Tag: Sri Lanka
Sri Lanka state workers take home 53.6-pct of 2008 taxes
June 12, 2009 (LBO) – Sri Lanka’s state salaries and pensions ate up 53.6 percent of tax revenues in 2008, while 129,135 workers were added to an already bloated public sector, which is the biggest in South Asia, the latest official data shows. The finance ministry said 71,323 workers were added to state services in […]
Japan urges Sri Lanka to engage international community
June 11, 2009 (AFP) – Japan on Thursday urged Sri Lanka to develop closer ties with the international community as Colombo tries to rebuild the war-battered north of the island after decades of bloody ethnic conflict.Akashi said international opinion was divided on the way the conflict with the Liberation Tigers of Tamil Eelam (LTTE) ended, […]
Sri Lanka detains Canadian MP: officials
June 10, 2009 (AFP) – A Canadian MP was detained on arrival at Sri Lanka’s international airport on Wednesday and could be deported for allegedly having supported the Tamil Tiger rebels, officials said.Bob Rae, a Liberal member of parliament and outspoken critic of the Sri Lankan military’s offensive against the rebels, was stopped at Bandaranaike […]
Sri Lanka ruling party popularity could help budget: S&P
June 10, 2009 (LBO) – The electoral popularity of President Mahinda Rajapaksa could help improve Sri Lanka’s budget by reducing the clout of smaller extremist parties, Standard & Poor’s rating agency has said. “With slowing growth, sharply falling imports and much lower inflation, official revenue goals and the deficit target of 7.5 percent of GDP […]
Sri Lanka activist targets 40 privatizations
June 9, 2009 (LBO) – A left-oriented politician who has successfully returned a large insurer back into state hands through court action says there about 40 other privatizations that need to be re-examined. Sri Lanka’s Supreme Court, in reversing the deal said it was illegal as proper procedure had not been followed and the transaction […]
Sri Lanka turns back Tamil aid ship
June 8, 2009 (AFP) – Sri Lankan authorities Monday ordered a foreign-owned ship carrying aid for Tamil civilians to leave the island without unloading its cargo.The Syrian-registered ship, Captain Ali, was seized last week, and the Sri Lankan defence ministry said the cargo of food and other supplies had been destined for the now defeated […]
Japan envoy to discuss Sri Lanka war victims: diplomats
June 7, 2009 (AFP) – Japan will send a special envoy to Sri Lanka this week to discuss the plight of nearly 300,000 Tamil civilians displaced by recent fighting, diplomats said Sunday. Japan, Sri Lanka’s largest single aid donor, was sending Yasushi Akashi on a three-day visit starting Monday to assess Colombo’s moves to re-settle […]
Iran inflation dips below 24 pct
TEHRAN, June 7, 2009 (AFP) – Iran’s inflation rate, one of the biggest economic challenges facing its next president, dipped last month to under 24 percent, the ISNA news agency reported on Sunday. His claim was dismissed by Karroubi.Inflation fell to 23.6 percent in the Iranian calendar month of Ordibehesht ending May 21 from 24.5 […]
Sri Lankan FM denies 20,000 Tamils killed in final onslaught: report
LONDON, June 6, 2009 (AFP) – Sri Lanka’s Foreign Minister Rohitha Bogollagama has denied claims that more than 20,000 Tamil civilians were killed during the government’s final onslaught against rebels, a report said Saturday. Bogollagama told The Times that the newspaper was wrong to report last week that so many civilians had died in the […]
Sri Lanka gets Indian support in human rights battle
June 05, 2009 (LBO) – India has rapped UN human rights commissioner Navi Pillai saying she should not abuse her position to pursue hidden agendas against Sri Lanka.Ambassador Gopinath Achamkulangare of India said in a statement India believes that the commissioner will accept the outcome the special session on Sri Lanka without taking a position […]
Sri Lanka gets Chinese loan for low cost housing
June 05, 2009 (LBO) –Sri Lanka’s government is to take a 500 million dollar 20-year loan from China to build 100,000 low cost houses for state sector employees, shanty dwellers and people affected by disasters, the Cabinet office said. A Cabinet memorandum on the project said the loan is to be arranged by state-owned China […]
Sri Lanka Hayleys profits down on lower margins, exports
June 04, 2009 (LBO) – Sri Lanka’s Hayleys said net profit for the 2008-09 financial year fell 31 percent to 311 million rupees from a year ago as the export-oriented group was hit by the global economic slump.Gross turnover rose five percent to 32 billion rupees in the year ended March 31, 2009, according to […]