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Ferocious battles kills 18 in Sri Lanka
COLOMBO, March 21, 2007 (AFP) – Tiger rebels on Wednesday fought pitched battles with troops in Sri Lanka while war planes bombed guerrilla positions, the military said, placing the death toll from both sides at 18. Troops and the Tamil Tigers were locked in fierce mortar and artillery duels for five hours in the east […]
Heavy fighting in Sri Lanka kills 12
COLOMBO, March 21, 2007 (AFP) – Sri Lankan troops and Tiger rebels fought a pitched battle in the island’s restive east Wednesday, killing at least 12 from both sides and wounding more than 30, military officials said. The rebel Liberation Tigers of Tamil Eelam (LTTE) launched a pre-dawn mortar attack on an army camp at […]
Sri Lanka climb 47 places to become 14th in Minority Rights Group list
LONDON, March 20, 2007 (AFP) – Somalia has overtaken Iraq as the world’s most dangerous country for minority groups, a report from a leading human rights group said Tuesday.The research, from Minority Rights Group International (MRG), placed Somalia first, Iraq second and Sudan third in its “Peoples Under Threat” list. Although Afghanistan came fourth and […]
Flying Forward
Flying Forward March 20 (LBO) SriLankan Airlines is adding a third weekly flight to the Indian coastal resort of Goa, moving closer to becoming first scheduled foreign airline to have a hundred flights per week to the country, the airline said. Already the foreign carrier with the most frequencies, SriLankan will have 95 flights to […]
Indo Finance
March 20, 2007 (LBO) – Chennai based Indian Bank is looking to expand operations in Sri Lanka after boosting its capital at its branch this year, officials said. The bank had accumulated losses from bad loans after financing films in real estate. “This year we will bring our capital up to the required 25 million […]
Powder Keg
March 20, 2007 (LBO) – Sri Lanka is bracing for a steep rise in milk powder prices, with a drought in Australia pushing international dairy product prices to unprecedented highs. Meanwhile Kotmale says it expects to keep prices below multinational brands by running a lean operation, while prices of its other dairy products made with […]
Telecom Sale
March 20, 2007 (LBO) – A Malaysian firm has been given the go ahead to conduct a due diligence of Sri Lanka Telecom (SLT) ahead of a possible sale of a stake held by Japan’s NTT, the company said Tuesday. NTT Communications Corporation of Japan owns a 35 percent stake in Sri Lanka Telecom, but […]
Bangladesh gets second private passenger airline
DHAKA, March 20, 2007 (AFP) – A Kuwait-based company has joined Bangladesh’s leading air-cargo operator to launch the country’s second private passenger airline, a company official said Tuesday.Biman reported a record loss of 120 million dollars in the year to June last year. Aqeeq Aviation Holding has bought a 49 percent stake in Best Aviation […]
Airbus A380 superjumbo wows crowds on historic US debut
LOS ANGELES, March 19, 2007 (AFP) – The giant Airbus A380 superjumbo landed on US soil for the first time Monday, dazzling large crowds gathered in Los Angeles and New York to catch a glimpse of the world’s biggest passenger plane. The 555-seat double-decker behemoth with a wingspan the size of a football pitch descended […]
Pakistan cricket chief offers resignation
ISLAMABAD, March 20, 2007 (AFP) – Pakistan Cricket Board chairman Naseem Ashraf has offered his resignation to President Pervez Musharraf following the national team’s disastrous exit from the World Cup, a spokesman said Tuesday. Pakistan’s chief cricket selector and the rest of the national selection committee have also stepped down, the PCB said as the […]