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Sri Lanka and LTTE agree to talk peace in October : Norway
Sri Lanka peace talks set for October: Norway Sept 12, 2006 (AFP) – Sri Lanka’s government and the Tamil Tiger rebels have agreed to “unconditional peace talks” in the first week of October, top Norwegian peace broker Erik Solheim told AFP Tuesday. The decision by the government and the rebel Liberation Tigers of Tamil Eelam […]
Sri Lanka, Tamil Tigers agree to hold peace talks
BRUSSELS, Sept 12, 2006 (AFP) – Sri Lanka’s warring parties have agreed to unconditional peace talks next month, the battle-scarred country’s international dialogue partners announced in Brussels on Tuesday.The decision by the government and the rebel Liberation Tigers of Tamil Eelam (LTTE) was discussed at a meeting of the island’s main foreign aid donors here, […]
Sri Lanka moves to save war-torn truce as donors meet
Sept 12, 2006 (AFP) – Sri Lanka on Tuesday agreed to a key concession to try to save the collapsing ceasefire as foreign aid donors were set to rap the island’s warring parties over escalating bloodshed.Diplomats said the SLMM would possibly include nationals from Switzerland and New Zealand.Sri Lanka defence spokesman Keheliya Rambukwella said the […]
Sri Lanka agrees to expand depleted truce monitoring mission
Sept 12, 2006 (AFP) – Sri Lanka has agreed to expand the peace monitoring mission in the war-torn country to include observers from other countries after Tamil Tiger rebels expelled European Union member states, an official said Tuesday. Defence spokesman Keheliya Rambukwella said the island’s main financial backers meeting in Brussels on Tuesday were expected […]
Constable killed, bomb wounds six in Sri Lanka
TRINCOMALEE, Sept 12(AFP) – A policeman was shot dead and six people were hurt in a bomb attack in Sri Lanka on Tuesday after weekend fighting between government and rebel forces left 185 combatants dead, officials said.The injuries occurred when a parcel bomb exploded as a police vehicle drove by in Trincomalee town, police said, […]
Sri Lanka earns US$ 220 mn in foreign investments
September 12, 2006 (LBO) – Sri Lanka has bagged 220 million dollars in direct investments for the six months to June, the island’s key promotional agency said Tuesday, with money mainly coming from telecommunications and IT sectors. However, the BOI says smaller investors are also difficult to monitor or control, with some cases of fraud […]
‘s economy expands by 7.9% 1H06
September 12, 2006 (LBO) – Sri Lanka’s economy grew at a blistering pace of 7.9 percent for the six months to June the Central Bank governor said, aided by growth in manufacturing, services and agriculture produce. Analysts say reserve growth has tapered off since mid 2006, and the government has ratcheted up dollar borrowings to […]
John Keells floats debenture to pay off debts
September 11, 2006 (LBO) – Sri Lanka’s John Keells Holdings secured an AAA (lka) rating for the upcoming 2.0 billion rupee debenture, but Fitch Rating Lanka says the group depends too much on the transportation unit to generate cash revenues. The bluechip conglomerate is raising money to pay off short term debts built up during […]
Minting Money
September 11, 2006 (LBO) — Sri Lanka’s Central Bank is spearheading a campaign to push up foreign exchange remittance from countrymen residing overseas, in an attempt to raise cash for development work.Using networks of the two state banks Bank of Ceylon and People’s Bank monetary authorities Monday launched an awareness campaign throwing incentives ranging from […]
Different Package
Sept 11, 2006 (AFP) – Finance ministers and top officials from Commonwealth countries meeting Monday in Sri Lanka’s capital said they will seek ways to cancel billions of dollars in debt owed by poor nations.Don McKinnon, the head of the 53-member Commonwealth, said he hoped finance ministers will be able to focus attention on debt […]