Tag: Sri Lanka
‘s protest over war crimes panel
June 17, 2010 (AFP) – The United Nations will set up a panel to probe war crimes in Sri Lanka despite repeated protests from the island’s hawkish government, a top UN envoy announced in Colombo on Thursday. Sri Lanka has named a “lessons learnt” panel to study issues that led to conflict, but it has […]
Sri Lanka marks Tiger defeat amid probe pressure
June 18, 2010 (AFP) – Sri Lanka staged a delayed victory parade Friday to mark the first anniversary of the end of its 37-year civil war as pressure mounted for a probe into alleged crimes committed during the fighting. President Mahinda Rajapakse took the salute at the ceremony attended by thousands of troops drawn from […]
Sri Lanka Central Bank governor in second term
June 17, 2010 (LBO) – Sri Lanka’s Central Bank governor Nivard Cabraal has been re-appointed for another six-year term, an official said. He has also kicked off a foreign exchange liberalization drive that will increase the economic freedoms of ordinary people. Cabraal became governor of the Central Bank of Sri Lanka in 2006 to complete […]
Sri Lanka gets EU aid for war-torn areas
June 17, 2010 (LBO) – The European Union has allocated 60 million euro (8.4 billion rupees) as aid to Sri Lanka mostly for the island’s north and east which were ravaged by war, a statement said. “The programme will mainly focus on medium-term assistance in the North and East of the country,” the statement from […]
Gas Bid
June 17, 2010 (LBO) – The Sri Lankan government wants to buy back the stake in the Shell Gas unit in the island that had been sold to the multinational in a privatization exercise several years ago, a spokesman said. The state-run Bank of Ceylon has been made an advisor to a committee that will […]
Sri Lanka holds policy rates steady in June
June 16, 2010 (LBO) – Sri Lanka is holding its main policy rate at which money is injected to the economy steady at 9.75 percent with inflation falling and credit to businesses expanding, the Central Bank said. The Central Bank said inflation fell for the third consecutive month, reaching 5.3 percent in May and it […]
Disaster Drill
June 16, 2010 (LBO) – Oil exploration disasters are likely to continue in future as energy continues to dig deeper in the Ocean for petroleum products an analyst warned in Colombo, as Sri Lanka prepares for submarine drilling. “The hunger of energy and the need for energy is still on the rise and in the […]
Japan seeks transparency in Sri Lanka after war
June 16, 2010 (AFP) – A visiting Japanese envoy said Wednesday that Sri Lanka must ensure an open and fair process to address grievances of minority Tamils after the end of the civil war last year. “We expect our reconciliation commission to address all issues to the conflict as part of our healing process. ” […]
Sri Lanka next forex liberalization wave after budget
June 15, 2010 (LBO) – Sri Lanka will see the next wave of foreign exchange liberalization after the budget, which is due at the end of June, Central Bank Governor Nivard Cabraal said. “Regulations are being drafted,” Cabraal said. “As soon as the regulation are drafted and tested we will announce them. The next set […]
Top UN official to visit Sri Lanka this week
UNITED NATIONS, June 14, 2010 (AFP) – UN chief Ban Ki-moon’s top political adviser will visit Sri Lanka this week to discuss political reconciliation, resettlement of minority Tamils displaced by ethnic strife and human rights, a spokesman said Monday. The world body estimates that up to 100,000 people died in Sri Lanka’s Tamil separatist conflict […]
Sri Lanka budget gap narrows in 1Q 2010
June 14, 2010 (LBO) – Sri Lanka’s budget gap has narrowed in the first quarter of 2010, with revenues picking up and the government also keeping a lid on current expenses from a year earlier, official data show. Total revenues were up 26.3 percent to 182.7 billion rupees in the three months to March and […]
Sri Lanka to sell US$275mn in bonds
June 14, 2010 (LBO) – Sri Lanka is rolling over 275 million US dollars in two and three-year government bonds which pay a 6-month month floating rate coupon, the government’s debt office said. Only 92 million US dollars in bonds out of a total of 100 million was sold through an auction and the balance […]