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US worried on Sri Lanka rights probe: WikiLeaks
WASHINGTON, December 1, 2010 (AFP) – The United States questioned if Sri Lanka would thoroughly probe war crimes allegations as the accusations involve President Mahinda Rajapakse and other top leaders, WikiLeaks said Wednesday. The controversial website, citing one of thousands of diplomatic cables it obtained, said US Ambassador Patricia Butenis saw some progress in Sri […]
Sri Lankan president regrets Oxford Union cancelling talk
December 1, 2010 (AFP) – Sri Lanka’s President expressed regret after the Oxford Union cancelled a scheduled speech by him amid security concerns, his office said in a statement Wednesday. Rajapakse had travelled to London on Tuesday ahead of an address to the prestigious Oxford Union on Thursday, but the organisers said security considerations forced […]
Sri Lanka may use extra forex reserves in Exim bank: CB Governor
Dec 02, 2010 (LBO) – Sri Lanka may use extra foreign reserves in a proposed export import bank to be set up next year to finance exporters and contractors, Central Bank Governor Nivard Cabraal said. China transferred a part of its foreign reserves to a forex management agency after issuing Treasury bills to its central […]
Sri Lanka Treasuries yields steady
Dec 01, 2010 (LBO) – Sri Lanka’s Treasury bill yields were steady across maturities at Wednesday’s auction with 11. 0 billion rupees in bonds being sold to real buyers, the government’s debt office said. The government sold 2.0 billion rupees in 3-month bills, 4. 0 billion rupess in 6-month bills and 5. 0 billion rupees […]
Sri Lanka stocks end up 1.9-pct
Dec 01, 2010 (LBO) – Sri Lankan stocks ended higher Wednesday, on the back of Tuesday’s gains, after the regulator gave more time for brokers to clear credit given to clients, brokers said. The All Share Price Index closed at 6,559. 89, up 1.94 percent (125.04 points) while the more liquid Milanka index rose 1.75 […]
Sri Lanka gets 30 proposals for reservoir tourism: minister
Dec 01, 2010 (LBO) – Thirty parties have responded to a call for proposals to operate boat and leisure services at major reservoirs in Sri Lanka, irrigation minister Nimal Siripala de Silva said. Once the proposals are accepted the government was planning to kick off the services in January starting with the Victoria and Polgolla […]
Tech Tour
Dec 01, 2010 (LBO) – Computer students from Sri Lanka’s northern Jaffna University an area that was caught up in a three decade war has visited software and outsourcing firms in the island’s capital, for the first time in 20 years. Two lecturers had also accompanied the students. One lecturer had said that it was […]
Sri Lanka water minister to clamp down on mini-hydros: report
Dec 01, 2010 (LBO) – Sri Lanka’s irrigation ministry is planning to restrict future hydro power development on small river systems in the country in a bid to address environmental concerns, a media report said. Most of the best locations involving high rainfall and low capital costs have already been developed. Mini-hydro are cheaper than […]
Sri Lanka property project resumed by Shing Kwan
Dec 01, 2010 (LBO) – The Singapore-based Shing Kwan group has re-activated its big Havelock City residential and commercial property project in Sri Lanka with plans to build 800 more apartments, its chairman S P Tao said. “The nature and scale of development would be similar to those in Hong Kong and Singapore,” Tao said. […]
Sri Lanka exports up 16.7-pct in September, trade gap widens
Dec 01, 2010 (LBO) – Sri Lanka’s exports rose 16.7 percent to 662.9 million US dollars in September 2010, helped by higher commodity prices and a surge in apparel exports while imports grew at a faster 35.9 percent widening the trade gap, Central Bank data showed. “While earnings from garment exports to the EU increased […]
Sri Lanka Tiger hideout turned into elephant sanctuary
November 30, 2010 (AFP) – Sri Lanka is to turn a vast jungle area that was a base for the separatist Tamil Tiger rebels into a wildlife sanctuary, 18 months after the end of island’s bloody civil war, the government said Tuesday. The jungles of Mullaittivu, from where the rebels launched attacks for decades until […]
Quake south of Sri Lanka, Maldives
November 30, 2010 (AFP) – A 5.6-magnitude earthquake struck the South Indian Ocean on Wednesday, the US Geological Survey said, although there were no immediate reports of damage and there was no tsunami warning in effect. The quake hit at a shallow depth of 15. 3 kilometres (9.5 miles) at 02:19 local time (21:19 GMT […]