Category: Economy

Peace broker Norway Thursday said it would ask Sri Lanka’s feuding parties if they wanted to resume talks as Tamil Tiger rebels warned foreign aid donors not to interfere in the faltering peace process.The Norwegian embassy said Foreign Minister Jan Petersen would arrive in the island next week for talks with President Chandrika Kumaratunga and […]

Cashed trapped Treasury is considering a proposal to mandate those who own a car, house, credit card and a mobile phone to open a tax file.Cashed trapped Treasury is considering a proposal to mandate those who own a car, house, credit card and a mobile phone to open a tax file. The Ceylon Chamber of […]

Sri Lankan President Chandrika Kumaratunga will arrive in India Wednesday on her first visit to the northern neighbour since a Congress-led coalition government took office in New Delhi in May. Sri Lankan President Chandrika Kumaratunga will arrive in India Wednesday on her first visit to the northern neighbour since a Congress-led coalition government took office […]

A 38 percent higher fuel bill is burning a hole in the island’s pocket, driving up its trade deficit to US$ 1.46 billion by August, up US$ 586 million from a year ago.The Central Bank on Tuesday said Sri Lanka’s import bill grew 20 percent to US$ 5.05 billion up from US$ 4.22 billion the […]

The international donor community could cut the strings attached to US$ 4.5 bn in aid, with a thaw in the peace process far from sight.The international donor community could cut the strings attached to US$ 4.5 bn in aid, with a thaw in the peace process far from sight. Japanese Peace Envoy Yasushi Akashi Tuesday, […]

Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her for allegedly trying to splinter the minority community.Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her […]

Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her for allegedly trying to splinter the minority community.Sri Lanka’s main Muslim party Monday withdrew from a peace panel set up by President Chandrika Kumaratunga and declared “all out war” against her […]

The government is hoping to sign up a record amount of aid this year, most of it from money pledged at the Tokyo donor conference in 2002.The government is hoping to sign up a record amount of aid this year, most of it from money pledged at the Tokyo donor conference in 2002. However, agreements […]

Relatives of Sri Lankan truck driver Dinesh Dharmendran Rajaratnam appealed on Sunday to his captors in Iraq to free him, saying he had been forced to work there by his Kuwaiti employer.Relatives of Sri Lankan truck driver Dinesh Dharmendran Rajaratnam appealed on Sunday to his captors in Iraq to free him, saying he had been […]

Canada’s mission in Sri Lanka is to re-open, a week after an anthrax scare sparked a diplomatic crisis which deepened Friday after Buddhist monks described how they were forced to strip.Canada’s mission in Sri Lanka is to re-open, a week after an anthrax scare sparked a diplomatic crisis which deepened Friday after Buddhist monks described […]

Sri Lanka President Chandrika Kumaratunga will remain in office until December 2006, a year longer than many had believed based on her swearing in for a six-year term in December 1999.Sri Lanka President Chandrika Kumaratunga will remain in office until December 2006, a year longer than many had believed based on her swearing in for […]

The Islamic Army in Iraq has announced it abducted a driver from Sri Lanka and another from Bangladesh who work for a Kuwaiti company, Al-Jazeera television said Thursday, showing footage of the pair The Islamic Army in Iraq has announced it abducted a driver from Sri Lanka and another from Bangladesh who work for a […]