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Sri Lanka eyes unity amid drive to crush Tamil Tigers
February 2, 2009 (AFP) – Sri Lanka has heightened its usually tight security ahead of national day celebrations even though the rebel Tamil Tigers have been brought to their knees for the first time in decades. The island marks the 61st anniversary of independence from Britain Wednesday with a military parade while its security forces […]
Oil Money
Feb 02, 2009 (LBO) – Cairn India, which is exploring for oil in Sri Lankan waters, said group after-tax profit for the December quarter was 48.5 million dollars compared to a loss of 3.5 million dollars in the same period in 2007.A company statement said group revenue of Cairn India for the quarter was 43.3 […]
Sri Lanka to have single digit inflation in 1Q09: CB Governor
Feb 02, 2009 (LBO) – Sri Lanka is expecting single digit inflation in the first quarter of 2009, and further falls in interest rates, Central Bank Governor Nivard Cabraal said, less than a year after the island recorded its highest inflation of close to 30 percent. The Colombo Consumer Price Index (CCPI), whose weights were […]
” trapped civilians
February 1, 2009 (AFP) – Sri Lanka’s military said Sunday it would move to “liberate” civilians trapped by fighting with Tamil Tiger forces, after a deadline expired for the rebels to allow non-combatants to leave the war zone.International concern over the fate of tens of thousands of men, women and children stuck in the encircled […]
‘s war raises Indian Tamil concern
CHENNAI, February 1, 2009 (AFP) – India’s large Tamil population is demanding that New Delhi ensure the safety of 250,000 of their brethren boxed into the battle zone in Sri Lanka’s north. Protesters have poured into the streets in Tamil Nadu state, home to 62 million Indian Tamils, in the past week to call for […]
Sri Lankan civilian deadline runs out
February 1, 2009 (AFP) – Sri Lanka’s Tamil Tiger rebels failed to let hundreds of thousands of civilians leave the island’s northeastern war zone before a government deadline, the defence ministry said Sunday.President Mahinda Rajapakse had given until Saturday night for the Liberation Tigers of Tamil Eelam (LTTE) to allow the civilians to move to […]
50,000 in London Tamil protest demanding ceasefire
LONDON, January 31, 2009 (AFP) – More than 50,000 demonstrators marched through London in a Tamil rally on Saturday demanding an end to the fighting in Sri Lanka.“More than 50,000 were at the demonstration,” a spokesman for London’s Metropolitan Police said. “There has been one arrest for possession of an offensive weapon.” The spokesman said […]
India survive a Kandamby scare
January 31, 2009 (AFP) – Sri Lanka’s Thilina Kandamby smashed a solid 93 not out under pressure, but failed to stop India from posting a 15-run victory in the second one-day international here Saturday.The tourists restricted Sri Lanka to 241 after scoring 256-9 in a day-night match, which was held up for five minutes during […]
Most governments fail to account for spending: report
WASHINGTON, January 31, 2009 (AFP) – Eighty percent of the world’s governments fail to provide adequate information on spending to the public, often because of a lack of political will, according to a report published Saturday. The International Budget Partnership (IBP), a non-governmental organization that promotes transparency in government, said it evaluated the budgets of […]
Capital Short
Jan 31, 2008 (LBO) – Though Sri Lanka’s policymakers and borrowers are expecting banks to give loans, cut interest rates and extend repayment periods, the sector’s ability to bailout the broader economy is limited, officials said. Sri Lanka’s businesses were feeling the impact of local and external downturn from last year. Baited Breath “Even though […]