Jonny come lately or foot in the mouth disease

Former finance minister Sarath Amunugama arrived late for the inauguration of President Mahinda Rajapakse today, but quickly got into the swing of things by applauding when the new leader was outlining economic policy.Former finance minister Sarath Amunugama arrived late for the inauguration of President Mahinda Rajapakse today, but quickly got into the swing of things […]

‘s tiny bourse

Sri Lanka’s tiny stockmarket plunged when trading opened on Friday as investor dumped stocks on news that premier Mahinda Rajapakse had taken an early lead in Thursday’s presidential poll, brokers said.Sri Lanka’s tiny stockmarket plunged when trading opened on Friday as investor dumped stocks on news that premier Mahinda Rajapakse had taken an early lead […]

Sri Lanka PM wins presidency: official results

Sri Lanka’s socialist Prime Minister Mahinda Rajapakse won the presidency with 50.33 percent of the popular vote, according to official results released Friday by the elections’ commissioner.Sri Lanka’s socialist Prime Minister Mahinda Rajapakse won the presidency with 50.33 percent of the popular vote, according to official results released Friday by the elections’ commissioner. Rajapaske, who […]

Socialist PM wins Sri Lankan presidency

Socialist Prime Minister Mahinda Rajapakse won Sri Lanka’s tightly-fought battle for the presidency, results showed Friday as the stock market reacted with a record crash amid fresh violence.Socialist Prime Minister Mahinda Rajapakse won Sri Lanka’s tightly-fought battle for the presidency, results showed Friday as the stock market reacted with a record crash amid fresh violence. […]

Current cabinet will stay for now

UPFA officials say the current cabinet of ministers will be sworn in as is, as there will be no immediate change to the government decision making body. UPFA officials say the current cabinet of ministers will be sworn in as is, as there will be no immediate change to the government decision making body. The […]

Bloodbath on Sri Lanka’s tiny bourse

Sri Lanka’s tiny stockmarket plunged when trading opened on Friday as investor dumped stocks on news that premier Mahinda Rajapakse had taken an early lead in Thursday’s presidential poll, brokers said.Sri Lanka’s tiny stockmarket plunged when trading opened on Friday as investor dumped stocks on news that premier Mahinda Rajapakse had taken an early lead […]

Polls chief asks presedent elect to let him quit

Elections Commissioner Dayananda Dissanayake made a humble plea or in his words ‘a final request’ from the new President on Friday, asking to let him retire in peace at least now. Elections Commissioner Dayananda Dissanayake made a humble plea or in his words ‘a final request’ from the new President on Friday, asking to let […]

Election promises set to cost Sri Lanka’s new president

Sri Lanka’s socialist president-elect Mahinda Rajapakse has set himself a challenge to deliver the raft of subsidies he promised voters in South Asia’s most liberal and war-battered economy, analysts said Friday.Sri Lanka’s socialist president-elect Mahinda Rajapakse has set himself a challenge to deliver the raft of subsidies he promised voters in South Asia’s most liberal […]

Sri Lanka stocks plunged to record lows

Sri Lankan stocks crashed nearly seven percent at Friday’s close as socialist President-elect Mahinda Rajapakse narrowly beat a market-friendly favourite, brokers said. Sri Lankan stocks crashed nearly seven percent at Friday’s close as socialist President-elect Mahinda Rajapakse narrowly beat a market-friendly favourite, brokers said. The benchmark All Share Price index plunged 174 points to 2,325, […]

UNP cries fowl, says call for re-poll in north was rejected

The defeated UNP camp says its is seeking legal advise on taking the elections chief to courts for turning down their call for a re-poll in the North. The defeated UNP camp says its is seeking legal advise on taking the elections chief to courts for turning down their call for a re-poll in the […]

‘s new president

Sri Lanka’s socialist president-elect Mahinda Rajapakse has set himself a challenge to deliver the raft of subsidies he promised voters in South Asia’s most liberal and war-battered economy, analysts said Friday.Sri Lanka’s socialist president-elect Mahinda Rajapakse has set himself a challenge to deliver the raft of subsidies he promised voters in South Asia’s most liberal […]

Tigers forced Tamils out of Sri Lanka vote: monitors

Sri Lankans voted Thursday in presidential elections but minority Tamils who could tip the balance in the tight race were forced out of the ballot by Tiger rebels and sporadic violence, poll monitors said. Sri Lankans voted Thursday in presidential elections but minority Tamils who could tip the balance in the tight race were forced […]

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