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EU expresses regret as Sri Lanka avoids war crimes probe
BRUSSELS, May 28, 2009 (AFP) – The European Union expressed regret Thursday at the failure to launch a probe into alleged war crimes committed by the Sri Lankan military during its offensive against Tamil Tiger rebels.On Wednesday, the UN Human Rights Council adopted a resolution proposed by Sri Lanka and non-aligned states that welcomed Colombo’s […]
UN rights chief, campaigners press for Sri Lanka probe
GENEVA, May 28, 2009 (AFP) – The UN human rights chief and campaign groups insisted Thursday that an independent probe should be held into violations in Sri Lanka although the UN’s top rights assembly turned down such calls UN High Commissioner for Human Rights Navi Pillay maintained her demand for an investigation into abuses allegedly […]
Sri Lanka avoids war crimes probe, slams West
May 28, 2009 (AFP) – Sri Lanka celebrated a major diplomatic victory Thursday after managing to torpedo Western demands for a probe into alleged war crimes committed during the offensive against Tamil Tiger rebels. A little more than a week after government troops defeated the separatist army, the island’s diplomats managed to lobby Asian support […]
Obama names US ambassadors to Sri Lanka, Japan, India
WASHINGTON, May 28, 2009 (AFP) – President Barack Obama on Wednesday named US ambassadors to Japan, India and Sri Lanka, amid heightened tension in Asia over North Korea’s nuclear tests, unrest in Pakistan and ethnic tension in Sri Lanka. Obama named longtime technology-focused lawyer John Roos as US ambassador to Japan, and named Democratic former […]
Sri Lanka shares firmer
May 27, 2009 (LBO) – Sri Lankan shares ended firmer Wednesday with investors keen on blue chips, hotels and banks, encouraged by the end of the ethnic war that could see an economic revival, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share […]
Rescue Mission
May 27, 2009 (LBO) – The Finance Company can be turned around within six months, according to Merchant Bank of Sri Lanka (MBSL) which has been appointed by the banking regulator to manage the troubled finance firm. “The only way to move forward The Finance is engage in day-to-day activities.If not, we can’t meet the […]
Asset Backed
May 27, 2009 (LBO) – Fitch Ratings Lanka said it has confirmed People’s Leasing Co.Ltd. Trust 32’s (PLC32) 119.7 million rupee lease-backed trust certificates (LBTCs) at ‘A-(lka)’ with a stable outlook.A Loss Severity rating of ‘LS-3’ has been assigned, it said in a statement. “The affirmation is based on the uninterrupted payouts made to LBTC […]
Spell Check
May 27, 2009 (LBO) – The Sri Lankan chapter of the Chartered Institute of Management Accountants (CIMA) has launched the second season of Spellmaster, a spelling contest which it hopes will improve English spelling and vocabulary skills among school children. Being an avid reader from a very young age, I always referred the dictionary to […]
Trim Talk
May 27, 2009 (LBO) – Subscribers of Sri Lanka’s Hutch, a unit of Hutchison had dropped 44 percent to 772,000 in the year to March 2009 amid steep price cuts and an entry of a fifth operator to the market. Dialog, a unit of Telekom Malaysia and the island’s dominant mobile phone operator, said its […]
WHO mulls pandemic threshold as flu cases near 13,000
MEXICO CITY, May 27, 2009 (AFP) – Mexico reported two more swine flu deaths on Tuesday, as World Health Organization scientists asked if it had moved too quickly to declare the outbreak a pandemic.Authorities in Mexico said the death toll had risen to 85, and infected cases rose to 4,721 with scientists advancing through a […]
Rights diplomats struggle to find Sri Lanka compromise
GENEVA, May 27, 2009 (AFP) – The UN Human Rights Council reconvened its special session on Sri Lanka Wednesday with diplomats struggling to bridge an Asian-Western divide over the rights situation and a probe into abuses. Sri Lanka, backed by Asian countries including China, India and Pakistan, tabled a revised draft resolution late Monday which […]
Sri Lanka Janashakthi Insurance suspension lifted
May 27, 2009 (LBO) – Sri Lanka’s insurance regulator said it had lifted a suspension on the registration of Janashakthi Insurance from today, after the firm showed “sufficient cause”. Janashakthi said it last week it was making fresh proposals to meet the regulator’s concerns. “The Insurance Board of Sri Lanka has accepted the Company’s explanations […]