Tag: Sri Lanka
Sri Lanka post-war growth shift smaller
May 27, 2013 (LBO) – A post-war growth spurt is temporary and there was no ‘structural shift’ to eight percent a year from six, needing policy changes, an economist said, echoing a call by the International Monetary Fund to improve policy. Harsha De Silva, who is also a legislator for the opposition said while there […]
Sri Lanka not revealing fiscal data according to law: legislator
May 27, 2013 (LBO) – Sri Lanka current administration is breaking the law in withholding information that should be filed in parliament under a fiscal responsibility law, which should be corrected from this year, a legislator has said.In the first three months of the year state and SOE borrowings from the banking system rose to […]
Sri Lanka monk dies after self-immolation
May 25, 2013 (AFP) – A Sri Lankan Buddhist monk died Saturday of severe burns a day after setting himself on fire to protest the slaughter of cattle, an official said.Bowatte Indaratna, 30, succumbed to his injuries at the National Hospital in Colombo where he was rushed Friday after his self-immolation bid in front of […]
‘s last rites spark Sri Lanka protest
COLOMBO, May 26, 2013 (AFP) – About 200 Sri Lankan Buddhists blocked traffic in the capital Colombo on Sunday to protest after authorities rejected a state funeral for the country’s first ever monk to self-immolate.More than 110 Tibetan Buddhists have set themselves ablaze since 2009 to protest China’s rule of the Tibetan plateau, rights groups […]
Sri Lanka state, SOE, bank borrowings top Rs100bn in March
May 26, 2013 (LBO) – Bank credit to Sri Lanka’s state enterprises and central government surged to 100.6 billion rupees in March 2013 from 36.7 billion a month earlier, official data shows, perhaps the highest ever in a single month.But the broader public sector deficit with loss making energy enterprises was 8.6 percent of GDP […]
Sri Lanka monk fights for life after immolation bid
May 25, 2013 (AFP) – A Sri Lankan monk was fighting for his life Saturday, a day after setting himself on fire to protest the slaughter of cattle, an official said. Bowatte Indaratna, 30, was flown to the main National Hospital in Colombo from the pilgrim town of Kandy where he doused himself with gasoline […]
Sri Lanka monk attempts to self-immolate: police
May 24, 2013 (AFP) – A Sri Lankan monk set himself on fire on Friday to protest the slaughter of cattle, in the country’s first attempt at self-immolation by a monk, police said.More than 110 Tibetans have set themselves alight since 2009, with most dying of their injuries, in demonstrations against what they view as […]
Sri Lankans arrested over human smuggling in Britain, France: Europol
THE HAGUE, 2013 (AFP) – Europol on Wednesday said 18 people, mostly Sri Lankans, were arrested in joint police raids in Britain and France on suspicion of being part of a human trafficking ring that smuggled South Asian immigrants into Britain. “During the joint operation, 11 suspects were arrested in the UK and seven in […]
Sri Lanka economic forum to discuss “re-balancing”: Ceylon Chamber
May 24, 2013 (LBO) – An economic policy forum in July aims to focus attention on critical areas of the economy that need more attention of policy makers, Sri Lanka’s Ceylon Chamber said.There had already been a focus on infrastructure development, north-east reconstruction, development of the less developed regions, and priority on agriculture and food […]
Sri Lanka will not buy new limos for CHOGM: minister
May 23, 2013 (LBO) – Sri Lanka will not buy new limousines for the Commonwealth summit in Colombo and instead visiting heads of government will travel in cars taken on loan from ministries and departments, cabinet spokesman Anura Yapa said today.The minister denied reports that the government planned to import a dozen brand-new Rolls Royce […]
Sri Lanka should have more strikes to boost attendance: minister
May 23, 2013 (LBO) – Sri Lanka’s opposition parties should call more general strikes to improve attendance among state workers, a government minister said following a failed strike over an electricity price hike.Also in Sri Lanka budget deficits bordering 20 percent of gross domestic product, partly financed with central bank credit (printed money) had driven […]
Oil prices falls on hopes that US Fed will end excessive money printing
SINGAPORE, May 23, 2013 (AFP) – Oil extended its losses in Asian trade on Thursday on a stronger dollar after the US Federal Reserve hinted that it could ease its massive stimulus policy soon, analysts said. “The reality is that US crude inventory remains high, indicating weak demand as the driving season approaches,” said Spooner. […]