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At least 10 Sri Lankan soldiers killed in blast
July 24, 2007 (AFP) – At least 10 Sri Lankan government soldiers were killed and eight others wounded Tuesday when their military convoy was hit by a huge roadside bomb laid by suspected Tamil Tiger rebels, officials said.The victims, almost all off-duty soldiers, were travelling through the northern district of Vavuniya, close to the frontline […]
Sri Lanka military convoy hit by land mine, 14 dead
July 24, 2007 (AFP) – Suspected Tamil Tiger rebels set off a powerful roadside bomb in northern Sri Lanka on Tuesday, targeting a military convoy and killing at least 14 people, police said.The latest attack came as security was stepped up in the capital Colombo amid fears of bomb attacks by the separatist rebels. The […]
Renaissance
MCCLEAN LAKE, Canada, July 24, 2007 (AFP) – Twenty years after the Chernobyl disaster poisoned the world’s taste for reactors, a French firm is sniffing out fresh uranium supplies in Canada.And the race for nuclear power is back on.After the deadly Chernobyl reactor explosion in Ukraine in 1986 and a lesser scare at the Three […]
Sri Lanka seeks to attract Chinese investments
July 24, 2007 (LBO) – A Chinese trade and investment delegation is visiting Sri Lanka and is especially keen on doing business in the construction sector, Board of Investment officials said Tuesday. The team, from the China Council for the Promotion of Investment (CCPIT) in Shanghai, held talks with Investment Promotion Minister Sarath Amunugama and […]
Red Light
July 24, 2007 (LBO) – Sri Lanka’s bank regulators have shot down an attempt to appoint a common directorate to two state banks which had their origins in election promises, but are now trying to consolidate to conserve capital, officials said. Vimasuma.com Newsdesk The government is planning to amalgamate a state bank created to give […]
Money Probe
July 23, 2007 (LBO) – Money laundering investigators say authorities are probing activities of Goldquest in Sri Lanka but details could not be released because there was no legal provision to do so. Officials had claimed earlier in the seminar that money laundering through the financial system could turn away genuine foreign investors. “Goldquest investigations […]
Another Problem
July 23, 2007 (LBO) – The sudden recall of Sri Lanka’s envoy in Saudi Arabia may affect the case of a teenager on death row, a rights body which championed her cause said Monday in an open letter to President Mahinda Rajapkse. AHRC said it hoped the case of Rizana Nafeek may serve as a […]
More Cash
July 23, 2007 (LBO) – Commercial Bank of Sri Lanka has more than doubled the limits on cash withdrawals from automated teller machines (ATMs) and increased limits on debit card purchases. “The increase in the point-of-sale limit on our debit cards will enable our customers to carry out high value transactions provided the necessary funding […]
Clemency Plea
RIYADH, July 23, 2007 (AFP) – A Sri Lankan minister in Saudi Arabia to plead for the life of a teenage housemaid condemned to death for murdering a four-month-old baby said on Monday he was hopeful of a positive outcome. So far this year there have been 108 executions in Saudi Arabia. Deputy Foreign Minister […]
Chavez says nobody can be allowed to call him a tyrant
CARACAS, July 22, 2007 (AFP) – Venezuela’s fiery socialist President Hugo Chavez on Sunday vowed to kick out foreigners who brand him a “tyrant,” after a Mexican politician spoke at a forum here on sensitive democracy issues.“No foreigner can come here to attack us.Anyone who does must be removed from this country,” Chavez said on […]