Category: Economy

Suspected Tamil Tiger rebels Thursday blew up a navy bus, killing 10 sailors in fresh bloodshed as Sri Lanka vowed it will not return to war with the guerrillas.Suspected Tamil Tiger rebels Thursday blew up a navy bus, killing 10 sailors in fresh bloodshed as Sri Lanka vowed it will not return to war with […]

Jan. 13 (LBO) – Sri Lanka’s cabinet agrees to ratify South Asia Free Trade Agreement (SAFTA), paving the way for its implementation later this year, Media Minister Anura Priyadharshana Yapa said Thursday.Jan. 13 (LBO) – Sri Lanka’s cabinet agrees to ratify South Asia Free Trade Agreement (SAFTA), paving the way for its implementation later this […]

Scandinavian truce monitors Friday blamed Tamil Tiger rebels for a wave of mine attacks that has killed dozens of troops and called for urgent action to prevent full-scale war in Sri Lanka.Scandinavian truce monitors Friday blamed Tamil Tiger rebels for a wave of mine attacks that has killed dozens of troops and called for urgent […]

European Commission (EC) pledges more aid for Sri Lanka, if peace prevails.European Commission (EC) pledges more aid for Sri Lanka, if peace prevails. A statement from the EC’s Commissioner for External Relations, Benita Ferrero-Waldner on Thursday, said the benefits of European aid and trade were dependent on peace. “Above and beyond the next Euro 50 […]

Sri Lanka Thursday pledged not to start a war with Tamil rebels despite an escalation of violence and expressed hope that peace broker Norway will salvage a truce with the guerrillas.Sri Lanka Thursday pledged not to start a war with Tamil rebels despite an escalation of violence and expressed hope that peace broker Norway will […]

At least eight sailors were killed in northern Sri Lanka Thursday when their bus was hit by a land mine explosion, military officials said. At least eight sailors were killed in northern Sri Lanka Thursday when their bus was hit by a land mine explosion, military officials said. Another eight sailors escaped with injuries in […]

Tamil civilians backed by Tiger rebels stepped up demands for the withdrawal of troops from Sri Lanka’s embattled regions, the guerrillas said Wednesday, after the US warned them against returning to war.Tamil civilians backed by Tiger rebels stepped up demands for the withdrawal of troops from Sri Lanka’s embattled regions, the guerrillas said Wednesday, after […]

The United States Tuesday warned Sri Lanka’s Tamil Tiger rebels that a return to war would cost them dearly.The United States Tuesday warned Sri Lanka’s Tamil Tiger rebels that a return to war would cost them dearly. US ambassador to Sri Lanka, Jeffrey Lunstead, told a meeting of businessmen here that Washington wanted the rebel […]

Sri Lanka’s president has made a fresh attempt to reach agreement among political parties before any talks with Tamil Tiger rebels to stem the latest wave of bloodshed, his office said Tuesday.Sri Lanka’s president has made a fresh attempt to reach agreement among political parties before any talks with Tamil Tiger rebels to stem the […]

The United States Tuesday warned Sri Lanka’s Tamil Tiger rebels that a return to war would cost them dearly.The United States Tuesday warned Sri Lanka’s Tamil Tiger rebels that a return to war would cost them dearly. US ambassador to Sri Lanka, Jeffrey Lunstead, told a meeting of businessmen here that Washington wanted the rebel […]

Sri Lanka’s president Monday vowed tough measures to prevent “terror attacks” that undermine an already troubled ceasefire with Tamil Tiger rebels as officials reported three more deaths in the embattled east.Sri Lanka’s president Monday vowed tough measures to prevent “terror attacks” that undermine an already troubled ceasefire with Tamil Tiger rebels as officials reported three […]

Sri Lanka’s central bank governor Sunday denied news reports that he has been asked to make way for senior presidential advisor Nivard Cabraal. Sri Lanka’s central bank governor Sunday denied news reports that he has been asked to make way for senior presidential advisor Nivard Cabraal. The report claimed that Governor Sunil Mendis, who is […]