Sri Lanka posts 4.8% post tsunami growth

Sri Lanka’s economy in the first quarter of 2005 grew 4.8 percent in the immediate aftermath of the December tsunami that destroyed most of the island’s costal infrastructure. Sri Lanka’s economy in the first quarter of 2005 grew 4.8 percent in the immediate aftermath of the December tsunami that destroyed most of the island’s costal […]

Going Nowhere

Lending agency loans, for electricity sector reforms in Sri Lanka, expire this week but reforms talks between government and trade unions are still deadlocked.Lending agency loans, for electricity sector reforms in Sri Lanka, expire this week but reforms talks between government and trade unions are still deadlocked. A Rs 3 bn loan from the Japan […]

Suspected rebels kill three Sri Lankan troops in gunbattle

Suspected Tamil Tiger rebels killed three soldiers from a military intelligence unit in a gunbattle in eastern Sri Lanka on Thursday, the defence ministry said.Suspected Tamil Tiger rebels killed three soldiers from a military intelligence unit in a gunbattle in eastern Sri Lanka on Thursday, the defence ministry said. The rebels attacked the three men […]

‘s economic growth

Soaring oil prices and political instability could put the breaks on Sri Lanka’s economic performance this year, the country’s Central Bank said Thursday.Soaring oil prices and political instability could put the breaks on Sri Lanka’s economic performance this year, the country’s Central Bank said Thursday. “Macro stability as well as political stability would be crucial […]

Oil prices and political stability could crimp Sri Lanka’s economic growth

Soaring oil prices and political instability could put the breaks on Sri Lanka’s economic performance this year, the country’s Central Bank said Thursday.Soaring oil prices and political instability could put the breaks on Sri Lanka’s economic performance this year, the country’s Central Bank said Thursday. “Macro stability as well as political stability would be crucial […]

Peep at P-TOMS, what they say

P-TOMS will generate more than international goodwill for Sri Lanka, says the World Bank.P-TOMS will generate more than international goodwill for Sri Lanka, says the World Bank. “The existence of the mechanism would generate more support for Sri Lanka that would not have come in, in its absence,” said World Bank country head, Peter Harrold […]

Tigers free policeman seized in eastern Sri Lanka

Tamil Tiger rebels Tuesday freed a policeman they had seized in the island’s embattled eastern province but another officer detained by the rebels was found dead, local military officials said.Tamil Tiger rebels Tuesday freed a policeman they had seized in the island’s embattled eastern province but another officer detained by the rebels was found dead, […]

‘s warring parties to strengthen truce after aid deal

The United States asked Sri Lanka’s government and Tamil Tiger rebels Monday to strengthen a fragile truce between them after they entered into a controversial deal to share aid pledged after the tsunami.The United States asked Sri Lanka’s government and Tamil Tiger rebels Monday to strengthen a fragile truce between them after they entered into […]

‘t politicise tsunami aid, warns Sri Lanka Tamil leader

KILINOCHCHI, Sri Lanka, (AFP) – Tamil Tiger rebels asked Sri Lanka Sunday not to “politicise” tsunami relief, but said working with Colombo to distribute foreign aid could help build confidence among the warring parties.KILINOCHCHI, Sri Lanka, (AFP) – Tamil Tiger rebels asked Sri Lanka Sunday not to “politicise” tsunami relief, but said working with Colombo […]

Muslims block roads demanding greater say in Sri Lanka aid-sharing deal

Minority Muslims set fire to tyres and blocked main roads in eastern Sri Lanka Monday to demand a greater say in the government’s controversial deal to share tsunami aid with Tiger rebels.Minority Muslims set fire to tyres and blocked main roads in eastern Sri Lanka Monday to demand a greater say in the government’s controversial […]

Final Call

The Asian Development Bank rapped Sri Lanka on Monday for dragging its feet on key electricity reforms, even as the Premier held crucial reform talks with warring trade unions.The Asian Development Bank rapped Sri Lanka on Monday for dragging its feet on key electricity reforms, even as the Premier held crucial reform talks with warring […]

US asks Sri Lanka’s warring parties to strengthen truce after aid deal

The United States asked Sri Lanka’s government and Tamil Tiger rebels Monday to strengthen a fragile truce between them after they entered into a controversial deal to share aid pledged after the tsunami.The United States asked Sri Lanka’s government and Tamil Tiger rebels Monday to strengthen a fragile truce between them after they entered into […]

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