Tag: Sri Lanka
”’s role in peace deal
Jan 04, 2008 (LBO) – Sri Lanka is looking at redefining the role of Norway in the county’s peace effort following its decision to terminate a truce with the Tamil Tigers with effect from January 16, 2008, Foreign Minister Rohitha Bogollagama told a news conference Friday. .Updated The Sri Lankan government Thursday formally notified Norway […]
Sri Lanka opposition says truce was dead letter
Jan 03, 2007 (LBO) – Sri Lanka’s main opposition, whose leader signed a truce with the Tamil Tigers in 2002, says a government decision to abrogate the deal is not a problem for the party. “The decision is not a problem for us,” United National Party General Secretary Tissa Attanayake said. “It was drafted during […]
Record Highs
NEW YORK, Jan 2, 2008 (AFP) – Oil prices spiked to record closing highs within striking distance of 100 dollars a barrel Wednesday, triggering inflation jitters that weighed on the US stock market. “Crude prices are drawing some support from (expectations of) a further decline in crude stocks in a weekly US inventories report,” said […]
Roadside bomb kills two Sri Lanka soldiers: police
Jan 3, 2008 (AFP) – Two Sri Lankan government soldiers were killed and three others wounded Thursday when their truck was hit by a roadside bomb in a north-central part of the island, police said.“The truck was hit by a Claymore mine,” a police official in the district of Anuradhapura said by telephone. “We can […]
Century!
SINGAPORE, Jan 3, 2008 (AFP) – World oil prices eased in Asian trading on Thursday after briefly hitting 100 dollars a barrel for the first time, jolting oil-dependent economies.In morning trade, New York’s main contract, light sweet crude for February delivery, was 43 cents lower at 99.19 dollars a barrel. The contract closed 3.64 dollars […]
Sri Lanka truce ends on Jan 16: Foreign ministry
Jan 3, 2008 (AFP) – Sri Lanka announced Thursday it had given the mandatory two weeks’ notice to peace broker Norway to formally quit a ceasefire with Tamil rebels on January 16. The foreign ministry in a statement said the February 2002 ceasefire arranged by Oslo would end in two weeks, after the government on […]
Sri Lanka govt still ready to talk to Tamil Tigers
Jan 03, 2007 (LBO) – The Sri Lankan government is still willing to have peace talks with Tamil Tiger rebels despite its decision to withdraw from a moribund ceasefire agreement, media minister Anura Yapa said Thursday. . The government is not against peace talks to end the ethnic war but believes it is useless to […]
‘s funeral
Jan 3, 2008 (AFP) – A prominent Sri Lankan Tamil opposition MP who was murdered earlier this week was cremated here Thursday amid tight security and allegations that the island’s government was behind the killing.The cremation took place amid heavy fighting between government troops and Tamil Tiger rebels in northern Sri Lanka, hours after the […]
Sri Lanka needs better budgets for low inflation: central bank
Jan 03, 2008 (LBO) – Sri Lanka’s central bank governor Nivard Cabraal said better budgets were needed to lower inflation, as heavy government borrowings made it difficult to conduct effective monetary policy. “The conduct of a successful monetary policy, while facing a high budget deficit is a challenging task,” he said in a speech outlining […]
Sri Lanka to pull out of ceasefire: presidential spokesman
Jan 2, 2008 (AFP) – The Sri Lankan government Wednesday announced it was formally withdrawing from the Norwegian-arranged ceasefire agreement with Tamil Tiger rebels, presidential spokesman Chandrapala Liyanage told AFP.The move also followed a call by the United States to revive stalled peace talks between the government and the Tamil Tigers. “The cabinet of ministers […]
Sri Lanka rupee depreciates 1-pct in 2007, reserves US$3bn: central bank
Jan 01, 2008 (LBO) – Sri Lanka’s central bank says the rupee closed at 107.71 against the dollar in 2007 indicating that the domestic currency only depreciated by one percent against the greenback last year. . “This depreciation was substantially below some of the adverse expectations that prevailed in the market, based on certain claims […]
Sri Lanka central bank gives up on low inflation for 2008
Jan 02, 2007 (LBO) – Sri Lanka’s central bank has given up achieving low inflation in 2008 with Governor Nivard Cabraal saying that the bank may allow consumer inflation to go as high as 14 percent this year.. However, Cabraal said his institution would try to keep consumer inflation at around 10 to 11 percent […]