Sri Lanka inflation unchanged at 4.2-pct in March

Mar 31, 2014 (LBO) – Sri Lanka’s consumer prices rose 4.2 percent in the 12-months to March from a year earlier, with inflation unchanged from the 4.2 percent a month earlier, data from the state statistics office showed. Sri Lanka’s inflation has been muted amid weak credit growth following the end of a balance of […]

Sri Lanka ruling party set for local election win

COLOMBO, March 30, 2014 (AFP) – Sri Lanka’s ruling party was headed for victory in local elections but with smaller than expected margins in a crucial mid-term test for President Mahinda Rajapakse, early results showed Sunday.The ruling party had tried to turn Saturday’s vote into a referendum on a UN Human Rights Council’s resolution last […]

Sri Lanka ruling party wins provincial election with lower margin

COLOMBO, March 30, 2014 (AFP) – Sri Lanka’s ruling party won local elections, but with smaller than expected margins in a crucial mid-term test for President Mahinda Rajapakse, official results showed Sunday.The president campaigned for polls held Saturday for southern and western provincial councils, both in the ethnic majority Sinhalese heartland, which account for more […]

Sri Lanka frees India fishermen after UN vote abstention

COLOMBO, March 28, 2014 (AFP) – Sri Lanka’s president Friday ordered the release of Indian fishermen detained for poaching after New Delhi surprisingly refused to back a US-led censure motion against Colombo at the UN’s top rights body.The exact number of fishermen who were released was not immediately known but several dozens are thought to […]

Sri Lanka claims moral victory from war crimes vote

COLOMBO, March 28, 2014 (AFP) – Sri Lanka tried to claim a moral victory Friday and insisted it would push on with reconciliation efforts after being censured by the UN’s top rights body for failing to bring perpetrators of war crimes to justice.The US-initiated resolution was carried at the UN Human Rights Council in Geneva […]

US statement on Sri Lanka HR council vote

Mar 27, (LBO) – The following is a statement from US Secretary of State John Kerry on UN resolution on Sri Lanka. The Sri Lankan people are resilient. They have demonstrated grit and determination through years of war. Now, they are demanding democracy and prosperity in years of peace. They deserve that chance. The United […]

India explains abstention on Sri Lanka UN HR council vote

Mar 27, 2013 (LBO) – India abstained on voting on a resolution on Sri Lanka’s human rights which called for a external probe. The full statement is reproduced below:- India’s Explanation of Vote on Resolution œPromoting Reconciliation, Accountability, and Human Rights in Sri Lanka (A/HRC/25/L.1/Rev.1) Mr. President, 1. The UN Human Rights Council has adopted […]

Sri Lanka rejects UN rights probe, president tells AFP

COLOMBO, March 27, 2014 (AFP) – Sri Lankan President Mahinda Rajapakse rejected Thursday’s UN Human Rights Council resolution ordering a war crimes probe, telling AFP that he would instead press ahead with his own reconciliation plan.“We reject this,” Rajapakse said. “This resolution only hurts our reconciliation efforts.It does not help. “But I am not discouraged. […]

Sri Lanka can improve environment to retain talent and boost skills: biz leaders

Mar 26, 2014 (LBO) – Sri Lanka could retain more highly skilled workers by boosting overall conditions and well as re-orienting its education system towards the needs of the market, senior business leaders said.He said people who had moved abroad would come back if conditions if education and health system quality was better. “But the […]

UN rights council launches Sri Lanka war crimes probe

GENEVA, March 27, 2014 (AFP) – The UN Human Rights Council on Thursday launched an inquiry into alleged war crimes in Sri Lanka, despite Colombo’s fierce efforts to block an investigation.But they question the credibility of his efforts to come clean on the past and to stem what they say are ongoing rights violations. “The […]

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 […]

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