Tag: Sri Lanka
More foreign aid needed to reach Millennium Development Goals: UNDP
April 04, 2007 (LBO) – Aid to poor countries has fallen since 2005, threatening the achievement of Millennium Development Goals, (MDGs) the head of the United Nations Agency that promotes sustainable development has said. In Sri Lanka for example, analysts say almost all the long-term investments in infrastructure are financed with foreign aid, while 49 […]
‘s former cricket chief jailed
COLOMBO, April 4, 2007 (AFP) – A court sentenced Sri Lanka’s former cricket chief Thilanga Sumathipala to two years in jail Wednesday for breaking the island’s immigration laws, officials said. Sumathipala was charged with taking an alleged underworld leader named Dhammika Amarasinghe to England on forged travel documents to watch the 1999 cricket world cup. […]
Sri Lanka claims 12 Tamil Tigers killed
COLOMBO, April 3, 2007 (AFP) – Sri Lankan troops killed at least 12 Tamil Tiger rebels in clashes in the northwestern district of Mannar, the defence ministry said Tuesday.More than 4,000 people have been killed in the latest upsurge of fighting that began in December 2005 despite a truce arranged in 2002.The clashes erupted near […]
Cross-over MP back in Sri Lanka opposition
April 03, 2007 (LBO) – Former United National Party (UNP) parliamentarian Edward Gunasekera, who crossed over to the government and became deputy minister of railways, crossed back to the opposition UNP Tuesday. His move created an uproar that caused the Speaker W.J.M. Lokubandara to adjourn parliament. Gunasekera tried to make a statement in the House […]
Closer regional ties could increase trade and reduce energy shortages: World Bank
April 03, 2007 (LBO) – South Asia’s high economic growth has created a new momentum for closer regional integration, which can increase trade and bring greater prosperity to its peoples, the World Bank said ahead of a regional summit that starts today. Praful Patel, World Bank Vice-President for the South Asia region, said there are […]
Sri Lankan, South Asian leaders say must “root out terror” for economic progress
NEW DELHI, April 3, 2007 (AFP) – South Asian nations must “root out terrorism” to turn around the fortunes of their underperforming trading bloc, the countries’ leaders told a regional summit here on Tuesday. Economic progress in the troubled region, home to nearly 1.5 billion people or one-fifth of humanity, is impossible without overcoming security […]
”’ is under control
April 03, 2007 (LBO) – Sri Lanka central bank says it had met the 17.2 percent money growth number it had set for itself for March, with actual money supply undershooting the target as it attempted to put the lid on runaway inflation in the country. “The actual reserve money as at the end of […]
Sri Lanka says 23 Tiger rebels killed after bus bombing
April 3, 2007 (AFP) – Sri Lankan security forces have killed at least 23 Tamil Tiger rebels in fresh fighting in the island’s east following a deadly bus bombing, the defence ministry said Tuesday.“In the limited humanitarian operation on the west and south of Batticaloa, we have found 10 bodies of the LTTE cadres,” spokesman […]
‘s opposition pokes fun at government growth numbers
April 03, 2007 (LBO) – Sri Lanka’s main opposition United National Party poked fun at the government’s economic performance as two agencies produced two sets of national accounts claiming growth rates of 7.4 and 7.7 percent for 2006. “On March 30, the central bank said the economy grew by 7.4 percent,” parliamentarian Kabir Hashim told […]
ICRC condemns Sri Lanka bus attack
GENEVA, April 3, 2007 (AFP) – The international Red Cross on Tuesday condemned a bus bombing on Sri Lanka’s eastern coast which left 16 people dead, including three children, and injured 25 others. “The International Committee of the Red Cross deplores the civilian casualties caused by an attack yesterday on a civilian bus in Ambalangoda, […]
Bus bomb kills 15 in Sri Lanka
COLOMBO, April 2, 2007 (AFP) – At least 15 people, including a child, were killed and 25 wounded when a bomb ripped through a crowded bus in eastern Sri Lanka Monday, officials said. The defence ministry immediately accused Tamil Tiger rebels of setting off the bomb, while the rebels denied they were responsible. Passengers were […]
‘s inflation promoters call for higher minimum wage: report
April 02, 2007 (LBO) – A trade union connected to a Sri Lankan political party whose policy influence expanded the budget deficit and drove inflation to very high levels in the last three years is now calling for a higher minimum wage, reports said. But agitation for salary increments also usually follows high inflation. Updated […]