Tag: Sri Lanka
Sri Lanka may get IMF funds in 4-6 weeks: official
May 21, 2010 (LBO) – The International Monetary Fund (IMF) is likely to release the next tranche of its program loan to Sri Lanka in 4-6 weeks if its management and board are satisfied with the island’s budget deficit for 2010, an official said. Policy talks were encouraging, visiting IMF mission chief Brian Aitken told […]
Rights group offers new evidence of Sri Lanka war crimes
May 21, 2010 (AFP) – A global human rights monitor said Friday it had fresh evidence of possible war crimes committed in Sri Lanka during the final phase of the government’s war against Tamil Tiger rebels. The New York-based Human Rights Watch (HRW) said it had examined over 200 photos taken on the front lines […]
Inmates on hunger strike in Japan immigration centre
TOKYO, May 20, 2010 (AFP) – Scores of foreigners in a Japanese immigration detention centre have been on hunger strike for more than a week, demanding to be released and protesting the mysterious death of an African deportee. Some 70 detainees — many of them Sri Lankans and Pakistanis — have refused food since May […]
Sri Lanka failed to build on war victory: former general
May 20, 2010 (AFP) – The detained Sri Lankan general who led soldiers to victory over Tamil Tiger rebels one year ago accused the government Thursday of failing to convert his success into a new era of peace. Sarath Fonseka, a key architect of the strategy that finally defeated the Tigers after decades of bloody […]
Oil Sales
May 20, 2010 (LBO) – Lanka IOC, the Sri Lanka unit of Indian Oil Corporation said it lost 422 million rupees in the year to March 2010 down from 1,237 million a year earlier and had boosted bunkering sales to 15 percent of its total revenues. Lubricant sales had risen to 5. 6 million litres […]
Sri Lanka holds policy rate steady
May 20, 2010 (LBO) – Sri Lanka’s central bank said it was holding policy rates steady at 9.75 percent amid a pick up in bank credit to private businesses and a dip in annual inflation in April 2010. “Developments in the monetary sector have been encouraging,” the Central Bank said. “Credit obtained by the private […]
Rains delay Sri Lanka victory parade, 200,000 displaced
May 17, 2010 (AFP) – Heavy rains forced the indefinite postponement of Sri Lanka’s military parade marking the first anniversary of its defeat of Tamil rebels, officials said Monday as flash floods killed four people. The island’s two main monsoon seasons run from May to September and December to February. The victory celebrations scheduled for […]
Sri Lanka slammed over civilian deaths, one year after war end
May 17, 2010 (AFP) – The Sri Lankan government killed thousands of its civilians by shelling “no-fire zones” in the last months of the country’s decades-long civil war that ended a year ago, an independent group said Monday. The Brussels-based International Crisis Group urged the United Nations and Sri Lanka’s aid donors to press for […]
Sri Lanka state revenues up in February: data
May 17, 2010 (LBO) – Sri Lanka’s state revenues picked up sharply in February 2010 to 108. 6 billion rupees in the first two months, up 17 percent from a year earlier, containing the budget deficit at around last year’s level, despite rising current spending, official data showed. Current expenses rose 7.2 percent to 181.3 […]
Fiery World
NEW ORLEANS, May 16, 2010 (AFP) – US officials have told BP to clarify what costs it will pay for cleanup of the massive Gulf of Mexico oil spill, with crews employing new tactics Saturday to stem the leak as globs of oil wash ashore in new sites. The latest effort by British Petroleum to […]
Sri Lanka appoints heads to state entities
May 14, 2010 (LBO) – The chairman of Sri Lanka’s largest bank, state-run Bank of Ceylon Gamini Wickramasinghe has been re-appointed amid a series of changes made to boards of state institutions following general elections in April. Wickramasinghe is head of Informatics, an information technology group and has a masters degree in systems analysis from […]
‘re to blame, says Sangakkara after Sri Lanka T20 exit
GROS ISLET, May 13, 2010 (AFP) – Sri Lanka captain Kumar Sangakkara said the team had no-one else to blame but themselves after a seven-wicket World Twenty20 semi-final loss to England here on Thursday. Last year’s losing finalists were all but out of the game after being restricted to 128 for six, having lost their […]