All Blogs
ICRC says relief effort fails in Sri Lanka
Aug 4, 2006 (AFP) – The International Committee of the Red Cross said Friday it had failed to get relief to thousands of civilians trapped by fierce fighting between Sri Lankan forces and Tamil Tiger rebels.“We have not been able to achieve the humanitarian corridor we wanted to establish for us to move freely and […]
26 killed in battle for Sri Lanka town
Aug 4, 2006 (AFP) – Five Muslim civilians were killed in shell attacks in the Sri Lankan town of Muttur Friday, raising the death toll from clashes between the army and Tamil rebels to 26, a Muslim legislator said.The attack on a school came despite appeals to both the government and Tamil Tiger rebels to […]
Norway in talks to save Sri Lanka from full-scale war, Muslims flee
Aug 4, 2006 (AFP) – Norway launched high-level talks Friday in a bid to pull Sri Lanka back from all-out war as thousands of Muslims fled the bloodiest fighting in four years that has claimed nearly 170 lives.Peace broker Oslo sent special envoy Jon Hanssen-Bauer who immediately went in for talks with Prime Minister Ratnasiri […]
‘s Jan-June trade deficit widens sharply on oil
August 4, 2006 (LBO) – Sri Lanka’s trade deficit expanded 48.0 percent to 1,793 million dollars for the six months to June, compared with the same period 2005, the central bank said Friday, as the island spent more to import fuel. From January-June, the island imported 4,955 million dollars worth of goods, up 20.3 percent […]
Corporate Chase
August 3, 2006 (LBO) — Sri Lanka’s Bank of Ceylon, a state-owned bank which is heavily involved in financing the government, is targeting corporate clients with its computerisation plan nearing completion.Unlike the private commercial banks which went on-line much earlier, the state owned giant with a large branch network spread into the far corners of […]
‘s tea crop falls short in June
August 3, 2006 (LBO) – Sri Lanka’s tea output dipped 2.0 percent for the six months to June, after good rainfall brought in a record harvest in 2005, a commodity broker said Thursday. Total production in June slipped 10.7 percent to 26.24 million kilos over the same period 2005, led by a 20.7 percent drop in […]
Winning Round
Aug 03 (LBO) – Sealed cable television company CBNSat said Thursday that they had won a court order for a two week test transmission and to service its broadcast equipment. At a court hearing held on August 3, the Chief Justice ordered the relevant authorities to take necessary measures to remove the seals from equipment […]
Tie-breaker
August 03, 2006 (LBO) – Sri Lanka and India made a breakthrough in crisis talks held this week to resume duty free exports of vanaspati oil to India. The new terms will have to be approved by Sri Lanka™s Cabinet, but the commerce ministry is in agreement, Ratnayake says, adding that the terms are reasonable. […]
Hidden Surprise
August 3, 2006 (LBO) – Sri Lanka Telecom is expecting a 75 percent rise in full-year net profits as its cellular subsidiary makes a quick turnaround, which helps off-set sudden costs to trim its workforce, officials said Thursday. Mobitel, the firm’s cellular subsidiary, is turning the corner, after narrowing down six month losses to 190 […]
Political memoir sparks nuclear spy chase in India
NEW DELHI, Aug 3, 2006 (AFP) – In India’s rough and tumble political world he was always the “gentleman politician”. But now, former foreign minister Jaswant Singh stands accused of sparking a spy chase that has gripped India in a bid to boost sales of his just-released memoirs “A Call to Honour”. The book has […]