Tag: lankabusinessonline

Sri Lanka said Wednesday it has asked Norway to keep trying to broker peace with Tamil Tiger rebels, amid a recent spate of violence which has killed 29 and raised fears that the country could slip back into war. Sri Lanka said Wednesday it has asked Norway to keep trying to broker peace with Tamil […]

The latest wave of violence has claimed the lives of 17 troops and 12 others and the Sri Lankan government sought foreign help to salvage a tottering truce, but ceasefire monitors say the situation is “not out of control.” The latest wave of violence has claimed the lives of 17 troops and 12 others and […]

Update Colombo stocks dipped sharply as suspected Tamil Tigers carried out a second land mine attack on a Sri Lankan Army tractor killing six soldiers. Update Colombo stocks dipped sharply as suspected Tamil Tigers carried out a second land mine attack on a Sri Lankan Army tractor killing six soldiers. The attack is believed to […]

Though Sri Lanka badly needs higher levels of investment, to boost growth and reduce poverty, economists are warning that chronic macro-economic instability is hindering progress, with the deteriorating security situation also adding to the country’s woes.An appreciation of the real effective exchange rates, caused by adverse inflation differentials will eventually hurt domestic producers. High inflation […]

Asian Development Bank (ADB) approves US$ 50 million loan to upgrade infrastructure in Sri Lanka’s crowded cities. Asian Development Bank (ADB) approves US$ 50 million loan to upgrade infrastructure in Sri Lanka’s crowded cities. Over US$ 42 million will be made available to local authorities as part grant and part loan, through the Local Loans […]

Seven Sri Lankan soldiers were killed Tuesday in a landmine attack in the northern town of Jaffna, the second major attack blamed on Tamil Tiger rebels in three days, as the new army chief vowed to take on terrorism.Seven Sri Lankan soldiers were killed Tuesday in a landmine attack in the northern town of Jaffna, […]

Sri Lanka’s new army chief took command Tuesday with a call for talks with Tamil Tiger rebels to defuse tension in the northern town of Jaffna after 14 soldiers were killed in two blasts.Sri Lanka’s new army chief took command Tuesday with a call for talks with Tamil Tiger rebels to defuse tension in the […]

Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in a mine blast in the troubled north, bringing the death toll since the weekend to 27.Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in […]

Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in a mine blast in the troubled north, bringing the death toll since the weekend to 27.Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in […]

The US “gravely concerned” about ceasefire agreement violations in Sri Lanka over last few days.The US “gravely concerned” about ceasefire agreement violations in Sri Lanka over last few days. “The United States remains gravely concerned about persistent violations of the Ceasefire Agreement, particularly over the past few weeks,” said a statement issued on Monday, by […]

International and local charities have wasted aid money meant for tsunami relief and slowed reconstruction efforts in Sri Lanka, an independent think-tank said Thursday.International and local charities have wasted aid money meant for tsunami relief and slowed reconstruction efforts in Sri Lanka, an independent think-tank said Thursday. The Institute of Policy Studies (IPS) asked the […]

Sri Lanka’s outgoing army chief on Monday accused Tamil Tiger rebels of trying to provoke the military with a series of truce-breaking attacks that killed 12 people over the weekend. Sri Lanka’s outgoing army chief on Monday accused Tamil Tiger rebels of trying to provoke the military with a series of truce-breaking attacks that killed […]