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Sri Lanka Tamil Tigers urged to lay down arms
Feb 03, 2009 (LBO) – The United States and other powerful donors involved in Sri Lanka’s ethnic conflict have urged Tamil Tiger rebels to surrender, to prevent further civilian casualties, saying their days were numbered. The co-chairs also urged the government and the rebels to declare a “temporary no-fire period” to allow for evacuation of […]
Sri Lankan troops capture last Tamil Tiger airstrip: military
February 3, 2009 (AFP) – Sri Lankan government troops on Tuesday captured the last of several jungle airstrips used by the Tamil Tigers to launch air strikes across the island, the defence ministry said.The two-kilometre (1.25-mile) long runway and hangar for light aircraft was seized by troops advancing on the village of Thirivilaru in Mullaittivu […]
‘s bunker: defence ministry
February 3, 2009 (AFP) – Sri Lankan troops advancing in the north of the island have found an underground bunker complex believed to have been a home of the leader of the Tamil Tiger rebels, the defence ministry said Tuesday. The ministry said the two-storey-deep bunker had electricity generators, air conditioning and medical supplies, and […]
‘s bunker: ministry
February 3, 2009 (AFP) – Sri Lankan troops advancing in the north of the island have found an underground bunker complex believed to have been a home of the leader of the Tamil Tiger rebels, the defence ministry said Tuesday.The ministry said the two-storey-deep bunker had electricity generators, air conditioning and medical supplies, and was […]
Sri Lanka central bank to swap rupees for dollars
Feb 02, 2008 (LBO) – Sri Lanka’s Central Bank is negotiating with friendly central banks to swap rupees for dollars, to boost the country’s flagging foreign reserves and meet unforeseen outflows, officials said.Central Bank Governor Nivard Cabraal said the first such swap deal is likely to be concluded ‘soon’ but declined to give a date […]
Sri Lanka targets US$500mn from diaspora: CB Governor
Feb 02, 2009 (LBO) – Sri Lanka is planning to sell 500 million dollars of government securities to the diaspora community in 2009 with a road show to be kicked off this month in 11 countries, Central Bank Governor Nivard Cabraal said. The money will be channeled into the country through a forex account which […]
Sri Lanka stocks dragged down by heayweights
Feb 02, 2009 (LBO) – Sri Lankan shares were dragged down Monday by losses in heavyweights over earnings concerns with Lanka Cement the most actively traded stock in anticipation of a revival in construction activity, brokers said.Commercial Bank fell 2.62 percent (2.50 rupees) to 93 rupees with investors remaining worried over suspended oil hedge payments […]
IT Services
Feb 02, 2009 (LBO) – Massachusetts-based Virtusa Corp., an IT services firm with operations in Sri Lanka, said net profit for the December quarter rose 18.9 percent to 6.3 million dollars from a year ago. Virtusa has offices in the United States and the United Kingdom and global delivery centres in Hyderabad and Chennai, India […]
Sri Lanka warns civilians in combat zone
February 2, 2009 (AFP) – Sri Lanka issued a stark warning to civilians trapped in fighting with Tamil Tiger rebels Monday, a day after shells hit a crowded hospital in the northeast combat zone, killing at least nine people.A government statement said the fight against the cornered Tigers was at “the decisive stage” and that […]
Sri Lanka hospital shelled in fighting, nine killed
February 2, 2009 (AFP) – Shells hit a crowded hospital in northeast Sri Lanka, killing at least nine people and raising fears Monday for thousands of civilians caught in a final military push against cornered Tamil Tiger rebels. The hospital, which is in rebel-held-territory and houses around 500 patients, took direct hits in two separate […]