Category: Economy and Markets
Sri Lanka raise diplomatic offensive after sea battle
Sri Lanka’s navy and Tamil Tigers fought a sea battle off the island’s northwest coast Thursday with three sailors feared killed and seven rebels captured, the navy said.Sri Lanka’s navy and Tamil Tigers fought a sea battle off the island’s northwest coast Thursday with three sailors feared killed and seven rebels captured, the navy said. […]
Sri Lanka rejects Oslo venue for peace talks
Sri Lanka’s president Wednesday rejected a Tamil rebel demand to hold talks in Oslo and welcomed a statement from an international quartet this week that urged the guerrillas to halt killings. Sri Lanka’s president Wednesday rejected a Tamil rebel demand to hold talks in Oslo and welcomed a statement from an international quartet this week […]
Two Sri Lankan soldier killed in new clashes
At least two soldiers were killed in Sri Lanka’s embattled northern peninsula of Jaffna Wednesday while security forces recovered three land mines aimed at troops, military officials said. At least two soldiers were killed in Sri Lanka’s embattled northern peninsula of Jaffna Wednesday while security forces recovered three land mines aimed at troops, military officials […]
Co-chairs rap LTTE for instigating violence, Govt. for being slow to control paramilitary uprisings
The co-chairs of the Tokyo donor conference on Monday rapped the LTTE for instigating violence, warning that “a failure to demonstrate a willingness to change would not be without serious consequences.” The co-chairs of the Tokyo donor conference on Monday rapped the LTTE for instigating violence, warning that “a failure to demonstrate a willingness to […]
Sri Lanka peace hopes dim amid fresh row over venue: diplomats
Hopes for a revival of Sri Lanka’s peace process dimmed after Tamil Tiger rebels rejected a government offer to hold ice-breaking talks at an Asian venue hosted by Japan, diplomats said Sunday.Hopes for a revival of Sri Lanka’s peace process dimmed after Tamil Tiger rebels rejected a government offer to hold ice-breaking talks at an […]
‘s HNB goes for mammoth bond issue
Sri Lanka’s Hatton National Bank said Monday it is privately raising Rs.1.31 billion in debt to top up its capital and fall in line with regulatory requirements. Sri Lanka’s Hatton National Bank said Monday it is privately raising Rs. 1.31 billion in debt to top up its capital and fall in line with regulatory requirements. […]
Tigers reject Asian venue for Sri Lanka peace talks
Tamil Tiger rebels Saturday rejected a Sri Lankan offer to hold peace talks at an Asian venue and insisted that any negotiations must be in the capital of the peacebroker Norway.Tamil Tiger rebels Saturday rejected a Sri Lankan offer to hold peace talks at an Asian venue and insisted that any negotiations must be in […]
Sri Lanka monitors blame Tigers for chopper attack
Scandinavian ceasefire monitors in Sri Lanka blamed Tamil Tigers for shooting at an unarmed military helicopter earlier this week and said the attack seriously undermined the fragile truce.Scandinavian ceasefire monitors in Sri Lanka blamed Tamil Tigers for shooting at an unarmed military helicopter earlier this week and said the attack seriously undermined the fragile truce. […]
Tsunami disbursements are considered higher than usual aid disbursement
Sri Lanka’s Ministry of Finance says 25 percent of international grants and 10 percent of international loan commitments for tsunami reconstruction, over 3 years, has already been disbursed.Sri Lanka’s Ministry of Finance says 25 percent of international grants and 10 percent of international loan commitments for tsunami reconstruction, over 3 years, has already been disbursed. […]
Sri Lanka agrees to key rebel demand for peace talks abroad
The Sri Lankan government on Friday formally invited the Tamil Tigers to resume peace talks, saying it was “amenable” to a key guerrilla demand to hold negotiations abroad.The Sri Lankan government on Friday formally invited the Tamil Tigers to resume peace talks, saying it was “amenable” to a key guerrilla demand to hold negotiations abroad. […]
Norway says it will remain Sri Lankan peacemaker but on its own terms
HONG KONG, Dec 15 (AFP) – Norway’s foreign minister told his Sri Lankan counterpart Thursday that Oslo would continue trying to broker peace in the island’s long-running ethnic conflict, but only under strict conditions.HONG KONG, Dec 15 (AFP) – Norway’s foreign minister told his Sri Lankan counterpart Thursday that Oslo would continue trying to broker […]
Sri Lanka budget burdens larger companies
Sri Lanka’s 2006 budget plan announced last week could spur investment in less developed areas of the country, although the government’s pro-poor focus also means higher taxes which could hit corporate profitability, analysts and investors said.Sri Lanka’s 2006 budget plan announced last week could spur investment in less developed areas of the country, although the […]