Category: Economy and Markets
Norway has no immediate plans to push new talks on Sri Lanka aid deal
Peace broker Norway denied a report it was planning to send envoys to Sri Lanka after a Supreme Court ruling effectively scuttled a deal to share billions of dollars in international tsunami aid with Tamil rebels. Peace broker Norway denied a report it was planning to send envoys to Sri Lanka after a Supreme Court […]
Sri Lanka court blocks tsunami deal, tension mounts in northeast
Sri Lanka’s Supreme Court Friday blocked a controversial deal with Tiger rebels to share billions of dollars in tsunami aid as a fragile truce came under intense pressure and more killings were reported in the island’s restive east.Sri Lanka’s Supreme Court Friday blocked a controversial deal with Tiger rebels to share billions of dollars in […]
Supreme Court ruling to affect aid flows, exchange rate
Sri Lanka’s Supreme Court blocking the joint mechanism on tsunami relief distribution could slow foreign aid inflows and hurt the reconstruction effort, according to diplomats close to the peace process. Sri Lanka’s Supreme Court blocking the joint mechanism on tsunami relief distribution could slow foreign aid inflows and hurt the reconstruction effort, according to diplomats […]
Sri Lanka court blocks tsunami deal with Tigers
Sri Lanka’s Supreme Court Friday effectively blocked a controversial government deal with Tamil Tiger rebels to share billions of dollars in foreign aid for tsunami survivors.Sri Lanka’s Supreme Court Friday effectively blocked a controversial government deal with Tamil Tiger rebels to share billions of dollars in foreign aid for tsunami survivors. Chief Justice Sarath Silva […]
Tigers quit Sri Lanka town, bomb hurled at tsunami relief centre
A bomb exploded at a tsunami relief centre in volatile northeast Sri Lanka, wounding nine civilians while 12 soldiers were wounded in separate grenade attacks, officials said.A bomb exploded at a tsunami relief centre in volatile northeast Sri Lanka, wounding nine civilians while 12 soldiers were wounded in separate grenade attacks, officials said. The pre-dawn […]
Finance Minister says only unspecified funds will go into P-TOMS
Finance Minister Sarath Amunugama says only “non-specified” project funding will go through the post-tsunami aid sharing deal signed with the LTTE.Finance Minister Sarath Amunugama says only “non-specified” project funding will go through the post-tsunami aid sharing deal signed with the LTTE. The minister says as per a memorandum signed in June 13, 2005 only unspecified […]
President appeals for calm as Sri Lanka violence escalates
Sri Lanka’s president has appealed for calm in the restive northeast where bomb attacks have left four dead and more than a dozen wounded since the weekend, and vowed to take tough action against the perpetrators Sri Lanka’s president has appealed for calm in the restive northeast where bomb attacks have left four dead and […]
Killing sparks fresh fears for Sri Lanka truce amid appeal for calm
Sri Lankan troops shot dead a suspected Tamil rebel Thursday, officials said, heightening tensions hours after the president appealed for calm amid fears of a faltering ceasefire.Sri Lankan troops shot dead a suspected Tamil rebel Thursday, officials said, heightening tensions hours after the president appealed for calm amid fears of a faltering ceasefire. Navy sailors […]
‘s Central Bank leaves its interest rates steady
Sri Lanka’s Central Bank left its key interest at current levels after hiking it for two consecutive months, as it looks for signs that inflation may ease up. Sri Lanka’s Central Bank left its key interest at current levels after hiking it for two consecutive months, as it looks for signs that inflation may ease […]
Sri Lanka’s Central Bank leaves its interest rates steady
Sri Lanka’s Central Bank left its key interest at current levels after hiking it for two consecutive months, as it looks for signs that inflation may ease up. Sri Lanka’s Central Bank left its key interest at current levels after hiking it for two consecutive months, as it looks for signs that inflation may ease […]
Bomb hurled at tsunami relief centre in Sri Lanka, 10 wounded
A bomb was thrown at a tsunami relief centre in a volatile northeastern town in Sri Lanka early Wednesday, injuring at least nine civilians and a soldier, police said, blaming the attack on Tamil Tiger rebels. A bomb was thrown at a tsunami relief centre in a volatile northeastern town in Sri Lanka early Wednesday, […]
‘s Central Bank rejects high bond auction bids
Sri Lanka’s Central Bank rejected bids for eight-year bonds on Tuesday, as the market put in high yields on speculations that interest rates would rise. Sri Lanka’s Central Bank rejected bids for eight-year bonds on Tuesday, as the market put in high yields on speculations that interest rates would rise. Monetary Board member Deva Rodrigo […]