Author: LBO
Sri Lanka’s co-chairs of peace gather in two weeks for extraordinary meeting
Peacebroker Norway said Wednesday that Sri Lanka’s government and Tamil Tiger rebels will be invited to meet soon at the international airport to review their troubled truce, after weeks of haggling over a venue.Peacebroker Norway said Wednesday that Sri Lanka’s government and Tamil Tiger rebels will be invited to meet soon at the international airport […]
Increasing Sri Lanka’s private debt
Seylan Merchant Bank says it hopes to have some 1000 debt trading accounts active by end September, to trade in the CSE’s debt trading system.Seylan Merchant Bank says it hopes to have some 1000 debt trading accounts active by end September, to trade in the CSE’s debt trading system. The DEX initially limited to govt., […]
We’re Watching
The Sethusamudram canal set to be operational from 2008 will give a continuous navigable route around the Indian peninsular linking the west coast of India with its east. The Sethusamudram canal set to be operational from 2008 will give a continuous navigable route around the Indian peninsular linking the west coast of India with its […]
India asks for a taste of Sri Lanka’s tea market
India has called for duty free access for its teas into Sri Lanka under the latest round of CEPA talks that concluded in end August. A weekly Asia Siyaka Commodities report said India is asking for duty free access for green and black teas in three kilos and larger pack sizes. The Siyaka report said […]
Kumaratunga: Sri Lanka’s daughter of destiny, mother of destruction
Sri Lankan President Chandrika Kumaratunga who steps down in December came to power promising to scrap the very office which she fought to cling to after 11 turbulent years dominated by a tortuous peace process with Tamil Tiger rebels.Sri Lankan President Chandrika Kumaratunga who steps down in December came to power promising to scrap the […]
It’s 2005
Sri Lanka’s Supreme Court on Friday ruled that Presidential elections are due this year.Sri Lanka’s Supreme Court on Friday ruled that Presidential elections are due this year. The decision was made unanimously by the five-member bench. President Chandrika Kumaratunga argues she should stay in power until late 2006, while her foes say the vote is […]
It’s Through
Sri Lanka’s parliament Thursday extended the state of emergency imposed after the assassination of the country’s foreign minister by suspected Tamil Tiger rebels.Sri Lanka’s parliament Thursday extended the state of emergency imposed after the assassination of the country’s foreign minister by suspected Tamil Tiger rebels. The assembly voted 124 for and 21 against extending the […]
Populist tax cuts could fail to tame Sri Lanka’s inflation
Despite ad hoc attempts to tame inflation through populist measures, soaring international crude prices could prompt Sri Lanka’s Central Bank to think long and hard about hiking short-term rates next month, market watchers said Wednesday. Despite ad hoc attempts to tame inflation through populist measures, soaring international crude prices could prompt Sri Lanka’s Central Bank […]
Treasury rates move up ahead of Wed.’s policy rate announcement
Sri Lanka’s treasury yields kept its upward momentum ahead of Wednesday’s monetary policy review announcement. Sri Lanka’s treasury yields kept its upward momentum ahead of Wednesday’s monetary policy review announcement. The Central Bank said it sold one year treasury notes at a yield of 9.41 percent, slightly up from last week’s 9.39 percent. Yields for […]
Sri Lanka says will ‘review’ peace process after killing
Sri Lanka Monday said it will undertake a “serious review” of the Norwegian-backed peace process following the assassination of foreign minister Lakshman Kadirgamar by suspected Tamil Tiger rebels.Sri Lanka Monday said it will undertake a “serious review” of the Norwegian-backed peace process following the assassination of foreign minister Lakshman Kadirgamar by suspected Tamil Tiger rebels. […]
Scores rounded up as Sri Lanka hunts minister’s assassins
Sri Lanka has rounded up scores of potential suspects during a massive hunt for Tamil Tiger rebels suspected of gunning down the foreign minister in an attack that has strained an already shaky ceasefire.Sri Lanka has rounded up scores of potential suspects during a massive hunt for Tamil Tiger rebels suspected of gunning down the […]
Sri Lanka’s Foreign Minister Kadirgamar assassinated
Sri Lanka’s Foreign Minister Lakshman Kadirgamar was assassinated on Friday night by unidentified snipers in the capital, the military and hospital sources said.Sri Lanka’s Foreign Minister Lakshman Kadirgamar was assassinated on Friday night by unidentified snipers in the capital, the military and hospital sources said. Kadirgamar, 73, was hit by several bullets in the head […]