Category: Economy and Markets

Apr.27 (LBO) – Exports from Sri Lanka fell four percent for the two months to February as the island shipped fewer clothes, the central bank said Thursday. Exports dropped to 748 million dollars from Jan-Feb, dragged down by a 9.6 percent fall or 425 million dollars in earnings from shipping clothes. Garments now accounts for […]

OSLO, Apr. 27, 2006 (AFP) – Sri Lanka’s main international aid donors will meet in Oslo on Friday to brainstorm on how best to provide assistance against a backdrop of renewed civil strife, the Norwegian government said Thursday.“The co-presidents of the donors conference will meet to discuss different means of furthering the peace process and […]

Apr.27 (LBO) – Sri Lanka’s Central Bank has called for better fiscal policies and continued reforms to maintain growth and economic stability, in its annual report on the country’s economic performance.The Bank said Thursday the country grew by 6 percent in 2005, a day after the Finance Ministry said it grew by 6.2 percent last […]

Apr.27 (LBO) – Sri Lanka’s Central Bank has called for better fiscal policies and continued reforms to maintain growth and economic stability, in its annual report on the country’s economic performance.The Bank said Thursday the country grew by 6 percent in 2005, a day after the Finance Ministry said it grew by 6.2 percent last […]

Apr. 26 (LBO) – Sri Lanka’s economy is expected to grow at an annual pace of 6.8 percent during the first quarter of 2006, despite setbacks in the peace process and worries that the country may slip back to war. Though the budget deficit was high at 8.7 percent of GDP, due to high nominal […]

Apr. 24 (AFP) – Suspected Tamil Tiger rebels hacked to death a mother feeding her baby after gunning down six farmers in a killing spree designed to provoke a backlash, the defence ministry said Monday.Members of the rebel Liberation Tigers of Tamil Eelam (LTTE) snatched the infant and chopped the woman to pieces at Seeruwila […]

Apr. 25 (AFP) – Sri Lankan security forces stood by as Sinhalese mobs murdered Tamils after a suspected Tamil Tiger bomb attack earlier this month at a busy market, a human rights watchdog charged Tuesday.The New York-based Human Rights Watch (HRW) said the Colombo government failed to respond to attacks by Sinhalese men armed with […]

Apr. 25 (AFP) – Tension gripped Sri Lanka’s north-eastern Trincomalee district Tuesday after an overnight killing of a hotel owner police say was designed to provoke inter-communal riots. The man was gunned down around midnight on the same day suspected Tamil Tiger rebels hacked to death a mother feeding her baby, police said. “The latest […]

Apr. 25 (AFP) – A Tamil Tiger suicide bomber pretending to be pregnant blew herself up Tuesday seriously wounding Sri Lanka’s army chief and killing 10 others, police and doctors said.More than 30 people were also injured by the blast inside the high security zone of Colombo’s main military base, police said. The attack on […]

Apr. 25 (AFP) – A suicide bombing aimed at Sri Lanka’s army chief was “another serious blow” for a fragile ceasefire and attempts to broker peace between the government and Tamil rebels, Scandinavian truce monitors said Tuesday.“This attack is yet another serious blow to the ceasefire agreement and the peace process,” the Scandinavian-run Sri Lanka […]