Tag: Sri Lanka
Sri Lanka mangrove conservation scheme gathers pace
April 28, 2008 (LBO) – A program to conserve Sri Lanka’s mangrove eco-systems is gathering pace with the support of coastal communities, government and private sector organizations, officials said. The Mangroves for the Future (MFF) initiative launched with the International Union for Conservation of Nature (IUCN), the United Nations Development Program (UNDP) is also working […]
Iranian president touch down in Pakistan before Sri Lanka vist
RAWALPINDI, Pakistan, April 28, 2008 (AFP) – Iranian President Mahmoud Ahmadinejad arrived Monday in Pakistan for a brief visit to meet the country’s new government and his Pakistani counterpart Pervez Musharraf.Ahmadinejad’s plane touched down at Chaklala Airbase in Rawalpindi, a garrison city adjoining Islamabad, where an air force honour guard greeted him on the tarmac, […]
Sri Lankans pray for miracles as civilians pay high price
KAHAPOLA, Sri Lanka, April 27, 2008 (AFP) – With both hands clasped, Pat Amarasinghe prays before a Buddha statue seeking divine help for the impossible — to bring back her son, Ishara, who died in a bus blast in Sri Lanka. Ishara and his fiancee, Geethika, both 24, were among 26 people killed when suspected […]
Sri Lanka blast kills 12 and injures 30
April 25, 2008 (LBO) – A blast near a crowded bus station South of Sri Lanka’s capital Colombo has left at least 12 dead and more than a 40 injured, police and eyewitnesses said. The explosion went off in the suburb of Piliyandala during the evening rush hour at around 6.45 pm authorities aid. An […]
Sri Lanka private sector credit falls further: Central Bank
April 23, 2008 (LBO) – Sri Lanka’s private sector credit growth has fallen to 15.8 percent in February from the highs of 25 to 26 percent reach in 2007, but credit to state enterprises should fall further, the Central Bank said. “Although credit to public corporations also declined to 47.5 billion rupees during the month […]
Sri Lanka to subsidize dairy credit amid high interest rates
April 23, 2008 (LBO) – Sri Lanka’s government will give interest subsidies for banks to lend up to 5,000 million rupees to dairy farmers and agricultural processors, the country’s central bank said. “With the sharp increase in the prices of milk powder and food crops in global markets, a favourable environment has been created for […]
Sri Lanka trade deficit doubles, foreign reserves up
April 22, 2008 (LBO) – Sri Lanka’s trade deficit doubled in the first two months of the year to 937 million dollars but the overall balance of payments was in surplus by 448 million dollars, the central bank said. In February exports grew 9.7 percent to 642.6 million dollars with tea exports rising 42. 1 […]
Sri Lanka relaxes rice price controls
April 22, 2008 (LBO) – Sri Lanka has lifted price controls on the rice wholesale trade, a top official said, ending a short-lived socialist experiment not seen in the country since the heavy money printing and control era of the 1970’s. Trade ministry secretary R M K Ratnayake said a decision had been made to […]
Sri Lanka human rights record criticised by foreign experts
April 22, 2008 (AFP) – A team of international legal experts Tuesday stepped up their criticism of Sri Lanka, noting that repeated calls to improve its record on the issue had fallen on deaf ears. The International Independent Group of Eminent Persons (IIGEP) said Colombo lacked the political will to investigate grave rights abuses. The […]
Sri Lanka must improve human rights, ensure free poll, says US official
April 22, 2008 (LBO) – The United States has called on Sri Lanka to improve its human rights record and ensure forthcoming elections in the east are free and fair, the embassy said in a statement Tuesday. It quoted Principal Deputy Assistant Secretary for South and Central Asian Affairs Don Camp as characterizing his meetings […]
” of rice
April 21, 2008 (LBO) – An examination of futures prices show that there is no ‘shortage’ of rice, but government meddling in rice production and marketing is causing other negative fallouts, a top economist has said. Steve Hanke, from the Johns Hopkins University of Baltimore in the United States, says the term structure of Thai […]
Sri Lanka agriculture, construction workers earn less, services do better
April 21, 2008 (LBO) – Sri Lankan agriculture and construction workers saw their earnings eroded by high inflation in 2007 for the second year running while public sector workers and the service sector saw real increases, the central bank said. ” . . . as experienced in the previous year, both the agriculture and construction […]