Sri Lanka called an election in President Mahinda Rajapaksa’s native province, officials said on Tuesday, taking one of the last steps needed before he can call nationwide polls to capitalise on his victory over Tamil Tiger rebels. The poll in the Southern Province will be the last provincial vote in the island nation excluding the… Continue reading Sri Lanka to test post-war popularity before major polls
Author: Reuters
S.Lanka shares down on earnings, IMF conditions woes
Sri Lankan stocks .CSE fell on Monday in thin trade after blue chips posted poor earnings and as cautious investors steered clear, awaiting the full macroeconomic impact of an International Monetary Fund loan. The all-share index closed 0.54 percent or 13.55 points down at 2,512.15. It hit a near 14-month closing high on July 27,… Continue reading S.Lanka shares down on earnings, IMF conditions woes
S.Lanka shares rise on improved foreign buying
Sri Lankan stocks .CSE rose on Friday as investor confidence picked up on improved net foreign buying after a $2.6 billion loan from IMF despite some top listed firms posting poor earnings. The all-share index closed 0.55 percent or 13.85 points up at 2,525.70. It hit a near 14-month closing high on Monday. "Retail investor… Continue reading S.Lanka shares rise on improved foreign buying
UPDATE 1-S.Lanka to decide soon on $500 mln bond -c.bank
Sri Lanka is considering a $500 million sovereign bond issue among possible fundraising options and expects to make a decision in the next few weeks, central bank governor Ajith Nivard Cabraal said on Friday. The island nation is looking to raise funds to help rebuild its economy after a 25-year civil war ended in May.… Continue reading UPDATE 1-S.Lanka to decide soon on $500 mln bond -c.bank
S.Lanka shares end flat amid low foreign buying
Sri Lankan stocks .CSE closed flat on Thursday as retail investors, who bought expecting a rally fuelled by foreign inflows, dumped shares when foreign buying did not take off despite a $2.6 billion IMF loan approval. The all-share index edged up 0.07 percent or 1.84 points to 2,511.85. It hit a near 14-month closing high… Continue reading S.Lanka shares end flat amid low foreign buying
Rights group urges resettlement for Sri Lanka’s displaced
The international advocacy group Human Rights Watch urged the Sri Lankan government on Wednesday to release hundreds of thousands of Tamil civilian confined to displacement camps despite the end of the country’s civil war. "Haven’t they been through enough?" asked Brad Adams, the group’s Asia director, in an e-mailed statement. "Keeping several hundred thousand civilians… Continue reading Rights group urges resettlement for Sri Lanka’s displaced
India encircled by China’s string of pearls?
Many in India believe that Beijing is building special relationships with India’s old foe Pakistan and Sri Lanka and is extending its reach down the Indian Ocean. China’s ‘String of Pearls’ strategy seems to be surrounding India and has given food for thought to many in New Delhi for quite some time now. At the… Continue reading India encircled by China’s string of pearls?
IMF defends Sri Lanka loan amid human rights worries – Yahoo! Philippines News
The International Monetary Fund defended a $2.6 billion loan to Sri Lanka on Monday, saying it is aware of human rights concerns by Western donors but the funding is needed to prevent a devastating balance of payments crisis that would affect the poor. The loan was approved by the IMF board on Friday with opposition… Continue reading IMF defends Sri Lanka loan amid human rights worries – Yahoo! Philippines News
Q+A – Can Sri Lanka fulfill agreed econ reforms with IMF?
The International Monetary Fund (IMF) approved a $2.6 billion loan for Sri Lanka to help the country through the global financial crisis and rebuild following a 25-year civil war. Sri Lanka will immediately be able to tap the first disbursement of $322 million under the 20-month programme but the rest will be phased in, subject… Continue reading Q+A – Can Sri Lanka fulfill agreed econ reforms with IMF?
Tamil diaspora unites to surmount challenges
Suren Surendiran is a senior member of the British Tamils Forum. The opinions expressed are his own.– “Colombo should make public its lists of the interned and allow the Red Cross access to all places of detention and all aspects of the “screening” process conducted by the military and intelligence agencies. The international community has… Continue reading Tamil diaspora unites to surmount challenges
