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Sri Lanka claims fall of Tiger base amid new peace bid
July 11, 2007 (AFP) – Sri Lanka’s military said Wednesday it had captured the “nerve centre” and last Tamil Tiger jungle stronghold in the east of the island, following months of intense fighting. The claim coincided with a fresh effort by peace broker Norway, who sent a top envoy to the rebel-held northern town of […]
Sri Lanka president welcomes capture of Tiger base
July 11, 2007 (AFP) – Sri Lanka’s president Wednesday paid tribute to his security forces for capturing what he called the “last stronghold” of the Tamil Tiger rebels in the island’s restive east. President Mahinda Rajapakse in a statement welcomed the capture of the area known as Thoppigala, where the Liberation Tigers of Tamil Eelam […]
Sri Lanka petro chief calls for national hedging policy
July 12, 2007 (LBO) – The head of Sri Lanka’s state petroleum utility has called for a national policy on oil hedging for the longer term as international bankers were due to present a fresh proposal on short-term hedging. An accumulation of profits in any import firm would reduce demand in the aggregate economy, resulting […]
Fashion Degree
July 11, 2007 (LBO) – A Sri Lankan clothing technology school is launching a degree course in fashion and merchandising in a tie-up with Australia’s Royal Melbourne Institute of Technology (RMIT), and is also planning to offer a Masters program from next year. The Royal Melbourne Institute of Technology, began in 1887 as the ˜Working […]
Free World
BRUSSELS, July 11, 2007 (AFP) – A top European court ordered EU antitrust regulators Wednesday to pay damages to French firm Schneider for wrongfully blocking its takeover bid of a rival, potentially opening a floodgate to other cases.The court’s ruling was one of two blows it dealt to the Commission on Wednesday after it also […]
Strikes at Chilean mines send copper prices sky-high
SANTIAGO, July 10, 2007 (AFP) – Copper prices soared Tuesday as labor strikes pressured some of the largest copper mines in Chile, which supplies one-third of the world’s supply of the metal.“There is a direct impact on the mine’s production.Because of the violence by a group of subcontractors, it was decided to suspend ore extraction, […]
Bangladesh lose wicket in rain-hit Sri Lanka Test
KANDY, Sri Lanka, July 11, 2007 (AFP) – Tourists Bangladesh lost a second wicket in the 20 minutes of play possible between lunch and tea on the opening day of Wednesday’s rain-hit third and final cricket Test against Sri Lanka.Former captain Habibul Bashar was caught behind off Farveez Maharoof for 18 as the tourists moved […]
Sri Lanka claims capture of Tamil Tiger jungle base
July 11, 2007 (AFP) – Sri Lankan troops captured on Wednesday the jungle “nerve centre” of Tamil Tiger guerrillas in the east of the island after months of fighting, the defence ministry said.He said the objective of the security forces was not limited to capturing Thoppigala, but was to take full control over the multi-ethnic […]
Power Seed
July 11, 2007 (LBO) – Sri Lanka is seeking Indian support to develop bio-diesel plants in the island’s Puttalam region, north of the capital Colombo, a senior public estate management ministry official says. The bio-diesel project, which is to be launched in mid-July, will use the Jatropha plant (endaru), Merinus Fernando, advisor to the ministry […]
Sri Lankan industrialists concerned about slowing economic growth
July 11, 2007 (LBO) – Sri Lanka’s top industrialists have expressed concern over the noticeable slowing down of economic growth and delays in legislating protection for local industries under new world trade rules. “Rural development is essential for growth and stability must come mainly from business linkages – not handouts.” Industry needs better access to […]