Sri Lanka, Pakistan agree to intensify trade, defence, economic links

ISLAMABAD, Apr.0l (AFP) – Pakistan and Sri Lanka agreed Saturday to intensify cooperation in defence, science and technology and trade after talks between their leaders, officials said. Sri Lankan President Mahinda Rajapakse, who arrived here Friday on a three-day visit, held talks with Pakistani President Pervez Musharraf and Prime Minister Shaukat Aziz on a wide […]

Low vote for monks, Marxists to help Sri Lanka peace: media

April 01 (AFP) – The crushing electoral defeat of Sri Lanka’s nationalist Buddhist monks and Marxists, who both oppose Norwegian-backed peace moves, could boost efforts to end ethnic bloodshed, media said Saturday.Official results of the Thursday poll showed that President Mahinda Rajapakse’s People’s Alliance won 225 of the 266 local councils. By contrast, the Marxist […]

Sri Lanka ruling party heads for local council win

Mar. 31 (AFP) – Sri Lanka’s ruling party Friday was headed for a comfortable sweep of local council elections after the first test of public opinion since President Mahinda Rajapakse came to power.Official results declared by the Sri Lankan election department showed that Rajapakse’s people’s Alliance had won 39 out of the 49 councils declared […]

Sri Lanka to discuss military cooperation with Pakistan

Mar. 31 (AFP) – Sri Lankan President Mahinda Rajapakse was due in Islamabad Friday for a three-day visit during which he is expected to discuss military cooperation with Pakistan, official sources said Friday.Rajapakse, who is also the defence minister, will hold talks with President Pervez Musharraf on bilateral trade, tourism, cultural exchanges and defence matters […]

‘s economy expands by 5.9 % in 2005

Mar. 31 – Sri Lanka’s economy expanded by 5.9 percent in 2005, over 5.4 percent a year earlier, in the backdrop of high international oil prices and stiff competition for key exports like garments, the Central Bank said Friday. Economic growth during the fourth quarter of 2005 was 6.3 percent on higher inputs from agriculture, […]

Liquid Potential

Mar. 31 (LBO) – Small hydro company Vallibel Power Erathne, that opens its share issue on April 6, is bullish on Sri Lanka’s hydro and other renewable energy prospects, despite climbing costs. The Vallibel Power group operates 18.9 megawatts in small hydro plants, with plans to go up to 45 MegaWatts over the next few […]

‘s March inflation dips

Mar. 31 (LBO) – Sri Lanka’s annualised inflation eased to 9.6 percent in the twelve months to March from 10.3 percent in February, despite price hikes in the sales of firewood, sugar, meat and milk tea, the Census & Statistics Dept said Friday. The twelve month moving average is usually taken as the official inflation […]

Sri Lanka’s economy expands by 5.9 % in 2005

Mar. 31 – Sri Lanka’s economy expanded by 5.9 percent in 2005, over 5.4 percent a year earlier, in the backdrop of high international oil prices and stiff competition for key exports like garments, the Central Bank said Friday. Economic growth during the fourth quarter of 2005 was 6.3 percent on higher inputs from agriculture, […]

Sri Lanka’s March inflation dips

Mar. 31 (LBO) – Sri Lanka’s annualised inflation eased to 9.6 percent in the twelve months to March from 10.3 percent in February, despite price hikes in the sales of firewood, sugar, meat and milk tea, the Census & Statistics Dept said Friday. The twelve month moving average is usually taken as the official inflation […]

Low turnout in Sri Lanka local polls

Mar. 30 (AFP) – A low turnout marred municipal elections in Sri Lanka Thursday after a campaign which unexpectedly focused on local issues instead of the usual electoral favourite, the island’s divisive peace process.Election officials estimated that only about half the 10.1 million eligible voters turned out to cast their ballots to elect municipal, urban […]

Mediator tells Sri Lankan parties to keep ceasefire promise

LONDON, Mar. 29 (AFP) – The main mediator in the long-standing conflict in Sri Lanka, Erik Solheim of Norway, on Wednesday called for the government and Tamil rebels to keep their commitment to a ceasefire even after the recent deadly attack on a naval vessel.Suspected rebels blew up a trawler together with six of their […]

Tigers seek security guarantees to attend Swiss talks

Mar. 30 (AFP) – Tamil Tiger rebels Thursday demanded guarantees of safe passage through Sri Lanka’s only international airport to attend Swiss talks next month on saving their troubled ceasefire.The Liberation Tigers of Tamil Eelam (LTTE) said they will attend talks in Switzerland, tentatively set for April 19 to 21, only if peace broker Norway […]

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