Tag: lbo
Stocks dip on news of second attack on military
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 […]
Sri Lanka needs to focus on a better macro-economic policy matrix to face the challenges ahead
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 […]
US$ 50 million ADB loan to upgrade Sri Lanka’s crowded cities
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 […]
Death toll hits 22 in Sri Lanka violence, mine blasts threaten truce
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 army chief seeks talks with Tigers amid blasts
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 […]
” as death toll hits 27
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 accuse Tigers of ‘stealth war’ as death toll hits 27
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 […]
Aid scramble wasting Sri Lanka tsunami relief, think-tank says
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 army warns Tamil Tigers as bloody attacks spike
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 […]
Mine blast rocks Sri Lanka truce, monitors urge calm
Six soldiers were killed in a landmine blast in northern Sri Lanka Sunday, the military said amid an upsurge in violence that prompted Scandanavian truce monitors to warn of “irreparable” damage to the country’s four-year-old ceasefire.Six soldiers were killed in a landmine blast in northern Sri Lanka Sunday, the military said amid an upsurge in […]
Ho Ho Ho!!!
Retail fuel giant Lanka IOC Ltd.’s could be heading for a bleak Christmas as US$ 71 million worth of unpaid subsidy bills, due from the Sri Lankan government, pile up. Retail fuel giant Lanka IOC Ltd.’s could be heading for a bleak Christmas as US$ 71 million worth of unpaid subsidy bills, due from the […]
Sri Lanka revised 2006 budget likely to have more welfare
A new budget that the Sri Lankan government will announce next week to fulfill some of the new President’s election promises is likely to contain welfare measures and help for farmers. A new budget that the Sri Lankan government will announce next week to fulfill some of the new President’s election promises is likely to […]