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Sri Lanka war planes hit Tigers as heavy fighting rages
May 7, 2007 (AFP) – Sri Lankan war planes Monday bombed suspected Tamil Tiger positions in the island’s north where heavy ground battles were raging, a military spokesman said.Supersonic jets hit positions near Iranamadu where the rebel Liberation Tigers of Tamil Eelam (LTTE) maintain a clandestine airfield, spokesman Prasad Samarasinghe said. He said a Tiger […]
‘s northeast
May 6, 2007 (AFP) – Tamil Tiger rebels and government forces were locked in combat in Sri Lanka’s northeast Sunday with both sides claiming heavy losses against each other. A landmine detonated by Tamil Tigers killed three police commandos in eastern Sri Lanka on Sunday, the defence ministry said. The Liberation Tigers of Tamil Eelam […]
More Protection
May 6, 2007 (AFP) – Sri Lanka is to tax film producers who use foreign stars in a move to protect its own movie market and combat cheaper imported labour from India, an industry official said Sunday. Domestic film makers who use foreign actors in a lead role will have to pay 250,000 rupees (2,400 […]
ADB looks for new role after success in growing Asian prosperity
KYOTO, Japan, May 5, 2007 (AFP) – The Asian Development Bank came under pressure Saturday not to abandon the region’s poorest as it considers a major overhaul in response to warnings that it risks becoming irrelevant. With Asia’s rapid economic growth expected to wipe out widespread absolute poverty in much of the region by 2020, […]
Sri Lanka minus stars for Pakistan encounter
May 6, 2007 (AFP) – Sri Lanka will be without some of its star players for the three-match one-day series with Pakistan in Abu Dhabi later this month, a senior official said here Sunday. The 2007 World Cup runners-up team which will play matches with Pakistan from May 18-22 in Abu Dhabi will be without […]
Sri Lanka foreign policy think tank to focus on counter-terrorism
May 06, 2007 (LBO) – Sri Lanka’s foreign minister has revamped the management of a key foreign affairs think tank meant to serve as a link between strategy and decision making, with a key focus on counter-terrorism. But both sides are under international pressure to resume peace talks and end human rights violations. The Lakshman […]
Sri Lanka floods leave tens of thousands homeless
May 6, 2007 (AFP) – More than 125,000 people have been driven out of their homes and 16 killed following flash floods in the Sri Lankan capital and neighbouring areas, officials said Sunday. The Disaster Management Centre said at least 50,000 residents of Colombo were affected by heavy rains on Thursday and Friday. More than […]
10 killed in fresh Sri Lanka violence
COLOMBO, May 6, 2007 (AFP) – A landmine detonated by Tamil Tigers killed three police commandos in eastern Sri Lanka on Sunday while seven suspected rebels died elsewhere in the embattled region, the defence ministry said.The Liberation Tigers of Tamil Eelam (LTTE) attack blew up a police Special Task Force vehicle in Batticaloa district killing […]
Profit Warning
May 05, 2007 (LBO) – Emirates, which owns 40 percent of SriLankan Airlines has warned its main shareholder, the Dubai government, that profits of the South Asian associate will fall in 2007. “SriLankan faces another difficult year ahead and unless a solution is found to the ongoing security situation, there may not be a significant […]
Ultimate Aim
May 5, 2007 (LBO) – An amendment effected to the Monetary Law Act in 2002 requires the Central Bank of Sri Lanka to pursue ˜economic and price stability’ as one of the two core objectives of the Bank. The writer is the Deputy Governor of the Central Bank of Sri Lanka This is somewhat a […]