Category: Economy and Markets
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 […]
Sri Lankan markets jittery as bullets fly
Sri Lanka’s escalating violence and fears of a return to war have led to unease in the financial markets but analysts are hopeful the government will use Thursday’s budget to regain investor confidence. Sri Lanka’s escalating violence and fears of a return to war have led to unease in the financial markets but analysts are […]
‘s treasury secretary scotched investor jitters ahead of Thu. revised budget
Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start economic growth, amidst a backdrop of escalating violence that has renewed fears of the island slipping back to war. Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start […]
‘Controlled’ 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 […]
Sri Lanka’s treasury secretary scotched investor jitters ahead of Thu. revised budget
Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start economic growth, amidst a backdrop of escalating violence that has renewed fears of the island slipping back to war. Sri Lanka is set to unveil a revised welfare laden budget on Thursday, banking on peace to jump-start […]
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 […]
US concerned about ceasefire agreement violations
The US “gravely concerned” about ceasefire agreement violations in Sri Lanka over last few days.The US “gravely concerned” about ceasefire agreement violations in Sri Lanka over last few days. “The United States remains gravely concerned about persistent violations of the Ceasefire Agreement, particularly over the past few weeks,” said a statement issued on Monday, by […]
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 […]
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 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 […]