Tag: Sri Lanka
Last Laugh
May 07, 2010 (LBO) – Laugfs Group, the sole rival of the Sri Lankan unit of Royal Dutch Shell, is keen to buy the multinational’s operations in the island, Laugfs chairman W K H Wegapitiya said. Shell Gas Lanka is the dominant supplier of liquefied petroleum gas (LPG) in Sri Lanka with Laugfs having a […]
Sri Lanka ex-army chief vows to expose war crimes
May 6, 2010 (AFP) – Sri Lanka’s ex-army chief Thursday vowed to “expose” any war crimes committed during the end of the country’s civil war last year and said he would go “out of his way” to assist with a probe. General Sarath Fonseka, who fell out with President Mahinda Rajapakse and quit after successfully […]
Sri Lanka creates more state jobs, but costs mount
May 05, 2010 (LBO) – Sri Lanka’s expanding state has created more jobs in recent years but costs are mounting with 57. 6 cents out of every tax rupee being taken home by workers as salaries and pensions last year, official data shows. In 2009 Sri Lanka had increased state workers by a net 61,856, […]
Sri Lanka Treasuries yields fall
May 05, 2010 (LBO) – Sri Lanka Treasury bill yields eased at Wednesday’s auction despite the government raising an additional billion rupees than the maturing stock, the government’s debt office said. The 3-month yield fell 16 basis points to 8.24 percent with only a billion rupees of bill being sold and the 6-month yield fell […]
Sri Lanka appoints new deputy finance minister
May 05, 2010 (LBO) – Sri Lankan president and finance minister Mahinda Rajapaksa has appointed Sarath Amunugama, a former cabinet minister, as deputy minister of finance and planning, the president’s office said in a statement. Amunugama was among four cabinet ministers and six deputy ministers sworn in Wednesday following parliamentary polls in April won by […]
Sri Lanka plans ethnic reconciliation panel
May 5, 2010 (AFP) – Sri Lanka plans to set up a reconciliation commission to foster ethnic unity as the island emerges from nearly four decades of bloody conflict, a state-run newspaper said Wednesday. Prime Minister D. M. Jayaratne said the government hoped the panel would ensure that majority Sinhalese and minority Tamils did not […]
Sri Lanka scales down state of emergency
May 5, 2010 (AFP) – Sri Lanka’s parliament on Wednesday scaled down tough state of emergency laws that were first introduced 27 years ago to deal with separatist Tamil rebels. Government troops finally defeated the Tamil Tiger guerrillas a year ago after a massive military offensive swiped out the rebels’ territory and killed their leaders. […]
Sri Lanka tax reforms, economically sound budget awaited by IMF
May 04, 2010 (LBO) – The International Monetary Fund is looking for an economically sound budget for Sri Lanka this year with tax reforms to cut the deficit as it starts discussions to resume a deal with the island, an official said. Sri Lanka’s government got parliamentary approval to spend money until April amid two […]
Rights groups welcome pardon for Sri Lanka editor
May 4, 2010 (AFP) – Media rights groups Tuesday welcomed Sri Lanka’s decision to pardon a Tamil editor sentenced to 20 years in prison, but urged the government to ensure he was allowed to return to work freely. Paris-based RSF — Reporters Without Borders — said J. S. Tissainayagam, who wrote about the plight of […]
Sri Lanka blocks cricketers visiting Dalai Lama
May 4, 2010 (AFP) – Sri Lanka stopped national cricket captain Kumar Sangakkara and another player from calling on the Dalai Lama out of fear that a meeting would anger China, an official said Tuesday. Sangakkara and former skipper Mahela Jayawardene were advised not to join their Indian Premier League teammates who paid a courtesy […]
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PARIS, May 3, 2010 (AFP) – Media watchdog Reporters Without Borders named Monday the world’s 40 worst “predators of the press” including politicians, religious leaders and militias to mark World Press Freedom Day. “They are powerful, dangerous, violent and above the law,” the Paris-based watchdog RSF said. “These predators of press freedom have the power […]
Sri Lanka US embassy salutes journalists
May 03, 2010 (LBO) – The US embassy in Colombo says the World Press Freedom Day which falls on May 03 is a reminder to citizens and government that a free media is an essential part of democracy. “In democracies, the people are sovereign, and representatives and elected officials derive their power from them,” the […]