Tag: lbo
Hot Potato
Sri Lanka is to ink a US$ 100 million fuel purchase deal with Malaysia next Monday, to ease the strain on the country’s balance of payments, a top official said Tuesday.Sri Lanka is to ink a US$ 100 million fuel purchase deal with Malaysia next Monday, to ease the strain on the country’s balance of […]
Sri Lanka media minister quits
Sri Lanka’s Media minister Mangala Samaraweera Tuesday quit amid a deepening crisis within the shaky coalition government, an official said.Sri Lanka’s Media minister Mangala Samaraweera Tuesday quit amid a deepening crisis within the shaky coalition government, an official said. Samaraweera, a close confidant of President Chandrika Kumaratunga resigned his position as media minister, but will […]
Sri Lanka coalition under siege as monks, Tigers mount pressure
Sri Lanka’s president came under intense pressure as a key minister quit Tuesday and the influential Buddhist clergy vowed to end her career if she approved an aid-sharing deal with Tamil Tiger rebels.Sri Lanka’s president came under intense pressure as a key minister quit Tuesday and the influential Buddhist clergy vowed to end her career […]
Trip Switch
Developers of power plants say the sector is losing credibility with investors because of regular policy U turns and delays in project approval.Developers of power plants say the sector is losing credibility with investors because of regular policy U turns and delays in project approval. Investors last week encouraged the government to go ahead with […]
Hopes for Sri Lanka peace talks rise after India backs aid plan with rebels
Sri Lanka’s hopes of reviving peace talks with Tiger rebels were raised after India this week gave its backing to a controversial aid-sharing deal with the guerrillas, a senior diplomat and analysts said Sunday. Sri Lanka’s hopes of reviving peace talks with Tiger rebels were raised after India this week gave its backing to a […]
Two men shot dead in Sri Lanka capital may be linked to rebel factional feud
Unidentified gunmen shot dead two men in the Sri Lankan capital Colombo Sunday in killings that may be linked to factional fighting among Tamil rebels, a defence ministry spokesman said.The victims, both residents from the island’s northern peninsula of Jaffna, were gunned down in Colombo’s Kotahena area on Sunday morning, the spokesman said. “Police have […]
Sri Lankan president cancels talks with allies over tsunami aid deal
Sri Lanka’s president Monday cancelled crucial talks with legislators of her Marxist-backed coalition amid mounting opposition to plans for an aid sharing-deal with Tiger rebels, officials said.Sri Lanka’s president Monday cancelled crucial talks with legislators of her Marxist-backed coalition amid mounting opposition to plans for an aid sharing-deal with Tiger rebels, officials said. President Chandrika […]
Petro Shock
Fuel prices are being jacked up from midnight on Sunday, with petrol up by Rs.6.00 a litre to Rs. 80 and diesel up by Rs. 4.00 a litre to Rs. 50, just a month after the last price hike.Fuel prices are being jacked up from midnight on Sunday, with petrol up by Rs. 6.00 a […]
President India
03/06/2005 1. Her Excellency, Mrs. Chandrika Bandaranaike Kumaratunga, President of Sri Lanka, paid a working visit to India from June 2-4, 2005. 03/06/2005 1. Her Excellency, Mrs. Chandrika Bandaranaike Kumaratunga, President of Sri Lanka, paid a working visit to India from June 2-4, 2005. 2. The President of Sri Lanka held cordial, wide-ranging discussions with […]
Donors postpone talks with Sri Lankan rebels ahead of aid-sharing deal
International donors said Thursday they had postponed a meeting with Sri Lanka’s Tamil Tiger rebels amid moves by Colombo to enter into a controversial aid-sharing deal with the guerrillas.International donors said Thursday they had postponed a meeting with Sri Lanka’s Tamil Tiger rebels amid moves by Colombo to enter into a controversial aid-sharing deal with […]
Temasek Holdings fund manager to share tips with local financial community
A fund manager working for a top Asian investment fund would be in Sri Lanka to share and train local financial positions on risk management. A fund manager working for a top Asian investment fund would be in Sri Lanka to share and train local financial positions on risk management. David Belmont Managing Director and […]
India offers to help Sri Lanka redesign air-defence capabilities: report
NEW DELHI, June 3 (AFP) – India has offered to assist its southern neighbour Sri Lanka redesign its air-defence network after allegations that Tamil Tiger rebels have acquired at least two aircraft, a report said Friday.NEW DELHI, June 3 (AFP) – India has offered to assist its southern neighbour Sri Lanka redesign its air-defence network […]