World tea prices have rocketed but along misty tea-growing mountain slopes in Sri Lanka’s central hills, farmers are facing disaster. Despite production shortfalls coupled with increased demand making the daily cuppa dearer, the men and women who toil the land have little reason to cheer, for they must uproot tea bushes desiccated by a severe… Continue reading Trouble brewing for Sri Lanka tea farmers
Author: AFP
Sri Lanka accuses IMF of playing politics
Sri Lanka on Friday accused the International Monetary Fund of politicizing financial aid following the fund’s delay in considering a 1.9 billion dollar bailout for the war-ravaged economy. "Never ever has the IMF taken political factors into account. Now, it seems for the first time they are doing that — indirectly," Sri Lanka?s trade minister… Continue reading Sri Lanka accuses IMF of playing politics
UN says two staff members arrested in Sri Lanka
The United Nations said on Sunday that two of its employees working among tens of thousands of war-displaced civilians had been arrested by Sri Lankan authorities. The two men, both ethnic Sri Lankan Tamils, were reported missing eight days ago and were subsequently discovered to have been taken into custody by Sri Lankan officials, the… Continue reading UN says two staff members arrested in Sri Lanka
Tamil Tiger leader fought to the death: rebels
A newly formed front of the defeated Tamil Tigers on Thursday rejected media reports that their former leader Velupillai Prabhakaran had surrendered or was taken alive before being killed. A group calling itself the department of intelligence of the Liberation Tigers of Tamil Eelam (LTTE) said Prabhakaran was killed in May while trying to escape… Continue reading Tamil Tiger leader fought to the death: rebels
US nominee says Sri Lanka must help Tamils
Sri Lanka needs to reach out to its Tamil minority and improve conditions for hundreds of thousands of displaced after defeating Tiger rebels, the nominee to be the next US ambassador said Tuesday. Patricia Butenis, testifying in a Senate confirmation hearing, said she would also press Sri Lanka to bring to justice those responsible for… Continue reading US nominee says Sri Lanka must help Tamils
S. Lanka bank in first rate cut since end of war
Sri Lanka’s central bank on Tuesday cut its key interest rates, saying that the end of the island’s decades-old Tamil separatist war had fuelled prospects for growth. The bank lowered its benchmark repurchase rate by 50 basis points to 8.5 percent, the first cut since the military wiped out the leadership of Tamil Tigers in… Continue reading S. Lanka bank in first rate cut since end of war
Sri Lanka military says rebel sub found
Sri Lankan troops have recovered the first submarine believed to have been used by the defeated Tamil Tiger rebels, the military has said. Troops found the 24-foot (7.2-metre) submersible on the coast of the northeastern district of Mullaittivu, where the Liberation Tigers of Tamil Eelam (LTTE) were defeated last month, ending decades of ethnic conflict.… Continue reading Sri Lanka military says rebel sub found
Sri Lanka seeks post-war aid from UAE: foreign minister
Sri Lanka on Saturday sought aid from the United Arab Emirates to rebuild swathes of land devastated by the near four decades long ethnic war with the Tamil Tigers. Foreign Minister Rohitha Bogollagama, who made the request to his visiting UAE counterpart Sheikh Abdullah Bin Zayid Al Nahyan, had also sought help to develop export… Continue reading Sri Lanka seeks post-war aid from UAE: foreign minister
Major arms cache found in Sri Lanka: govt
Sri Lankan troops have unearthed the largest haul of weapons and ammunition discovered since the defeat of Tamil Tiger rebels last month, the government said on Sunday. Hundreds of automatic assault rifles, mortar bombs and land mines were found during a two-day search in the north of the island. A clearing operation was also under… Continue reading Major arms cache found in Sri Lanka: govt
Sri Lanka won’t beg for aid: central bank chief
War ravaged Sri Lanka will not beg for foreign aid even as a 1.9 billion dollar bailout from the IMF has been delayed, the island’s central bank chief has said. "We will never go after donors or lending agencies with a begging bowl. We are capable of standing on our own and raise funds through… Continue reading Sri Lanka won’t beg for aid: central bank chief
