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Anti-doping sleuths arrive in Sri Lanka for Rugby championship
November 02, 2007 (LBO) — The International Rugby Board’s anti-doping inspectors arrived in the Sri Lanka to kick off the Asian Rugby championship which starts in Colombo later this week, officials said Friday. Tim Ricketts, the board’s anti-doping Manager, will lead the panel during the nine-nation event which runs from November 3-10. “We will do […]
Who is Thamilselvan?
Nov 2, 2007 (AFP) – The political head of Sri Lanka’s Tamil Tiger rebels who was killed in an air strike on Friday was the guerrillas’ public face for scores of visiting dignitaries and media personnel.“It is always wrong to place us on a par with international terrorist acts that bring harm to innocent civilians […]
Sri Lanka military to target Tiger leaders
Nov 02, 2007 (Vimasuma.com) Sri Lanka’s military would continue to target the Tamil Tiger leadership based on intelligence, a top defence official said, after the guerrillas’ political chief was killed in an air raid Friday. The Tamil Tigers said today its political head S P Thamilchelvan and five others were killed in a dawn air […]
Sri Lanka Tiger political chief Thamilselvan and five others killed
COLOMBO, Nov 2, 2007 (AFP) – The political chief of Sri Lanka’s Tamil Tigers, the public face of the secretive rebel group, was killed in a government air strike on Friday, the guerrillas announced. S.P. Thamilselvan died with five others in an attack by the Sri Lankan air force on rebel-held territory, they said.The defence […]
Sri Lanka Tigers lose seven, claim to be beat back offensive
Nov 2, 2007 (AFP) – Tamil Tiger guerrillas on Friday said they had beaten back two attacks by government forces in northern Sri Lanka with the loss of seven of their own fighters.The rebel Liberation Tigers of Tamil Eelam (LTTE) said there were two attempts by government forces to break into territory they hold and […]
Sri Lanka to print less money for deficit after bond issue: Central Bank
Nov 02, 2007 (LBO) – Sri Lanka’s central bank says it would not have to print money as the government had borrowed abroad helping lower inflation in the near future, but analysts warn that a massive dollar liquidity influx is now unsettling the monetary system. Analysts say the October jump in inflation of 2.8 percent, […]
Sri Lanka small tea grower factory profits surge
Nov 01, 2007 (LBO) – Rising low grown tea prices have helped boost Sri Lanka’s Tea Smallholder Factories’ second quarter profit net profit 151 percent to 33.5 million rupees compared with the same period a year ago. Revenue for the quarter ended September 30, 2007 shot up 62 percent to 578 million rupees, according to […]
Blank Cheque
Nov 01, 2007 (LBO) – Tariff preferences available under European Union market access concessions are a ‘blank cheque’ for Sri Lankan exporters to penetrate sophisticated markets, trade officials said. Director of Commerce Kulatunga Perera said the EU’s Generalised System of Preferences Plus scheme will be reviewed in 2008 and that he was confident Sri Lanka […]
Broad Highway
Nov 01, 2007 (LBO) – Dialog Broadband Networks, a unit of Dialog Telekom launched broadband services offering high download speeds at competitive prices which can potentially take-over the corporate leased line market for internet, officials said. The firm uses Worldwide Interoperability for Microwave Access (WiMax) to offer download speeds of up to 4Megabits per second […]
Oil hits new high after Fed rate cut
SINGAPORE, Nov 1, 2007 (AFP) – Oil prices scaled record highs of more than 95 dollars a barrel in Asian trade Thursday after the Federal Reserve lowered interest rates and following news of a surprise decline in US crude stocks. New York’s main futures contract, light sweet crude for delivery in December, was trading at […]