Tag: Sri Lanka
Sri Lanka should watch external sector developments: economist
June 01, 2008 (LBO) – A strong balance of payments position and a strong currency is giving stability to Sri Lanka’s external sector. But it is at odds with the high inflation the country has been seeing in recent months. Q: What about the EU? Is the situation better there? A: In the EU it […]
State Fat
June 01, 2008 (LBO) – Sri Lanka needs to market price energy and consumers are now not only paying for the rise in international prices, but also for the high expenditure involved in operating the public sector, a think tank has said. Referring to official statements that the fuel import bill this year may be […]
Sri Lanka needs better peace proposals: minister
May 31, 2008 (LBO) – Sri Lanka needs peace proposals acceptable to the main political parties and the Tamil speaking community to put pressure on the Tamil Tigers to resume peace talks, a senior government minister has said. The proposals would also assure Tamils that their aspirations and grievances will be addressed by any future […]
Canada-based Sri Lanka Tiger suspect gets student award
OTTAWA, May 30, 2008 (AFP) – A Canadian suspected of using his studies as a cover for terrorist activities was awarded a 5,000 dollar prize for his entrepreneurial talent by a Canadian university, The Globe and Mail reported Friday.Suresh Sriskandarajah, 26, was arrested in August 2006 in Ontario at the request of US authorities who […]
” by soldiers
May 31, 2008 (LBO) – Sri Lankan media groups have expressed grave concern over what they said was an ‘unofficial’ visit to the Sri Lanka Press Institute (SLPI) by soldiers. The SLPI and media rights group Free Media Movement (FMM) said the visit appeared linked to recent threats and assault on journalists, coming soon after […]
Sri Lanka politicians to meddle in fuel use
May 31, 2008 (LBO) – Sri Lanka’s ruling politicians are to come up with plans next week to reduce energy use, with the petroleum bill being identified as the biggest threat to the country, senior ministers said. Trade minister Bandula Gunewardene said the country last year spent 2.4 billion dollars on oil imports compared to […]
Sri Lanka warns Western sanctions could worsen internal conflict
WASHINGTON (AFP) – Sri Lanka called on Western powers Thursday to be wary of imposing sanctions for its alleged human rights violations, warning that the action could worsen the island’s long-running ethnic conflict.The United States and the European Union have withheld various aid programs and are debating whether to withdraw special trade benefits from Sri […]
Sri Lanka seeks food crisis loan: World Bank
The World Bank is considering giving Sri Lanka a crisis loan to tackle galloping food prices, the global financial institution’s vice president said on Friday.“The fund is targeting some 800 million dollars for countries such as Sri Lanka that have been hit by the food crisis,” Patel said. The solution for Sri Lanka, he said, […]
‘s inflation hit new high; another index suppressed
May 30, 2008 (LBO) – Inflation in Sri Lanka’s capital hit a new high of 26.2 percent in May up from 25.0 percent on a new index, while an index showing higher inflation was scrapped, the government’s statistics office said. Increases were seen in the food, clothing and footwear, housing and fuels, house maintenance, health […]
Burst Bubble?
May 30, 2008 (LBO) – World oil prices held steady in Asian trade on Friday after sharp falls on concerns over falling demand in the United States and other developed countries, analysts said.New York’s main oil futures contract, light sweet crude for July delivery, was 17 cents lower at 126.45 dollars a barrel after losing […]
Latest Sri Lanka journalist killing outrageous: rights body
May 30, 2008 (LBO) – An international media rights body said it was outraged by the hacking to death of a Sri Lankan television journalist in the northern Jaffna peninsular along with a friend. “Caught in the crossfire between two armed forces, journalists in the Jaffna peninsula are constantly the targets of threats, kidnappings and […]
Top Sri Lanka official says freezing prices an economic crime
May 29, 2008 (LBO) – A top official of a government body said freezing prices of government output was an ‘economic crime’ because the popular concept of ‘government bearing the burden’ had no factual basis. “Suppressing prices and freezing them is an economic crime,” head of Sri Lanka Railways Lalithasiri Gunaruwan told reporters. “It is […]