Tag: Sri Lanka
Sri Lanka tells foreign aid agencies to scale down
July 9, 2009 (AFP) – Sri Lanka has directed all international relief agencies, including the Red Cross, to scale down operations following the defeat of the Tamil Tiger rebels, the human rights minister said Thursday.Mahinda Samarasinghe said the directive was not solely aimed at the International Committee of the Red Cross (ICRC) which had first […]
Sri Lanka foreign aid pipeline narrows
July 8, 2009 (LBO) – Sri Lanka’s foreign aid pipeline from Western nations showed signs of narrowing amid deteriorating relations, though draw downs of previously committed aid continued apace, official data shows.Analysts say fresh aid commitments could arrest the trend later in the year.The power ministry said in June that China was giving an 891 […]
Sri Lanka state revenues down 9.6-pct, deficit up in first 4-months
July 8, 2009 (LBO) – Sri Lanka state revenues fell 9.6 percent while day-to-day expenditure zoomed 34.5 percent driving the revenue deficit up an unprecedented 528 percent to 118.2 billion rupees, the latest official data has revealed. The government had managed to increase capital expenditure by 9.0 percent to 74.6 billion rupees in the period. […]
” by Tigers to inflate Sri Lanka tolls
July 8, 2009 (AFP) – Sri Lankan doctors arrested for allegedly spreading rebel propaganda before the defeat of the Tamil Tigers told reporters here Wednesday that they were pressured to inflate death tolls. A five-member team of doctors who worked inside the shrinking rebel-held territory during the final stages of the war have been in […]
Fuel Delivery
July 08, 2009 (LBO) – The Sri Lankan unit of Indian Oil Corporation said it has chartered a bunker barge to supply ship fuel in Colombo port as sales were increasing.LIOC is the newest player in Colombo port’s bunker business. Competition in the business has been growing after a court order ended an effective monopoly […]
India offers US$100mn for Sri Lankan Tamils
NEW DELHI, July 6, 2009 (AFP) – India on Monday offered 100 million dollars for the tens of thousands of Tamil civilians displaced by conflict in Sri Lanka. India is home to millions of Tamils in southern Tamil Nadu state, which is separated by a narrow strip of sea from Sri Lanka.“I propose to allocate […]
‘s need for IMF wanes: Central Bank
July 4, 2009 (AFP) – Sri Lanka’s central bank chief said Saturday that the island could live without a major IMF bailout that had been delayed by the final stages of the government’s fight with Tamil Tiger rebels.The government had requested the 1.9-billion-dollar loan in March to help stave off its first balance of payments […]
Oil Drain
July 4, 2009 (LBO) – The Sri Lanka unit of the Indian Oil Corporation is running out of cash and may not be able to import the next consignment of oil as crude prices rise and taxes bite into revenue, an official said. Based on yesterday’s Singapore wholesale refined product prices released by the Central […]
Sri Lanka IMF loan depends on Executive Board: official
July 3, 2009 (LBO) – The award of a stand by loan for Sri Lanka by the International Monetary Fund (IMF) is awaiting approval of its executive board, which is yet to set a date to consider the application, an official said. “But discussions are continuing, and the finalization of the program, as with any […]
Zimbabwe recovering under central bank competition; no inflation: IMF
July 3, 2009 (LBO) – Zimbabwe is starting to recover within months of the money monopoly of the Reserve Bank of Zimbabwe being broken, which allowed foreign currencies to compete against the hyperinflating domestic currency. In a ‘dollarized’ economy, transactions are conducted in foreign currency and people also save in foreign money and the government […]
Sri Lanka upgrades growth to 3.5-4.5-pct
July 1, 2009 (LBO) – Sri Lanka’s economy is forecast grow at a faster 3.5 to 4.5 percent in 2009, up from the 2. 5 percent originally expected, following the end of a 30-year war and easier money, Central Bank Governor Nivard Cabraal said. In June 2009, inflation rose 0. 9 percent from a year […]
Sri Lanka courts politicised, says ICG
July 01, 2009 (LBO) – The Sri Lankan government must reform the country’s judicial system urgently if the military defeat of the Tamil Tigers is to lead to a lasting peace, an international non-governmental advocacy body has said. The Sri Lankan judiciary is not working in a fair and impartial way that secures justice and […]