Tag: business

A top official of a Muslim ally of Sri Lanka’s minority government quit his position as the head of a state enterprise, fuelling speculation that his party may also leave the government.A top official of a Muslim ally of Sri Lanka’s minority government quit his position as the head of a state enterprise, fuelling speculation […]

A key Muslim party threatened Sunday to resign from the Sri Lankan government over a controversial tsunami aid-sharing deal with Tamil Tiger rebels.A key Muslim party threatened Sunday to resign from the Sri Lankan government over a controversial tsunami aid-sharing deal with Tamil Tiger rebels. The National Unity Alliance, a member of President Chandrika Kumaratunga’s […]

A JVP poster litters Parliament Road after security forces thwarted an attempt by the Marxist party’s supporters from marching up to the Parliamentary complex Friday. Sittings in Sri Lanka’s parliament was suspended after members of a the Marxist Janatha Vimukthi Peramuna held a noisy, black flag protest against a controversial aid share deal with the […]

COLOMBO, June 24 – Sri Lanka’s government unveiled Friday a tsunami aid sharing deal with Tamil rebels despite heated protests from Marxists who disrupted a parliamentary debate on the controversial issue. COLOMBO, June 24 – Sri Lanka’s government unveiled Friday a tsunami aid sharing deal with Tamil rebels despite heated protests from Marxists who disrupted […]

Only a part of the money earmarked for reconstruction of the North East of Sri Lanka would go into the proposed fund coming under the joint aid sharing agreement with the Tamil rebels, because some donor governments have refused to channel money into it.Only a part of the money earmarked for reconstruction of the North […]

The Joint Mechanism proposal to share tsunami aid with the LTTE was signed this morning after a parliamentary debate on the issue was disrupted by the JVP.The Joint Mechanism proposal to share tsunami aid with the LTTE was signed this morning after a parliamentary debate on the issue was disrupted by the JVP. The secretary […]

The MOU for a Post-Tsunami Operational Management Structure (P-TOMS) signed by the LTTE and returned to Colombo.“Mr Jayasinghe, Secretary to the Ministry of Relief, Rehabilitation and Reconciliation and Mr Shanmugalingam Ranjan, Deputy Head of the Planning and Development Secretariat of the LTTE, signed the agreement,” said a statement from the Government Information Department, on Friday. […]

Sri Lanka’s government and Tiger rebels Friday entered a landmark tsunami aid-sharing deal, raising hopes of salvaging a Norwegian-led peace process while hardline Marxists stepped up nationwide protests.Sri Lanka’s government and Tiger rebels Friday entered a landmark tsunami aid-sharing deal, raising hopes of salvaging a Norwegian-led peace process while hardline Marxists stepped up nationwide protests. […]

Norway will give Sri Lanka a further Rs.300 mn to revive a tsunami hit fisheries sector, but says more funding will come only when an aid sharing deal with Tamil Tiger rebels is in place.Norway will give Sri Lanka a further Rs. 300 mn to revive a tsunami hit fisheries sector, but says more funding […]

Sri Lanka is on the verge of clinching a deal with Tamil Tiger rebels on sharing foreign aid for post-tsunami reconstruction, official sources said Thursday, as Norway kept up shuttle diplomacy to save the faltering peace process.Sri Lanka is on the verge of clinching a deal with Tamil Tiger rebels on sharing foreign aid for […]

Sri Lanka closes the gap on its trade deficit by US$ 47 million up to April 2005, with tsunami aid, higher exports and an increase in remittances. Sri Lanka closes the gap on its trade deficit by US$ 47 million up to April 2005, with tsunami aid, higher exports and an increase in remittances. The […]

Corporate leader activism is almost non-existent although the Cease Fire Agreement with the LTTE is delicately poised and political landscape slipping in to uncertainty.Corporate leader activism is almost non-existent although the Cease Fire Agreement with the LTTE is delicately poised and political landscape slipping in to uncertainty. The primacy of politics over economics is not […]