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Sri Lanka minister wounded in roadside bomb attack
Jan 8, 2008 (AFP) – A Sri Lankan government minister and six other people were wounded on Tuesday in a powerful roadside bomb attack between the capital Colombo and the island’s international airport, officials said.“Minister of Nation Building, D.M. Dassanayake, was injured in the attack,” military spokesman Brigadier Udaya Nanayakkara told AFP by telephone. Police […]
Sri Lanka blast targets ministerial convoy: police
A powerful roadside bomb exploded Tuesday outside Sri Lanka’s capital Colombo that hit a convoy carrying a government minister, police said.Police said there were no immediate reports of casualties from the explosion which targeted the convoy of Building Minister D.M. Dassanayake, about halfway between Colombo and the international airport..
Sri Lanka capital rocked by blast
Jan 28, 2008 (LBO) – A powerful blast ripped through the Sri Lanka’s capital central business district in the Fort area, a reporter at the scene said. Ambulances rushed to the scene and a military bomb disposal squad is examining the area the reporter said. The defence ministry said a bomb has been placed inside […]
Sri Lanka bond yields fall, rupee gains against greenback
Jan 08, 2008 (LBO) – Sri Lanka’s government bonds rose on foreign buying and the rupee gained against the greenback to close at 108.30/40 Monday, dealers said. Bonds maturing in 15.03.09 which traded at yields as high as 19.85 fell to 19.30/40 levels in the secondary market. When yields fall the price of the bond […]
Sri Lanka should fund sustainable agri changes instead of subsidies: think tank
Jan 07, 2008 (LBO) – Sri Lanka’s government should divert funds from agriculture subsidies to improving market linkages of rural farmers on the lines of successful models built by firms like Hayleys and MAS Tropical Food Processors, a new study said. The island has much potential to develop its spices sector mainly consisting of over […]
Bunker Battle
Jan 07, 2008 (LBO) – Sri Lanka’s army overran Tamil Tiger fortifications in north-western Mannar while also engaging them on two other fronts in clashes that killed 23 guerrillas and one soldier since Sunday, the military said. Media Center for National Security said fighting was reported on separate fronts in Mannar, north-central Vavuniya and the […]
Sri Lankan Airlines less attractive without catering, ground handling: analysts
Jan 07, 2008 (LBO) – Sri Lankan Airlines is not an attractive opportunity for potential investors unless it comes with ground handling and catering, as airline operations alone were not very profitable, analysts said. (US$1=SLR 108.30) The Bloomberg newswire quoting presidential secretary Lalith Weeratunga said a committee may be set up to look into options […]
Maldive Island hopper jumps to India
January 07, 2008 (LBO) – The Republic Island of Maldives will resume international flights with state-run Island Aviation Services due to fly to the Indian city of Trivandrum later this month, officials said.Island Aviation Services (IAS), a domestic carrier, will operate daily schedule flights from January 25, using a turboprop DeHavilland Cananda ‘Dash8′ aircraft between […]
China defends sovereign wealth funds
BEIJING, Jan 7, 2008 (AFP) – China defended the role of sovereign wealth funds, responding to fears that its own fund, China Investment Corp, might destabilise global markets, state media said Monday.It is in charge of 200 billion dollars — roughly one seventh of China’s forex reserves — and could potentially see even more funds […]