Tag: news
Protection urged for Sri Lanka war crimes witnesses
COLOMBO, August 27, 2014 (AFP) – International rights groups have demanded protection for potential Sri Lankan witnesses at a UN-mandated war crimes investigation into the island’s ethnic war which ended five year ago.Six organisations in a joint letter expressed alarm over alleged intimidation, threats and reprisals against those likely to engage investigators probing the bloody […]
’s to set up businesses in the island
Aug 27, 2014 (LBO) – Sri Lanka invites japan small and medium entrepreneurs to set up manufacturing facilities in the island to explore Indian and Pakistan markets, an official of Ceylon Chamber of Commerce said. As for imports Japan ranks at sixth supplying four percent of Sri Lanka’s total imports. The top three Lankan exports […]
Lower external funding needs buffer, EM Asia heading into US tightening : by Fitch
A year after the taper tantrum, emerging Asian sovereigns with the biggest external funding needs are generally reducing their degree of external vulnerability, although only modestly in most cases. Fitch projects Sri Lanka (BB-/Stable) will cut its gross external funding requirement (GXFR) the most between 2012 and 2014, relative to its foreign reserves, despite the […]
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 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 […]
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 […]