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
Author: Reuters
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
UN defends Ban Ki-moon against rights criticism
The United Nations defended Secretary-General Ban Ki-moon on Monday against charges he has failed to speak out on human rights, saying that Ban had achieved positive results around the world. The criticism of Ban’s rights record comes at a difficult time for the former South Korean foreign minister, who is widely expected to run for… Continue reading UN defends Ban Ki-moon against rights criticism
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
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
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
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
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
Sri Lanka aims to cut oil import dependence
Sri Lanka aims to double its refining capacity and convert all fuel oil-based power plants to gas to cut its dependence on costly imports, its oil minister said on Wednesday. Susil Premajayantha also said the island nation was planning to overhaul its tax structure in the budget on Nov. 22 — a move which could… Continue reading Sri Lanka aims to cut oil import dependence
