Author: lbostgadmin
‘s peace hopes dim
Sri Lanka’s Tamil Tigers remained mute on peace talks offered by the new president whom they had dubbed the “war candidate” while a pro-rebel newspaper said Sunday new talks were not on the cards.Sri Lanka’s Tamil Tigers remained mute on peace talks offered by the new president whom they had dubbed the “war candidate” while […]
Trade chambers call for all parties to work together
Ceylon Chamber of Commerce says free and peaceful poll marred by voter intimidation in the north. Call for candidates to work together but opposition leader rules that out. Ceylon Chamber of Commerce says free and peaceful poll marred by voter intimidation in the north. Call for candidates to work together but opposition leader rules that […]
Odd Lots
Odel, a leading up market retailer, says sales are lower this year compared to last year.Odel, a leading up market retailer, says sales are lower this year compared to last year. Retail sales are closely linked to inflation and shoppers perceptions about the way the economy is doing.Odel also depends on tourists for extra sales. […]
Left Turn
Sri Lanka will start a march towards big government under a new left leaning president soon.Sri Lanka will start a march towards big government under a new left leaning president soon. More state jobs and higher investment to undercapitalised business ventures will add to fiscal pressure. Similar circumstances forced the government to print money last […]
Plantation workers are the poorest segment, despite steady flow of tea dollars
Plantation workers are the poorest segment in the country despite tea being an export crop and heavy private sector involvement in its trade. Government divested ownership in plantation companies in the early 1990’s which led to productivity gains and some improvement in living conditions of workers. But incidence of poverty in estates increased during the […]
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 […]
‘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 […]
”’ 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 […]
Jonny come lately or foot in the mouth disease
Former finance minister Sarath Amunugama arrived late for the inauguration of President Mahinda Rajapakse today, but quickly got into the swing of things by applauding when the new leader was outlining economic policy.Former finance minister Sarath Amunugama arrived late for the inauguration of President Mahinda Rajapakse today, but quickly got into the swing of things […]
Clinton to return to tsunami-hit countries
UNITED NATIONS, Nov 17 (AFP) – US former president Bill Clinton plans to return to Sri Lanka and Indonesia in his role as UN special envoy for tsunami relief to assess recovery efforts since last December’s deadly earthquake and tsunami, his office said Thursday.UNITED NATIONS, Nov 17 (AFP) – US former president Bill Clinton plans […]
Tigers forced Tamils out of Sri Lanka vote: monitors
Sri Lankans voted Thursday in presidential elections but minority Tamils who could tip the balance in the tight race were forced out of the ballot by Tiger rebels and sporadic violence, poll monitors said. Sri Lankans voted Thursday in presidential elections but minority Tamils who could tip the balance in the tight race were forced […]
Sri Lanka PM takes early lead in presidential vote
Sri Lanka’s Prime Minister Mahinda Rajapakse took an early lead in the presidential election with the preliminary results released Friday showing him with a comfortable majority.Sri Lanka’s Prime Minister Mahinda Rajapakse took an early lead in the presidential election with the preliminary results released Friday showing him with a comfortable majority. Elections Commissioners Dayananda Dissanayake […]