Sri Lankan shares .CSE on Tuesday rose for the second consecutive day to hit a new record high on strong turnover. The rupee currency LKR= closed firmer after the central bank lowered dollar buying rates in line with weakening of dollar globally. The All-Share Price Index .CSE of the Colombo Stock Exchange rose 1.55 percent… Continue reading Sri Lanka bourse hits new record; rupee firmer
Author: Reuters
Tamils a force in Sri Lankan polls
The upcoming Sri Lankan polls will present more unknowns than usual. Most critically, during the war years, the minority Tamils tended to boycott elections. But with the Tamil Tiger rebels finally defeated, that is unlikely this time, making them an important voting bloc. President Mahinda Rajapakse is seeking re-election in this month’s elections, challenged by… Continue reading Tamils a force in Sri Lankan polls
Sri Lanka shares hit fresh peak after doubling in 2009
Sri Lankan shares .CSE rose 2.9 percent to a new record high on Monday as investors stepped up their buying on the first day of the new year on hopes the island’s economic recovery will gather pace, traders said. The All-Share Price Index .CSE of the Colombo Stock Exchange climbed to 3,483.66 points by midday.… Continue reading Sri Lanka shares hit fresh peak after doubling in 2009
FACTBOX-What’s next in Sri Lanka’s presidential poll?
Sri Lankan president Mahinda Rajapaksa seeks re-election in a January poll, with the main challenger former army chief Sarath Fonseka, who led the military to victory in a 25-year war against separatist rebels. Here are some of the variables in the Jan. 26 election, which increasingly looks like a challenging contest for the incumbent. STANCE… Continue reading FACTBOX-What’s next in Sri Lanka’s presidential poll?
Q+A – Key factors in Sri Lanka’s presidential poll
Sri Lankan President Mahinda Rajapaksa is seeking re-election this month, with the main challenger his former army chief Sarath Fonseka, who led the military to victory in a 25-year war against separatists. WHO IS LEADING THE POLL CAMPAIGN? With a record 22 candidates in the field, the incumbent president leads Fonseka. But analysts say there… Continue reading Q+A – Key factors in Sri Lanka’s presidential poll
Sri Lanka stocks hit peak again, up 120 pct in 2009
Sri Lankan shares .CSE hit another record high on Monday after having already more than doubled this year. Analysts said that investors were positioning ahead of Jan. 26 presidential polls, betting that regardless of the outcome the stock market will continue its climb, fuelled by post-war economic optimism. It has risen over 120 percent so… Continue reading Sri Lanka stocks hit peak again, up 120 pct in 2009
Sri Lanka war-displaced struggle to resume lives
Thousands of ethnic Tamils displaced during Sri Lanka’s war have gone home again, but are finding basic services and infrastructure lacking despite a massive government post-war resettlement program. The government has gradually been resettling around 300,000 ethnic minority Tamil people, most displaced in the final phase of the army offensive against the Liberation Tigers of… Continue reading Sri Lanka war-displaced struggle to resume lives
Sri Lanka says U.N. wants explanation on Tiger deaths
The United Nations wants the Sri Lankan government to explain allegations about the deaths of senior Tamil Tiger rebels in the closing stages of the country’s civil war, the president’s office said on Monday. Earlier this month a weekend newspaper reported retired General Sarath Fonseka, who is challenging President Mahinda Rajapaksa in a January election,… Continue reading Sri Lanka says U.N. wants explanation on Tiger deaths
UPDATE 1-Sri Lanka bourse hits record high; rupee slips | Reuters
Sri Lankan shares .CSE hit a record high of 3188.82 on Friday, surpassing its previous level of 3157.11 hit on 15 October on high volumes, led by foreign buying, traders said. The All-Share Price Index .CSE of the Colombo Stock Exchange rose 2.09 percent in intraday trade to 3200.26 which intern all time intraday high… Continue reading UPDATE 1-Sri Lanka bourse hits record high; rupee slips | Reuters
Tale of war and peace in the 2004 tsunami
In Indonesia’s Aceh, one of the worst calamities in history led to a historic peace agreement, and the former rebels are now in power in a province once under military rule. But in Sri Lanka, the separatist Liberation Tigers of Tamil Eelam (LTTE) saw the tsunami as an opportunity to re-arm, before both sides girded… Continue reading Tale of war and peace in the 2004 tsunami
