Pumping Back
The government is to get Attorney General’s advice to take back a one third stake in the retail fuel sector held by the Treasury, and hand it back to state …
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.IMF raps Sri Lanka on fiscal transparency
The International Monetary Fund has rapped Sri Lanka for slipping up on fiscal transparency and poor reporting standards, in the latest country report released …
Tsunami aid gives Sri Lanka’s balance of payments a boost
The flood of aid, private remittances and debt relief since Dec. 26 tsunami disaster, has hoisted Sri Lanka's balance of payments into the black for the first …
CEB: Plug Pulled
The Japanese government, that pulled the plug on a US$ 30 million program loan linked to power sector reforms, says government will have to renegotiate funding …
VAT’s the Fuss?
Sri Lanka's cash strapped Treasury will forego Rs. 7 billion in revenue as the government scraps the value added tax component on diesel with immediate effect, …
Hurdle One
Newly minted power sector reforms that sailed through Cabinet on Wednesday, may take about a year to implement, and if the government can scrape together …
Tiger rebels warn of truce collapse, Sri Lanka says no return to war
Lanka's Tiger rebels have warned that a truce brokered by Norway was at "grave risk" of collapsing even as the Colombo government said it had no intention of …
Sri Lanka steps up probe into deaths of Tamil rebels
Sri Lanka has stepped up a probe into charges that security forces were involved in the killing of four Tamil rebels earlier this month in a bid to ease …
Co-chairs of peace pull Sri Lanka up for soaring violence
Co-chairs of Sri Lanka’s peace process have rapped the government and Tamil Tiger rebels for escalating violence, warning that it could erode international …
Tigers seek direct foreign aid after Sri Lanka court blocks aid deal
Tiger rebels today asked the international donor community to fund them directly to help tsunami survivors after the Supreme Court effectively blocked a …
Refreshing the list of ministers
In a very quiet ceremony on Monday morning five cabinet ministers, a non cabinet minister and six deputy ministers took oaths before President Chandrika …
Court aid ruling dims Sri Lanka hopes of early peace talks
The Supreme Court scuppering of a landmark deal to share aid among Sri Lanka's warring parties was seen by diplomats and analysts as a major setback to the …
Norway has no immediate plans to push new talks on Sri Lanka aid deal
Peace broker Norway denied a report it was planning to send envoys to Sri Lanka after a Supreme Court ruling effectively scuttled a deal to share billions of …
Sri Lanka court blocks tsunami deal, tension mounts in northeast
Sri Lanka's Supreme Court Friday blocked a controversial deal with Tiger rebels to share billions of dollars in tsunami aid as a fragile truce came under …
Sri Lanka court blocks tsunami deal with Tigers
Sri Lanka's Supreme Court Friday effectively blocked a controversial government deal with Tamil Tiger rebels to share billions of dollars in foreign aid for …
Supreme Court ruling to affect aid flows, exchange rate
Sri Lanka's Supreme Court blocking the joint mechanism on tsunami relief distribution could slow foreign aid inflows and hurt the reconstruction effort, …
Tigers quit Sri Lanka town, bomb hurled at tsunami relief centre
A bomb exploded at a tsunami relief centre in volatile northeast Sri Lanka, wounding nine civilians while 12 soldiers were wounded in separate grenade attacks, …
Finance Minister says only unspecified funds will go into P-TOMS
Finance Minister Sarath Amunugama says only “non-specified” project funding will go through the post-tsunami aid sharing deal signed with the LTTE. buy …
President appeals for calm as Sri Lanka violence escalates
Sri Lanka's president has appealed for calm in the restive northeast where bomb attacks have left four dead and more than a dozen wounded since the weekend, …
Killing sparks fresh fears for Sri Lanka truce amid appeal for calm
Sri Lankan troops shot dead a suspected Tamil rebel Thursday, officials said, heightening tensions hours after the president appealed for calm amid fears of a …