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Peace monitors call for action to halt war in Sri Lanka
Scandinavian truce monitors Friday blamed Tamil Tiger rebels for a wave of mine attacks that has killed dozens of troops and called for urgent action to prevent full-scale war in Sri Lanka.Scandinavian truce monitors Friday blamed Tamil Tiger rebels for a wave of mine attacks that has killed dozens of troops and called for urgent […]
Sri Lanka begins the process of ratifying SAFTA
Jan. 13 (LBO) – Sri Lanka’s cabinet agrees to ratify South Asia Free Trade Agreement (SAFTA), paving the way for its implementation later this year, Media Minister Anura Priyadharshana Yapa said Thursday.Jan. 13 (LBO) – Sri Lanka’s cabinet agrees to ratify South Asia Free Trade Agreement (SAFTA), paving the way for its implementation later this […]
Mine blast kills nine sailors as Sri Lanka vows no war
Suspected Tamil Tiger rebels Thursday blew up a navy bus, killing 10 sailors in fresh bloodshed as Sri Lanka vowed it will not return to war with the guerrillas.Suspected Tamil Tiger rebels Thursday blew up a navy bus, killing 10 sailors in fresh bloodshed as Sri Lanka vowed it will not return to war with […]
‘s Tigers seek military upper hand ahead of talks
Tamil Tiger rebels, blamed for a series of deadly attacks on Sri Lankan troops, are battling to gain the upper hand over the military ahead of a new round of peace talks, analysts said Friday.Tamil Tiger rebels, blamed for a series of deadly attacks on Sri Lankan troops, are battling to gain the upper hand […]
Fitch Ratings downgrades State Mortgage & Investment Bank
Sri Lanka’s State Mortgage & Investment Bank (SMIB) was downgraded by Fitch Ratings Lanka to A (sri) on deteriorating asset quality, and its inability to maintain market share, Fitch said Thursday. Sri Lanka’s State Mortgage & Investment Bank (SMIB) was downgraded by Fitch Ratings Lanka to A (sri) on deteriorating asset quality, and its inability […]
Weak Knees
Sri Lanka’s State Mortgage & Investment Bank (SMIB) was downgraded by Fitch Ratings Lanka to A (sri) from A+ (sri) on deteriorating asset quality and high exposure to interest rate risks, Fitch said Thursday. Sri Lanka’s State Mortgage & Investment Bank (SMIB) was downgraded by Fitch Ratings Lanka to A (sri) from A+ (sri) on […]
South Asian Footprint
ICICI Bank, India’s second-largest bank by assets, commenced business in Sri Lanka Thursday, with an eye on getting a slice of the growing bi-lateral trade and inward remittance market, officials said.ICICI Bank, India’s second-largest bank by assets, commenced business in Sri Lanka Thursday, with an eye on getting a slice of the growing bi-lateral trade […]
More EU aid for Sri Lanka, if peace prevails.
European Commission (EC) pledges more aid for Sri Lanka, if peace prevails.European Commission (EC) pledges more aid for Sri Lanka, if peace prevails. A statement from the EC’s Commissioner for External Relations, Benita Ferrero-Waldner on Thursday, said the benefits of European aid and trade were dependent on peace. “Above and beyond the next Euro 50 […]
Eight killed in Sri Lanka blast
At least eight sailors were killed in northern Sri Lanka Thursday when their bus was hit by a land mine explosion, military officials said. At least eight sailors were killed in northern Sri Lanka Thursday when their bus was hit by a land mine explosion, military officials said. Another eight sailors escaped with injuries in […]
Sri Lanka pledges not to start war
Sri Lanka Thursday pledged not to start a war with Tamil rebels despite an escalation of violence and expressed hope that peace broker Norway will salvage a truce with the guerrillas.Sri Lanka Thursday pledged not to start a war with Tamil rebels despite an escalation of violence and expressed hope that peace broker Norway will […]