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Senior official shot dead in Sri Lanka ahead of peace moves
Suspected Tamil Tiger rebels shot dead a senior government official in eastern Sri Lanka Friday ahead of a visit to the region by a Norwegian peace envoy, the defence ministry said.Suspected Tamil Tiger rebels shot dead a senior government official in eastern Sri Lanka Friday ahead of a visit to the region by a Norwegian […]
IMF cuts Sri Lanka’s growth targets, warns there is little political will to push painful reforms
The International Monetary Fund has trimmed Sri Lanka’s 2005 growth by 0.75 percent, and warned that there was little political will to tackle painful reforms. The International Monetary Fund has trimmed Sri Lanka’s 2005 growth by 0.75 percent, and warned that there was little political will to tackle painful reforms. In its semi-annual World Economic […]
Sri Lanka picks up US$ 197 mn from ADB to help two tsunami projects
ADB today approved a US$197 million grant and loan package for two projects that will help rebuild tsunami- and conflict-affected areas of Sri Lanka. External funding for the projects will total $256 million including grant cofinancing by the European Commission and Sweden. ADB today approved a US$197 million grant and loan package for two […]
Tsunami deal with Tigers would set stage for Sri Lanka peace deal: president
Sri Lanka’s president called Thursday for a deal with Tamil Tiger rebels on distributing aid to tsunami survivors, saying it would set the stage for a final agreement to end a decades-old separatist war.Sri Lanka’s president called Thursday for a deal with Tamil Tiger rebels on distributing aid to tsunami survivors, saying it would set […]
Tsunami may spur economic growth despite deadly destruction: IMF
The tsunamis that slammed 11 Indian Ocean nations and killed an estimated 217,000 people could boost economic growth in hard hit countries thanks to reconstruction, the IMF said Wednesday.The tsunamis that slammed 11 Indian Ocean nations and killed an estimated 217,000 people could boost economic growth in hard hit countries thanks to reconstruction, the IMF […]
Oil prices, tsunami put brakes on South Asia growth
Higher oil prices, the Indian Ocean tsunamis and patchy rains are expected to slow South Asia’s economic growth rate in 2005 to 6.5 percent from 7.1 percent logged in the past two years, the IMF said.Higher oil prices, the Indian Ocean tsunamis and patchy rains are expected to slow South Asia’s economic growth rate in […]
‘s growth targets, warns there is little political will to push painful reforms
The International Monetary Fund has trimmed Sri Lanka’s 2005 growth by 0.75 percent, and warned that there was little political will to tackle painful reforms. The International Monetary Fund has trimmed Sri Lanka’s 2005 growth by 0.75 percent, and warned that there was little political will to tackle painful reforms. In its semi-annual World Economic […]
Hallo Ko-ho-mada
Sri Lankan lovers can now say ‘I love you’ in Sinhalese or Tamil instead of pouring out their emotion through their mobiles in English Text.Sri Lankan lovers can now say ‘I love you’ in Sinhalese or Tamil instead of pouring out their emotion through their mobiles in English Text. Local language cell-phone applications are catching […]
Sri Lanka holds interest rate steady for fifth month
Sri Lanka left its key interest rates unchanged for the fifth consecutive month as the Central Bank looks for signs that inflation may slow as global oil prices ease.Sri Lanka left its key interest rates unchanged for the fifth consecutive month as the Central Bank looks for signs that inflation may slow as global oil […]
Thin Ice
Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the recent tsunami left behind Rs.15 bn worth of claims, a research analyst warned.Sri Lanka’s tiny Rs. 17 bn insurance industry needs to ‘tighten up its act’ on regulation and solvency margins, after the recent […]