Tag: business

Sri Lanka’s shaky minority government said Friday it expected to survive a crucial budget vote later this year and would not be forced to hold snap elections, despite losing the support of its main Marxist ally.Sri Lanka’s shaky minority government said Friday it expected to survive a crucial budget vote later this year and would […]

Sri Lanka’s Tamil Tigers Tuesday marked the 18th anniversary of their first suicide attack with a military parade and religious services to honour 241 who perished in similar attacks, the rebels said.Sri Lanka’s Tamil Tigers Tuesday marked the 18th anniversary of their first suicide attack with a military parade and religious services to honour 241 […]

Sri Lanka’s controversial deal with Tamil rebels to share tsunami aid could trigger snap elections and delay the resumption of Norwegian-brokered peace talks, analysts and diplomats said.Sri Lanka’s controversial deal with Tamil rebels to share tsunami aid could trigger snap elections and delay the resumption of Norwegian-brokered peace talks, analysts and diplomats said. The Oslo-arranged […]

Use of illegal drugs increasing world over lead by cannabis says the United Nations Office on Drugs and Crime (UNODC).Use of illegal drugs increasing world over lead by cannabis says the United Nations Office on Drugs and Crime (UNODC). “Global drug use has risen by some 8 percent in the past year, with cannabis leading […]

Increasing oil prices eroding developing country profits despite record trade year in 2004.Increasing oil prices eroding developing country profits despite record trade year in 2004. 2004 was a good year for international trade in goods and services. “In 2004, the value of world merchandise trade rose by 21 percent, to US$8.88 trillion, and that of […]

Hundreds of Marxist party activists protested against peace-broker Norway here Monday after Sri Lanka’s foreign minister questioned Oslo’s impartiality in the peace process with Tamil rebels.Hundreds of Marxist party activists protested against peace-broker Norway here Monday after Sri Lanka’s foreign minister questioned Oslo’s impartiality in the peace process with Tamil rebels. The marchers, led by […]

DONDRA – Sri Lanka’s main opposition party launched a 10-day march with thousands of supporters to pressure President Chandrika Kumaratunga to call nationwide elections by year-end and revive a Norway-led peace process. DONDRA – Sri Lanka’s main opposition party launched a 10-day march with thousands of supporters to pressure President Chandrika Kumaratunga to call nationwide […]

DONDRA – Sri Lanka’s main opposition party launched a 10-day march with thousands of supporters to pressure President Chandrika Kumaratunga to call nationwide elections by year-end and revive a Norway-led peace process. DONDRA – Sri Lanka’s main opposition party launched a 10-day march with thousands of supporters to pressure President Chandrika Kumaratunga to call nationwide […]

Tamil Tigers Thursday gave the Sri Lankan authorities two weeks to step up security for rebels travelling through government-held areas, warning a Norwegian-brokered truce was at risk.Tamil Tigers Thursday gave the Sri Lankan authorities two weeks to step up security for rebels travelling through government-held areas, warning a Norwegian-brokered truce was at risk. The rebel […]

Tamil Tigers Thursday gave the Sri Lankan authorities two weeks to step up security for rebels travelling through government-held areas, warning a Norwegian-brokered truce was at risk.Tamil Tigers Thursday gave the Sri Lankan authorities two weeks to step up security for rebels travelling through government-held areas, warning a Norwegian-brokered truce was at risk. The rebel […]

Soaring oil prices and political instability could put the breaks on Sri Lanka’s economic performance this year, the country’s Central Bank said Thursday.Soaring oil prices and political instability could put the breaks on Sri Lanka’s economic performance this year, the country’s Central Bank said Thursday. “Macro stability as well as political stability would be crucial […]

Sri Lanka’s economy in the first quarter of 2005 grew 4.8 percent in the immediate aftermath of the December tsunami that destroyed most of the island’s costal infrastructure. Sri Lanka’s economy in the first quarter of 2005 grew 4.8 percent in the immediate aftermath of the December tsunami that destroyed most of the island’s costal […]