Tag: lankabusinessonline
Sri Lanka inflation at 2.5-pct in February by citizen index
Mar 03, 2014 (LBO) – Sri Lanka’s inflation in February 2014 was measured at 2.5 percent by an index compiled by private citizens, coming below the 4.2 percent indicated by the state statistics office.Sri Lanka’s credit growth has been weak in the past year and the Central Bank has also been sterilizing foreign exchange purchases. […]
” with rights resolution
COLOMBO, February 28, 2014 (AFP) – Sri Lanka’s president on Friday acknowledged his discomfort at the prospect of being censured by the UN’s top rights body, as he accused Washington of treating Colombo like Muhammad Ali’s “punching bag”.Although the exact text of the resolution is still not known, the US has said it will file […]
New mass grave found in Sri Lanka ahead of UN rights meet
COLOMBO, March 1, 2014 (AFP) – Another unmarked mass grave has been found in Sri Lanka’s former war zone, police said Saturday, as Colombo braced for a US-led censure resolution at the UN rights forum next week.A family on Friday stumbled upon nine bodies buried in the garden of their home in the district of […]
‘s rights record poor in 2013
WASHINGTON, February 27, 2014 (AFP) – From China’s crackdown on activists to flawed elections in Cambodia and widespread violence against Muslims in Myanmar, Asia’s human rights record in 2013 remained poor, US officials said Thursday. Releasing its annual Human Rights report, the State Department documented a litany of abuses across the continent, with especially strong […]
Sri Lanka inflation at 4.2-pct in February
Feb 28, 2013 (LBO) – Sri Lanka’s consumer prices rose 4.2 percent in the 12-months February 2014, down from 4.4 percent in January, the state statistics office said.The widely watched Colombo Consumer Price Index rose 0.2 percent during the month. Annual average inflation, a lagging indicator averaged across two years eased to 6.0 percent in […]
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COLOMBO, February 25, 2014 (AFP) – Sri Lanka Tuesday accused the UN rights chief of “unwarranted interference” by calling for an international inquiry into allegations troops killed thousands of civilians at the end of the civil war.The government of President Mahinda Rajapakse formally rejected the demand by rights chief Navi Pillay for an external investigation […]
Afghan President Karzai cancels Sri Lanka visit
COLOMBO, February 23, 2014 (AFP) – Afghan President Hamid Karzai cancelled a two-day state visit to Sri Lanka Sunday, the foreign ministry in Colombo said, as Taliban insurgents killed 20 of his soldiers in eastern Afghanistan.“Please note that the visit of the President of Afghanistan to Sri Lanka has been cancelled,” the ministry said without […]
Indian PM opposes release of Rajiv Gandhi killers
NEW DELHI, February 20, 2014 (AFP) – Indian Prime Minister Manmohan Singh denounced plans to free former premier Rajiv Gandhi’s killers as an attack on the nation’s soul Thursday as his government launched a legal battle to stop their release. Seven Tamil extremists are due to walk free from prison by this weekend after the […]
Sri Lanka prosperity up by revised index: Central Bank
Feb 20, 2014 (LBO) – Sri Lanka’s prosperity has risen by 6.8 percent over 2012 according to an index compiled by the Central Bank, which has been revised with additional parameters being added. “The Prosperity Index enables national policy makers, provincial authorities, and business and community stakeholders to measure the prosperity of provinces in a […]
Sri Lanka in constant battle to keep up coin supply
Feb 20, 2014 (LBO) – Sri Lanka’s central bank is battling to keep the country supplied with coins as metal prices go up and coins disappear from circulation into piggy banks and places of worship.The Central Bank estimates that 20 to 30 tonnes of Sri Lankan coins are accumulated at Temples and Churches in India […]
Sri Lanka policy rates unchanged; credit picking up: Central Bank
Feb 17, 2014 (LBO) – Sri Lanka’s central bank kept policy rates steady in February signaling that gilt rates are bottoming out but said longer term lending rates have more room to fall. The central bank said it was keeping the rate at which excess money is drained from the banking system at 6.50 percent […]
Sri Lanka banks should lend more to utilize new economic capacity: CB Governor
Feb 17, 2013 (LBO) – Sri Lanka’s bank should lend more to businesses associated with ports, airports, health and information technology to make use of expanded capacity in the economy, Central Bank Governor Nivard Cabraal said. Sri Lanka’s government has developed infrastructure in recent year with ports, airports and roads generating extra capacity and opportunities […]