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Sri Lanka warring parties in Geneva to cool down war
GENEVA, Oct 26, 2006 (AFP) – Sri Lanka’s warring parties arrived in Geneva Thursday for their first face-to-face meeting in eight months amid international pressure to halt ethnic bloodshed and save a crumbling ceasefire.The rebel Liberation Tigers of Tamil Eelam (LTTE) returned to the Swiss city after suicide bombings, conventional war and tit-for-tat killings that […]
Death squads take bloody toll in Sri Lankan frontline town
VAVUNIYA, Sri Lanka, Oct 26, 2006 (AFP) – Vaithilingam Mahenthiran and two of his friends were gunned down on a Saturday afternoon earlier this month.The day before, two other young men were shot to death and dumped in a ditch on the roadside, their hands bound and heads hooded. Before the weekend was over, three […]
Attacks, disappearances continue ahead of Sri Lanka peace talks
Oct 26, 2006 (AFP) – At least 30 people were killed or disappeared last week in the embattled Sri Lankan flashpoint town of Jaffna, Tamil rebels said Thursday, despite pledges to hold peace talks to end a bitter ethnic conflict.“The rate of killing and disappearance in Jaffna showed no sign of letting up,” the Tamil […]
‘s one-year treasury yield at 12.03%
October 25, 2006 (LBO) – Sri Lanka’s borrowing costs continued to climb up following Wednesday’s weekly treasury bill auction, with market players anticipating a further hike in policy rates next month, traders said. Yields on all maturities went up with the central bank refraining from printing money to keep rates down. Yields for three month […]
Bigger Say
October 25, 2006 (LBO) – Sri Lanka’s conglomerate John Keells Holdings Ltd Wednesday said it has raised its ownership in port operator South Asia Gateway Terminals (Pvt) Ltd to 33.75 percent. “The success of SAGT further proves the ability of Sri Lankan companies to develop and add value to large scale infrastructure projects,” Ratnayake added. […]
BPO Ponzi
October 25, 2006 (LBO) – A Ponzi-style fraud that was masquerading as an internet based outsourcing company, shut up shop Wednesday, leaving thousands of Sri Lankan defrauded of millions of rupees. Mt. Lavinia police said the operators, who ran a company called Seagullsoftwares have fled the office and they had no idea how many people […]
Major Update
SAN FRANCISCO, Oct 24, 2006 (AFP) – Mozilla on Tuesday released a new version of its Firefox web browser that has gained popularity as a free alternative to Microsoft’s ubiquitous Internet Explorer software.In the two years since its release by the nonprofit Mozilla Foundation, the Firefox browser has won millions of devotees worldwide. The Firefox […]
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ABU DHABI, Oct 25, 2006 (AFP) – Tamil Tiger rebels heading for peace talks in Geneva are banking on international pressure on the Sri Lankan government to stop the island returning to “real war”, a top guerrilla leader said Wednesday. “If the international community fails to put pressure on the government to implement the (February […]
Sri Lanka airlifts food to stranded people of Jaffna
Oct 25, 2006 (AFP) – Sri Lanka has airlifted hundreds of tons of food and other essential items to Jaffna, which was cut off more than two months ago by fighting with Tamil rebels, the defense ministry said Wednesday. The military operated emergency flights Tuesday and Wednesday and was expected to ferry more goods to […]
Europe gives Sri Lanka additional aid for conflict displaced refugees
Oct 25 (LBO) – The European Commission will give Sri Lanka five million Euros or 667 million rupees in emergency aid to help over 200,000 internally displaced people in an increasingly violent local conflict. The additional funds will add to seven million euros approved for aid work in the country in July this year and […]