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‘s opposition approved to pursue legal action on polls results
HARARE, April 8, 2008 (AFP) – Zimbabwe’s opposition was Tuesday given the green light to pursue a legal bid to force a declaration of the country’s presidential election, 10 days on from the poll on Robert Mugabe’s future.Faced with 80 percent unemployment and six-digit inflation, almost one third of Zimbabwe’s 13 million population have left […]
” volatility in financial markets: French bank chief
HONG KONG, April 8, 2008 (AFP) – The world’s financial markets remain “exceptionally volatile” due to the subprime credit crisis, the chief executive of France’s largest bank said in Hong Kong on Tuesday.“Since I last presented to the market at the end of February, the environment remains very challenging and the market exceptionally volatile,” Baudouin […]
Sri Lanka JVP split widens with more support for Weerawansa
April 08, 2008 (LBO) – Differences within Sri Lanka’s Marxist-nationalist Janatha Vimukthi Peramuna (JVP) exploded dramatically Tuesday with controversial lawmaker Wimal Weerawansa speaking out publicly and gaining the support of nine others. Charismatic speaker and propaganda secretary Wimal Weerawansa fell out with the party hierarchy ostensibly over his public support for saying that a breakaway […]
Sri Lanka Tamil Tigers ask Norway help to stop Mannar offensive
COLOMBO, April 8, 2008 (AFP) – Tamil Tiger rebels asked peace-broker Norway on Tuesday to pressure Sri Lanka’s government to stop a military offensive in the island’s north, saying a venerated Catholic church was at risk.Tens of thousands of people have been killed in Sri Lanka’s separatist conflict. The Tigers have been fighting for an […]
Sri Lanka leftwing politician confirms move to oust him
April 08, 2008 (LBO) – A Sri Lankan Marxist-nationalist politician Tuesday said his party had decided to expel him, confirming reports of a split in the party. Wimal Weerawansa, firebrand spokesman of the Janatha Vimukthi Peramuna (JVP) told parliament that he had not been officially informed of the move to cancel his party membership. He […]
Sri Lanka to protest IMF inflation research: Central Bank
April 08, 2008 (LBO) – Sri Lanka’s central bank said it was protesting to the International Monetary Fund (IMF) after a research study said only a quarter of the country’s inflation in recent years could be explained by external factors. “And I will make that comment very strongly when I go to IMF next week […]
” mentality: President Rajapakse
April 08, 2008 (LBO) – Sri Lankans should stop thinking themselves as being ‘poor’ and develop a mentality that they are stakeholders with some means in taking the country forward, President Mahinda Rajapakse said. In 2007 Sri Lanka’s economy expanded by an estimated 6.8 percent against 7.7 percent a year earlier. “We have two big […]
Sri Lanka asks World Bank to fund highway to Jaffna
April 08, 2008 (LBO) – Sri Lanka has asked the World Bank to fund a highway to the northern Jaffna peninsular, which is now cut off from the rest of the island by a stretch of land held by Tamil Tiger guerrillas, a top official said. The A-9 highway starts from Kandy in the central […]
Sun Rise
April 07, 2008 (LBO) – Sri Lanka’s ABC Radio network is hoping to get back on air shortly after authorities re-issued some of its licenses and frequencies, a top official said. The network ran five radio channels which were shut down by the government over a report it broadcast about Tamil Tiger activity in the […]
Indian Call
April 07, 2008 (LBO) – India’s Reliance group is getting into Sri Lanka’s telecom sector by forming a joint venture up with the island’s Electroteks group, a media report said. Reliance Communications (RCom) would take up a 74 percent stake in the proposed joint venture unit – Reliance Mobile Lanka – in which Electroteks owns […]