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”’ brings down curtain on dynasty
Sri Lanka’s President Chandrika Kumaratunga has relinquished her office, ending 11 turbulent years in power and bringing down the curtain on the Bandaranaike dynasty.Sri Lanka’s President Chandrika Kumaratunga has relinquished her office, ending 11 turbulent years in power and bringing down the curtain on the Bandaranaike dynasty. She came to power in 1994 promising to […]
‘s new president move to roll back budget could scare off investor, undo fiscal discipline
The unprecedented move to roll back Sri Lanka’s budget for 2006 could scare off investors and undo fiscal discipline if new President Mahinda Rajapakse’s subsidy-laden manifesto is translated into action, analysts said.The unprecedented move to roll back Sri Lanka’s budget for 2006 could scare off investors and undo fiscal discipline if new President Mahinda Rajapakse’s […]
New president rejects Sri Lanka budget
Sri Lanka’s new President Mahinda Rajapakse Saturday announced he would ditch the national budget for 2006 pending before parliament after it was presented by his predecessor two weeks ago. Sri Lanka’s new President Mahinda Rajapakse Saturday announced he would ditch the national budget for 2006 pending before parliament after it was presented by his predecessor […]
Election promises set to cost Sri Lanka’s new president
Sri Lanka’s socialist president-elect Mahinda Rajapakse has set himself a challenge to deliver the raft of subsidies he promised voters in South Asia’s most liberal and war-battered economy, analysts said Friday.Sri Lanka’s socialist president-elect Mahinda Rajapakse has set himself a challenge to deliver the raft of subsidies he promised voters in South Asia’s most liberal […]
Bloodbath on Sri Lanka’s tiny bourse
Sri Lanka’s tiny stockmarket plunged when trading opened on Friday as investor dumped stocks on news that premier Mahinda Rajapakse had taken an early lead in Thursday’s presidential poll, brokers said.Sri Lanka’s tiny stockmarket plunged when trading opened on Friday as investor dumped stocks on news that premier Mahinda Rajapakse had taken an early lead […]
Tamil Tigers outfox dove to dim Sri Lanka peace hopes
Sri Lanka’s Tiger rebels deliberately ditched the man who signed a truce with them and cleared the way for his hawkish rival to win the presidency in a calculated move that has dashed peace hopes, analysts said Friday.Sri Lanka’s Tiger rebels deliberately ditched the man who signed a truce with them and cleared the way […]
Peace hopes dim as socialist PM wins Sri Lanka presidency
Prime Minister Mahinda Rajapakse on Friday officially won Sri Lanka’s tightly-fought battle for the presidency in a victory which analysts said dimmed the island’s peace hopes.Prime Minister Mahinda Rajapakse on Friday officially won Sri Lanka’s tightly-fought battle for the presidency in a victory which analysts said dimmed the island’s peace hopes. Rajapakse, a socialist who […]
‘s new president
Sri Lanka’s socialist president-elect Mahinda Rajapakse has set himself a challenge to deliver the raft of subsidies he promised voters in South Asia’s most liberal and war-battered economy, analysts said Friday.Sri Lanka’s socialist president-elect Mahinda Rajapakse has set himself a challenge to deliver the raft of subsidies he promised voters in South Asia’s most liberal […]
UNP cries fowl, says call for re-poll in north was rejected
The defeated UNP camp says its is seeking legal advise on taking the elections chief to courts for turning down their call for a re-poll in the North. The defeated UNP camp says its is seeking legal advise on taking the elections chief to courts for turning down their call for a re-poll in the […]
Sri Lanka stocks plunged to record lows
Sri Lankan stocks crashed nearly seven percent at Friday’s close as socialist President-elect Mahinda Rajapakse narrowly beat a market-friendly favourite, brokers said. Sri Lankan stocks crashed nearly seven percent at Friday’s close as socialist President-elect Mahinda Rajapakse narrowly beat a market-friendly favourite, brokers said. The benchmark All Share Price index plunged 174 points to 2,325, […]