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Seven people killed in Sri Lanka clashes
July 3, 2007 (AFP) – Four suspected Tamil Tiger rebels and three soldiers were killed in fresh violence in Sri Lanka’s embattled north, military officials said Tuesday. There was no immediate comment from the Liberation Tigers of Tamil Eelam, who have been locked in combat with the government since 1972 in a conflict that has […]
Sri Lanka on alert for Tiger attack anniversary
July 3, 2007 (AFP) – Sri Lankan security forces are on high alert as Tamil Tiger rebels this week mark the 20th anniversary of their first-ever suicide attack with the threat of unleashing more deadly strikes.“We are also seeking public cooperation for information regarding suspicious activity in their neighbourhoods.” The island’s prime minister has underlined […]
Sri Lanka achieves reserve money target for June
July 3, 2007 (LBO) – Sri Lanka’s central bank says its reserve money target for June has been achieved comfortably, even as emerging fiscal signals continued to unsettle market participants. Short term rates have also become volatile this week, reaching towards 40 percent again. The interbank market has become after several weeks of excess liquidity […]
India software exports head for 60-billion-dollar mark
BANGALORE, India, July 2, 2007 (AFP) – India’s exports of software and related services are expected to almost double in three years to 60 billion dollars, maintaining the country’s lead over rivals such as China, the industry said Monday.But the rupee’s strength and a shortage of talent are major concerns for an industry that posted […]
Steady Steady
July 02, 2007 (LBO) – A new rule by Sri Lankan stock market regulators that limits brokering credit for investors should ensure more stability and provide long term security for the market. The rule, effective from July 1, will limit brokerage firms from lending more than 75 percent of the market value of an investor’s […]
More Empathy
July 2, 2007 (LBO) – Manique Gunaratne, a visually impaired Sri Lankan professional, has a simple poem that she recites to highlight the hopes of people like her. “It takes the summer, sun and the rain, to make a garden grow It takes the moon and twinkling stars, to make the heavens grow It takes […]
Tougher tobacco rules urged at global anti-smoking talks
BANGKOK, July 2, 2007 (AFP) – Health advocates called Monday for tougher regulations on tobacco, as officials from 145 countries met in Bangkok to discuss ways of boosting global efforts to stop smoking.The week-long meeting organised by the World Health Organisation (WHO) aims to find ways of harmonising national laws to tighten tobacco controls, particularly […]
Muralitharan eyes world record
COLOMBO, July 2, 2007 (AFP) – Muttiah Muralitharan said Monday he will tour Australia later this year amid the possibility of being crowned Test cricket’s most successful bowler on Shane Warne’s home soil. The Sri Lankan’s 683 wickets leave him just 25 short of equalling the retired Australian leg-spinner’s world record tally of 708. With […]
UK mission in Sri Lanka ups involvement in peace process
July 2, 2007 (LBO) – The UK mission in Colombo will become more involved in Sri Lanka’s peace process after being asked represent the European Union’s Presidency in the country, the British High Commission said Monday. The rotating EU presidency has shifted to Portugal took over the EU presidency, but the country does not have […]
Power Profits
July 2, 2007 (LBO) – Problems at Sri Lanka’s Kelanitissa thermal power station partly offset strong first quarter 2007 profit growth of AES Corporation of the US, the company has reported. AES Corporation revenues increased 11% to 3.1 billion dollars compared to 2.8 billion dollars for the first quarter of 2006, while net cash from […]