Tag: Sri Lanka
”’ economic recovery
WASHINGTON, April 15, 2010 (AFP) – Federal Reserve chief Ben Bernanke warned on Wednesday the US economy will recover at a “moderate” pace and that significant time will be needed to claw back jobs lost in the recession. In cautious remarks that belied Wall Street’s gathering optimism, Bernanke cautioned that the US economy continued to […]
Sri Lanka gets $150mn ADB emergency loan
Apr 15, 2010 (LBO) – The Asian Development Bank (ADB) said it is providing 150 million US dollars in an emergency loan to Sri Lanka for projects to help people in the war-ravaged north and east. The loan will have a 32-year repayment term, including a grace period of eight years and an annual interest […]
” petroleum price formula: Central Bank
April 14, 2010 (LBO) – Sri Lanka needs a price formula to match import costs to retail prices as a part of a reform of the energy sector, the Central Bank said as the state petroleum utility lost 12. 3 billion rupees in 2009. “A realistic pricing formula needs to be developed to price petroleum […]
Sri Lanka president calls for unity in New Year message
April 13, 2010 (AFP) – Sri Lanka’s President Mahinda Rajapakse Tuesday appealed for unity as the country prepared for its first traditional New Year after the end of a 37-year civil war. Rajapakse said he was seeking peace and reconciliation between his majority Sinhalese and the ethnic Tamil minority ahead of celebrations for Wednesday’s New […]
Indonesia hails new Australian asylum-seeker policy
JAKARTA, April 12, 2010 (AFP) – Indonesia said Monday that Australia’s decision to stop processing asylum seekers from Afghanistan and Sri Lanka will be “positive” for the region’s fight against trafficking. Foreign ministry spokesman Teuku Faizasyah said the tough new policy, which has been condemned by rights watchdogs and refugee supporters, would have a direct […]
Sri Lanka poverty subsidy helping not only the poor: CBSL
Apr 12, 2010 (LBO) – A Sri Lankan poverty alleviation subsidy programme provides benefits to well over a quarter of the people, an unrealistically high number, and not only the poor, the Central Bank has said. “The potential for linking some of these food programmes with community-driven development programmes needs to be explored as malnutrition […]
Rajapakse wins again, but battle for unity remains
April 11, 2010 (AFP) – It seems Sri Lanka’s president, Mahinda Rajapakse, just can’t stop winning. His ruling party’s landslide triumph in parliamentary elections this week capped a trio of historic victories following the military defeat of Tamil Tiger rebels a year ago, and a thumping presidential re-election win in January. Now with his ruling […]
IMF chief says no to higher inflation to reduce debt
Apr 11, 2010 (LBO) – The head of the International Monetary Fund played down suggestions that inflation should be raised to slash the real value of state debt, but said future growth should be used cut the burden. Strauss-Khan said public debt in advanced economies were forecast to rise about 35 percentage points to about […]
Re Poll
April 11, 2010 (AFP) – Sri Lanka will rerun voting at 18 polling booths where last week’s parliamentary election was affected by violence, officials said Sunday. The elections department cancelled voting at the booths in two electoral districts after allegations of intimidation and other violence. The final official results have yet to be declared because […]
Sri Lanka ex-military chief, TV star, cricketers as lawmakers
Apr 10, 2010 (LBO) – Sri Lanka’s president Mahinda Rajapaksa’s brother Basil pulled in 425,861 ‘preferences’ from voters becoming a top draw in a parliamentary poll that also saw an army general, popular cricketers and a television star elected. Sri Lanka’s former military chief Sarath Fonseka now facing a court martial after running for presidential […]
Australian freeze on asylum seekers may face challenge
SYDNEY, April 10, 2010 (AFP) – Australia’s decision to temporarily block asylum-seekers from Afghanistan and Sri Lanka could face a legal challenge, lawyers said Saturday. On Friday, Canberra announced it would immediately stop taking fresh applications from asylum-seekers from those two countries, as it attempts to thwart people smuggling operations. But the Australian Lawyers Alliance […]
Sri Lankan ruling party celebrates election landslide
April 10, 2010 (AFP) – Sri Lanka’s ruling party on Saturday celebrated its landslide victory in the country’s first peacetime parliamentary polls since crushing separatist Tamil rebels, but the opposition cried foul. Government supporters carried national flags as they paraded through the streets and lit firecrackers, despite an official week-long ban on public celebrations. President […]