Sri Lanka’s president will appoint a home-grown committee to probe a U.S. State Department report of possible war crimes at the end of Sri Lanka’s 25-year war against the Tamil Tigers, the government said on Monday. Sri Lanka is facing heavy Western pressure over its human rights record, which the government blames on members of… Continue reading Sri Lanka to probe U.S. charges of possible war crimes
Author: Reuters
Sri Lanka says EU trade loss won’t hurt exports
The potential loss of a European Union trade concession that helped Sri Lanka boost business in its largest export market will not have an adverse impact on exporters, the island nation’s central bank said on Wednesday. The EU published a probe on Monday that found Sri Lanka in breach of human rights laws, which threatens… Continue reading Sri Lanka says EU trade loss won’t hurt exports
Economy sprouts under guard in Sri Lanka’s north
The highway is open, prices are up and business is growing in post-war northern Sri Lanka, but traders say a legacy of tight security left by a 25-year conflict is holding back the region’s full potential. The northern Jaffna district has been all but cut off from most of Sri Lanka since war with the… Continue reading Economy sprouts under guard in Sri Lanka’s north
Sri Lanka faces loss of EU trade perks over rights
Brussels has consistently warned Sri Lanka that it must meet 27 international human rights conventions to retain its Generalised System of Preference Plus trade scheme. Suspending the preferential tariffs would hit Sri Lanka’s textile industry hard and many fear big job cuts as a result. In 2008, the European Union was Sri Lanka’s largest export… Continue reading Sri Lanka faces loss of EU trade perks over rights
India offers $100 mln to help Sri Lanka refugees
India offered Sri Lanka on Sunday $100 million to help war refugees return home and rebuild the country’s ravaged north, as New Delhi seeks to engage in the island nation’s post-war reconstruction and retain influence. Home Minister Palaniappan Chidambaram said India was willing to provide the aid package to Sri Lanka if it submitted a… Continue reading India offers $100 mln to help Sri Lanka refugees
EXCLUSIVE – EU probe slams Sri Lanka on human rights
A European Union probe has found Sri Lanka in breach of international human rights laws, meaning the South Asian country is likely to lose concessions worth over $100 million for its top exports to Europe, EU sources said. Brussels is expected to publish on Monday the findings of its investigation into Sri Lanka launched a… Continue reading EXCLUSIVE – EU probe slams Sri Lanka on human rights
U.S. charges billionaire Rajaratnam with record insider trading
Billionaire hedge fund founder Raj Rajaratnam and executives from some of the most prestigious U.S. companies were charged on Friday with the largest hedge fund insider-trading scheme ever. Investigators said they used court-approved telephone wire taps for the first time in a Wall Street insider trading case, sending shivers through the hedge fund industry which… Continue reading U.S. charges billionaire Rajaratnam with record insider trading
Sri Lanka in $500 mln, 5-yr bond sale
Sri Lanka is opening orders for only its second global bond ever, aiming to raise $500 million after investor sentiment towards the South Asian country improved sharply with the end of a 25-year civil war. The country, which debuted in the international bond market in 2007, is selling dollar bonds due in January 2015 in… Continue reading Sri Lanka in $500 mln, 5-yr bond sale
FACTBOX-Five political risks to watch in Sri Lanka
Sri Lankan President Mahinda Rajapaksa’s ruling coalition looks set to win polls in his native Southern Province on Saturday, seen as the last political step he wants to clear before calling an early presidential election. Following is a summary of five key risks in Sri Lanka, which won a 25-year war against the Tamil Tigers… Continue reading FACTBOX-Five political risks to watch in Sri Lanka
Armed violence kills 2,000 a day worldwide – groups
More than 2,000 people around the world are dying from armed violence each day, on average, advocacy groups said on Tuesday, urging nations to launch negotiations on a treaty to regulate the arms trade. A report by the 12 groups was issued as a U.N. General Assembly committee began considering a draft resolution that would… Continue reading Armed violence kills 2,000 a day worldwide – groups
