Tag: Sri Lanka
Sri Lanka cabinet to meet in former Tiger capital
July 13, 2010 (AFP) – The Sri Lankan president and his ministers are to hold a meeting Wednesday in Kilinochchi, the northern town from which the Tamil Tiger rebels once ruled one-third of the island, officials said. Before the rebels were finally defeated last year, Kilinochchi was the capital of a de facto Tamil state […]
South Korea presses for IMF reforms
Daejeon, KOREA July 12, 2010 (LBO) – The finance minister of South Korea, which is hosting an International Monetary Fund conference on Asia, pressed for reforms of the multi-lateral institution and its support to prevent destabilizing capital flows. “Up until now, it seems the IMF has not fully assumed its role of ensuring macro-economic stability […]
Asia must brace for choppy capital flows: IMF warns at Korea forum
Daejeon, KOREA July 12, 2010 (LBO) – Asian economies must prepare to face huge and highly volatile capital flows and possibly more economic shocks given recent problems in Europe, the International Monetary Fund has warned. The sharp rebound in capital inflows, and related risks of overheating and credit and asset bubbles, remain key challenges for […]
” dismays diplomats
July 10, 2010 (LBO) – Diplomats in Colombo have called upon the government to ensure the security of United National staff and expressed dismay at a ‘blockade’ of its premises in Sri Lanka. Wimal Weerawansa, a government minister who called on protestors to surround the UN office is on fast in front of the UN […]
” at UN compound
UNITED NATIONS, July 9, 2010 (AFP) – UN chief Ban Ki-moon Friday called Friday on Sri Lanka to “normalize conditions” around the UN office in Colombo after days of angry demonstrations over a UN war crimes panel. Following Thursday’s recall of the UN’s top envoy to the island, Neil Buhne, Ban again urges Colombo “to […]
Sri Lankan protest drags on despite appeal from UN chief
July 10, 2010 (AFP) – A Sri Lankan lawmaker entered the fifth day of a protest outside the main UN compound in Colombo Saturday despite a plea from UN chief Ban Ki-moon for authorities to “normalise conditions”. Ban, who on Thursday recalled the UN’s top envoy to the island, Neil Buhne, on Friday asked Sri […]
” over UN probe
July 10, 2010 (AFP) – A Sri Lankan lawmaker ended a “death fast” Saturday outside the main UN compound in Colombo after failing to get the world body to disband a panel probing alleged war crimes in the country. Hundreds of supporters had gathered around him as protest organisers played Buddhist prayers over a public […]
Protest
July 9, 2010 (AFP) – Sri Lanka said Friday that UN chief Ban Ki-moon had “acted in haste” by recalling his top envoy on the island in response to angry protests over a UN war crimes panel. Foreign Minister Gamini Lakshman Peiris said the government had told Ban’s chief representative Neil Buhne that the days […]
Sri Lanka relaxes monetary policy
July 09, 2010 (LBO) – Sri Lanka has relaxed monetary policy cutting rates by 25 basis points and raising its target from reserve money, the narrowest money supply through which final transaction in the economy are cleared. The central bank cut its reverse repo rate to 9.50 percent and the repo rate to 7. 25 […]
Sri Lanka UN representative recalled amid war crimes row
UNITED NATIONS, July 8, 2010 (AFP) – UN chief Ban Ki-moon recalled Thursday his main representative in Sri Lanka and closed down offices in Colombo that have been the scene of angry protests over a United Nations war crimes panel. “The secretary-general finds it unacceptable that the Sri Lankan authorities have failed to prevent the […]
Sri Lanka developing concept plan for Colombo
July 07, 2010 (LBO) – Sri Lanka is drawing up a concept plan to develop Colombo city, clear under-utilized area, reclaim land from the sea and open them for development by the private sector, officials said. Treasury secretary P B Jayasundera said plans for a ‘new city’ reclaimed out of the sea would be announced […]
Sri Lanka to push up investment levels with stability, low deficits: Treasury secretary
July 07, 2010 (LBO) – Sri Lanka will maintain public investment at around 6 percent of gross domestic product and will attempt to kindle private investment five times that by creating an environment for people to invest, an official said. “Government will invest in areas not very attractive to the private sector,” Treasury secretary P […]