All Blogs
Sri Lanka army, rebels in new clash
Aug 2, 2006 (AFP)- Tamil Tiger rebels and Sri Lankan forces traded heavy artillery and mortar bomb fire in a two-hour clash Wednesday that left at least 20 civilians wounded, officials and doctors said.The battle in the northeast of the island nation marked the eighth day of heavy fighting between the two sides for control […]
Mortar bomb hits Sri Lanka hospital
Aug 2, 2006 (AFP) – At least one employee was killed when a shell hit a government hospital in northeastern Sri Lanka Wednesday during an artillery duel between troops and Tamil Tigers, officials said.The main hospital in Muttur was hit early Wednesday, killing an employee and wounding several others, a hospital source in the nearby […]
Tigers hit Sri lanka’s main naval port as battle for canal heats up
Aug 1, 2006 (AFP) – Tiger rebels shelled Sri Lanka’s main navy base Tuesday, killing four sailors and wounding 30, while warplanes bombed guerrilla positions as a bloody battle for a disputed waterway entered a seventh day. The rebel Liberation Tigers of Tamil Eelam (LTTE) used 122-millimeter artillery to target the base at Trincomalee as […]
” rating
August 01, 2006 (LBO) – Fitch Ratings Lanka Tuesday assigned a ‘BBB (lka)’ to Merchant Credit of Sri Lanka for their long-term debt and said the company should pump in more money to beef up their capital base.With 2.2 billion rupees in assets as at December ’05, Merchant Credit’s ownership is split between Bank of […]
Common Understanding
August 01, 2006 (LBO) – Sri Lanka has agreed to extend ˜national treatment™ to Indian banks and allow them to employ up to six expatriate staff, when both sides met for bilateral trade talks recently, an official said. Sri Lanka currently caps expatriate staff to three and that only at management level of banks. Four […]
Central banks target rising inflation with interest rate hikes
PARIS, Aug 1, 2006 (AFP) – Vigorous economic growth and signs of inflation are drawing central banks into the US Federal Reserve’s footsteps on the path towards higher interest rates, marking the end of cheap money. Almost the entire global economy is facing the same combination, and alarms have begun to ring among monetary authorities […]
First orders at the Great British Beer Festival
LONDON, Aug 1, 2006 (AFP) – The Great British Beer Festival served the first of an estimated 300,000 weird and wonderful pints from across the globe Tuesday as a London exhibition hall was transformed into the biggest pub in the world.More than 700 different real ales, ciders, perries, and bottled beers are available for tasting […]
Clouds over free trade deal as South Asian foreign ministers meet
DHAKA, Aug 1, 2006 (AFP) – South Asian foreign ministers started a two-day meeting in the Bangladesh capital Tuesday amid gathering clouds over the future of a regional free trade deal. The foreign ministers of the seven South Asian Association for Regional Cooperation (SAARC) nations would try to thrash out a dispute over tariff concessions, […]
‘s main naval port as battle for canal heats up
Aug 1, 2006 (AFP) – Tiger rebels shelled Sri Lanka’s main navy base Tuesday, killing four sailors and wounding 30, while warplanes bombed guerrilla positions as a bloody battle for a disputed waterway entered a seventh day. The rebel Liberation Tigers of Tamil Eelam (LTTE) used 122-millimeter artillery to target the base at Trincomalee as […]
Hawks calling the shots in Sri Lanka: analysts
Aug 1, 2006 (AFP) – Sri Lanka’s ordering in of war planes and artillery to open a minor irrigation canal blocked by Tiger rebels is an over-reaction and a sign hawks are calling the shots, analysts said Tuesday. “Water is the life blood and very important, but could this not have been settled through negotiations […]