All Blogs
Sri Lanka jets strike Tamil Tiger bases
July 4, 2007 (AFP) – Sri Lankan air force jets on Wednesday carried out a second straight day of bombing raids against Tamil Tiger rebels positioned in jungles in the east of the island, the military said. The raids were part of a months-old effort aimed at dislodging the ethnic rebels from their hideouts in […]
Congressmen want US to do more to end Sri Lanka conflict
WASHINGTON, July 3, 2007 (AFP) – About 50 US lawmakers have written to President George W.Bush asking him to step up American efforts to help resolve the ethnic conflict in Sri Lanka.“The United States has the opportunity to serve as a leader” in renewed international efforts to bring about a peaceful resolution to the conflict, […]
Passing Bucks
July 04, 2007 (LBO) — Sri Lanka’s state-run oil firm Ceylon Petroleum Corporation has asked the treasury to pick up a six billion rupee subsidy tab for selling fuel to the Ceylon Electricity Board at a steep discount, officials said Wednesday. The Ceylon Electricity Board (CEB), currently buys fuel at 55 rupees a litre from […]
Sri Lanka call rates edge up despite cash injections
July 3, 2007 (LBO) – Sri Lanka’s call rates moved above 35 percent with liquidity disappearing from the banking system despite the monetary authority pumping billions of rupees of new money into the system. Ministers told the media that the government may lose up to ten billion rupees through cuts of value added tax on […]
Big Bucks
July 03, 2007 (LBO) – HSBC Bank in Sri Lanka is looking to finance two large transport sector projects with private sector involvement which will spawn new opportunities for local and international banks, a top official said. Three of Sri Lanka’s largest conglomerates, John Keells, Hayleys and Aitken Spence have put in bids to build […]
Skills Export
July 03, 2007 (LBO) – Aitken Spence, one of Sri Lanka’s conglomerates with interests in several areas of the shipping industry, wants to develop a new business in managing ports abroad. The company already has a deal with South Africa’s Durban Port under which is sent 125 skilled Sri Lankans to provide training and port […]
Cell News
July 3, 2007 (LBO) – Dialog Telecom is offering free breaking news for its customers days after competitor Mobitel launched trials for a text news alert. “We are launching this service with a view to providing information and creating a sense of security for customers,” Nushad Perera, head of sales at Dialog Telekom said in […]
‘s botched execution
WASHINGTON, July 3, 2007 (AFP) – The mother of a US man whose 2006 execution took 86 minutes and involved sticking needles into him 19 times has sued the prison team which oversaw the execution for civil rights violations.On Monday Irma Clark filed suit in the Cincinnati, Ohio, district court, alleging her son Joseph Clark […]
Bangladesh hit new low after Malinga-Murali burst
COLOMBO, July 3, 2007 (AFP) – Sri Lanka’s Lasith Malinga and Muttiah Muralitharan combined to humiliate Bangladesh for their lowest score of 62 on the opening day of the second cricket Test here on Tuesday. The trio replaced Khaled Mashud, Shakib-Al Hasan and Abdur Razzak. Fast bowler Malinga and off-spinner Muralitharan grabbed four wickets each […]
Bangladesh out for 62 domintaed by Sri Lankan attack
July 3, 2007 (AFP) – Bangladesh were shot out for their lowest Test score of 62 by Sri Lanka on the opening day of the second cricket Test at the P.Sara stadium here on Tuesday. Lasith Malinga and Muttiah Muralitharan claimed four wickets each as Bangladesh fell below their previous low of 86, also against […]