Tag: economy

The U.S. Embassy on Saturday congratulated the Sri Lankanrnpeople on the conclusion of a largely peaceful parliamentary election rnwith an impressive level of voter turnout.“We applaud the performance of rnthe Election Commission and the police,” the Embassy said in a statement.rn rn”We look forward working with the new government elected by the people rnof Sri […]

Sri Lanka was headed Saturday for a shaky coalition government as no clear winner emerged in parliamentary elections called to settle a power struggle that has set back the islands peace process.rnThe party of President Chandrika Kumaratunga, who has accused the incumbent premier of conceding too much to Tamil rebels, said it was prepared to […]

Dissanayake told reporters that he would meet party leaders on Sunday 10.30 am to appraise them of the situation and take a decision thereafter whether to go for a re-poll.rn rnldblquote The earliest we can have a fresh election is within a week,” Dissananayake said.rn rn”We will not release the district results in respect of […]

President Chandrika Kumaratungas United Peoples Freedom Alliance (UPFA) was leading in early returns Saturday in parliamentary elections, which saw Sri Lankans turn out in large numbers to vote in what is seen as a test of peace talks and the health of the economy.The Elections Dept., said the 608,458,postal votes counted so far, gave the […]

President Chandrika Kumaratungas United Peoples Freedom Alliance (UPFA) has so far secured just over 47 percent of the votes at Fridays parliamentary poll.The ruling United National Front (UNF) led by Premier Ranil Wickremasinghe, was trailing with a little over 35.2 percent of the total votes counted so far, the Elections Dept said.rn rnThe Buddhist clergy […]

Come Friday over 4,000 monitors and 20 international observers will take up positions all islandwide to take note of another Sri Lanka election at the cost of over Rs. 30 mn.ldblquote On Election Day, CMEV (Centre for Monitoring Election Violence) will have 4584 Monitors plus 20 International Observers, making a total of 4604 Monitors, dblquote […]

The power game is far from over and will continue to play itself out after Fridays general election, say political analysts. rnrn After months of uncertainly rnColombo is steeling itself to put up with a minority government of uncertain rnduration and nature.rn Opinion polls point to a rnlack of a clear majority for either of […]

A new constitution for Sri Lanka through lquote extra legal measures is the answer, says the UPFA endash but political analysts look at it as lquote out of the frying pan and into the fire.The UPFA (United Peoples Freedom Alliance) is asking for a mandate for lquote extra legal measures to adopt a new constitution.rn […]

rnrn HNB rnStockbrokers Head of Research Hasitha Premaratna arrives at his conclusion on rnthree scenarios based on the districts bagged by each party.rn rn rnProjections for the general election 2004 – based on percentage deviation from rnthe results of 2001 polls – shows that the JHU is expected to secure 10 endash 15 rnseats, with […]

President Chandrika Kumaratunga and Tamil Tiger guerrilla leader Velupillai Prabhakaran are not candidates in the poll, but their reputations and political future depends on the outcome of the ballot.rn rnHere are pen sketches of the key players:rn rnCHANDRIKA KUMARATUNGA: The 59-year-old daughter of two prime ministers and the widow of a prospective presidential candidate, Kumaratunga […]

Seasonal consumer price inflation in March fell by 0.8 per cent in March after falling by 0.7 per cent in February.Annual average inflation, a more accurate measure of the direction of inflation, has been fallen steadily from around 2001.rn rnIn March Rice, coconuts and vegetable prices had fallen while meat and sugar prices had risen.rn […]

Sri Lanka votes Friday in an election that was meant to end a power struggle but is now widely expected to return a hung parliament that could further undermine an already faltering peace bidThe vote, the third in four years, was called by President Chandrika Kumaratunga after she disagreed with Prime Minister Ranil Wickremesinghe over […]