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Counter Terror
Jan 19, 2007 (LBO) – The United States has said Sri Lanka could get more support in its war against Tamil Tiger terrorism if the island improves its human rights record. A U.S embassy statement said the two countries discussed co-operation against Tamil Tiger terrorism during a visit by Admiral Robert F. Willard, Commander of […]
Criminal Risk
Jan 19, 2007 (LBO) – The legality of Sri Lanka’s casinos is uncertain and the lack of supervision could opened them to be controlled by criminals, the International Monetary Fund (IMF) has said. “Illegal profits are co-mingled with legitimate income in the placement and layering stages of money laundering.” The lack of regulation also made […]
ADB need to push reforms, governance and fiscal responsibility harder: study
MANILA, Jan 18, 2008 (AFP) – The Asian Development Bank admitted in an internal study released Friday that some of its loans to poor countries over the last few years had failed to achieve all their goals. The release of the study comes after reports that disillusioned major donor nations such as the US and […]
Sri Lanka says 32 killed in fresh violence
Jan 19, 2008 (AFP) – At least 31 Sri Lankan guerrillas and one soldier were killed in heavy fighting between government forces and Tamil Tiger rebels across the embattled north, the defence ministry said on Saturday. The rebels died in clashes Friday and early Saturday in the Vavuniya, Mannar and Jaffna districts bordering the de […]
Sri Lankan stocks battered by war, high rates
Jan 18, 2008 (LBO) – Sri Lankan stocks edged slightly higher in thin trading Friday with brokers saying intensifying violence and high interest rates were keeping investors away. Margin traders were under pressure to reduce their exposure owing to sky high interest rates. Stocks were battered this week because of stepped up attacks by Tamil […]
Developing Ideas
Jan 18, 2008 (LBO) – Sri Lankan community organizations that come up with innovative ways to combat discrimination against HIV/AIDS sufferers would get World Bank support to develop and implement their ideas, an official said. More information on the Development Marketplace The World Bank is looking for “creative, innovative ways of carrying a message”, says […]
” to 3.79-pct, no rate cut
NEW DELHI, Jan 18, 2008 (AFP) – India’s inflation jumped nearly three-tenths of one percentage point to its highest level in four months, data showed on Friday, making chances of an interest rate cut more remote.But economists expect the economy to lose steam in coming months as the effects of aggressive monetary tightening to curb […]
Asian markets tumble on US fears, Japan finance minister calls for calm
TOKYO, Jan 18, 2008 (AFP) – Japanese share prices tumbled 2.81 percent by the end of the morning session Friday after a sharp fall on Wall Street on rising fears of a US recession, dealers said. They said that congressional testimony by Federal Reserve chairman Ben Bernanke failed to reassure markets that stimulus measures were […]
Sri Lanka Tamil Tigers murder nine civilians: military
Jan 18, 2008 (AFP) – Sri Lanka’s military on Friday accused Tamil Tiger rebels of murdering nine civilians in the island’s south as violence between the two sides escalated after the formal end of a ceasefire. The army said nine villagers died in separate attacks in the south, suggesting the rebels were again extending their […]
Bigger One
Jan 18, 2008 (LBO) — Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) refinery expansion may be doubled to a 100,000 barrels-per-day project and its cost may go up to a billion dollars, a top official said.“An Iranian team has already started a feasibility project and now we are looking at a bigger project, which may […]