The Lanka Academic

 
JANUARY 5, 2010 EST, USA
 
QUAERE VERUM
 
VOL. 10, NO. 274

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EU Plans Temporarily Stop on Sri Lanka's Duty Free Export Status
BikeEu, Jan 6. BRUSSELS, Belgium – The European Commission has completed a thorough investigation into the human rights situation in Sri Lanka in relation to the country’s duty free export status for bicycles and bicycle parts. Christiane Hohmann, the Commission’s spokesperson for Trade said:

“Sri Lanka is not living up to the commitments it made to respect international human rights standards when it became a beneficiary of the European Union’s General System of Preferences (GSP+) trade incentive scheme which provides for additional trade benefits. We have come to the conclusion that there are significant shortcomings in this area and that Sri Lanka is in breach of its GSP+ commitments.”

The Commission launched this investigation on 14 October 2008 to assess whether the national legislation of Sri Lanka incorporating three UN human rights conventions was effectively implemented. These three conventions, the International Covenant on Civil and Political Rights (ICCPR), the Convention against Torture (CAT) and the Convention on the Rights of the Child (CRC) are among the 27 international conventions that form part of the substantive qualifying criteria for GSP+. More...Discuss this story
Published: Tue Jan 5 20:32:19 EST 2010


Sri Lanka extends emergency
hindu, jan 6. COLOMBO: The Sri Lankan Parliament on Tuesday voted to extend the state of emergency in the country by another month.

The government motion was passed with 97 members voting in favour and 18 members voting against.

Emergency in Sri Lanka was re-imposed after the assassination of the former Foreign Minister, Lakshman Kadirgamar, by suspected LTTE cadres in August 2005.

Under the Sri Lankan Constitution, only Parliament has the right to proclaim emergency and it is valid only for a month. From August 2005, the Sri Lankan Parliament has been extending the emergency every month. More...Discuss this story
Published: Tue Jan 5 20:15:46 EST 2010 Back to the top


Feds: New charges pending against Rajaratnam
AP, Jan 6. NEW YORK - Federal prosecutors said Tuesday they will file new charges against billionaire Sri Lankan-born hedge fund operator Raj Rajaratnam alleging he made at least $36 million from trades based on insider information, double what the government previously believed.

The government's plans were outlined in court papers filed in U.S. District Court in Manhattan. Prosecutors oppose a request by lawyers for Rajaratnam to reduce his bail from $100 million to $25 million. Government attorneys said a rewritten indictment will be brought. More...Discuss this story
Published: Tue Jan 5 20:16:40 EST 2010 Back to the top


Fonseka slammed for agreeing to TNA’s demand
EN, Jan 6. COLOMBO: The Mahinda Rajapaka camp has slammed the joint opposition Presidential candidate Gen... Back to the top

Jaffna: Canvassing in Tamil heartland
HT, Jan 6. Eminent history professor S Pathmanathan recently explained the origin of the name Jaffna to me... Back to the top

Rajaratnam Profits Reached $36 Million, U.S. Says (Update1)
Bloomberg, Jan 6. Jan. 5 (Bloomberg) -- Federal prosecutors doubled the amount that they say Galleon Group founder Raj Rajaratnam earned in a broad insider trading scheme. U... Back to the top

Shell fails to honor solar warranties
UPI, jan 6. COLOMBO, Sri Lanka, Jan. 5 (UPI) -- The World Bank and green energy companies have accused oil giant Shell of not honoring warranties on solar power systems sold to the developing world, the Guardian reports. At issue is the "widespread" breakdown of Shell solar equipment in Sri Lanka and other locations... Back to the top

Perera key in Lanka win
newkerala, jan 6. Mirpur (Bangladesh), Jan 5 : It was Sri Lanka's Thissara Perera, who sounded India's death knell in the last few overs of the second one day international of the tri series in Bangladesh on Tuesday... Back to the top

Sri Lankan citizens to be able to open foreign accounts
calcutta news, jan 6. Sri Lanka has said it will relax its strict foreign exchange controls... Back to the top

SRI LANKA 31 Jan 2010 Government sets deadline to close Tamil refugee camp
Newsahead, 5 Jan. The Sri Lanka government plans to close the camps where it has detained internally-displaced Tamil civilians since the defeat in May of the Liberation Tigers of Tamil Eelam (LTTE)... Back to the top

Sri Lanka bourse hits new record; rupee firmer
reuters, 5 Jan. COLOMBO, Jan 5 (Reuters) - Sri Lankan shares .CSE on Tuesday rose for the second consecutive day to hit a new record high on strong turnover. The rupee currency LKR= closed firmer after the central bank lowered dollar buying rates in line with weakening of dollar globally... Back to the top

General offers amnesty for LTTE
BBC SINHALA.COM, Jan 4. The former military commander of Sri Lanka standing for presidency has pledged the main Tamil party to grant a general amnesty for all former militants... Back to the top

Samaraweera fires Sri Lanka to victory
afp, Jan 5. DHAKA (AFP) – Thilan Samaraweera smashed a career-best 105 not out to guide Sri Lanka to a five-wicket win over India in a triangular one-day series match here on Tuesday... Back to the top

TNA to support Fonseka
hindu, jan 5. COLOMBO: The Tamil National Alliance (TNA) has decided to support the Sri Lankan Opposition consensus presidential nominee General (retired) Sarath Fonseka, an announcement by United National Party (UNP) which is leading the alliance in support of the General... Back to the top

Sri Lanka Economy to Expand More Than Forecast, Cabraal Says
bloomberg.com, Jan. 4. Jan. 4 (Bloomberg) -- Sri Lanka’s economy is likely to expand more than forecast in 2010 amid low inflation and interest rates, central bank Governor Nivard Cabraal said. The South Asian island’s gross domestic product will probably grow 7 percent this year after an expansion of 3.5 percent in 2009, Cabraal said in a presentation on 2010 policy in Colombo today... Back to the top

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