Author: LBO
Sri Lanka monk ends ‘death fast’ in exchange for talks
A Buddhist monk legislator called off a death fast, a day after Sri Lanka’s president promised to consult the clergy amid growing opposition to her plan to share tsunami aid with Tiger rebels. A Buddhist monk legislator called off a death fast, a day after Sri Lanka’s president promised to consult the clergy amid growing […]
Picture Caption – The coalition government’s Marxist ally on Friday vouched to break away from the Freedom Alliance
Friday-Colombo: The JVP’s top-rung at a press conference in Colombo laugh at a Journalists question asking why the party chose June 15 to break its ties with the government. The coalition government’s Marxist ally on Friday vouched to break away from the Freedom Alliance on June 15, if the President did not withdraw an […]
Sri Lanka’s president in India for talks likely to focus on Tamil rebels
NEW DELHI, June 2 (AFP) – Sri Lanka’s president arrived here Thursday for talks with Indian leaders that are expected to cover Colombo’s plans to strike a controversial tsunami aid-sharing deal with Tamil rebels banned in India.NEW DELHI, June 2 (AFP) – Sri Lanka’s president arrived here Thursday for talks with Indian leaders that are […]
Sri Lanka’s inflation for May creeps up to 12.4%
Sri Lanka’s average inflation for May crept up, but the more responsive point-to-point data showed a declining trend.Sri Lanka’s average inflation for May crept up, but the more responsive point-to-point data showed a declining trend. Sri Lanka’s consumer price index crept up to 12.4 percent in the 12 months to May, up from 11.9 percent […]
Police inspector shot dead after Clinton’s visit to Sri Lanka’s east
Suspected Tiger gunmen shot dead a police officer in Sri Lanka’s troubled east today, hours after former US president Bill Clinton visited the restive region, police said. Suspected Tiger gunmen shot dead a police officer in Sri Lanka’s troubled east today, hours after former US president Bill Clinton visited the restive region, police said. Inspector […]
No takers in Sri Lanka for IFC’s US$ 150 mn loans?
The International Finance Corp.‘s offer of US$ 150 million tsunami loan facility is likely to go a begging in Sri Lanka, as hoteliers seek comfort in local banks.The International Finance Corp.’s offer of US$ 150 million tsunami loan facility is likely to go a begging in Sri Lanka, as hoteliers seek comfort in local banks. […]
Uneasy calm grips Sri Lanka’s troubled town
An uneasy calm gripped Sri Lanka’s troubled port city of Trincomalee as Buddhists Monday celebrated a key anniversary amid protests over a Buddha statue in the region, police and residents said.An uneasy calm gripped Sri Lanka’s troubled port city of Trincomalee as Buddhists Monday celebrated a key anniversary amid protests over a Buddha statue in […]
Sri Lanka’s appreciating currency in the face of rising inflation has renewed fears of the so-called Dutch Disease gripping the country
Sri Lanka’s appreciating currency in the face of rising inflation has renewed fears of the so-called Dutch Disease gripping the country. Sri Lanka’s appreciating currency in the face of rising inflation has renewed fears of the so-called Dutch Disease gripping the country. In March industrial exports fell, reversing a trend of rising double-digit growth. In […]
Finance Minister says govt.’s expectations well realized at the Development Forum
Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005.Finance Minister Sarath Amunugama says the government’s expectations have been well realized at the end of the first day’s sessions at Sri Lanka Development Forum 2005. The two day forum […]
Politics steals the thunder from Sri Lanka’s aid parley
KANDY, Sri Lanka – Sri Lanka’s hopes to firm up two billion dollars in pledged tsunami aid at a donor meeting here Monday will be overshadowed by political chaos, deadlocked peace talks with Tamil Tigers and delayed economic reforms, diplomats said.“The bilateral donors are looking more at the politics while multilateral lending institutions are keen […]
US agrees to defer US$ 40 mn in Sri Lanka’s debt, repayable over 4 years
The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed for tsunami relief in affected coastal regions of the island, US officials said Friday.The United States will defer US$ 40 mn in Sri Lanka’s debt for one year, on condition the savings are routed […]
US boost for Sri Lanka’s tsunami-hit tourism industry
Sri Lanka will spend 7.3 million dollars to woo high-spending holiday makers from Europe and neighbouring India to fill hotel rooms left empty after the December tsunamis, officials said Wednesday.Sri Lanka will spend 7.3 million dollars to woo high-spending holiday makers from Europe and neighbouring India to fill hotel rooms left empty after the December […]