Tag: Sri Lanka
Sri Lanka beaten by China in Asian outsourcing race: IBM report
Dec 07, 2010 (LBO) – Sri Lanka and China are emerging as key destinations for services investments, while Phillipines has overtaken India as the top ranked outsourcing centre, a report by IBM, a global information technology firm has said. In IBM’s Global Location Trends report for 2010 Philippines claimed top place displacing India for the […]
Sri Lanka targets low inflation, low poverty, high employment: CB Governor
Dec 06, 2010 (LBO) – Sri Lanka is hoping to bring down unemployment lower than the current 5. 2 percent and keep inflation and interest rates low to bring down poverty with higher growth, Central Bank Governor Nivard Cabraal said. “Poverty to has been brought down to 7.6 percent which would have taken many poeple […]
Sri Lanka economic growth projected at 8.0-pct in 2010
Dec 06, 2010 (LBO) – Sri Lanka’s full-year economic growth for 2010 is estimated at 8. 0 percent is based on the latest data, Central Bank Governor Nivard Cabraal said, firming an earlier forecast of 7.5 to 8.0 percent. “It is estimated by our statistics team that Sri Lanka will record a growth of 8. […]
Malaysia cuts fuel, sugar subsidy to trim deficit
KUALA LUMPUR, December 4, 2010 (AFP) – Malaysia has cut subsidies for fuel and sugar, a report said Saturday, in a bid to reduce its budget deficit by saving the government 1. 18 billion ringgit (376 million dollars). The opposition scored unprecedented gains in elections in 2008 which saw it claim five states and a […]
‘s talk
December 2, 2010 (AFP) – Sri Lanka’s government lambasted the prestigious Oxford Union Thursday for cancelling a talk by President Mahinda Rajapakse following protests from ethnic Tamil groups. Rajapakse was scheduled to make a speech to the union, Oxford University’s debating society, which has hosted speakers ranging from Michael Jackson to the Dalai Lama, but […]
Sri Lanka sees anti-British protests over Oxford snub
December 3, 2010 (AFP) – Hundreds of ruling party activists demonstrated at the British embassy in Colombo Friday to denounce Oxford University’s debating society for cancelling a talk by President Mahinda Rajapakse. “Down with anti-Sri Lanka policy! ” shouted activists led by Housing Minister Wimal Weerawansa, who spearheaded protests against the United Nations in July […]
Sri Lanka war crime probe position unchanged: US
Dec 03, 2010 (LBO) – The United States has consistently called on Sri Lanka to have a credible probe into alleged war crimes during its war against Tamil Tiger separatists, a statement from the US embassy said. The statement was issued after news reports that US Ambassador Patricia Butenis reportedly cast doubt whether Sri Lanka […]
Sri Lanka may use extra forex reserves in Exim bank: CB Governor
Dec 02, 2010 (LBO) – Sri Lanka may use extra foreign reserves in a proposed export import bank to be set up next year to finance exporters and contractors, Central Bank Governor Nivard Cabraal said. China transferred a part of its foreign reserves to a forex management agency after issuing Treasury bills to its central […]
Sri Lankan president regrets Oxford Union cancelling talk
December 1, 2010 (AFP) – Sri Lanka’s President expressed regret after the Oxford Union cancelled a scheduled speech by him amid security concerns, his office said in a statement Wednesday. Rajapakse had travelled to London on Tuesday ahead of an address to the prestigious Oxford Union on Thursday, but the organisers said security considerations forced […]
US worried on Sri Lanka rights probe: WikiLeaks
WASHINGTON, December 1, 2010 (AFP) – The United States questioned if Sri Lanka would thoroughly probe war crimes allegations as the accusations involve President Mahinda Rajapakse and other top leaders, WikiLeaks said Wednesday. The controversial website, citing one of thousands of diplomatic cables it obtained, said US Ambassador Patricia Butenis saw some progress in Sri […]
Quake south of Sri Lanka, Maldives
November 30, 2010 (AFP) – A 5.6-magnitude earthquake struck the South Indian Ocean on Wednesday, the US Geological Survey said, although there were no immediate reports of damage and there was no tsunami warning in effect. The quake hit at a shallow depth of 15. 3 kilometres (9.5 miles) at 02:19 local time (21:19 GMT […]
Sri Lanka Tiger hideout turned into elephant sanctuary
November 30, 2010 (AFP) – Sri Lanka is to turn a vast jungle area that was a base for the separatist Tamil Tiger rebels into a wildlife sanctuary, 18 months after the end of island’s bloody civil war, the government said Tuesday. The jungles of Mullaittivu, from where the rebels launched attacks for decades until […]