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‘s Tigers after envoys hit
COLOMBO, Feb 27, 2007 (AFP) – Sri Lankan jets bombed suspected Tamil Tiger positions in eastern Sri Lanka on Tuesday after the rebels shelled two military helicopters and wounded three Western diplomats, officials said.Air force aircraft attacked the Liberation Tigers of Tamil Eelam (LTTE) who admitted they shelled the landing points of military aircraft which […]
Japanese ambassador safe after Sri Lanka attack; Tigers say sorry
TOKYO, Feb 27, 2007 (AFP) – Japan’s ambassador to Sri Lanka is safe after Tamil rebels attacked a group of diplomats Tuesday, wounding the US and Italian envoys, the foreign ministry said.Ambassador Kiyoshi Araki was one of the diplomats who had flown in two helicopters to the island’s restive eastern Batticaloa district. “Our ambassador was […]
US, Italian ambassadors wounded in Sri Lanka LTTE attacks
Feb 27, 2007 (AFP) – The ambassadors of the United States and Italy were wounded Tuesday in an artillery attack by suspected Tamil rebels in eastern Sri Lanka, Human Rights Minister Mahinda Samarasinghe told AFP.Samarasinghe, who was accompanying a group of Colombo-based diplomats to the district of Batticaloa, said the attack came shortly after one […]
Getting Steadier
February, 27 (LBO) – Lanka IOC, a unit of Indian Oil Corporation emerging from a subsidy and pricing battle with the Sri Lanka government, has turned an operating profit for the past quarter, but interest costs still kept the firm in the red. The firm posted operating profits of 185 million for the quarter ended […]
‘s Sampath to raise 250 million rupees of 5-year money
February 26 (LBO) – Sampath bank is raising 250 million rupees through a privately placed debenture to boost its tier two capital, the bank said. It has a 30.8 percent stake in Lankabangala Finance, a Bangladeshi non-bank institution engaged in leasing and credit cards. It also has a 24.6 percent stake in Union Bank of […]
Malaysia woos Lankan tourists with anniversary bash
February 26 (LBO) – Malaysia will celebrate 50 years of independence in August this year and is hoping the revelry, travel deals and discounts will entice more Sri Lankans to visit. Last year the island attracted 559,603 tourists, a small increase on the 549,308 in 2005 and well below tourism ministry expectations of 600,000 tourists. […]
On Record
February 26 (LBO) – South Korean electronics firm Samsung hopes to double business in Sri Lanka this year, fighting for a bigger slice of the island™s television market. We are confident of achieving an over 100 percent jump in our business in Sri Lanka this year, Ravinder Zutshi, Deputy Managing Director of Samsung India Electronics […]
Clean Sweep
Feb 26 (LBO) – Sri Lanka’s trade ministry is looking at appointing a liquidator to close a state trading firm that went bankrupt in a failed privatization attempt, an official said. Sathosa Retail, incorporated to take-over the supermarket operations of the Co-operative Wholesale Establishment (CWE) is estimated to owe more than 800 million rupees to […]
Nissan joins 900 million dollar Indian car venture with Renault
CHENNAI, India, Feb 26, 2007 (AFP) – Japanese automaker Nissan on Monday tied up with French partner Renault’s Indian venture to build a 902 million dollar plant, joining a race with rivals Toyota and Honda for a slice of the South Asian nation’s expanding car market.For decades after independence India’s roads were dominated by two […]
Indian chases world chili record
GUWAHATI, India, Feb 25, 2007 (AFP) – Spurred by a Guinness World Records nod to the local “ghost chili,” a woman from India’s northeast hopes to set a new record by eating a massive quantity of the world’s hottest pepper.Anandita Dutta Tamuly, a 26-year-old mother, is headed from Assam to London at the invitation of […]