Senior official shot dead in Sri Lanka ahead of peace moves

Suspected Tamil Tiger rebels shot dead a senior government official in eastern Sri Lanka Friday ahead of a visit to the region by a Norwegian peace envoy, the defence ministry said.Suspected Tamil Tiger rebels shot dead a senior government official in eastern Sri Lanka Friday ahead of a visit to the region by a Norwegian […]

Norway in fresh bid to save Sri Lanka peace process

Sri Lanka’s peacebroker Norway announced Friday a fresh bid to salvage the island’s faltering efforts to end ethnic bloodshed amid escalating violence in the island’s embattled eastern province.Sri Lanka’s peacebroker Norway announced Friday a fresh bid to salvage the island’s faltering efforts to end ethnic bloodshed amid escalating violence in the island’s embattled eastern province. […]

US official to give tools to tsunami-hit Sri Lanka tradesmen

A senior US official is due in Sri Lanka next week to assess tsunami clean up operations and give tools to local tradespeople affected by the unprecedented natural disaster, the US embassy said Friday. A senior US official is due in Sri Lanka next week to assess tsunami clean up operations and give tools to […]

Sri Lanka trooper kills three in New Year rage

A Sri Lankan soldier enraged over not being given home leave for the traditional New Year shot dead his superior officer and two colleagues Saturday, officials said. A Sri Lankan soldier enraged over not being given home leave for the traditional New Year shot dead his superior officer and two colleagues Saturday, officials said. The […]

‘s growth targets, warns there is little political will to push painful reforms

The International Monetary Fund has trimmed Sri Lanka’s 2005 growth by 0.75 percent, and warned that there was little political will to tackle painful reforms. The International Monetary Fund has trimmed Sri Lanka’s 2005 growth by 0.75 percent, and warned that there was little political will to tackle painful reforms. In its semi-annual World Economic […]

Oil prices, tsunami put brakes on South Asia growth

Higher oil prices, the Indian Ocean tsunamis and patchy rains are expected to slow South Asia’s economic growth rate in 2005 to 6.5 percent from 7.1 percent logged in the past two years, the IMF said.Higher oil prices, the Indian Ocean tsunamis and patchy rains are expected to slow South Asia’s economic growth rate in […]

Tsunami may spur economic growth despite deadly destruction: IMF

The tsunamis that slammed 11 Indian Ocean nations and killed an estimated 217,000 people could boost economic growth in hard hit countries thanks to reconstruction, the IMF said Wednesday.The tsunamis that slammed 11 Indian Ocean nations and killed an estimated 217,000 people could boost economic growth in hard hit countries thanks to reconstruction, the IMF […]

Tsunami deal with Tigers would set stage for Sri Lanka peace deal: president

Sri Lanka’s president called Thursday for a deal with Tamil Tiger rebels on distributing aid to tsunami survivors, saying it would set the stage for a final agreement to end a decades-old separatist war.Sri Lanka’s president called Thursday for a deal with Tamil Tiger rebels on distributing aid to tsunami survivors, saying it would set […]

Sri Lanka picks up US$ 197 mn from ADB to help two tsunami projects

ADB today approved a US$197 million grant and loan package for two projects that will help rebuild tsunami- and conflict-affected areas of Sri Lanka. External funding for the projects will total $256 million including grant cofinancing by the European Commission and Sweden.   ADB today approved a US$197 million grant and loan package for two […]

Deaf Ears

Sri Lanka’s Central Bank is banging its head against the wall trying to convince a deaf government to raise fuel prices, as the exchequer groans under mountains of subsidy payments. Sri Lanka’s Central Bank is banging its head against the wall trying to convince a deaf government to raise fuel prices, as the exchequer groans […]

Fresh killing raises tension in Sri Lanka

An unidentified gunman shot dead a Tamil political activist in Sri Lanka’s restive northeast on Monday, further fuelling tension in the region.An unidentified gunman shot dead a Tamil political activist in Sri Lanka’s restive northeast on Monday, further fuelling tension in the region. Wijedasan Wijendran was gunned down as he returned from a Hindu temple […]

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