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Britain prosecutes Sri Lanka Tamil Tiger members for helping terrorism
LONDON, June 28, 2007 (AFP) – Two men appeared in court in London Thursday accused of membership of Sri Lanka’s Tamil Tiger rebels, banned in Britain as a terrorist organisation. Arunachalam Chrishanthakumar, also known as AC Shanthan, 50, and Goldan Lambert, 29, appeared at Westminster Magistrates Court, central London, charged under the Terrorism Act 2000. […]
Upward Revision
June 29, 2007 (LBO) – Sri Lanka has raised fuel prices by around 5 percent almost two months after the last price increase, after allowing petroleum utilities to run huge losses and the national currency to come under pressure. . Standard 90-octane petrol would increase by 5 rupees to 111 while standard auto Diesel would […]
Sri Lanka inflation jump 3.2 percent in June; yearly numbers trend down
June 29, 2007 (LBO) – Sri Lanka’s inflation rose 3.2 percent in June, though the 12-month increase in consumer prices fell to 13.0 percent from 13.7 percent, the government’s statistics office said. The seasonally adjusted increase in the Colombo Consumer Prices fell to 17.0 percent from 17.4 percent in May, the Department of Census and […]
Chinese Squeeze
June 28 (LBO) – Sri Lankan exporters look set for difficult times with freight rates on the rise and their cargo being squeezed out of container ships chock full of Chinese exports, a top freight forwarder said Wednesday. “We do have a problem,” Niral Kadawatharatchie, chairman of the Sri Lanka Freight Forwarders’ Association told its […]
Own Fleet
June 28 (LBO) – Sri Lanka’s national shipping line has shelved plans to acquire a tanker for crude oil imports and is going ahead with the purchase of a cargo vessel to supply the northern Jaffna peninsula, an official said Ceylon Shipping Corporation (CSC) officials said a cargo ship is the more urgent requirement because […]
Indian Bypass
June 28, 2007 (AFP) – Sri Lankan exporters are being squeezed as fewer container ships heading west call into Colombo, with global shipping lines moving more business to India and its booming economy. Both projects have been delayed for over a decade because of poor government policy and analysts fear that further delays could see […]
HSBC, Standard Chartered targeted in forex crackdown
HONG KONG, June 28, 2007 (AFP) – HSBC and Standard Chartered confirmed Thursday they were among banks targeted in a crackdown by China’s foreign exchange regulator on speculative capital inflows. The two banks said they had recently been inspected by the State Administration of Foreign Exchange (SAFE) and had taken action to ensure they complied […]
Murali and Malinga leads Sri Lanka in record win against Bangladesh
June 28, 2007 (AFP) – Lasith Malinga and Muttiah Muralitharan combined to destroy Bangladesh as Sri Lanka won the first Test of their three-match series by an innings and 234 runs.Both bowlers finished with four wickets each as Bangladesh, resuming their second innings at 233-5, were shot out for 254 within 30 minutes of the […]
Sri Lanka hopeful Norway meeting will help peace process
TOKYO, June 28, 2007 (AFP) – Sri Lanka’s Foreign Minister Rohitha Bogollagama said Thursday he was optimistic that a meeting of top donors this week would help to revive the island nation’s moribund peace process.Peace broker Norway is holding the crucial meeting of Sri Lanka’s top aid donors in a bid to halt a new […]
Sri Lanka reports 430 killings in five months
June 28, 2007 (AFP) – Some 430 Sri Lankans were slain during a five-month period, most of them minority Tamils, a commission said on Thursday, amid growing controversy over rights abuses in the conflict-hit island. The Special Presidential Commission on Disappearances said the killings were reported between September 2006 and February 2007 as the country […]