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Sri Lanka says air raids kill eight Tamil Tigers
March 13, 2007 (AFP) – Eight suspected Tamil Tiger rebels were killed in strikes by Sri Lanka warplanes as part of a military offensive in the eastern Batticaloa district, the defence ministry said Tuesday. More than 4,000 people have been killed amid an upsurge in fighting since December 2005, despite the two sides agreeing to […]
Sri Lanka gets budgetary support grant from Japan
March 13, 2007 (LBO) — Sri Lanka has secured a 10.2 million dollar grant from Japan to support the island’s balance of payments, with the funds to be used to import goods and material, the Japanese Embassy said Tuesday.Japan, Sri Lanka’s biggest bi-lateral donor, had disbursed 198.8 million dollars from January to September 2006, according […]
Sri Lanka cash rates hit a new 32% high, equities slide
March 12 (LBO) – Sri Lanka’s overnight cash rates hit a new high of 32 percent Monday, as the central bank stayed away from injecting liquidity through an open market auction, dealers said. On Friday morning rates hit 30 percent, before easing slightly, with a market short by about 1.9 billion rupees. Sri Lanka’s overnight […]
Striking Hot
March 12, 2007 (LBO) — Sri Lanka is pushing for greater access to the Chinese aviation market, when high level officials meet for bilateral air-services talks later this week, the foreign ministry said Monday.Sino-Lanka aviation links have been in place since 1959, though direct airlinks between both countries were established when SriLankan airlines started thrice […]
Claims Toll
March 12, 2007 (LBO) – Union Assurance net profits fell 41 percent in 2006, with high claims bill taking its toll, but gross premiums grew by 28 percent, the company’s annual accounts showed. The firm’s net profit after tax fell to 155 million rupees from 262 million of 2005. The surplus from life insurance activities […]
” claims
SYDNEY, March 12, 2007 (AFP) – Australian captain Ricky Ponting accused Sunil Gavaskar of being “high and mighty” after the Indian legend branded the world champions an unpopular team, reports said here Monday.“They might want to start to look at the way they play their own cricket rather than looking at us.” Ahead of Australia’s […]
Sobers declares 2007 World Cup open
DANIEL TOWN, Jamaica, March 12, 2007 (AFP) – The 2007 Cricket World Cup, the first to be held in the Caribbean, was opened here on Sunday in a three-hour, two-million dollar opening ceremony. Sir Garfield Sobers, arguably the greatest player the game has ever known, declared the 16-team, 49-day, 51-match tournament open. “On behalf of […]
Six die in fresh Sri Lanka clashes
COLOMBO, March 12, 2007 (AFP) – Six people died in fresh clashes between government troops and Tamil Tiger rebels in Sri Lanka’s embattled north and east, the military said Monday as aid groups warned of a refugee crisis. Suspected Tiger rebels set off a roadside bomb that killed a government security guard in the north […]
Southern Harbour
March 12, 2007 (LBO) – Sri Lanka Ports Authority (SLPA) Monday signed up two Chinese firms to build the proposed Hambantota Port in Southern Sri Lanka, with financing expected from the Chinese government. SLPA hopes the project will provide 6,000 direct employment and 50,000 indirect employment opportunities in the area, with nearby Matara, Ratnapura and […]
Strong rubber prices in Sri Lanka gives bounce to Kelani Valley
March 11 (LBO) – Robust rubber prices have boosted after tax profits of Kelani Valley Plantations (KVPL) by 66 percent in 2006, while turnover grew by 21 percent, the company said. Kelani Valley Plantations Limited (KVPL), a subsidiary of Dipped Products Limited (DPL) says turnover grew to 2,330 million in 2006, with increases of 11 […]