Tag: Sri Lanka
Sri Lanka investments being mulled by Korea
Sept 14, 2011 (LBO) – South Korean firms like Hyundai and LG are interested in exploring investements in shipbuilding and electronics in Sri Lanka, the island’s ministry of industry and commerce said. The interest of Korean companies was revealed by South Korean ambassador Jongmoon Choi during a courtesy call on the industry and commerce minister […]
Sri Lanka gets Indian aid for English training
Sept 14, 2011 (LBO) – Sri Lanka is to get Indian aid to improve training in English language skills in the island, seen as a critical need especially in the corporate sector, under an agreement signed between the two governments. The deal provides for equipment and teaching aids from India for setting up 30 language […]
‘s growth to slow: ADB
HONG KONG, September 14, 2011 (AFP) – Asia’s developing economies will post slower-than-expected growth this year and next as key trading partners reduce orders due to worries about the global economy, a report said Wednesday. However, the region will continue to see strong expansion as it makes up for lost exports to the developed world […]
OECD points to general slowing of main economies
PARIS, September 12, 2011 (AFP) – The main economies in the world are set for a general slowdown, the OECD said on Monday on the basis of its leading index of underlying signals in its member countries. The Organisation for Economic Cooperation and Development, which already warned of potential pockets of recession last week, said […]
‘s former war zone
September 13, 2011 (AFP) – US Assistant Secretary of State Robert Blake toured Sri Lanka’s former war zone on Tuesday to meet students, community leaders and government officials two years after the island’s civil war ended. Blake, the top US diplomat for South and Central Asia, was in the northern Jaffna region to see development […]
US envoy in Sri Lanka as UN rights meet starts
September 12, 2011 (AFP) – US Assistant Secretary of State Robert Blake arrived in Colombo Monday for talks that coincide with a UN meeting in Geneva that is set to discuss alleged war crimes during Sri Lanka’s ethnic conflict. Blake, the top US diplomat for South and Central Asia, would raise the allegations with all […]
Sri Lanka against UN sending probe report to rights body
GENEVA, September 12, 2011 (AFP) – Sri Lanka on Monday took issue with a planned UN move to forward a damning report on the country to the Human Rights Council, complaining that Colombo was not notified about the action. Sri Lanka Minister of Plantation Industries Mahinda Samarasinghe claimed that at a briefing on September 9 […]
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September 10, 2011 (AFP) – Sri Lanka said Saturday that Amnesty International comments on the island’s probe into its military victory over Tamil rebels, were an “interference” in the country’s sovereignty. Amnesty International on Wednesday said Sri Lanka’s inquiry panel was “flawed at every level” and no substitute for an international war crimes investigation. The […]
Sri Lanka to start diplomatic relations with El Salvadore
Sept 09, 2011 (LBO) – Sri Lanka will start diplomatic relations with El Salvadore, a small state in Central America, deputy economic development minsiter Lakshman Abeywardene, said. He said Sri Lanka’s envoy to Brazil will also be accredited to El Salvador. Abeywardene said over the past five years trade between the two countries has started […]
Sri Lanka waste management, energy may get UNIDO support
Sept 09, 2011 (LBO) – A United Nations industrial development body is considering giving support to Sri Lanka in the areas of waste management and energy, seen as important for growth. New Delhi-based UNIDO Deputy Representative for South Asia Antonios Levissianos said there was potential to generate energy from waste. “Waste management can be an […]
Rights group urges Sri Lanka to end detention laws
September 8, 2011 (AFP) – The Human Rights Watch lobby group on Wednesday urged Sri Lanka to scrap draconian detention laws and free thousands of people held under the regulations. The New York-based body said Sri Lanka’s ending of a decades-long state of emergency last week would have little effect as separate anti-terror laws still […]
Sri Lanka currency peg defence by interest rates not advisable: IMF
Sept 08, 2011 (LBO) – The International Monetary Fund is not in favour of mounting an interest rate defence of Sri Lanka’s currency peg, but would like to see exchange rate flexibility instead, an official said. Sri Lanka’s interest rate policy has been largely passive since a currency crisis ended with the float of the […]