S. Lanka says to intervene if food supply hits inflation

Sri Lanka sees the risk of supply-side inflation as low, but will intervene with a support mechanism such as a tariff reduction on food imports to offset it if it happens, the central bank governor said on Tuesday. "We are closely watching any spikes in inflation due to supply shocks," Central Bank Governor Ajith Nivard… Continue reading S. Lanka says to intervene if food supply hits inflation

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S.Lanka holds suspect in media attack; U.S. worries on freedom

Sri Lankan police arrested on Tuesday a suspect in the torching of the offices of a web site critical of the government, an attack which drew condemnation from the U.S. government. Monday’s arson at the office of U.K.-based web site www.lankaenews.com, which regularly criticises the government and has links to a politician who fell out… Continue reading S.Lanka holds suspect in media attack; U.S. worries on freedom

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Sri Lanka says $1 bln hotel, shopping mall deals inked

Sri Lanka on Friday said nearly $1 billion of foreign investment will flow into a 500-room hotel and a shopping mall, the largest investments so far into its post-war tourism boom. The island nation’s cabinet has approved a $500 million shopping mall project by China National Aero Technology Import and Export Corporation (CATIC) in the… Continue reading Sri Lanka says $1 bln hotel, shopping mall deals inked

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Sri Lanka flood death toll rises to 23, crop risk grows

The death toll from flooding across a third of Sri Lanka rose to 23 people on Thursday, and another 100,000 people were forced from their homes as heavy monsoon rains lashed the island and threatened food supplies. The Agricultural Ministry said at least 21 percent of Sri Lanka’s staple rice crop had been destroyed, raising… Continue reading Sri Lanka flood death toll rises to 23, crop risk grows

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China Communications to build S. Lanka port expansion

China Communications Construction Company (1800.HK: Quote) has been given an $810 million contract to build the second phase of Sri Lanka’s new port, the ports authority said on Monday. Hambantota, which opened in November, is set to be Sri Lanka’s biggest port once completed and give the Indian Ocean country access to traffic on one… Continue reading China Communications to build S. Lanka port expansion

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Sri Lanka says U.N. panel can not conduct own war crimes probe

Sri Lanka said on Thursday it would not allow a U.N. panel to conduct an independent probe into the country’s 25-year war, a few weeks after reversing a ban on U.N. members taking part in a controversial, local investigating body. The government said in a statement the U.N. panel can only testify before the Lessons… Continue reading Sri Lanka says U.N. panel can not conduct own war crimes probe

WikiLeaks renews accusations over Sri Lanka war crimes

The United States believes there is little prospect Sri Lanka will hold anyone accountable for the bloody end of the war with the Tamil Tigers because war crimes allegations involve top government figures, leaked U.S. documents say. The January 15 cable sent by U.S. Ambassador to Sri Lanka Patricia Butenis is among thousands of classified… Continue reading WikiLeaks renews accusations over Sri Lanka war crimes

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Sri Lanka extends war commission by six months

Sri Lanka on Monday extended the mandate of a commission probing the final years of a three-decade separatist conflict, which it says is a crucial mechanism for reconciliation after the end of the war in May 2009. President Mahinda Rajapaksa has resisted external pressure for an international probe into allegations that both the Tamil Tigers… Continue reading Sri Lanka extends war commission by six months

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