Tag: Sri Lanka
Sri Lanka to grow by 5.5-pct in 2010, but fiscally vulnerable: IMF
Apr 22, 2010 (LBO) – Sri Lanka’s economy is expected to grow at a faster 5. 5 percent of gross domestic product in 2010 but the country is facing a danger from excessive deficit spending, an International Monetary Fund (IMF) official said. IMF’s forecast is slightly lower than Sri Lanka’s central bank forecast of a […]
”
WASHINGTON, April 21, 2010 (AFP) – The United States called on Sri Lanka’s new government Wednesday to use its mandate to pursue a “healing process” as the island recovers from decades of war. Sri Lanka’s new parliament is set to convene Thursday after Sri Lankan President Mahinda Rajapakse’s allies won just short of a sweeping […]
Sri Lanka money supply, excess liquidity closely watched: Central Bank
Apr 22, 2020 (LBO) – Excess liquidity in Sri Lanka’s money markets were high and base money was growing faster since the last quarter, but the Central Bank will ‘closely monitor’ changes and take action if needed, the monetary authority said. “Reserve money has been expanding at a higher rate since the last quarter of […]
‘s former army chief launches attack on president
April 22, 2010 (AFP) – Sri Lanka’s detained former army chief briefly emerged from custody Thursday to attend the opening of parliament and used the opportunity to launch an attack on President Mahinda Rajapakse. Sarath Fonseka last year led troops to victory over Tamil Tiger rebels after decades of ethnic conflict on the island, but […]
Sri Lanka to get investments in hydro power, hotels
Apr 22, 2010 (LBO) – Two mini-hydro power plants and new hotels and hotel refurbishment are among several investments approved by Sri Lanka’s investment promotion agency, a statement said. The Board of Investment (BOI) said it has approved and signed agreements for eight new investments worth 20 million US dollars that will create 500 job […]
Sri Lanka ruling party wins huge majority
April 20, 2010 (AFP) – Sri Lanka’s ruling party has won a near two-thirds majority in parliament at national polls, the elections commission said in final results announced Wednesday. The parliamentary election was held just two months after presidential polls in which more than 75 percent of the electorate cast their ballots. The two nationwide […]
Sri Lanka ruling party wins 144 seats
Apr 21, 2010 (LBO) – Sri Lanka’s ruling United People’s Freedom Alliance of President Mahinda Rajapaksa has won 144 seats just six seats short of a two thirds majority while the main opposition trailed with 60 seats, final results show. The ruling coalition won a re-poll yesterday in Kandy in central Sri Lanka and the […]
Sri Lanka new parliament gets finance and legal minds
Apr 21, 2010 (LBO) – Sri Lanka’s main opposition United National Party has appointed an economist and a banker to parliament while a minority party has appointed a lawyer experienced in commercial litigation. Tissa Vitharana and G L Pieris, former university professors, were re-appointed by the ruling United National Freedom Alliance. Both are ministers in […]
Sri Lankan president and rival to clash in new parliament
April 21, 2010 (AFP) – Sri Lankan President Mahinda Rajapakse, who cemented his grip on power Wednesday, is set to clash with his arch-rival former army chief Sarath Fonseka when the new parliament opens this week. Final results of parliamentary elections showed Rajapakse’s United People’s Freedom Alliance had secured 144 seats in the 225-member assembly […]
‘s new PM close ally of president
April 21, 2010 (AFP) – Sri Lanka’s ruling party on Wednesday named plantations minister D. M. Jayaratne, a close ally of President Mahinda Rajapakse, as prime minister of the new parliament. The job of prime minister is largely ceremonial in Sri Lanka but, in the event of the president’s death, the holder would be expected […]
Sri Lanka ruling party senior as PM
Apr 21, 2010 (LBO) – Sri Lanka’s ruling party named its most senior member Disanayaka Mudiyanselage Jayaratne as the prime minister amid speculation that a cabinet of ministers that is now taking shape will be re-shuffled by year-end. Rajapaksa has pledged to trim the cabinet to about 35 ministers after running his previous administration with […]
Sri Lanka public interest lawyer in parliament
Apr 22, 2010 (LBO) – A senior lawyer, M A Sumanthiran, practising in Sri Lanka’s supreme court, court of appeal and commercial high court and district courts in a variety of civil litigation is entering parliament as an appointed legislator. Sumanthiran is coming as a ‘national list’ or as an appointed member representing the minority […]