Sri Lanka will introduce fiscal reforms including tax changes in its 2011 budget, not in this year’s as had previously been pledged, the Indian Ocean island nation’s treasury secretary said on Thursday. Sri Lanka is aiming to tap a peace dividend after the end of a 25-year civil war a year ago to boost the… Continue reading INTERVIEW-Sri Lanka ’11 budget to introduce reforms-treasury
Author: Reuters
Sri Lanka shares slip from record high on profit taking
Sri Lanka’s shares slipped on Tuesday, snapping a six-day record streak as foreign and institutional investors booked profits in high trading volumes. The All-Share Price Index .CSE of the Colombo Stock Exchange fell 0.04 percent or 1.59 points to 4134.46. It hit a new all-time high of 4,161.56 points on Monday. "A layer of profit-taking… Continue reading Sri Lanka shares slip from record high on profit taking
Earnings hopes push Sri Lanka shares to new peak
Sri Lanka’s shares extended a record-setting streak to six days on Monday on hopes of better earnings, amid heavy retail buying. The All-Share Price Index .CSE of the Colombo Stock Exchange hit a new all-time high of 4,161.56 points, surpassing its previous high of 4,131.84 on Friday. It closed 0.35 percent firmer at 4,136.05. "Hopes… Continue reading Earnings hopes push Sri Lanka shares to new peak
Sri Lanka leader keeps key posts, budget seen delayed
Sri Lankan President Mahinda Rajapaksa on Friday appointed his brother to oversee the island nation’s post-war economic development in a slightly smaller cabinet but kept other key ministries himself. Rajapaksa retained the defence, finance, ports, aviation and highways portfolios in a cabinet cut to 37 from 51. The total number of ministers in Rajapaksa’s new… Continue reading Sri Lanka leader keeps key posts, budget seen delayed
INTERVIEW – Sri Lanka’s jailed general reaches parliament
Sri Lanka’s former army chief said his swearing-in as a member of parliament on Thursday was a "humiliation" to President Mahinda Rajapaksa’s government, which he said had jailed him illegally to crush his political career. It was the second victory for General Sarath Fonseka in 11 months, after he as army commander announced to the… Continue reading INTERVIEW – Sri Lanka’s jailed general reaches parliament
Sri Lanka ruling party records landslide win at polls
Sri Lankan President Mahinda Rajapaksa’s ruling coalition won the first parliamentary election since the end of a 25-year civil war, final election results showed on Wednesday. Rajapaksa’s ruling United Peoples Freedom Alliance (UPFA) won 144 seats in the 225-member parliament, falling short by six seats of the two-thirds majority that would enable him to change… Continue reading Sri Lanka ruling party records landslide win at polls
FACTBOX – What to watch for from Sri Lanka’s next government
Sri Lankan President Mahinda Rajapaksa swore in one of his party’s longest-serving members as prime minister on Wednesday, but delayed naming a new cabinet after securing a commanding parliamentary majority overnight. Since he won a three-decade war last May, Rajapaksa has told everyone to wait for the end of the political season before he made… Continue reading FACTBOX – What to watch for from Sri Lanka’s next government
Sri Lanka swears in new prime minister, delays cabinet
Sri Lankan President Mahinda Rajapaksa swore in as prime minister one of the longest-serving members of his party on Wednesday, but delayed the naming of the cabinet after winning a commanding parliamentary majority. Rajapaksa’s ruling United Peoples Freedom Alliance (UPFA) secured 144 out of 225 seats in the parliament after re-polling on Tuesday in two… Continue reading Sri Lanka swears in new prime minister, delays cabinet
Sri Lanka finishes parliament vote hit by violence
Sri Lankans voted on Tuesday in two districts where violence forced the annulling of their ballots in an April 8 poll that gave President Mahinda Rajapaksa’s alliance a commanding parliamentary majority. World More than 1,000 police officers and soldiers were on hand in the Central Province district of Nawalapitiya, about 60 km (38 miles) east… Continue reading Sri Lanka finishes parliament vote hit by violence
Indonesia moves scores of Sri Lankan asylum seekers
Indonesia on Monday transfered over 100 Sri Lankan asylum seekers to a detention centre on the Riau islands near Singapore, officials said. The Indonesian navy in October intercepted a vessel carrying 260 migrants to Australia, and since then they have been held at Merak port, west of the capital, Jakarta. Asylum seekers from Sri Lanka,… Continue reading Indonesia moves scores of Sri Lankan asylum seekers
