Category: Economy and Markets
Tension mounts in Sri Lanka amid moves to salvage peace bid
Tension has escalated in Sri Lanka’s restive northeast even as peace broker Norway was set to launch a fresh attempt to keep the two sides engaged in talks, officials and diplomats said Sunday.Tension has escalated in Sri Lanka’s restive northeast even as peace broker Norway was set to launch a fresh attempt to keep the […]
Rebel fighting kills two more in Sri Lanka
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 […]
Clear land policy needed to resettle tsunami victims, says UN
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. […]
Scandinavian monitors say Tiger attack on navy boat a truce violation
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’s economy expected lag behind other Asian countries this year: ADB
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 […]
Two more killings in Sri Lanka’s troubled east
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 […]
‘s economy expected lag behind other Asian countries this year: ADB
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 […]
‘s troubled east
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’s Central Bank has made peace with the primary dealer fraternity on a hike in capital requirements
Sri Lanka’s Central Bank has made peace with the primary dealer fraternity on a hike in capital requirements from July, but players say the move still leaves them short changed.Sri Lanka’s Central Bank has made peace with the primary dealer fraternity on a hike in capital requirements from July, but players say the move still […]
BTT increase canned under central government and trade pressure
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 […]
‘s Central Bank has made peace with the primary dealer fraternity on a hike in capital requirements
Sri Lanka’s Central Bank has made peace with the primary dealer fraternity on a hike in capital requirements from July, but players say the move still leaves them short changed.Sri Lanka’s Central Bank has made peace with the primary dealer fraternity on a hike in capital requirements from July, but players say the move still […]
Fear of snap election as Sri Lankan president at odds with allies
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 […]