Word: lanka
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...ASIA Sri Lanka: Peace Dividend Japan: Get This Party Started...
...Meanwhile, the long-anticipated peace dividend is palpable all over the country?a reminder to both sides of how much Sri Lanka has to lose if it slips back into war. In Colombo, the nation's capital, checkpoints and armored guards are still conspicuous. But many roads that were closed off for security reasons have reopened, and shiny new imported cars clog the main traffic arteries at rush hour. "This year, sales are up sharply," says Nobuhiko Kato, managing director of Toyota Lanka. Fueled by a booming financial sector that offers consumers easy purchasing plans, Toyota forecasts that the number...
When Thavarasan Singham returned to his grocery shop in May, the shutters were still riddled with bullet holes. Back in 1990, Singham's town of Mankulam, in northern Sri Lanka, was caught in the cross fire between Tamil guerrillas and Sri Lanka's predominantly Sinhalese army. After the Tamil fighters retreated, the army drove into Mankulam. Singham knew what was coming next. Pulling down the shutters of his shop, he ran out the back door with his wife and four children, just before bullets and mortar shells burst into every store in the Tamil-dominated village. For the next...
...Like Singham, millions of other Sri Lankans are finally beginning to rebuild their lives. As the 20-month cease-fire between the government and the rebel Liberation Tigers of Tamil Eelam (LTTE) brings Sri Lanka its first real respite from a 20-year civil war, the island nation of 19 million people is enjoying its biggest economic boom in decades. Foreign tourists are rediscovering Sri Lanka's fabled beaches, local consumers are on a spending binge and corporate profits are surging. The economy is expected to grow by 5.5% this year. Land prices are rising, and the stock market...
...ASIA Sri Lanka: Peace Dividend Japan: Get This Party Started...