Tag: Sri Lanka
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 […]
High inflation increases hunger in South Asia: UNICEF
NEW DELHI, June 2, 2009 (AFP) – The global financial crisis and a spike in fuel and food prices have left 100 million more people without adequate food in South Asia compared to two years ago, according to a UNICEF report Tuesday. More than 400 million people face hunger in a region where over 75 […]
Sri Lanka should drop popular politics to boost economy: President
June 3, 2009 (LBO) – Sri Lanka should cut the budget deficit, drop popular politics and ideologies in meeting the challenge of developing the country, President Mahinda Rajapaksa said.“Reducing the budget deficit, investment promotion and economic development is possible after defeating terrorism,” President Rajapaksa said in a nationally televised speech at a ceremony in Colombo. […]
Sri Lanka offered investment by Canadian business council
June 03, 2009 (LBO) – Two bilateral business councils promoting trade and investment between Sri Lanka and Canada have offered their support to revive the island’s economy with the end of the ethnic war.The Ceylon Chamber of Commerce, which represents the Sri Lanka-Canada business councils, said they had written to President Mahinda Rajapaksa offering support […]
Sri Lankan minister seeks Japanese aid, rejects rights probe
TOKYO, June 3, 2009 (AFP) – Sri Lanka’s trade minister on Wednesday sought Japan’s help for its recovery from ethnic conflict, while reiterating his government’s rejection of any probe into alleged human rights violations.Colombo has faced allegations that thousands of civilians perished in the final battle last month against Tamil Tiger separatists, as the island […]
Sri Lanka needs new phase in international diplomacy: President
June 3, 2009 (LBO) – Sri Lanka needs a new diplomatic drive to win in the international arena, after defeating terrorism in the country, President Mahinda Rajapaksa said in a nationally televised address. “Many countries have helped us,” President Rajapaksa said. “We appreciate it very much. “The hearts of our people will remember it.” Government […]
” inflation 15.8-pct
June 02, 2009 (LBO) – A controversial core inflation index of selected items in Sri Lanka was at 13.5 percent in May 2009, the central bank said, while the country’s headline index rose 3.3 percent, from 2.9 percent. Core inflation is claimed by central banks to better reflect their monetary policy actions, and drops food […]
Sri Lankan media rights activist recovers after attack
June 2, 2009 (AFP) – A Sri Lankan journalist was recovering in hospital Tuesday after being beaten up near the capital Colombo as a rights group expressed renewed concern for the safety of the island’s media. Poddala Jayantha, secretary of the Sri Lanka Working Journalists’ Association, was abducted near his home and severely attacked with […]
UN did not underestimate Sri Lanka death toll: Ban
UNITED NATIONS, June 1, 2009 (AFP) – UN chief Ban Ki-moon on Monday categorically rejected allegations the world body had deliberately underestimated the death toll in the ethnic conflict in Sri Lanka.“I categorically reject — repeat categorically — any suggestion that the United Nations has deliberately underestimated any figures,” he told the UN General Assembly. […]
Sri Lanka rejects rights probe
May 31, 2009 (AFP) – Sri Lanka on Sunday rejected growing calls to probe human rights violations amid allegations that thousands of civilians perished in the final battle against Tamil separatists. A report in the Times of London newspaper on Friday citing confidential UN reports said that more than 20,000 non-combatants were killed by Sri […]
Sri Lankan media rights activist beaten: colleagues
June 1, 2009 (AFP) – A Sri Lankan media rights activist was hospitalised Monday after being beaten by unidentified attackers near the capital Colombo, a doctor and journalists said.Poddala Jayantha, secretary of the Sri Lanka Working Journalists’ Association, was abducted near his home and was severely attacked with sticks and later dumped in a suburb […]
Amnesty calls for probe of Sri Lanka civilian deaths
May 30, 2009 (AFP) – Amnesty International called Saturday for an independent probe into the number of civilians killed in the final weeks of Sri Lanka’s civil war and also urged the UN to reveal its own estimates. The call by the rights group followed a report in the Times of London newspaper on Friday […]