Tag: lbo

Sri Lanka’s tsunami reconstruction costs have jumped by about 60 percent and the island is in danger of running short of funds, even if the US$ 3.2 billion pledged aid is fully utilised, economists from the Institute of Policy Studies said Thursday.Sri Lanka’s tsunami reconstruction costs have jumped by about 60 percent and the island […]

The US Embassy says 59 Sri Lankans were arrested this year so far, on attempted visa fraud. The US Embassy says 59 Sri Lankans were arrested this year so far, on attempted visa fraud. The US Embassy investigated 987 suspicious applications this year out of 13,000 immigrant and non-immigrant applications for US visa. “Some applicants […]

Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. The government uses the 12-month […]

The visiting UN envoy for tsunami recovery, Bill Clinton, warned Sri Lanka that a return to civil war in the island could undo efforts to rebuild after last year’s devastating tsunami.The visiting UN envoy for tsunami recovery, Bill Clinton, warned Sri Lanka that a return to civil war in the island could undo efforts to […]

Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. Sri Lanka’s inflation rate for November eased marginally to 12.1 percent, despite price hikes in cigarettes and alcohol, the Census & Statistics Board said Wednesday. The government uses the 12-month […]

The United Nations special envoy for tsunami recovery, former US president Bill Clinton, arrived in Sri Lanka to inspect reconstruction efforts in the island nation, UN officials said. The United Nations special envoy for tsunami recovery, former US president Bill Clinton, arrived in Sri Lanka to inspect reconstruction efforts in the island nation, UN officials […]

Sri Lanka’s Tamil Tiger rebels Sunday set a year-end deadline for the new government to come up with a “reasonable” political settlement or risk a war that could break up the island.Sri Lanka’s Tamil Tiger rebels Sunday set a year-end deadline for the new government to come up with a “reasonable” political settlement or risk […]

The World Trade Organisation (WTO) agrees to pay special attention to small, vulnerable economies like Sri Lanka, during international trade talks.The World Trade Organisation (WTO) agrees to pay special attention to small, vulnerable economies like Sri Lanka, during international trade talks. The WTOs draft text for its Ministerial meeting in December, calls on WTO countries […]

Sri Lanka’s Tamil Tiger rebels Sunday set a year-end deadline for the new government to come up with a “reasonable” political settlement or risk a war that could break up the island.Sri Lanka’s Tamil Tiger rebels Sunday set a year-end deadline for the new government to come up with a “reasonable” political settlement or risk […]

Sri Lanka’s new President Mahinda Rajapakse Monday invited the Tamil Tigers for peace talks a day after the separatist guerrillas issued a deadline for him to cut a peace deal quickly or risk a new war.Sri Lanka’s new President Mahinda Rajapakse Monday invited the Tamil Tigers for peace talks a day after the separatist guerrillas […]

A Tamil Tiger deadline for a political deal in Sri Lanka eased fears of an immediate return to war in the South Asian nation and left room for the new government to manoeuvre, analysts said Monday.A Tamil Tiger deadline for a political deal in Sri Lanka eased fears of an immediate return to war in […]

Sri Lanka’s new political leadership needs to instill investor confidence, halt galloping inflation and interest rates, if the island is to move beyond a five percent growth, the World Bank’s country chief said Saturday.Sri Lanka’s new political leadership needs to instill investor confidence, halt galloping inflation and interest rates, if the island is to move […]