Sri Lanka tightens defences amid fears for truce

Sri Lanka’s top military brass held emergency talks with field commanders Wednesday amid fears that a truce with Tamil Tiger rebels was in danger of collapse after a fresh wave of violence killed 27, officials said.Sri Lanka’s top military brass held emergency talks with field commanders Wednesday amid fears that a truce with Tamil Tiger […]

Sri Lanka asks Norway to keep up peace bid

Sri Lanka’s new President Mahinda Rajapakse has asked Norway to keep trying to broker peace with Tamil Tiger rebels despite an election vow to review Oslo’s role, a government statement said Wednesday.Sri Lanka’s new President Mahinda Rajapakse has asked Norway to keep trying to broker peace with Tamil Tiger rebels despite an election vow to […]

” violence claims 29 lives in Sri Lanka

The latest wave of violence has claimed the lives of 17 troops and 12 others and the Sri Lankan government sought foreign help to salvage a tottering truce, but ceasefire monitors say the situation is “not out of control.” The latest wave of violence has claimed the lives of 17 troops and 12 others and […]

Norway sets terms to keep up Sri Lankan peace bid

OSLO, Dec 7 (AFP) – Norway’s government on Wednesday said it would agree to a Sri Lankan request to relaunch its bid to broker peace between Colombo and Tamil Tiger rebels, but only if certain conditions were met. OSLO, Dec 7 (AFP) – Norway’s government on Wednesday said it would agree to a Sri Lankan […]

Sri Lanka asks Norway to save peace bid amid war fears

Sri Lanka said Wednesday it has asked Norway to keep trying to broker peace with Tamil Tiger rebels, amid a recent spate of violence which has killed 29 and raised fears that the country could slip back into war. Sri Lanka said Wednesday it has asked Norway to keep trying to broker peace with Tamil […]

Stocks dip on news of second attack on military

Update Colombo stocks dipped sharply as suspected Tamil Tigers carried out a second land mine attack on a Sri Lankan Army tractor killing six soldiers. Update Colombo stocks dipped sharply as suspected Tamil Tigers carried out a second land mine attack on a Sri Lankan Army tractor killing six soldiers. The attack is believed to […]

Sri Lanka accuse Tigers of ‘stealth war’ as death toll hits 27

Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in a mine blast in the troubled north, bringing the death toll since the weekend to 27.Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in […]

US$ 50 million ADB loan to upgrade Sri Lanka’s crowded cities

Asian Development Bank (ADB) approves US$ 50 million loan to upgrade infrastructure in Sri Lanka’s crowded cities. Asian Development Bank (ADB) approves US$ 50 million loan to upgrade infrastructure in Sri Lanka’s crowded cities. Over US$ 42 million will be made available to local authorities as part grant and part loan, through the Local Loans […]

Death toll hits 22 in Sri Lanka violence, mine blasts threaten truce

Seven Sri Lankan soldiers were killed Tuesday in a landmine attack in the northern town of Jaffna, the second major attack blamed on Tamil Tiger rebels in three days, as the new army chief vowed to take on terrorism.Seven Sri Lankan soldiers were killed Tuesday in a landmine attack in the northern town of Jaffna, […]

Sri Lanka needs to focus on a better macro-economic policy matrix to face the challenges ahead

Though Sri Lanka badly needs higher levels of investment, to boost growth and reduce poverty, economists are warning that chronic macro-economic instability is hindering progress, with the deteriorating security situation also adding to the country’s woes.An appreciation of the real effective exchange rates, caused by adverse inflation differentials will eventually hurt domestic producers. High inflation […]

Sri Lanka army chief seeks talks with Tigers amid blasts

Sri Lanka’s new army chief took command Tuesday with a call for talks with Tamil Tiger rebels to defuse tension in the northern town of Jaffna after 14 soldiers were killed in two blasts.Sri Lanka’s new army chief took command Tuesday with a call for talks with Tamil Tiger rebels to defuse tension in the […]

” as death toll hits 27

Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in a mine blast in the troubled north, bringing the death toll since the weekend to 27.Sri Lanka on Tuesday accused Tamil Tiger rebels of unleashing a “stealth war” after seven soldiers were blown up in […]

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