Tag: Sri Lanka
” to get kids to Australia
SYDNEY, July 9, 2014 (AFP) – A dozen mothers in an asylum-seeker camp have reportedly attempted suicide so their children can be settled in Australia, piling pressure on Prime Minister Tony Abbott who said Wednesday he would not be morally blackmailed. The Sydney Morning Herald said the women tried to kill themselves this week after […]
HSBC India chief at Sri Lanka business forum
July 10, 2014 (LBO) – Sri Lanka’s Ceylon Chamber of Commerce said HSBC India Chairperson Naina Lal Kidwai will deliver the keynote address at its annual business forum.Naina Lal Kidwai, Chairperson of HSBC India, will speak on the second day of “Sri Lanka Economic Summit” organized by the Chamber on August 05 and August 06.Naina […]
‘s asylum-seeker plans
SYDNEY, July 7, 2014 (AFP) – A High Court on Monday barred Australia from handing back a boat carrying 153 asylum-seekers to Sri Lanka, a day after Canberra returned another vessel to Colombo following a week of secrecy.The Tamil Refugee Council has claimed at least 11 of those on board have been tortured by Sri […]
Sri Lanka demand for water pipes, electrical switches seen recovering
July 08, 2014 (LBO) – Demand for water pipes and electrical switches have weakened during the past year, but appear to have bottomed out, Central Industries, a maker of plastic-based water supply and electrical products has said.“The PVC industry is currently plagued with overcapacity as anticipated growth in demand in the post conflict era has […]
” rating confirmed on lower inflation, better SOE balances: S&P
July 8, 2014 (LBO) – Sri Lanka’s ‘B+’ rating was confirmed with a ‘stable’ outlook on lower inflation and better state enterprise performance despite weak institutions and high debt service, Standard and Poor’s, a rating agency said. S & P said there was a marked improvement in state-run Ceylon Electricity Board and Ceylon Petroleum Corporation […]
Australia hands asylum-seekers back to Sri Lanka
SYDNEY, July 7, 2014 (AFP) – Canberra confirmed Monday a boat load of Sri Lankan asylum-seekers who attempted to reach Australia have been handed back to Colombo, sparking sharp criticism after a week of secrecy.“Australia’s international obligations are reliant upon a credible processing system and we have deep concerns about how that could have been […]
Australian minister to visit Sri Lanka amid boat dispute
COLOMBO, July 6, 2014 (AFP) – Australia’s immigration minister will visit Colombo this week for talks on illegal immigration following international concern at his country’s handling of Sri Lankan asylum-seekers, it was announced Sunday.The US and European Union member states have said rights abuses against the ethnic Tamil minority continued even after the war’s end […]
Sri Lanka to get US$800mn ADB loan for roads
July 04, 2014 (LBO) – Sri Lanka will upgrade and maintain roads connecting more than 1,000 villages to the highways and expressways in a 906 million US dollars project with 800 million US dollars coming from the Asian Development Bank, a minister said.Sri Lanka has strengthened its road network especially after the end of a […]
Sri Lanka police questions Bhuddist monk over anti-Muslim riots
COLOMBO, July 2, 2014 (AFP) – Sri Lankan police called in a militant Buddhist monk for questioning Wednesday after he was accused of instigating deadly anti-Muslim riots that heightened religious tensions in the ethnically divided nation.Galagodaatte Gnanasara was summoned to the Criminal Investigations Department over a speech he made two weeks ago in the resort […]
Sri Lanka budget deficit 3.5-pct of GDP up to April
July 02, 2014 (LBO) – Sri Lanka’s has recorded a budget deficit of 3.5 percent of gross domestic product up to April 2014, and the Treasury said it was expecting to meet a full-year target of 5.2 percent. Tax on interest fell 20 percent as interest rates fell in the economy. The tax revenues were […]
Japan leads loan commitments to Sri Lanka up to April 2014
July 02, 2014 (LBO) – Sri Lanka has signed up 678.2 million US dollars in foreign loans in the first four months of 2014 and Japan led the tables giving 342.8 million US dollars for a new bridge to the capital, official data showed. Outstanding foreign debt not counting rupee denominated Treasuries owned by foreigner […]
Sri Lanka delays digging up suspected Muslim mass grave
COLOMBO, July 1, 2014 (AFP) – A magistrate has postponed Tuesday’s scheduled start of an operation to exhume a suspected mass war grave on Sri Lanka’s east coast after police said they needed more preparation time, an official said.Authorities had been due to begin excavating part of a beach in Kalavanchikudy district after a resident […]