Category: Economy and Markets

Apr.14 (AFP) – Two people were killed in fresh violence in Sri Lanka’s restive east on the traditional New Year day Friday and an indefinite curfew was clamped to maintain law and order, police said.The killing of a motorist sparked fresh rioting in the troubled port town of Trincomalee where police slapped the curfew after […]

Apr.14 (AFP) – Peace broker Norway announced Friday that talks between the Sri Lankan government and Tiger rebels, under threat from a new wave of violence, would go ahead five days later than scheduled.The negotiations in Geneva were originally due to open on April 19, but the rebel Liberation Tigers of Tamil Eelam (LTTE) said […]

Apr.14 (AFP) – Two people were killed in fresh violence in Sri Lanka’s restive east on the traditional New Year day Friday and an indefinite curfew was clamped to maintain law and order, police said.The killing of a motorist sparked fresh rioting in the troubled port town of Trincomalee where police slapped the curfew after […]

Apr.13 (AFP) – Police extended a night curfew in Sri Lanka’s northeastern port district of Trincomalee on Thursday, a day after a bomb blast at a vegetable market killed 17 people, officials said.Heavily armed security forces patrolled the streets after rioting that followed the bomb attack, police said, adding that investigations suggested that Tiger rebels […]

Apr.13 (AFP) – Sri Lanka’s Tamil Tiger rebels Thursday called for a postponement of ceasefire talks scheduled for next week in Switzerland amid an upsurge in violence that has killed 38 people this week.The Liberation Tigers of Tamil Eelam (LTTE) said the three-day talks due to start next Wednesday cannot go ahead and they want […]

Apr.13 (AFP) – Tamil Tiger rebels have begun targeting civilians with a bomb attack on a crowded market that killed 17 people, the Sri Lankan government charged Thursday in a fresh battering for peace hopes.Government spokesman Rohitha Bogollegama said the rebel Liberation Tigers of Tamil Eelam (LTTE) hit the main vegetable market in Trincomalee on […]

Apr. 12 (LBO) – An online poll of LBO readers has shown that inflationary expectations for 2005 are low.Low future expectations have imported implications for prices as well as interest rates. High inflationary expectations makes people behave in ways that force inflation up, such as demanding higher wages, or raising prices of output in expectation […]

Apr. 12 (AFP) – A bomb ripped through a vegetable market in northeastern Sri Lanka on Wednesday, killing 13 people in the latest of a series of blasts which have cast a cloud over upcoming peace talks.At least 50 other people were injured in the port town of Trincomalee when a bomb fixed to a […]

Apr.12 (LBO) – Sri Lanka’s ceasefire monitors are due to meet with Tamil Tiger rebels on Thursday after four blasts since Monday have killed 34 people, dimming hopes that the next weeks talks in Geneva may not get off the ground. A bomb fixed to a bicycle exploded in Trincomalee market Wednesday killing 13 people […]

Apr.12 (LBO) – Sri Lanka’s balance of payments (BOP) has recorded a US$142 million surplus for the three months to March, the Central Bank said Wednesday as it maintained key interest rates for the fourth straight month. The balance of payments is a record of the island’s total payments to foreign countries, including the cost […]