Tag: news
US demands Sri Lanka enforce its laws in latest rebuke
COLOMBO, August 5, 2014 (AFP) – The United States on Tuesday demanded Sri Lanka enforce its own laws after a meeting of US diplomats and war widows was disrupted by pro-government activists, in the latest rebuke by Washington.The US embassy said activists led by Buddhist monks stormed the meeting in Colombo on Monday and “behaved […]
UN slams Sri Lanka over deportation of asylum seekers
COLOMBO, August 2, 2014 (AFP) – The UN refugee agency accused Sri Lanka on Saturday of failing to respect international law by deporting Afghan and Pakistan refugees before their asylum claims could be assessed. The United Nations High Commissioner for Refugees (UNHCR) said Sri Lankan authorities arrested 214 Afghan and Pakistani nationals in an operation […]
Sri Lanka apologises to Indian PM over caricature
COLOMBO, August 1, 2014 (AFP) – Sri Lanka extended an “unqualified apology” to Indian Prime Minister Narendra Modi Friday over an article and uncomplimentary illustration of the leader and a regional Tamil politician published on a government website. The Sri Lankan defence ministry said it had taken down the offending caricature of Modi and the […]
Sri Lanka inflation accelerates to 3.6-pct in July
July 31, 2014 (LBO) – Sri Lanka’s consumer prices rose 3.6 percent in the 12 months to July 2014, with inflation accelerating from 2.8 percent in June, official data showed.The International Monetary Fund said yesterday credit has been slow, but inflation has to be watched and the Central Bank should be prepared to raise rates […]
Sri Lanka cautioned on foreign borrowings by IMF, inflation watch urged
July 30, 2014 (LBO) – The International Monetary Fund has cautioned Sri Lanka on foreign borrowings by the state and banks and urged authorities to watch inflation closely and be prepared to raise rates.“Recent improvements in the trade and current account balances notwithstanding, Sri Lanka remains vulnerable to external shocks,” the IMF’s executive board said […]
US calls for protection to Sri Lanka journalists
COLOMBO, July 28, 2014 (AFP) – The United States on Monday urged Sri Lanka to crack down on harassment of journalists and protect their rights after organisers of a US-funded media workshop for Tamils received death threats.The US embassy in Colombo said it had raised the issue with the Sri Lankan administration after pro-government protesters […]
Sri Lanka Chevron Lubricants net up 20-pct
July 28, 2014 (LBO) – Sri Lanka’s Chevron Lubricants said profits rose 20 percent to 675 million rupees in the June 2014 quarter from a year earlier helped by wider margins.The firm reported earnings of 5.63 rupees per share for the quarter.For the six months to June the company reported earnings of 11.99 rupees on […]
Sri Lanka media training for Tamil journalists scuttled
COLOMBO, July 26, 2014 (AFP) – Dozens of pro-government activists blocked ethnic Tamil journalists from holding a training program in Sri Lanka on Saturday, marking the latest harassment of the minority community, a media rights group said.FMM’s Jayasekera said he also received death threats over the telephone for holding a press conference to denounce the […]
IMF cuts 2014 global growth forecast, sees rising risks
WASHINGTON, July 24, 2014 (AFP) – The International Monetary Fund warned Thursday that geopolitical risks in Ukraine and the Middle East are looming over a global economy already hit by slowdowns in the US and China. “In major advanced economies, there is a risk of stagnation in the medium term,” the IMF warned, recommending that […]
Sri Lanka, India in mutual forex reserve investment pact
July 24, 2014 (LBO) – Central Bank of Sri Lanka and the Reserve Bank of India has inked a deal to buy up to 500 million dollars worth of securities in each other’s governments, in a bid to diversify reserve assets.July 24, 2014 (LBO) – Central Bank of Sri Lanka and the Reserve Bank of […]
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July 23, 2014 (LBO) – Sri Lanka has a strong record in debt repayment, but interest costs and debt levels are high compared to revenues and private external commercial borrowings are adding to state borrowings, a report by Moody’s a rating agency said. Some analysts have said that Sri Lanka’s key problem is a large […]
Cricket: Steyn strikes early in second Sri Lanka Test
COLOMBO, July 24, 2014 (AFP) – Dale Steyn took two wickets in two balls to give South Africa a flying start in the series-deciding second and final Test against Sri Lanka in Colombo on Thursday.Steyn, the star of South Africa’s big win in the first Test at Galle, sent back opener Upul Tharanga and big-hitter […]