‘s import bill by 10%

Oil, fertiliser and fabric swelled Sri Lanka’s import bill by 9.9 percent to US$ 1.2 bn in the first two months this year, with much of the growth – US$ 200 mn, spent on petroleum imports. Oil, fertiliser and fabric swelled Sri Lanka’s import bill by 9.9 percent to US$ 1.2 bn in the first […]

Buddhist monk watches horror on highway as 35 perish in bus-train crash

A Sri Lankan video cameraman films the wreck of a passenger bus which collided with a train near the town of Polgahawela, some 80 kilometres (50 miles) northeast of Colombo,27 April 2005. At least 33 people were killed and 30 were wounded when a train ploughed into a bus at a level crossing in northern […]

Despite shocks, Asia-Pacific economies make best showing since 2000: UN

BANGKOK, April 25 (AFP) – Shrugging off a stream of disasters and shocks, the Asia-Pacific region last year managed to post its strongest economic gains since 2000, the United Nations said Monday in an annual survey.BANGKOK, April 25 (AFP) – Shrugging off a stream of disasters and shocks, the Asia-Pacific region last year managed to […]

Sri Lanka accused Tamil Tiger rebels of provoking government security forces and said the military was ready to take action to “protect peace,” a state-run daily reported Friday. Sri Lanka accused Tamil Tiger rebels of provoking government security forces and said the military was ready to take action to “protect peace,” a state-run daily reported […]

Sri Lanka grants amnesty to 70,000 military deserters

Sri Lanka has offered to drop court martial proceedings against 70,000 military deserters as part of a drive to overhaul the security forces, the defence ministry said Friday.Sri Lanka has offered to drop court martial proceedings against 70,000 military deserters as part of a drive to overhaul the security forces, the defence ministry said Friday. […]

Sri Lanka warns Tigers against provoking troops, vow to ‘protect peace’

Sri Lanka accused Tamil Tiger rebels of provoking government security forces and said the military was ready to take action to “protect peace,” a state-run daily reported Friday. Sri Lanka accused Tamil Tiger rebels of provoking government security forces and said the military was ready to take action to “protect peace,” a state-run daily reported […]

May Day Resolutions

Sri Lanka’s government has promised lending agencies to turn a new leaf after May Day, kicking off the process with a hike in fuel prices, LBO learns.Sri Lanka’s government has promised lending agencies to turn a new leaf after May Day, kicking off the process with a hike in fuel prices, LBO learns. A top […]

Sri Lanka faces new crisis over tsunami deal with Tigers

A main Marxist party in Sri Lanka’s ruling coalition Wednesday issued a fresh warning to the government not to go ahead with a Norwegian-brokered deal with Tamil Tiger rebels to handle tsunami aid. The Marxist JVP, or People’s Liberation Front, which holds the balance of power in the 225-member parliament, said they opposed a “joint […]

South Asia needs to do more to reach Millennium Development Goals

South Asia still lags behind on some Millennium Development Goals (MDG), with more work needed in bridging income gaps, access to education and bringing down trade barriers.South Asia still lags behind on some Millennium Development Goals (MDG), with more work needed in bridging income gaps, access to education and bringing down trade barriers. But though […]

Norway envoy in talks amid tension in Sri Lanka

Norwegian peace envoy Erik Solheim opened talks with officials here Monday amid growing concern for the stability of a ceasefire between Sri Lankan troops and Tiger rebels, officials said.Norwegian peace envoy Erik Solheim opened talks with officials here Monday amid growing concern for the stability of a ceasefire between Sri Lankan troops and Tiger rebels, […]

Sri Lanka feels the benefits of debt moratorium

Though there are doubts about how soon the US$ 2 billion aid pledge can be drawn down, the government is already getting the benefits of the debt moratorium.Though there are doubts about how soon the US$ 2 billion aid pledge can be drawn down, the government is already getting the benefits of the debt moratorium. […]

Norway in new peace drive in Sri Lanka amid escalating violence

Norwegian special envoy Erik Solheim arrived here Sunday for a fresh attempt to revive Sri Lanka’s deadlocked peace talks with Tamil Tiger rebels, an official said, as violence escalated in the island’s troubled east. Norwegian special envoy Erik Solheim arrived here Sunday for a fresh attempt to revive Sri Lanka’s deadlocked peace talks with Tamil […]

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