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Sri Lanka rebel suicide squad, planes hit air base
Oct 22, 2007 (AFP) – An elite Tamil Tiger suicide squad backed by light aircraft on Monday attacked a key Sri Lankan military base in an unprecedented ground and air assault, killing at least five soldiers. The rebels said 21 members of their “Black Tiger” unit and two light aircraft struck the Anuradhapura air base […]
Sri Lankan Tiger attack casualties mount
Oct 22, 2007 (LBO) – Up to nine Sri Lankan servicemen and 20 Tamil Tiger rebels were killed during the Tiger air and ground attack on the Anuradhapura Sri Lanka Air Force airbase in the early hours of Monday, military officials said Two Mi-24 air force attack helicopters were badly damaged in the Tiger attack […]
Sri Lanka rebels say suicide unit used in attack
Oct 22, 2007 (AFP) – Sri Lanka’s Tamil Tiger rebels said Monday they had used members of an elite suicide squad to stage their first-ever coordinated ground and air assault against a key military base.Military sources said the bigger loss for the security forces apart from the fatalities was the destruction of a Beechcraft aircraft […]
Sri Lanka Tiger air, land attack kills five
Oct 22, 2007 (AFP) – Five Sri Lankan airmen were killed as Tamil Tiger rebels launched an unprecedented air and land attack on a northern military base, officials and a pro-rebel website said on Monday.A 2002 truce brokered by Norway began to unravel in December 2005 and since then, thousands of people have killed and […]
Sri Lanka airforce says two helicopter gunships damaged in Tiger air, ground assault
Oct 22, 2007 (LBO) – Tamil Tiger rebels launched a pre-dawn air and ground assault on a Sri Lankan air force base on Monday, damaging at least two helicopter gunships, military officials and news agency reports said.An air force spokesman said two Mi-24 helicopter gunships were damaged in the Tiger attack. At least eight air […]
Sri Lankan exports slow down in August
Oct 22, 2007 (LBO) – Sri Lanka’s exports slowed down in August 2007 but cumulative higher export growth over imports helped narrow the trade deficit for the first eight months of the year, the Central Bank said Monday. It said in a statement on the island’s external trade performance that higher growth of exports over […]
Sri Lanka in new IFC bond index and fund
WASHINGTON, Oct 22 2007 (LBO) – Sri Lanka has been included in a new World Bank backed initiative to expand the international appeal of local currency bonds of emerging countries. The International Finance Corporation (IFC), the World Bank’s private sector financing arm, and the International Bank for Reconstruction and Development (IBRD) which finances middle income […]
Sri Lanka lacks evidence based economic debate: WB economist
WASHINGTON, Oct 22, 2007 (LBO) – Sri Lanka needs debate on economic policy centered on real evidence or research instead of extreme posturing based on ideology if the island is to progress, a top development economist said. However up to July 2007 Sri Lanka spent four percent less on oil imports compared to the same […]
Sri Lanka Tigers damage two helicopter gunships in assault
Oct 22, 2007 (LBO) – Sri Lankan Tamil Tiger rebels launched an air and ground assault under cover of darkness on an air force base in the north central Anurahapura region, damaging two helicopter gunships and wounding at least eight troops in the early hours of Monday. The Tigers destroyed or damaged 26 commercial and […]
Brazil slams IMF handling of US credit crisis
WASHINGTON, Oct 20, 2007 (AFP) – Brazilian Finance Minister Guido Mantega slammed the International Monetary Fund Saturday for having been lax in its handling of a US housing-related credit crisis that roiled global markets.“Allow me to point out the irony of this situation,” Mantega told IMF policymakers at the opening of annual meetings here of […]