Sri Lanka should punish civil war crimes – UN forum

Sri Lanka should ensure government troops who committed war crimes towards the end of its war against Tamil rebels are brought to justice, the U.N. Human Rights Council said on Thursday. The Geneva-based forum adopted a resolution brought by the United States urging the Sri Lanka government to implement the recommendations of an official domestic… Continue reading Sri Lanka should punish civil war crimes – UN forum

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Sri Lanka rejects need for U.N. war crime resolution

Sri Lanka Monday rejected U.N. involvement in probing allegations of army atrocities in the long war against Tamil rebels that ended in 2009, saying U.N. calls to prosecute soldiers guilty of misconduct were "unwarranted incursions." Mahinda Samarasinghe, Sri Lanka’s minister of plantation industries, told the 47-nation U.N. Human Rights Council that the Indian Ocean state… Continue reading Sri Lanka rejects need for U.N. war crime resolution

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Sri Lanka rejects need for U.N. war crime resolution

Sri Lanka Monday rejected U.N. involvement in probing allegations of army atrocities in the long war against Tamil rebels that ended in 2009, saying U.N. calls to prosecute soldiers guilty of misconduct were "unwarranted incursions." Mahinda Samarasinghe, Sri Lanka’s minister of plantation industries, told the 47-nation U.N. Human Rights Council that the Indian Ocean state… Continue reading Sri Lanka rejects need for U.N. war crime resolution

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IMF says encouraged by Sri Lanka’s policy changes

The International Monetary Fund (IMF) on Friday said it was encouraged by Sri Lanka’s monetary and exchange rate policy changes amid a sharp drop in foreign exchange reserves and significant widening of the current account deficit. "There was broad agreement that a decisive policy response was needed to put the economy on a sounder macroeconomic… Continue reading IMF says encouraged by Sri Lanka’s policy changes

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Sri Lanka bourse slips ahead of policy rates, IMF

Sri Lanka’s share market fell more than 1 percent on Thursday, erasing 28 billion rupees ($245.83 million) of value, a day ahead of the central bank’s monetary policy announcement and expected International Monetary Fund comments on the economy. Retail investors, meanwhile, booked profits to settle debts after the regulator suspended trading of warrants in Environmental… Continue reading Sri Lanka bourse slips ahead of policy rates, IMF

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Sri Lanka is no pearl on China’s string, Rajapaksa says

President Mahinda Rajapaksa was emphatic: China’s presence in Sri Lanka is strictly business, and not political. Challenged on speculation that China financed and built the $1.4 billion Mahinda Rajapaksa port on Sri Lanka’s south coast so it could sneak a naval base into India’s backyard, Rajapaksa laughed and said his giant neighbour had not complained.… Continue reading Sri Lanka is no pearl on China’s string, Rajapaksa says

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India to Sri Lanka: Don’t miss reconciliation chance

India’s foreign minister on Tuesday urged Sri Lanka to forge ahead with political reconciliation steps recommended by a presidential inquiry into the end of its civil war, and signed economic cooperation agreements worth $443 million. External Affairs Minister S.M. Krishna, on a three-day visit to India’s island neighbour, said the presidentially-appointed Lessons Learnt and Reconciliation… Continue reading India to Sri Lanka: Don’t miss reconciliation chance

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Oil minnow Sri Lanka has most reasons to worry about Iran oil

Sri Lanka may be a minnow in the oil world, but a near total reliance on Iranian crude imports means it has more reason than most to find a way to avoid being caught in the clutches of U.S. sanctions. The island’s only refinery — the 50,000 barrels-a-day Sapugaskanda refinery — is almost entirely reliant… Continue reading Oil minnow Sri Lanka has most reasons to worry about Iran oil

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South Africa’s Sun City to invest $800 mln in Sri Lanka tourism

South Africa’s Sun City resort will invest $800 million in a tourism project in Sri Lanka, the head of the island nation’s state-run Tourism Board said on Friday. Sun City resort is run by South African gaming and hotels group Sun International Ltd. It will be the largest ever investment in the country’s leisure sector,… Continue reading South Africa’s Sun City to invest $800 mln in Sri Lanka tourism

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