Tag: lankabusinessonline
Sri Lanka FDI flows reach $817mn in the first half 2014
August 21,2014 (LBO) – Foreign direct investment flows to Sri Lanka in the first half of 2014 reached 817 million US dollars up 51 percent and the full year was expected to bring 2.5 billion US dollars, investment promotion minister Lakshman Abeywardena said. The money had come mainly from Krrish, Indian mixed development projects and […]
Sri Lanka facilitates infrastructure to attract investors into rural
Aug 20, 2014 (LBO) – Sri Lanka to open up five factories in every district in the county and to widen the facilities for investors who goes into the rural areas, a minister said. The country is targeting a 7000 US dollar per capita income by 2020 and expecting 4000 US dollar per capita income […]
Sri Lanka again delays dig at suspected mass grave
COLOMBO, August 18, 2014 (AFP) – Sri Lankan officials on Monday sought more time to exhume a suspected mass grave in a former war zone after failing to secure the services of forensic experts.Some of the Tamil guerrilla leaders linked to atrocities have defected to the government since the conflict ended, and there have been […]
Sri Lanka to refuse entry to UN investigators: president
COLOMBO, August 19, 2014 (AFP) – Sri Lanka will not grant visas to UN investigators probing war crimes allegedly committed during the island’s decades-long separatist conflict, President Mahinda Rajapakse said Tuesday.“We will not allow them into the country,” said Rajapakse, who is under international pressure to cooperate with the UN-mandated investigation. Sri Lanka has refused […]
Sri Lanka policy rates to be steady: Central Bank
Aug 15, 2014 (LBO) Sri Lanka unchanged a policy rate corridor at 6.5 to 8.0 percent in order to remain broadly on target in 2014 with low inflation the Central Bank in its August monetary policy review. Credit to private sector has grown by eight million rupees in June although the private sector credit growth […]
Sri Lanka needs to think beyond USD 4000 per capita income: Chamber Official
August 14, 2014 (LBO) – Sri Lanka’s private sector should foresee the needs of the future customer and armed themselves to cater to the demand of the customer who will earn 7000 US dollar per capita in 2020, Chamber official said. Sri Lanka is set to achieve a USD 4,000 per capita in 2015 and […]
Sri Lanka slams US over travel warning
COLOMBO, August 12, 2014 (AFP) – Sri Lanka accused the United States Monday of creating a “false and alarmist view” after Washington warned of possible violence on the island and said anti-Western sentiment was rising.The travel warning was issued after an opposition party staged a peaceful protest outside the US embassy in Colombo over Israeli […]
Sri Lanka to pave A5 road with an investment of $140 mn
(08, Aug, 2014 LBO)- Sri Lanka will rebuild 151.3 kilometers of road from Badulla to Chenkaladi with an estimated cost of 140 million US dollars, a statement said. The road will be rebuild with funds taken from OPEC fund for International development and the Saudi Fund for Development ( SFD) with the balance contribution being […]
Sri Lanka debt profile improves mid-year: Central Bank
Aug 08, 2014 (LBO) – Sri Lanka’s state debt statistics has improved by mid 2014 with public debt to gross domestic product falling to 7.4.3 percent, and foreign debt falling to 32.9 percent, the Central Bank said.Domestic debt was 44.3 percent of projected GDP down from 44.2 percent in December and down from 86.2 percent […]
US demands Sri Lanka enforce its laws in latest rebuke
COLOMBO, August 5, 2014 (AFP) – The United States on Tuesday demanded Sri Lanka enforce its own laws after a meeting of US diplomats and war widows was disrupted by pro-government activists, in the latest rebuke by Washington.The US embassy said activists led by Buddhist monks stormed the meeting in Colombo on Monday and “behaved […]
UN slams Sri Lanka over deportation of asylum seekers
COLOMBO, August 2, 2014 (AFP) – The UN refugee agency accused Sri Lanka on Saturday of failing to respect international law by deporting Afghan and Pakistan refugees before their asylum claims could be assessed. The United Nations High Commissioner for Refugees (UNHCR) said Sri Lankan authorities arrested 214 Afghan and Pakistani nationals in an operation […]
Sri Lanka apologises to Indian PM over caricature
COLOMBO, August 1, 2014 (AFP) – Sri Lanka extended an “unqualified apology” to Indian Prime Minister Narendra Modi Friday over an article and uncomplimentary illustration of the leader and a regional Tamil politician published on a government website. The Sri Lankan defence ministry said it had taken down the offending caricature of Modi and the […]