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‘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 […]
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 […]