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Sri Lanka urges more action against terrorist front after US ban
Nov 16, 2007 (LBO) – Sri Lankan Foreign Minister Rohitha Bogollagama Friday called on the international community to take action against front organizations of the Tamil Tigers after the United States froze the assets of a relief agency. “The US government becomes the first foreign government to take tangible action against an LTTE (Liberation Tigers […]
Sri Lanka police summon lawmakers ahead of budget vote
Nov 16, 2007 (LBO) – Sri Lankan police questioned an opposition lawmaker and summoned two others Friday, drawing protests from the opposition leader, in the latest twist in political wrangling days ahead of a crucial vote on the government’s budget. United National Party (UNP) Parliamentarian Ravi Karunanayake, a businessman who was a former trade minister, […]
Sri Lanka warplanes strike Tiger targets
Nov 16, 2007 (AFP) – Sri Lankan warplanes carried out bombing raids on suspected Tamil Tiger targets inside rebel-held territory on Friday, the defence ministry said.The raids were aimed at a boat manufacturing facility of the Liberation Tigers of Tamil Eelam (LTTE) in the northeast, the ministry said. There were no details of casualties. Officials […]
Indian state leader in hot water over Thamilselvan poem
CHENNAI, India, Nov 15, 2007 (AFP) – The leader of a southern Indian state is facing allegations of treason after writing a poem mourning the killing in nearby Sri Lanka of a senior rebel and fellow ethnic Tamil. M. Karunanidhi, the chief minister of Tamil Nadu state, was last week so moved by the death […]
Car Carriers
Nov 15, 2007 (LBO) – The Sri Lanka Ports Authority (SLPA) is planning a multi-storied car park and special tariffs at the Colombo port to encourage vehicle transshipment from India, an official said.Transshipment of vehicles from India, which is positioning itself as a small-car making hub, has been growing through Colombo. “The Port of Colombo […]
Heavy Pull
Nov 15, 2007 (LBO) – Sri Lanka Shipping has announced its tugs have won contracts to tow international rigs on lengthy voyages. One tug has been deployed in the Middle East while another is underway moving a rig from Kakinada in India to Singapore. “Sri Lanka Shipping Co. was contracted to tow the rig ‘Transocean […]
Forging Ahead
Nov 15, 2007 (LBO) – Commercial Bank of Ceylon has reported a net profit growth of 30 percent to 1.1 billion rupees in the quarter ended September 2007 with foreign exchange earnings almost doubling to 519 million rupees. Total revenues grew 56 percent to 9.4 billion rupees, with net interest income also keeping pace at […]
‘s Union Assurance doubles earnings
Nov 15, 2007 (LBO) – Sri Lanka’s Union Assurance said net profit for the September quarter shot up 107 percent year-on-year to 29.6 million rupees. . General and life insurance premiums for the quarter grew by 17 percent to 1.1 billon rupees from 971 million rupees in 2006, according to interim results announced by the […]
Sri Lanka Tamil charity asset frozen by US for terror funding
Nov 15, 2007 (LBO) – The United States has frozen the assets of the Tamils Rehabilitation Organization (TRO) for raising funds and buying arms for the Tamil Tigers, which is a designated terrorist organization, the US embassy in Colombo said. “In the United States, the TRO has raised funds on behalf of the LTTE [Liberation […]
‘s economy 40 percent smaller than estimated: analyst
WASHINGTON, Nov 15, 2007 (AFP) – China’s economy is 40 percent smaller than most recent estimates, a US economist said Wednesday, citing data from the Asian Development Bank and guidelines from the World Bank.That effort is “still very much work in progress,” he said.“It’s too early to tell what the final implications will be.” Albert […]