Category: Economy

The Supreme Court scuppering of a landmark deal to share aid among Sri Lanka’s warring parties was seen by diplomats and analysts as a major setback to the already faltering peace process. The Supreme Court scuppering of a landmark deal to share aid among Sri Lanka’s warring parties was seen by diplomats and analysts as […]

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’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 […]

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’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 […]

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 […]

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 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 […]

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 […]

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, […]

At least eight policemen and a soldier were wounded in suspected Tamil rebel attacks in strike-bound northeastern Sri Lanka, a day after the guerrillas warned of a return to war. At least eight policemen and a soldier were wounded in suspected Tamil rebel attacks in strike-bound northeastern Sri Lanka, a day after the guerrillas warned […]

Following a string of assassinations, the United States is urging the government and the Tamil Tigers to rebuild trust and renew peace talks.Following a string of assassinations, the United States is urging the government and the Tamil Tigers to rebuild trust and renew peace talks. A new tax on construction projects with retrospective effect from […]