Tag: lbo
Sri Lanka opposition demands probe over UN report
April 20, 2011 (AFP) – Sri Lanka’s main opposition party on Wednesday urged the government to respond to United Nations allegations of war crimes by launching an immediate official investigation. Fonseka quit the army and challenged Rajapakse at January 2010 presidential elections, but after losing the election he was arrested and jailed for 30 months. […]
Sri Lanka watchful; US dollar weakness pushes gold higher
Apr 20, 2011 (LBO) – Gold futures hit a new high of 1,500 US dollars an ounce amid concerns about the US currency and budget deficits, with one state passing a law to make gold and silver legal tender. Modern fully paper fiat money, which a central bank can pass to the population in unlimited […]
UN warns Sri Lanka to protect staff against protests
UNITED NATIONS, April 18, 2011 (AFP) – The United Nations on Monday warned the Sri Lankan government that it must protect UN staff, after the country’s president called for protests against a UN war crimes report. President Mahinda Rajapakse has called for this year’s May Day rally to be turned into a “show of our […]
Sri Lanka central bank profits fall in 2010; sells gold
Apr 19, 2011 (LBO) – Profits of Sri Lanka’s central bank fell 65. 1 percent to 11.7 billion rupees in 2010 as the cost of domestic monetary operations and rupee appreciation generated losses but made capital gains from gold sales. In 2009 the Central Bank made profits of 33. 6 billion rupees largely as a […]
So what if the US credit rating is cut?
WASHINGTON, April 19, 2011 (AFP) – For the first time a top credit ratings agency has seriously hinted the United States might be forced to welch on its debts, a warning experts say could herald dramatic changes for the country and the world. In the world of credit a “AAA” rating is a gold star […]
Sri Lanka gets most FDI from India in 2010
Apr 19, 2011 (LB) – India was the largest source of foreign direct investment to Sri Lanka in 2010 with 110 million US dollars followed by Malaysia with 72 million US dollars and the United Arab Emirates 66 million dollars, the Central Bank said. “It is necessary for Sri Lanka to attract more non debt […]
Sri Lankan Tamil party hails UN war crimes report
April 18, 2011 (AFP) – Sri Lanka’s main Tamil political party on Monday hailed a leaked UN report which called for an international war crimes probe into the island’s political and military leadership. The moderate Tamil National Alliance (TNA) said the report, commissioned by UN Secretary General Ban Ki-moon, amounted to “irrefutable confirmation” of atrocities […]
Sri Lanka faces balance between inflation and growth: IMF
Apr 18, 2011 (LBO) – Sri Lanka faces a balance between inflation and growth, a top International Monetary Fund official said as prices continue to rise and the Central Bank has taken the first steps to tackle loose monetary policy. Anoop Singh, director of IMF’s Asia and Pacific department said that Sri Lanka has been […]
Sri Lanka state worker growth flattens
Apr 17, 2011 (LBO) – The expansion of Sri Lanka state workers seen since 2004 has taken a breather in 2010 reducing a key form of tax banditry practised by rulers, the latest official data shows. In 2010 however the state also froze wages helping bring down the budget deficit. However analysts say rather than […]
Sri Lanka leader urges protests against UN report
April 17, 2011 (AFP) – Sri Lanka’s president has called for mass protests against a UN report which urged a probe into alleged war crimes committed during the fight against Tamil Tiger rebels, his office said Sunday. President Mahinda Rajapakse in an address to his Sri Lanka Freedom Party officials said this year’s May Day […]
” bill opposition increases
Apr 17, 2011 (LBO) – An attempt by the state to deduct further sums money from salaries of Sri Lanka’s private sector workers to create a ‘pension’ has run into further opposition with the draft law being challenged in court, a media report said. The Sunday Times newspaper said Ceylon Bank Employees Union had challenged […]
Leaked UN report urges Sri Lanka war crimes probe
April 16, 2011 (AFP) – A UN panel has called for an independent inquiry into “credible” allegations that Sri Lanka committed war crimes and crimes against humanity in its final 2009 offensive against Tamil Tiger rebels. The panel of experts, appointed by UN Secretary General Ban Ki-moon, submitted its report last week, and leaked excerpts […]