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Security in Sri Lanka capital stepped up
Aug 15 (AFP) – Sri Lanka Tuesday stepped up security in Colombo after an unprecedented bomb attack on a diplomat, while all schools were shut amid fears of Tamil Tiger reprisals for an air raid that killed dozens of children. Police said new parking restrictions were put in place in the capital after a Claymore […]
Dollar bonds find favour in Sri Lanka as war jitters hit stocks
August 14 (LBO) – The oversubscription of a dollar bond issue was a reflection of the investor confidence in Sri Lanka government gilts, the country’s public debt office said in a statement Monday, as stocks lost ground over war jitters.The 3-year bond issue was more than twice oversubscribed when bids closed on August 11th. “The […]
Treasury in talks with ADB to structure donor backed bonds for plantations
August 14 (LBO) – Sri Lanka is in talks with the Asian Development Bank to structure donor backed bonds to encourage private investment into the plantation sector, top officials said Monday. “We are talking to the Asian Development Bank to see if long term bonds guaranteed by foreign funding can be worked out for the plantation […]
One Passenger
The first sale of a license to operate a taxi service, through a call option, ended with no competitive bidding as only one buyer came forward, raising doubts about the demand for the other licenses to be auctioned over the next eight days. Senok Trade Combine was the only bidder at Monday™s auction where a […]
Indian chosen to head Pepsico
NEW YORK, Aug 14, 2006 (AFP) – Global beverages giant PepsiCo Monday named Indra Nooyi as its new chief executive, capping a rapid rise to the highest ranks of corporate America for the Indian-born woman. Nooyi, 50, will succeed the 58-year-old Steve Reinemund on October 1st, although Reinemund will keep working for the company until […]
” attack kills 61
COLOMBO, Aug 14, 2006 (AFP) – Pakistan’s top envoy escaped a mine blast which killed seven people here Monday as Tamil Tiger rebels accused Sri Lanka of bombing an orphanage and killing 61 amid ferocious battles elsewhere. The intense fighting cut off Jaffna, where residents were fleeing the violence and were displaced within the peninsula, […]
‘s capital Colombo
Aug 14 – (LBO) A powerful blast ripped through the Colombo suburb of Kollupitya Killing seven people including military officials, residents and police said.At least four of the dead appear to be military officials, hospital sources said. The Police Special Task spokesman told a local television station that a car bomb in a 3-wheeler had […]
Air strike death toll rise in Sri Lanka: Tigers
COLOMBO, Aug 14, 2006 (AFP) – Tamil Tiger guerrillas said Monday that 61 schoolgirls at an orphanage and 15 civilians huddled in a church have been killed in air and artillery attacks by Sri Lanka’s military.Air force jets hit a “Senchcholai”, an orphanage run by the Liberation Tigers of Tamil Eelam (LTTE), in the northeastern […]
‘s Jaffna peninsula
COLOMBO, Aug 14, 2006 (AFP) – Heavy close-range fighting erupted in Sri Lanka’s besieged northern Jaffna peninsula on Monday after two days of shelling, officials said, a day after fresh peace moves were shot down.The rebel Liberation Tigers of Tamil Eelam (LTTE) were using human waves to pound army defence lines in the peninsula, an […]
Wounded Sri Lanka soldiers wow to fight on
ANURADHAPURA, Sri Lanka, Aug 14, 2006 (AFP) – Lying wounded at a Sri Lankan hospital near an airforce base, Sergeant W.D. Anand is upset the government may renew peace talks with Tamil rebels after fierce battles that cut down many of his men.“I don’t know what they are saying in Colombo. We just want to […]