All Blogs
Mortar attacks as Sri Lanka troops dig in near key port
TRINCOMALEE, Sri Lanka, Sept 5, 2006 (AFP) – Security forces and Tamil Tiger rebels traded mortar bomb attacks in this Sri Lankan port district Tuesday, a day after the military captured a nearby rebel artillery base. The rebels accused the military of sparking the latest fighting and said their forces were still holding Sampur’s eastern […]
Troops secure town captured from Tiger control in eastern Sri Lanka
Sept 5 (AFP) – Hundreds of Sri Lankan troops worked Tuesday to clear mines and booby-trapped devices from a town they captured from Tamil Tiger guerrillas after weeks of fighting, military officials said. Fighting in Sri Lanka has intensified since December, shattering hopes for the ceasefire to continue and leaving more than 1,500 dead, according […]
Common Issues
Sep 04, (LBO) – Finance ministers of commonwealth countries will try to find ways to improve aid delivery to developing countries and made aid more effective, when they meet in Colombo next week, host country Sri Lanka said. Delegates from 53 Commonwealth countries, led by prime ministers and finance ministers will meet in Colombo from […]
Charity Probe
Sep 04, (LBO) – Sri Lanka’s central bank, which froze the bank accounts of a charity operating in the country’s North and East areas said Monday, following raids on the organization’s overseas offices and arrests of persons connected to it raised doubts about the use funds. TRO said it was willing to ˜assist and fully […]
Good Returns
September 04, 2006 (LBO) – The Distilleries Group is in talks to increase their equity stake in its fund management unit National Asset Management Ltd or NAMAL. Stassens, recently gave a billion rupees of its funds for NAMAL to manage. Healthy competition is good for both fund management companies, Fernando said referring to Aegis and […]
Joining Forces
Sept 04 (LBO) – NDB Bank said Monday that it had picked up a balance 70 percent stake in NDB Housing Bank, following Central Bank approval. NDB Bank held a 30 percent stake in the housing loan subsidiary, with the balance held by International Finance Corporation (IFC) and Housing Development Finance Corporation of India (HDFC […]
Bollywood looks abroad for special effects to spice films
MUMBAI, Sept 4, 2006 (AFP) – Bollywood is bucking a global trend of outsourcing technical film work to India by using experts from abroad to provide special effects for increasingly demanding audiences, the industry said Monday. Studios with large company backing and aggressive directors are behind the trend that has led to most of the […]
Sri Lanka troops capture Tiger town: minister
Sept 4 (AFP) – Sri Lankan troops Monday captured an eastern coastal town used by Tiger rebels to launch artillery attacks against the strategic naval port of Trincomalee, a government minister told AFP.Security forces moved into Sampur, 10 kilometers (six miles) across the Koddiya Bay from the Trincomalee naval and air complex, with hardly any […]
President capture of key Tiger controlled town will not lead to all out war
Sept 4 (AFP) – Sri Lankan troops Monday captured a town used by Tiger rebels to launch artillery against the key naval port of Trincomalee, but President Mahinda Rajapakse said the victory would not lead to all-out war. Security forces have moved into Sampur, 10 kilometers (six miles) across the Koddiya Bay from the Trincomalee […]
Bigger Bills
Sept 04 (LBO) – Ceylon Petroleum Corporation said Monday that it would jack up fuel prices with effect from midnight Monday, to offset losses made by the state utility. Petrol will go up by Rs. 5.00 a litre to 101 rupees, diesel by Rs.3.00 to Rs. 67.00 a litre and kerosene, largely used by rural […]