co-operation on military affairs had been signed, the media […]
UN-ESCAP boss at South Asia econ summit in Sri Lanka
Aug 27, 2013 (LBO) – Noeleen Heyzer, executive secretary of the United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) will deliver the keynote address a regional economic forum in Sri Lanka. The 6th South Asia Economic Summit (SAES), will start in Colombo on September 02. The Institute of Policy Studies, a […]
Sri Lanka at helm of South Asia free trade effort
Aug 26, 2013 (LBO) – South Asian nations have to cut negative lists to improve the people’s trade freedoms, a top regional official had said following a ministerial meet in the Island nation.Ahmed Salem, Secretary General of the South Asian Association for Regional Co-operation had said a goal was established at a 2011 regional summit […]
”’ rating confirmed: RAM
Aug 26, 2013 (LBO) – RAM Ratings has cut outlook on a ‘BBB’ rating of Sri Lanka’s Sanasa Development Bank Plc, a micro-financier based on a co-operative concept, to ‘stable’ from ‘positive’. “The revision reflects a trend of weakening asset quality amidst an accretion in non-performing loans (NPLs) as well as the Bank’s moderated performance,” […]
Sri Lanka bond yields steady, money tighter
Aug 26, 2013 (LBO) – Sri Lanka’s bonds opened flat Monday but money markets were tighter after excess liquidity in the interbank market gradually reduced last week, dealers said.Gilt-backed repos were quoted around 8.40/50 percent about and un-backed call money was quoted at 8.70/80 percent about 10/15 basis points higher than last week, dealers said. […]
Not Us
August 25, 2013 (AFP) – Sri Lanka’s army Sunday denied involvement in an armed robbery at the home of a journalist who has been critical of the government.Media rights groups have said Sri Lanka remains a dangerous place for journalists despite the end of a decades-long war between the military and Tamil separatist rebels in […]
Maldivian foreign minister dies in Singapore hospital
COLOMBO, August 25, 2013 (AFP) – Maldivian Foreign Minister Abdul Samad Abdullah died Sunday while undergoing treatment for kidney and heart disease in a Singapore hospital, the government said.He was 67. Abdullah was a key ally of President Mohamed Waheed who is seeking re-election in September 7 elections in the Indian Ocean atoll nation. Waheed […]
‘s visit
COLOMBO, August 26, 2013 (AFP) – Buddhist monks led protests in the Sri Lankan capital Monday against the UN’s top rights official, who began a fact-finding mission to the country following concerns about war crimes.Dozens of monks and pro-government activists staged the noisy demonstration outside UN offices, accusing the international community of drumming up false […]
” in Sri Lanka
COLOMBO, August 25, 2013 (AFP) – The UN’s top rights official began her visit to Sri Lanka Sunday by brushing aside criticism that she overstepped her brief and vowing to raise human rights concerns with Colombo.Navi Pillay, who has previously called for a war crimes investigation against Sri Lanka, said she was only holding it […]
‘s aims high in becoming easier place for business: CB Governor
Aug 26, 2013 (LBO) – Sri Lanka aims to be among the 30 easiest places to do business in the world by 2016 and maintain stable economic conditions comparable to advanced nations, Central Bank Governor Nivard Cabraal said.Sri Lanka which was at one time ranked around 100 in a ease of doing business indicator compiled […]
China firm seeks to investments in power, waste management in Sri Lanka
Aug 26, 2013 (LBO) – Aerospace Long-March International, a Chinese state firm is seeking joint ventures in power and waste disposal, Sri Lanka’s economic development ministry said.The company is already involved in Sri Lanka’s Lotus Tower project. A team led by the firm’s President Guo Zhaoping had met Sri Lanka’s economic development minister Basil Rajapaksa. […]
Century
Aug 25, 2013 (LBO) – Sri Lanka’s Hambantota port has welcomed its 100th roll-on-roll-off car carrier this month when ‘Istra Ace’, a vessel operated by Mitsui OSK Line called at the port.Sri Lanka Ports Authority said it started handling car carriers at the port on June 2012. SLPA chairman Priyath Wickrama said the port has […]