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Sri Lanka looks to restore war zone property COLOMBO: Sri Lanka is to bring in special property laws to protect the rights of hundreds of thousands of people displaced by the island's Tamil separatist war, a justice ministry official said Sunday. The measure could see absentee owners, or their heirs, looking to reverse decades of possession by other people in both the conflict-wracked north and east of the country and elsewhere. Under existing Sri Lankan law, a squatter can claim ownership of a property after occupying it for 10 years without legal challenge, but ministry spokesman A.R.A. Hafeez said the cabinet approved new rules to remove the time limit. "The intention is to help people reclaim property they may have lost during the years of fighting," he said. Any person who became "displaced" between May 1983 and 2012 will be eligible to make a claim to repossess their property, whether it is in the conflict area or other parts of Sri Lanka. An ...

Myanmar sees the dawn of the opinion poll YANGON: Cowed by decades of brutal army rule, Myanmar's population is not used to openly voicing opinions, but as a taboo on political discussion wanes pollsters are stepping up to take the pulse of the nation. For the public, being confronted by questions such as "Are you satisfied with healthcare?", "What do you think of the president's stand on rights?" or "Are you worried about corruption?" is a new experience. What may seem like ordinary opinion poll ...
Japan PM to reshuffle cabinet on Monday  TOKYO: Japan's Prime Minister Yoshihiko Noda said he will reshuffle his cabinet on Monday in an attempt to secure opposition support for passing legislation to increase a tax on sales. Defence Minister Naoki Tanaka and Transport, Land and Infrastructure Minister Takeshi Maeda are widely expected to lose their jobs. The leading opposition Liberal Democratic Party (LDP) has called for both to be dismissed after they were censured by the upper house in April for a series of ...
Indian preliminary hearing for Italian marines  THIRUVANANTHAPURAM: Two Italian marines accused of murdering two Indian fishermen were in court Saturday for a preliminary hearing in a case that has caused a diplomatic row, as Rome called for their return. The two marines, who are out on bail, deny murder, saying they mistook the fishermen for pirates as they guarded an Italian oil tanker. Massimiliano Latorre and Salvatore Girone, who shot dead the fishermen off India's southwestern coast on February 15, appeared in the ...
NATO forces rescue four aid workers in north Afghanistan  KUNDUZ: A NATO rescue team dropped by helicopter in the remote mountains of northern Afghanistan early on Saturday freed four aid workers, including two foreigners, who had been seized by the Taliban last month, the alliance said. The aid workers, employed by Swiss-based Medair, were en route to flood-stricken parts of Badakhshan province when they were kidnapped. NATO forces entered the area under cover of darkness and after confirming the presence of the hostages, carried out a ...
Myanmar has stopped nuclear research: defence chief SINGAPORE: Myanmar's government has halted fledgling research on the peaceful use of nuclear power, the country's defence minister said Saturday. Lieutenant General Hla Min told an Asia security conference in Singapore that the academic research had not progressed much because of what he called practical constraints. "In this new government, we have already given up all activities of nuclear issues. We have no future plans to extend on this," he said through an interpreter. Hla Min acknowledged that ...
Special force free aid workers in Afghanistan KABUL: NATO special force rescued two foreign women hostages and killed five kidnappers in a daring night raid on a cave in Afghanistan's remote Badakhshan province, the military said Saturday. The women, who worked for Swiss-based charity Medair, were named as Helen Johnston and Moragwe Oirere. Two Afghan colleagues kidnapped with them on May 22 were also freed unharmed. All are well and in good condition, Afghan officials told AFP. "The mission to rescue the hostages was launched ...

 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln