Category: Economy

Tamil Tiger rebels Sunday released a government soldier they had captured overnight in Sri Lanka’s eastern district of Trincomalee, local officials said. Tamil Tiger rebels Sunday released a government soldier they had captured overnight in Sri Lanka’s eastern district of Trincomalee, local officials said. The rebel Liberation Tigers of Tamil Eelam (LTTE) handed the soldier […]

At least two people were killed in Sri Lanka’s restive eastern province Friday in what military officials described as escalating rebel factional fighting.At least two people were killed in Sri Lanka’s restive eastern province Friday in what military officials described as escalating rebel factional fighting. A breakaway faction of the Tamil Tigers clashed with the […]

The United Nations office in Sri Lanka is calling for a clear land policy for resettlement of tsunami victims, particularly in areas of land shortage.“A clear policy on relocation is of such national importance, it must not be politicised,” said the resident representative of the UNDP, Miguel Bermeo, on Friday, at a Danish business conference. […]

Scandinavians monitoring a truce between Sri Lankan troops and Tamil Tigers ruled Friday that the rebels were in breach of the ceasefire when they attacked a naval patrol boat.Scandinavians monitoring a truce between Sri Lankan troops and Tamil Tigers ruled Friday that the rebels were in breach of the ceasefire when they attacked a naval […]

Sri Lanka is expected to trail behind other Asian nations again this year, after lagging the spectacular growth of developing Asia in 2004, the Asian Development Bank said. Sri Lanka is expected to trail behind other Asian nations again this year, after lagging the spectacular growth of developing Asia in 2004, the Asian Development Bank […]

A policeman and a civilian were shot dead in two separate incidents in Sri Lanka’s restive eastern province, the military said Wednesday.A policeman and a civilian were shot dead in two separate incidents in Sri Lanka’s restive eastern province, the military said Wednesday. Unidentified gunmen shot dead a policeman guarding a warehouse holding tsunami relief […]

Sri Lanka is expected to trail behind other Asian nations again this year, after lagging the spectacular growth of developing Asia in 2004, the Asian Development Bank said. Sri Lanka is expected to trail behind other Asian nations again this year, after lagging the spectacular growth of developing Asia in 2004, the Asian Development Bank […]

A policeman and a civilian were shot dead in two separate incidents in Sri Lanka’s restive eastern province, the military said Wednesday.A policeman and a civilian were shot dead in two separate incidents in Sri Lanka’s restive eastern province, the military said Wednesday. Unidentified gunmen shot dead a policeman guarding a warehouse holding tsunami relief […]

Provincial Councils (PC) are packing up plans to increase the Business Turnover Tax (BTT) that was to come into force on April 1.Provincial Councils (PC) are packing up plans to increase the Business Turnover Tax (BTT) that was to come into force on April 1. The Provincial Councils say the change of heart is due […]

Sri Lankan President Chandrika Kumaratunga could call a snap election before the end of 2005 because of friction with her Marxist allies over economic reforms and peace talks with Tamil rebels, analysts said Sunday.Under the island’s constitution, Kumaratunga is now allowed to sack parliament and call an early election following the passing at midnight Saturday […]

Sri Lanka has to cut the budget deficit and respond correctly to rising oil prices, in order to avoid another setback to the economy, a top private sector professional said.Sri Lanka has to cut the budget deficit and respond correctly to rising oil prices, in order to avoid another setback to the economy, a top […]

The Executive Board of the World Bank confirmed on Friday that former US Deputy Secretary of Defense Paul Wolfowitz had landed the top job of Bank President.The Executive Board of the World Bank confirmed on Friday that former US Deputy Secretary of Defense Paul Wolfowitz had landed the top job of Bank President. The Bush […]