Author: lbostgadmin
Sri Lanka police use tear gas, batons to break up monks protest
Police fired tear gas and used batons for the second time in days to break up a protest by Buddhist monks opposed to government plans to enter into a tsunami aid-sharing deal with Tamil rebels, a witness said.Police fired tear gas and used batons for the second time in days to break up a protest […]
Sri Lanka president in talks to save coalition
Sri Lanka’s president went into talks with opposition parties Monday in a bid to drum up support after a key coalition partner threatened to quit over a tsunami aid deal with Tamil Tiger rebels, officials said. Sri Lanka’s president went into talks with opposition parties Monday in a bid to drum up support after a […]
monks protest brings Colombo’s financial and central public transport district comes to a halt
Colombo’s financial and central public transport district came to a halt on Monday with the National Bikkhu Front attempting to march into the Presidential residence in Fort. Colombo’s financial and central public transport district came to a halt on Monday with the National Bikkhu Front attempting to march into the Presidential residence in Fort. The […]
Power Struggle
Ceylon Electricity Board trade unions were to meet late Monday for crucial talks on restructuring the state owned power utility ahead of a donor deadline on Wednesday.Ceylon Electricity Board trade unions were to meet late Monday for crucial talks on restructuring the state owned power utility ahead of a donor deadline on Wednesday. The unions […]
Touching Lives
Sri Lanka’s Hatton National Bank (HNB) plans to securitise part of its micro finance portfolio to expand its low cost credit schemes. Sri Lanka’s Hatton National Bank (HNB) plans to securitise part of its micro finance portfolio to expand its low cost credit schemes. HNB’s micro finance portfolio stands at around Rs. 4 billion at […]
Sri Lanka President slams Marxist amid deepening crisis
Sri Lanka’s president Sunday slammed her main Marxist coalition partner accusing them of “psychological terrorism” as a political crisis deepened and the government headed for a fatal collapse.Sri Lanka’s president Sunday slammed her main Marxist coalition partner accusing them of “psychological terrorism” as a political crisis deepened and the government headed for a fatal collapse. […]
‘s tourism arrival numbers are up, but beach front properties remain virtually empty
Despite claims that tourist revivals are up 8 percent by May, many of Sri Lanka’s resorts on the southern coast remain almost empty since the tsunami. Despite claims that tourist revivals are up 8 percent by May, many of Sri Lanka’s resorts on the southern coast remain almost empty since the tsunami. Visitors who helped […]
‘s The Fool?
Tax changes proposed by the last budget got the legislative stamp recently but experts speaking at a forum said the tax system is now even more complicated.Tax changes proposed by the last budget got the legislative stamp recently but experts speaking at a forum said the tax system is now even more complicated. The government […]
” 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 […]
Sri Lanka Marxists give president ultimatum to back off from Tigers deal
Sri Lanka’s coalition plunged into deeper crisis Friday as a key partner gave the president five days to back off from an aid-sharing deal with rebels or risk losing the government.Sri Lanka’s coalition plunged into deeper crisis Friday as a key partner gave the president five days to back off from an aid-sharing deal with […]
‘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 […]
JVP to pull out of government on Wednesday June 16, if joint mechanism goes ahead
The JVP said on Friday June 10, that it will pull out of Sri Lanka’s coalition government at midnight Wednesday June 15, if the joint mechanism proposal is not withdrawn.The JVP said on Friday June 10, that it will pull out of Sri Lanka’s coalition government at midnight Wednesday June 15, if the joint mechanism […]