Tag: Sri Lanka
Sri Lanka stocks up, bonds steady, after war, rate cut
May 21, 2009 (LBO) – Sri Lanka stocks rose 4.25 percent in morning trade Thursday following a national holiday to celebrate the end of an internal war, while bonds yields remained steady following a rate cut, dealers said. On Tuesday at the weekly auction of treasury securities 12-month bill yields fell 32 basis points to […]
Sri Lanka cuts rates, moves to single policy corridor
May 21, 2009 (LBO) – Sri Lanka moved to a single policy rate with an 11.50 percent window with unrestricted accesss, effectively cutting policy rates by 150 basis as inflation fell and the central bank acted to boost credit. The central bank earlier operated a discount or ‘penal reverse repurchase’ window of 13.0 percent with […]
Sri Lanka rating outlook cut to negative by S&P
May 21, 2009(LBO) – Standard & Poor’s (S&P) has lowered the outlook of Sri Lanka’s ‘B’ sovereign rating to negative from stable, on weak budgets, fallen foreign reserves and uncertainty over an International Monetary Fund loan. “The negative outlook reflects our opinion that underlying pressures on Sri Lanka’s external liquidity position have intensified, while the […]
Russia welcomes Sri Lanka defeat of Tamil Tigers
MOSCOW, May 19, 2009 (AFP) – Russia on Tuesday welcomed Sri Lanka’s announcement of the Tamil Tiger rebels’ defeat, saying it supported the Asian government’s “fight against terrorism.” Sri Lanka President Mahinda Rajapakse on Tuesday announced the final defeat of the Tamil Tigers, even as rebels insisted their leader was still alive and vowed to […]
UN rights body to hold special meeting on Sri Lanka
GENEVA, May 19, 2009 (AFP) – The UN human rights council will hold a special session next week on the situation in Sri Lanka after the end of Asia’s longest running civil war, a statement said Tuesday. “It is hoped that the holding of this special session will contribute towards the cause of peace”, said […]
Tamil Tigers decimated, Sri Lanka president to give victory speech
May 19, 2009 (AFP) – Sri Lanka’s President Mahinda Rajapakse is to deliver a victory speech to parliament Tuesday following the bloody defeat of the Tamil Tigers and their decades-old war for an independent ethnic homeland. Government commandos on Monday stormed into the last tiny patch of jungle held by the guerrillas, killing Tamil Tiger […]
Sri Lanka urged to move quickly on relief, rights
WASHINGTON, May 19, 2009 (AFP) – Sri Lanka must step up relief efforts and provide its Tamil minority political autonomy, governments and relief agencies urged after Colombo said it had finally routed the Tamil Tiger rebels.As the military mopped up in the far northeast, the European Union demanded an independent inquiry into allegations of human […]
Sri Lanka president calls for investment to revive war-battered economy
May 19, 2009 (LBO) – Sri Lankan president Mahinda Rajapakse called for private sector investment and the return of the island’s diaspora to revive the economy of the country which he said had finally been freed of terrorism with the defeat of the Tamil Tigers. “The main obstacle to private sector investment, which had been […]
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May 19, 2009 (LBO) – The Ceylon Chamber of Commerce said the Sri Lankan government’s victory over Tamil Tiger rebels enables it to turn its efforts towards reviving the economy.“This victory demonstrates the true capabilities of the people of the country when provided with proper leadership and direction,” the chamber said in a statement a […]
Japan PM welcomes end of Sri Lanka war
TOKYO, May 19, 2009 (AFP) – Japan, Sri Lanka’s largest aid donor and the holder of two thirds of its foreign debt, on Tuesday “welcomed the end of the civil war” in the island-nation, the prime minister’s office said. Prime Minister Taro Aso spoke by telephone with Sri Lankan President Mahinda Rajapakse, who had earlier […]
Sri Lankan student in coma after Australia acid attack
SYDNEY, May 18, 2009 (AFP) – A Sri Lankan student in Sydney had acid thrown in his face and was in an induced coma after a home invasion early Monday sparked by the conflict in his troubled homeland, police said.Police appealed for calm among the Sinhalese and Tamil communities in Australia’s largest city following the […]
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NEW DELHI, May 18, 2009 (AFP) – India asked Sri Lanka on Monday to “address the root causes of the conflict” with ethnic Tamils and to provide aid to tens of thousands of civilians displaced in the last months of the war. India is home to millions of Tamils in the southern state of Tamil […]