Category: Economy and Markets

The Trincomale District Secretary told a local radio station that over 300 dead bodies had been recovered so far. The Trincomale District Secretary told a local radio station that over 300 dead bodies had been recovered so far. A estimated 136 bodies have been recovered in the Eastern coastal town of Kenniyai and over 200 […]

Police warned residents around the Kelani river to stay clear of low lying areas as sea water continues to flow inland after a massive tidal waves flooded eastern and southern Sri Lanka. Police warned residents around the Kelani river to stay clear of low lying areas as sea water continues to flow inland after a […]

Regional police stations are slapping on overnight curfews, to stop sightseers from crowding disaster areas and worse yet, to prevent a wave of looting in the tidal wave ravaged areas in Sri Lanka.Regional police stations are slapping on overnight curfews, to stop sightseers from crowding disaster areas and worse yet, to prevent a wave of […]

Sri Lankan officials are warning coastal residents to stay inland overnight after fresh tremors were reported in the Indian Ocean late Sunday. Tidal waves hit Sri Lanka during late morning local time but the new warning comes after officials of the Geological Survey and Mines Bureau of Sri Lanka reported fresh quakes around 6 to […]

President Chandrika Kumaratunga Saturday voiced confidence that peace was closer than ever in Sri Lanka even though Tamil Tiger rebels rejected her latest offer to revive stalled negotiations.President Chandrika Kumaratunga Saturday voiced confidence that peace was closer than ever in Sri Lanka even though Tamil Tiger rebels rejected her latest offer to revive stalled negotiations. […]

President Chandrika Kumaratunga Saturday voiced confidence that peace was closer than ever in Sri Lanka even though Tamil Tiger rebels rejected her latest offer to revive stalled negotiations.President Chandrika Kumaratunga Saturday voiced confidence that peace was closer than ever in Sri Lanka even though Tamil Tiger rebels rejected her latest offer to revive stalled negotiations. […]

The United Nations World Food Program Tuesday said that malnutrition was spreading at an alarming rate in Sri Lanka’s Tamil rebel-held regions with nearly one in five children suffering stunted growth.The United Nations World Food Program Tuesday said that malnutrition was spreading at an alarming rate in Sri Lanka’s Tamil rebel-held regions with nearly one […]

Sri Lanka has made a new proposal to revive peace talks with Tamil Tiger rebels amid intense pressure from foreign aid donors, officials and a press report said Tuesday.Sri Lanka has made a new proposal to revive peace talks with Tamil Tiger rebels amid intense pressure from foreign aid donors, officials and a press report […]

The free trade agreement with Pakistan is likely to be finalised by end of December, said the Treasury Secretary on Monday.The free trade agreement with Pakistan is likely to be finalised by end of December, said the Treasury Secretary on Monday. “Hopefully over the next two weeks we can finalise the FTA with Pakistan,” said […]

A multilateral lender has warned that Sri Lanka’s increasingly short election cycles and populist policies are threatening to turn the island into an unstable Latin American-style republic. A multilateral lender has warned that Sri Lanka’s increasingly short election cycles and populist policies are threatening to turn the island into an unstable Latin American-style republic. “The […]

International donors are warning the Sri Lankan government that it risks returning to war if it does not overcome opposition from coalition allies and resume peace talks with Tamil Tiger rebels, analysts and diplomats said.International donors are warning the Sri Lankan government that it risks returning to war if it does not overcome opposition from […]

Haphazard reform has saddled Sri Lanka with unequal and skewed growth, the World Bank says in its new country report.Haphazard reform has saddled Sri Lanka with unequal and skewed growth, the World Bank says in its new country report. “There has been enough growth in Sri Lanka to have already achieved the millennium development goals […]