Stones hurled at Sri Lankan broadcaster’s office; 4 hurt

Hundreds of people stormed the head office of Sri Lanka’s largest private broadcaster on Monday and hurled stones at the building, smashing windows and damaging parked cars, witnesses said. The attack by an estimated 200 people on the pro-opposition network came as the campaign for parliamentary polls on April 8 hots up. Witnesses also said… Continue reading Stones hurled at Sri Lankan broadcaster’s office; 4 hurt

Sri Lanka slams U.S. rights report

Sri Lanka dismissed a U.S. State Department report on Monday accusing it of violating citizens’ rights, saying the allegations were unsubstantiated and based on reports by unnamed sources. The State Department’s annual human rights survey faulted both the Sri Lankan government and the Tamil Tiger separatists in the island’s 25-year-civil war which ended last year.… Continue reading Sri Lanka slams U.S. rights report

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INTERVIEW-Sri Lanka to request IMF waiver on deficit-cbank

Sri Lanka will seek a waiver from the International Monetary Fund (IMF) after failing to meet its 2009 budget deficit target as agreed for a $2.6 billion loan, the central bank said on Monday. Authorities hope a waiver would allow payments from the loan to resume, K.D. Ranasinghe, the chief economist at the central bank,… Continue reading INTERVIEW-Sri Lanka to request IMF waiver on deficit-cbank

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China to loan Sri Lanka $290 mln for airport, railways | Reuters

China has agreed to lend $290 million to Sri Lanka to build a new airport and revive its railway network, the island nation’s foreign ministry said on Wednesday. China will provide a $190 million loan through its funding arm, Exim Bank, to construct the island’s second airport and $100 million to boost the capacity of… Continue reading China to loan Sri Lanka $290 mln for airport, railways | Reuters

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Rights experts to advise U.N.’s Ban on Sri Lanka

  U.N. Secretary-General Ban Ki-moon plans to ask a panel of experts to advise the world body on "accountability issues" relating to possible human rights abuses in Sri Lanka, his spokesman said Friday. In a telephone conversation with Sri Lankan President Mahinda Rajapaksa Thursday evening, Ban said he intended to "go ahead with the establishment… Continue reading Rights experts to advise U.N.’s Ban on Sri Lanka

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Q+A-Sri Lanka IMF loan delay and parliamentary election

Sri Lanka will initiate economic reforms in its next budget following a parliamentary election in April, after the IMF delayed a tranche of a $2.6 billion loan to add pressure on the government to rein in a budget deficit. [ID:SGE6220HA] Here are some questions and answers on the implications of the IMF delay, announced late… Continue reading Q+A-Sri Lanka IMF loan delay and parliamentary election

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Sri Lanka readies tax and investment reforms, says official

Sri Lanka will initiate tax and investment reforms in its next budget following a parliamentary election in April, a government official said on Thursday, amid pressure from the IMF to rein in a budget deficit. Last week the International Monetary Fund delayed the third tranche of a $2.6 billion loan after Sri Lanka failed to… Continue reading Sri Lanka readies tax and investment reforms, says official

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India allows some rice exports to Nepal, Sri Lanka

India has allowed exports of 20,000 tonnes of non-basmati rice to Sri Lanka and 25,000 tonnes to Nepal, the government said in a statement on Wednesday, partly lifting the ban on shipment of regular grades. Exports would be allowed through two state-run companies, said the Directorate General of Foreign Trade, an arm of the commerce… Continue reading India allows some rice exports to Nepal, Sri Lanka

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