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Tamil Tigers building up capacity for arms shipments: analysts
LONDON, November 18, 2008 (AFP) – The Tamil Tigers are likely building up their capacity for receiving weapons shipments with two long airstrips to receive large cargo planes, respected defence analysis group Jane’s said Tuesday. Based on analysis of high-resolution, commercially-available satellite imagery, the London-based group said the rebel Liberation Tigers of Tamil Eelam (LTTE) […]
Sri Lankan Airlines aims for hub position
Nov 19, 2008 (LBO) – Sri Lankan Airlines plans to renew its fleet and expand its passenger and cargo network to position itself as a hub and gateway to the huge market on the Indian sub-continent, its chief executive says.Starting next month, the airline plans to begin replacing its aging A320 Airbus aircraft that operate […]
Sri Lanka shares head down
Nov 18, 2008 (LBO) – Sri Lankan stocks resumed their downward march Tuesday after a brief halt the day before but with trading volumes drying up and the bearish trend likely to continue, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share Price […]
Slave labor reality of Sugar-cane ethanol
SAO PAULO, November 17, 2008 (AFP) – The cost of slave labor in sugar cane fields should not be overlooked when promoting the virtues of ethanol, the Roman Catholic Church said Monday, as an international conference on biofuel got under way in Brazil. “Without taking such (human) cost into account, you cannot promote the relative […]
Sri Lanka seizes funds said to be used for terror acts
Nov 18, 2008 (LBO) – Sri Lanka’s central bank said it had made the Tamil Rehabilitation Organization (TRO), an organisation linked to the Tamil Tigers, to forfeit its funds to the state under laws against terrorist financing. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 “A sum […]
Sri Lanka troops in sea battle as Tiger towns fall
November 18, 2008 (AFP) – Sri Lanka’s navy traded fire with a flotilla of Tamil rebel boats off the island’s northeastern coast Tuesday, a day after ground troops captured three guerrilla-held towns, defence officials said. Sri Lankan authorities have restricted access to the embattled areas for journalists as well as for most aid workers, making […]
” under current conditions: official
Nov 18, 2008 (LBO) – Sri Lanka’s infrastructure projects could face delays if the island is unable to raise over half a billion dollars though commercial loans amid tough conditions in global financial markets, a top official said. “The government needs external financing of around 500 million dollars in commercial money for financing counterparty funds […]
Sri Lanka should tap IMF, get economic antibiotics: economists
Nov 17, 2008 (LBO) – Sri Lanka should tap the International Monetary Fund for a stabilization package early as the country is heading for balance of payments trouble and unsustainable budget deficits, a top economist has said. IMF conditions bring fiscal prudence, and tight monetary policy, making it difficult for politicians to coddle loss making […]
Sri Lanka stocks open higher; rupee flat amid intervention
Nov 17, 2008 (LBO) – Sri Lanka stocks opened up 0.89 percent amid thin turnover following a slew of poor earnings over the past week, and the rupee was flat against the greenback at 110.0 amid intervention, dealers said. The Colombo All Share Index was up 16.0 points and the Milanka index of liquid stocks […]
Sri Lanka blue chip gains nudge indices up
Nov 17, 2008 (LBO) – Sri Lankan shares ended barely changed Monday with gains in blue chips lifting the indices and transactions in John Keells Holdings (JKH), whose buy-back offer ends tomorrow, boosting turnover, brokers said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The All Share […]