Tag: Sri Lanka
Britain wants swift UN Sri Lanka report
LONDON, April 18, 2009 (AFP) – Britain’s Foreign Secretary David Miliband said Saturday he would ask UN chief Ban Ki-moon’s top aide to report to the Security Council “immediately” on his return from strife-torn Sri Lanka. Miliband said he was “gravely concerned” about the conflict there, while insisting that the government was listening to protesters […]
IMF approves US$47 flexi credit line for Mexico
WASHINGTON, April 17, 2009 (AFP) – The International Monetary Fund approved a 47-billion-dollar credit line for Mexico Friday under a new scheme designed to throw a cash lifeline to countries hit by the global economic crisis. “The Mexican authorities have stated they intend to treat the arrangement as precautionary and do not intend to draw […]
Sri Lanka to dip into deflation by mid 2009
April 18, 2009 (LBO) – Sri Lanka’s inflation will dip below zero briefly by the middle of 2009, the island’s central bank governor Nivard Cabraal said as the world is gripped by a classic deflationary collapse. During the great depression, when the dollar strengthened and people pulled money out of banks to bury in their […]
Australian Tamils call off hunger strike
SYDNEY, April 18, 2009 (AFP) – Tamil protesters who staged a seven-day hunger strike outside the Australian prime minister’s home said Saturday they had ended their protest following assurances their demands had been heard. “Australia continues to call on the Sri Lankan government to put forward credible political reforms to engage Tamils and other minorities […]
Sri Lanka has chance to end conflict: US
WASHINGTON, April 16, 2009 (AFP) – The United States on Thursday urged an immediate ceasefire in Sri Lanka to save thousands of trapped civilians, saying the Colombo government had a chance to finally end three decades of war. “We call upon the government and military of Sri Lanka and the Tamil Tigers to immediately stop […]
UN calls for pause in Sri Lanka fighting to allow aid in
GENEVA, April 17, 2009 (AFP) – The United Nations on Friday renewed its call for a pause in fighting between Tamil Tiger rebels and government troops in order to allow civilians trapped by the conflict to flee.“UNICEF is calling for a ceasefire and for a humanitarian pause which allows humanitarian workers to access the conflict […]
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WASHINGTON, April 16, 2009 (AFP) – The International Monetary Fund on Thursday forecast a prolonged, deep global recession in a crisis “nobody is escaping,” with recovery slow and difficult.Weak capital flows to emerging economies in the downturn will hammer Eastern Europe in particular, the IMF said in releasing two chapters from its twice-yearly World Economic […]
Sri Lanka petroleum credit largely repaid: official
April 17, 2009 (LBO) – Most of the short term credits from Iran and private suppliers to Sri Lanka’s state-run petroleum retailer had been repaid, though the outflow worsened a balance of payments crisis in the island, a top central bank official said. The Ceylon Petroleum Corporation (CPC) had borrowed up to a billion US […]
Sri Lanka looks at cutting working week, easing layoffs
April 17, 2009 (LBO) – Sri Lanka’s labour ministry says a request by the private sector to cut the working week to five days to deal with an economic slump, is timely and attempts would be made to reach a deal fast. Sri Lanka’s private sector has asked to end a half-day of work Saturday […]
Top UN official in Sri Lanka
UNITED NATIONS, April 16, 2009 (AFP) – UN chief Ban Ki-moon has dispatched a top aide to Sri Lanka to try to ease the plight of tens of thousands of civilians trapped by fighting between government forces and Tamil separatists, a UN spokesman said Thursday. Farhan Haq told AFP that Vijay Nambiar, Ban’s chief staff, […]
Sri Lanka central bank makes Rs22bn forex loss
Apr 16, 2009 (LBO) – Sri Lanka’s central bank, which has a monopoly on money issue in the island, has made a 5.04 billion rupee loss in 2008, badly hit by a 22.8 billion rupee forex loss, despite running a dollar peg which has to be backed by US assets. The process reversed thereafter, as […]
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LONDON, April 15, 2009 (AFP) – The British and French foreign ministers said Wednesday that Tamil Tiger rebels in Sri Lanka are using civilians as human shields, which was preventing them from leaving the conflict zone. Miliband and Kouchner urged both sides to abide by their obligations under international humanitarian law and to do everything […]