All Blogs
Sri Lanka jets hit Tiger training camp
COLOMBO, Sept 27, 2006 (AFP) – Sri Lankan war planes bombed a suspected Tamil Tiger training camp as the two sides exchanged artillery attacks across a de facto front line in the island’s north, the defence ministry said Wednesday. Mani Shankar Aiyar said here late Tuesday at a public lecture. Aiyar said India supported moves […]
Norway welcomes Sri Lanka talks pledge
OSLO, Sept 27, 2006 (AFP) – Norway on Wednesday welcomed an announcement by the Sri Lankan government that the leader of the Tamil Tiger rebels was committed to resuming talks on ending decades of ethnic bloodshed.“We see this as a very positive development and we are hopeful both parties will meet for talks as soon […]
Peace hopes rise as Sri Lanka says Tigers agree to talk
Sept 27, 2006 (AFP) – Hopes for peace in Sri Lanka rose Wednesday after the government revealed Tamil Tigers have agreed to resume face-to-face negotiations and end a seven-month deadlock in talks.Over the past three decades more than 60,000 people have been killed in Sri Lanka’s drawn out ethnic conflict. Tiger leader Velupillai Prabhakaran has […]
Pricing Wars
Sept 27 (LBO) – Sri Lanka’s state oil giant Ceypetco dropped fuel prices on Wednesday to appease trade unions, but has been helped by falling world prices of crude oil. Sri Lanka is expected to pay over 2.0 billion dollars this year, up from 1.6 billion last year for oil imports. (corrected) Sri Lanka’s minister […]
Precious Data
Sept 27, 2006 (LBO) – India’s Oil and Natural Gas Corp and British Gas have bought up seismic data on potential oil deposits off Sri Lanka’s west coast, for two million dollars. Investors interested in potential oil reserves in the Mannar Basin could buy data from the Sri Lankan government, ahead of a bidding round […]
Sri Lanka not doing enough to communicate reforms to masses: World Bank
September 27, 2006 (LBO) – Sri Lanka is not doing enough to communicate reforms to the masses, making it difficult for investors to do business here, the World Bank said Wednesday. “Our studies have shown that countries that embrace reforms, reduces taxes, brings businesses and workers into the formal sector. People benefit from jobs, pension […]
‘s Central Bank takes the lid off short term rates; cash markets in shock
September 26, 2006 (LBO) — In a major policy shift, Sri Lanka’s central bank Tuesday allowed the rate at which it injects overnight cash, to move above its policy rate, sending shockwaves through the country’s money markets.However since April the government has raised fuel prices which helps strengthen the fiscal side and in turn reduce […]
Seamless Solutions
September 26, 2006 (LBO) – Cisco Systems, the world’s leading supplier of network equipment and solutions, hopes to double its sales in Sri Lanka as local banks and telcos keep pace with IT trends. Having earlier serviced Sri Lanka as an extension of its Indian operation, Cisco now has a fully fledged office here, after […]
Wide Choice
Sept 26, 2006 (LBO) – Japanese telco NEC Tuesday inked a deal with Sri Lanka’s Steuartel (Pvt) Ltd to sell its cellular handsets in the local market. “We hope to cater to the medium and the high end market with phone units made in Japan. Phones at entry level will be priced at 11,900 rupees […]
Mine blast kills airman in Sri Lanka
Sept 26, 2006 (AFP) – An airman was killed and another wounded in northern Sri Lanka on Tuesday when a mine blew up as they underwent routine physical training exercises, the defence ministry said. More than 60,000 people have died since the rebellion began in 1972. The Claymore mine exploded in the district of Vavuniya, […]