Tag: Sri Lanka
‘ trust
June 7, 2010 (AFP) – Sri Lanka’s President Mahinda Rajapakse urged Tamil leaders on Monday to trust him and help resolve outstanding problems following the country’s civil war, warning he would not bow to terrorism. Rajapakse told the Tamil National Alliance (TNA) party, formerly a front for the defeated Tamil Tiger rebels, that he was […]
Sri Lanka firms struggle with rising labour costs: reports
June 06, 2010 (LBO) – A coir factory in a coconut growing northeastern district in Sri Lanka is facing labour problems and a yet another state enterprises is facing financial difficulties, media reports said. The Sunday Times newspaper said a four year old export oriented coir factory with Indian and Israeli collaboration has run into […]
Sri Lanka aims for investment grade rating by 2013: CB Governor
June 05, 2010 (LBO) – Sri Lanka is aiming to push its speculative sovereign rating to investment grade by 2013 by fixing government finances, keeping inflation low and growth high, Central Bank Governor Nivard Cabraal said. Sri Lanka was downgraded a notch from its original rating as the country went on a deficit spending and […]
Sri Lanka and India should move for closer economic ties: president
June 04, 2010 (LBO) – Sri Lanka and India have an opportunity to move towards closer economic ties as the end of a 30-year war opened up new opportunities, Sri Lankan President Mahinda Rajapaksa said. “We have a common heritage in trading with each other and the rest of the world,” President Rajapaksa told a […]
Sri Lanka Central Bank releases latest economic, social statistics
June 04, 2010 (LBO) – The Central Bank of Sri Lanka said it has just released its annual publication ‘Economic and Social Statistics of Sri Lanka 2010’ with data on a wide range of economic and social developments. “The vast amount of data included in this publication will be of use for analysing trends in […]
Sri Lanka north-east ripe for tourism, agriculture
June 04, 2010 (LBO) – Sri Lanka’s Eastern and Northern provinces are ripe for investment in tourism, food processing and finance with infrastructure being built to improve connectivity, officials said. Sri Lanka’s Northern and Eastern provinces were devastated by a 30-year war which ended last year with the military wiping out the last remnants of […]
Oberoi urges film world not to skip Sri Lanka Bollywood Oscars
June 1, 2010 (AFP) – Bollywood actor Vivek Oberoi on Tuesday urged the Indian film fraternity to attend the annual awards festival in Sri Lanka despite protests from pro-Tamil rebel lobbies. “Come to Colombo. I don’t believe in boycotting the awards. Bollywood films are about building bridges, not putting up walls against people,” Oberoi told […]
Tamils protest as Bollywood goes to Sri Lanka
MUMBAI, June 1, 2010 (AFP) – Bollywood goes to Sri Lanka later this week for its glitzy annual awards ceremony, but the decision to hold the event in the capital Colombo has sparked a backlash from minority Tamils in India. The International Indian Film Academy (IIFA), which has been held overseas every year since 2000, […]
Sri Lanka slashes vehicles import duty; lifts import surcharge
June 01, 2010 (LBO) – Sri Lanka has slashed an import excise duty on vehicles by 50 percent amid a pick up in the economy and demand for vehicles, lifted a general 15 percent surcharge on all imports and slashed duties on electronic items, an official said. In Sri Lanka prices of wearing apparel are […]
Sri Lanka needs international probe: UN rights chief
GENEVA, May 31, 2010 (AFP) – The United Nations human rights chief maintained Monday that Sri Lanka needed an international probe into the government’s final offensive against Tamil Tiger rebels last year. Navi Pillay, the UN High Commissioner for Human Rights, noted that the Sri Lanka government had created a post-war reconciliation commission to look […]
” in new twist to defend state excesses
PARIS, May 30, 2010 (AFP) – As European governments rush to cut budget deficits with draconian austerity measures, experts are warning that the fallout could mean a shutdown in Europe’s tentative economic recovery. The IMF’s chief economist, Olivier Blanchard, has said there is “a risk… of austerity zeal in some countries under pressure from the […]
Sri Lanka inflation slows to 5.3-pct in May
May 31, 2010 (LBO) – Consumer prices in Sri Lanka’s capital Colombo rose 5.3 percent in May 2010 from a year earlier, down from 5.8 percent in April, the third straight monthly fall, the government statistics office said. The 12-month moving average, which has been on the rise since March, rose to 3.6 percent from […]