Tag: Sri Lanka
Sri Lanka manpower exporters battle downturn
May 26, 2009 (LBO) – Sri Lankans working abroad send home nearly three billion dollars a year, and despite a global economic meltdown and stiff competition from regional neighbors, industry officials say they are fighting the downturn. Around 1.8 million people are estimated to be employed abroad, according to Sri Lanka Foreign Employment Bureau data […]
Sri Lanka to hold local elections in north
May 25, 2009 (AFP) – Sri Lanka is to hold local elections later this year in parts of northern areas formerly held by the Tamil Tigers for the first time in 15 years, an official said Monday. A spokesman for the local government ministry said voting will be held between August 4 and 17 to […]
Lube Luck
May 25, 2009 (LBO) – Sri Lanka’s Chevron unit said net profit for the March 2009 quarter fell 33 percent to 233 million rupees from a year ago with sales virtually stagnant in a slowing economy.Chevron Lubricants Lanka said in a stock exchange filing that sales for the three months ended March 31, 2009 were […]
China releases stimulus spending data
BEIJING, (Asia Pulse) – China’s economic planning body released a breakdown Thursday of how the government’s 4 trillion yuan (US$586 billion) of stimulus funding was being spent. Since the stimulus package was unveiled in November, 230 billion yuan had been used as of the end of April, the National Development and Reform Commission (NDRC) said […]
UN chief in Sri Lanka amid fears for civilians
May 22, 2009 (AFP) – UN chief Ban Ki-moon arrived Friday in Sri Lanka to press for humanitarian access to civilians displaced by the separatist conflict, as the island’s president dismissed international concerns.Ban is the first world leader to visit since Colombo’s assertion earlier this week that the Tamil Tigers’ bloody decades-long crusade for an […]
Sri Lanka needs help to meet refugee challenge: UN chief
May 23, 2009 (LBO) – The UN chief Ban Ki-moon who pressed for access to camps housing nearly 300,000 refugees in northern Sri Lanka says more help is needed to meet their needs while a longer term solution is needed to permanently solve the conflict. “If equality is not delivered history could repeat itself,” Ban […]
US calls for reconciliation, access to refugee camps
WASHINGTON, May 21, 2009 (AFP) – The United States pressed Sri lanka Thursday to lift restrictions on access to refugee camps in a strip of land where government forces this week crushed a three-decade-old Tamil insurgency. “We urge the government to allow the ICRC, the International Committee of the Red Cross, and the UN immediate […]
Top UN official visits Tamil refugee camps: UN
UNITED NATIONS, May 21, 2009 (AFP) – A senior UN official was allowed to visit camps in Sri Lanka housing refugees from intense fighting that earlier this week ended in the defeat of a 30-year-old Tamil insurgency. Vijay Nambiar, chief of staff of UN Secretary General Ban Ki-moon, visited camps around Vavuniya that are housing […]
UN chief to urge humanitarian access in Sri Lanka
May 22, 2009 (AFP) – UN chief Ban Ki-moon was due to land in Sri Lanka later Friday on a 24-hour mission to press its government for unfettered humanitarian access to an estimated 250,000 civilians displaced by conflict.The secretary general was expected in the evening ahead of talks Saturday with President Mahinda Rajapakse and Foreign […]
Sri Lanka loan to be approved in “coming weeks”: IMF
May 22, 2009 (LBO) – The International Monetary Fund (IMF) has not yet scheduled a meeting of its board to pass a loan to Sri Lanka but the lender was hoping to give the loan in “the coming weeks”, an official said. “I think that’s something that we’re reviewing right now,” Kelly told reporters in […]
”: Central Bank
May 22, 2009 (LBO) – Sri Lanka’s central bank said a cut in the country’s rating outlook by Standard & Poor’s was “outrageous, arbitrary and biased” and the county will “be compelled to review its relationship” with the rating agency. S&P cut the outlook on Sri Lanka’s speculative ‘B’ rating to ‘negative’ from ‘stable’ citing […]
Sri Lanka IMF loan under review after war: US
May 22, 2009 (LBO) – An International Monetary Fund loan to Sri Lanka is under review and the international community needs to make an assessment of the post-conflict situation in the island, US state department spokesman Ian Kelly has said. Kelly said Clinton had spoken to UN chief Ban Ki-Moon about his trip to Sri […]