Category: Economy and Markets

Negotiations were under way between India and Sri Lanka for a defence cooperation pact, visiting Indian Foreign Minister Natwar Singh said here Friday as his hosts faced a deepening political crisis. Negotiations were under way between India and Sri Lanka for a defence cooperation pact, visiting Indian Foreign Minister Natwar Singh said here Friday as […]

Fast growing wealth but slow growing jobs threat to international security and democracy, says the International Labour Organisation.Fast growing wealth but slow growing jobs threat to international security and democracy, says the International Labour Organisation. “This global jobs crisis is the most pressing political issue of our time”, ILO Director-General Juan Somavia told more than […]

Sri Lanka’s Marxists, key coalition partners of President Chandrika Kumaratunga, announced Wednesday they will block her plan to share tsunami aid with Tamil Tiger rebels even if the move leads to a collapse of government.Sri Lanka’s Marxists, key coalition partners of President Chandrika Kumaratunga, announced Wednesday they will block her plan to share tsunami aid […]

Sri Lankan Buddhist monks sit while fasting to protest government plans for a deal with Tamil Tiger rebels to share tsunami aid, in Colombo 08 June 2005. Nationalist Buddhist monks oppose concessions to the Tamil Tigers before they lay down arms and enter main stream politics. Pix Sena Vidanagama More Buddhist monks joined a protest […]

Sri Lanka’s Media minister Mangala Samaraweera Tuesday quit amid a deepening crisis within the shaky coalition government, an official said.Sri Lanka’s Media minister Mangala Samaraweera Tuesday quit amid a deepening crisis within the shaky coalition government, an official said. Samaraweera, a close confidant of President Chandrika Kumaratunga resigned his position as media minister, but will […]

Sri Lanka’s president came under intense pressure as a key minister quit Tuesday and the influential Buddhist clergy vowed to end her career if she approved an aid-sharing deal with Tamil Tiger rebels.Sri Lanka’s president came under intense pressure as a key minister quit Tuesday and the influential Buddhist clergy vowed to end her career […]

Sri Lanka’s hopes of reviving peace talks with Tiger rebels were raised after India this week gave its backing to a controversial aid-sharing deal with the guerrillas, a senior diplomat and analysts said Sunday. Sri Lanka’s hopes of reviving peace talks with Tiger rebels were raised after India this week gave its backing to a […]

Unidentified gunmen shot dead two men in the Sri Lankan capital Colombo Sunday in killings that may be linked to factional fighting among Tamil rebels, a defence ministry spokesman said.The victims, both residents from the island’s northern peninsula of Jaffna, were gunned down in Colombo’s Kotahena area on Sunday morning, the spokesman said. “Police have […]

Sri Lanka’s president Monday cancelled crucial talks with legislators of her Marxist-backed coalition amid mounting opposition to plans for an aid sharing-deal with Tiger rebels, officials said.Sri Lanka’s president Monday cancelled crucial talks with legislators of her Marxist-backed coalition amid mounting opposition to plans for an aid sharing-deal with Tiger rebels, officials said. President Chandrika […]

NEW DELHI, June 3 (AFP) – India has offered to assist its southern neighbour Sri Lanka redesign its air-defence network after allegations that Tamil Tiger rebels have acquired at least two aircraft, a report said Friday.NEW DELHI, June 3 (AFP) – India has offered to assist its southern neighbour Sri Lanka redesign its air-defence network […]

Sri Lanka’s move to justify the no-building coastal buffer zone based on a United Nations sampling of tsunami survivors could be seriously flawed, a survey by two UN agencies showed.Sri Lanka’s move to justify the no-building coastal buffer zone based on a United Nations sampling of tsunami survivors could be seriously flawed, a survey by […]

A bomb blast wounded five people on Friday in Sri Lanka’s northeastern port town of Trincomalee, where Tamils staged a strike to demand security forces withdraw from the streets, police and witnesses said.A bomb blast wounded five people on Friday in Sri Lanka’s northeastern port town of Trincomalee, where Tamils staged a strike to demand […]