Tag: Sri Lanka
Uproar in Sri Lanka Parliament over South Asian common currency
April 4, 2007 (LBO) – Sri Lanka’s Parliament Wednesday witnessed an uproar over President Mahinda Rajapakse’s proposal for a single currency for SAARC nations. However, amidst differences over trade, the region continues to clock an average of eight percent economic growth. Opposition leader Ranil Wickremesinghe demanded a Parliamentary debate over Rajapakse’s statement at the SAARC […]
Criss-crossing Sri Lankan parliamentarian complains of death threats
April 04, 2007 (LBO) – A rebel parliamentarian who re-joined Sri Lanka’s opposition after a brief stint as a deputy minister, told parliament Wednesday that he was receiving death threats, while his former fellow rebels labeled the move as childish. œIf he joined the government only for the glory of a position and the attached […]
‘s opposition pokes fun at government growth numbers
April 03, 2007 (LBO) – Sri Lanka’s main opposition United National Party poked fun at the government’s economic performance as two agencies produced two sets of national accounts claiming growth rates of 7.4 and 7.7 percent for 2006. “On March 30, the central bank said the economy grew by 7.4 percent,” parliamentarian Kabir Hashim told […]
ICRC condemns Sri Lanka bus attack
GENEVA, April 3, 2007 (AFP) – The international Red Cross on Tuesday condemned a bus bombing on Sri Lanka’s eastern coast which left 16 people dead, including three children, and injured 25 others. “The International Committee of the Red Cross deplores the civilian casualties caused by an attack yesterday on a civilian bus in Ambalangoda, […]
Sri Lanka claims 12 Tamil Tigers killed
COLOMBO, April 3, 2007 (AFP) – Sri Lankan troops killed at least 12 Tamil Tiger rebels in clashes in the northwestern district of Mannar, the defence ministry said Tuesday.More than 4,000 people have been killed in the latest upsurge of fighting that began in December 2005 despite a truce arranged in 2002.The clashes erupted near […]
Cross-over MP back in Sri Lanka opposition
April 03, 2007 (LBO) – Former United National Party (UNP) parliamentarian Edward Gunasekera, who crossed over to the government and became deputy minister of railways, crossed back to the opposition UNP Tuesday. His move created an uproar that caused the Speaker W.J.M. Lokubandara to adjourn parliament. Gunasekera tried to make a statement in the House […]
Closer regional ties could increase trade and reduce energy shortages: World Bank
April 03, 2007 (LBO) – South Asia’s high economic growth has created a new momentum for closer regional integration, which can increase trade and bring greater prosperity to its peoples, the World Bank said ahead of a regional summit that starts today. Praful Patel, World Bank Vice-President for the South Asia region, said there are […]
Sri Lankan, South Asian leaders say must “root out terror” for economic progress
NEW DELHI, April 3, 2007 (AFP) – South Asian nations must “root out terrorism” to turn around the fortunes of their underperforming trading bloc, the countries’ leaders told a regional summit here on Tuesday. Economic progress in the troubled region, home to nearly 1.5 billion people or one-fifth of humanity, is impossible without overcoming security […]
”’ is under control
April 03, 2007 (LBO) – Sri Lanka central bank says it had met the 17.2 percent money growth number it had set for itself for March, with actual money supply undershooting the target as it attempted to put the lid on runaway inflation in the country. “The actual reserve money as at the end of […]
Sri Lanka says 23 Tiger rebels killed after bus bombing
April 3, 2007 (AFP) – Sri Lankan security forces have killed at least 23 Tamil Tiger rebels in fresh fighting in the island’s east following a deadly bus bombing, the defence ministry said Tuesday.“In the limited humanitarian operation on the west and south of Batticaloa, we have found 10 bodies of the LTTE cadres,” spokesman […]
Bus bomb kills 15 in Sri Lanka
COLOMBO, April 2, 2007 (AFP) – At least 15 people, including a child, were killed and 25 wounded when a bomb ripped through a crowded bus in eastern Sri Lanka Monday, officials said. The defence ministry immediately accused Tamil Tiger rebels of setting off the bomb, while the rebels denied they were responsible. Passengers were […]
‘s inflation promoters call for higher minimum wage: report
April 02, 2007 (LBO) – A trade union connected to a Sri Lankan political party whose policy influence expanded the budget deficit and drove inflation to very high levels in the last three years is now calling for a higher minimum wage, reports said. But agitation for salary increments also usually follows high inflation. Updated […]