Tag: lankabusinessonline
Sri Lanka exports up 11-pct in September
Nov 15, 2013 (LBO) – Sri Lanka’s exports rose 11 percent to 890 million US dollars with apparel exports surging 27 percent to 386 million US dollars amid a recovery in US and European markets, the Central Bank said. Apparel exports rose 30.7 percent to the US and 27.7 percent to the EU. Rubber product […]
Sri Lanka President says Commonwealth should not be judgmental
Nov 15, 2013 (LBO) – Sri Lanka’s President Mahinda Rajapaksa said the Commonwealth should not be a judgmental or punitive body at a meeting of heads of governments of member countries in Colombo.The Commonwealth meet had been clouded over war crimes allegations against Colombo over the last stages of a civil war which ended in […]
Calls for travel and food freedoms at Sri Lanka Commonwealth meet
Nov 15, 2013 (LBO) – The Commonwealth was home to half the world’s hungry and their pain can be eased by freeing access to food, Australian Prime Minister Tony Abbot said at a summit meeting in Sri Lanka, while a top official called for greater travel freedoms.The Commonwealth is made up of countries in the […]
Cameron visits Sri Lanka former war zone
COLOMBO, November 15, 2013 (AFP) – Britain’s Prime Minister David Cameron made an historic visit Friday to Sri Lanka’s former warzone, stealing the spotlight from a Commonwealth summit after the host, President Mahinda Rajapakse, warned against passing judgement on his country’s past. Only hours after the summit opened in Colombo, Cameron flew into the northern […]
Sri Lanka cracks down on opposition ahead of summit
COLOMBO, November 13, 2013 (AFP) – Sri Lanka’s military stopped scores of ethnic Tamils protesters from entering the capital Wednesday ahead of a Commonwealth summit as a British TV crew was barred from a former warzone.A UN panel in 2011 found as many as 40,000 civilians may have been killed in the final months of […]
Mauritius PM to boycott Sri Lanka Commonwealth meet
PORT LOUIS, November 12, 2013 (AFP) – The prime minister of Mauritius announced Tuesday he will stay away from this week’s Commonwealth summit in Sri Lanka because of the host’s poor human rights record.Mauritius joins India and Canada in refusing to send a premier to Sri Lanka, which is accused of widespread human rights abuses […]
Sri Lanka Commonwealth biz forum can create wealth, cut poverty: President Rajapaksa
Nov 12, 2013 (LBO) – A Commonwealth business forum in Colombo can forge new partnerships that can create wealth and reduce poverty, Sri Lanka’s President Mahinda Rajapaksa said. Sri Lanka has seen strong economic growth thanks to pragmatic policies, and there was a strategy to go forward making the country an economic hub, he said. […]
Prince Charles becomes pensioner with eye on the throne
LONDON, November 11, 2013 (AFP) – Britain’s heir to the throne Prince Charles can draw his state pension from Thursday when he turns 65 — despite having yet to start the job he has eyed for a lifetime.But when most Britons his age will be settling into their retirement, Charles can be expected to take […]
Sri Lanka Commonwealth Biz forum the largest ever
Nov 12, 2013 (LBO) – A Commonwealth Business Forum underway in Sri Lanka’s capital Colombo is the largest in the history of the organization, and can be an opportunity to solve employment and skills challenges, officials said.Sri Lanka after the end of a 30-year war presents opportunities for investment as it strives to be an […]
Sri Lanka Commonwealth biz forum begins today
Nov 12, 2013 (LBO) – A three day Commonwealth business forum kicks off today where investment prospects of Sri Lanka and several countries will be showcased and emerging trends in Asia and Africa will come under the spotlight.President Mahinda Rajapaksa will inaugurate the sessions with a keynote address. The first session chaired Rahul Bajaj, chairman […]
India PM to miss Commonwealth summit in Sri Lanka
NEW DELHI, November 10, 2013 (AFP) – Indian Prime Minister Manmohan Singh will skip this week’s Commonwealth summit in Sri Lanka, the foreign ministry said Sunday, as pressure grows for a boycott of the event over alleged war crimes by Colombo.Singh sent a letter to Sri Lankan President Mahinda Rajapakse on Sunday telling him of […]
Sri Lanka keeps policy rates steady, credit to state easing: Central Bank
Nov 11, 2013 (LBO) – Sri Lanka kept its policy rate corridor steady at 6.50 percent to withdraw excess cash and 8.50 percent to inject money in to the banking system, saying the inflation outlook was benign and state credit demand was reducing. The date for the release of the next regular statement on monetary […]