All Blogs
Sri Lanka rupee sinks to new low against dollar
October 17, 2006 (LBO) The rupee sank to a new low Tuesday, falling to 107.65 against the dollar in early morning trade, dealers said.The rupee had also been heavily overvalued with the Real Effective Exchange Rate moving close to 110 percent after the rupee appreciated with tsunami aid flows despite high domestic inflation. Analysts say […]
Why Not?
Oct. 17, 2006 (LBO) — Emirates Telecommunications Corp. is in talks with the Sri Lankan government to acquire a stake in Sri Lanka Telecom, its spokesman said Tuesday. The company, also known as Etisalat, is looking at buying a controlling stake in SLT, spokesman Ahmed bin Ali told Bloomberg News. He decline to provide further […]
Search for clues in bloody debris of Sri Lankan suicide blast
HABARANA, Sri Lanka, Oct 17, 2006 (AFP) – The mobile phones, stowed in bags still on board shattered, blackened buses, rang until dawn as frantic relatives sought news of their sons, Sri Lankan sailors about to come home on leave.“It’s a very terrible situation — more than 100 deaths and now so much to do. […]
Sri Lanka jets bomb Tamil Tiger radio, say rebels
Oct 17, 2006 (AFP) – Sri Lankan war planes Tuesday bombed and destroyed the main transmitting tower of the Tamil Tiger’s radio station, the guerrillas said.The Liberation Tigers of Tamil Eelam (LTTE) said Kfir jets attacked their “Voice of Tigers” transmitting facility in the northern town of Kokkavil. “The VOT is the only radio broadcasting […]
Envoys step up Sri Lanka peace efforts after suicide bombing
Oct 17, 2006 (AFP) – Sri Lankan peace broker Norway launched a bid Tuesday to salvage planned talks after the rebels’ worst-ever suicide bombing that killed more than 100 people and prompted government retaliatory strikes.Special envoy Jon Hanssen-Bauer arrived in Colombo to try to finalise arrangements with government leaders for talks scheduled later this month […]
Black Tigers: the deadliest suicide bombers
Oct 17, 2006 (AFP) – The Tamil Tigers’ latest suicide bomb attack, the deadliest in the island’s history, has illustrated that the rebel army still ranks as a master of the tactic.The elite band of “Black Tigers” is regarded by guerrilla supremo Velupillai Prabhakaran as a “protective armour” and one of the most effective weapons […]
Sri Lanka hits back after suicide attack, talks in balance
Oct 17, 2006 (AFP) – Sri Lankan war planes hit Tamil Tiger targets Tuesday, a day after a suicide bombing killed more than 100 people and derailed efforts to save a collapsing peace process.The rebels and the government had agreed to hold October 28-29 peace talks in Switzerland before Sri Lanka’s worst-ever suicide attack on […]
‘t want to talk: analysts
Oct 17, 2006 (AFP) – The worsening cycle of violence in Sri Lanka, where Tamil Tiger rebels this week launched their bloodiest-ever suicide attack, is a sign that neither side in the brutal ethnic conflict is ready to sit down for talks slated for next week, analysts said Tuesday.In the latest carnage, more than 100 […]
Counting the dead after Sri Lanka suicide attack
DAMBULLA, Oct 17, 2006 (AFP) – Through a narrow doorway leading to the dead, the grim routine of cataloguing the slain from Sri Lanka’s latest suicide bombing ground on late into the night.Dazed young sailors, some smelling of alcohol, crowded round the doorway in a building set apart at one end of the hospital grounds […]
Sri Lanka opens government bond market to foreign investors
October 16, 2006 (LBO) – Sri Lanka has decided to liberalise its capital account by throwing open the government bond market to foreign investors, the Central Bank said Monday.Foreign investors are currently allowed to invest in equities, corporate debt and Sri Lanka development bonds or dollar bonds issued by the government. Central Bank’s superintendent of […]