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June 26, 2006 (LBO) – Singer (Sri Lanka) Ltd secured a A+(lka) ratings for their upcoming four-year 600 million rupee debenture from Fitch Ratings Lanka, the rating agency said Monday. Fitch also affirmed Singer’s outstanding debentures: • 200 million rupees 2004/2008 • 250 million rupees 2004/2008 • 300 million rupees 2005/2009 • 400 million rupees […]
Kenya expects 2006 tea production to drop more than 10 percent
NAIROBI, June 26, 2006 (AFP) – Kenyan tea production dipped in May and is expected to fall between 10 and 16 percent in 2006 compared with a year earlier due to less rainfall and the lingering effects of a just-ended drought, officials said Monday. The Tea Board of Kenya (TBK) said May output dropped by […]
Cable Guys
June 26, 2006 (LBO) – Sri Lanka Monday asked satellite television broadcasters to get themselves registered and fixed an annual fee of 500,000 rupees. The Telecommunications Regulatory Commission said cable distribution networks and satellite communications networks have to apply by July 21, 2006 to secure a license. It applies to all satellite or cable television […]
”’Clock
NEW DELHI, June 26, 2006 (AFP) – India’s largest coffee producer, Tata Coffee Ltd. said Monday it signed a deal to buy U.S.-based Eight O’Clock Co. from Gryphon Investors for 220 million dollars. “This acquisition is a strategic fit with our growth plans and helps Tata Coffee in attaining its objective to become an international […]
‘s favorite killing machine for next 20 years — report
UNITED NATIONS, June 26, 2006 (AFP) – The Kalashnikov assault rifle will remain the world’s favorite killing machine in conflict zones for at least the next 20 years because its production is poorly regulated, a report released here Monday said. Up to 70 million AK-47s and variations of its design are in circulation around the […]
Sri Lanka announces tighter security after suicide bombing
June 26, 2006 (AFP) – Sri Lanka’s military Monday announced it will bring back tighter security measures across the country following the assassination of a top army general by a suspected Tamil Tiger suicide bomber. Security forces will re-activate all measures that were in place before the February 2002 ceasefire between the government and the […]
Norway reiterates commitment to Sri Lanka peace process
OSLO, June 26, 2006 (AFP) – Norway is determined to continue its mediation efforts in Sri Lanka despite a flare-up in violence on the island and uncertainty about the role of Nordic peace observers, Norwegian officials said on Monday. “Norway remains committed to Sri Lanka, in good times and bad times,” Norway’s special envoy to […]
Catholics call for peace after suicide bombing in Sri Lanka
June 26, 2006 (AFP) – The Roman Catholic church opened a meeting here Monday, calling for peace in embattled Sri Lanka hours after a suspected Tamil Tiger suicide bomber killed himself and four others, including a top army general.Caritas, the social development arm of the church, urged the government and Tiger rebels to honor their […]
Tigers warn of war if Norway quits peace process
June 26, 2006 (AFP) – Tamil Tiger guerrillas Monday warned that Sri Lanka would descend into full-scale war if peace broker Norway quit, as the killing of a top army general ended a week-long lull in violence. Tiger political wing leader S. P. Thamilselvan told the tamilnet.com website that war would be “unavoidable” if Norway […]
Hospital warned before Sri Lanka blast
June 26, 2006 (AFP) – Sri Lanka’s main hospital here received an anonymous warning phone call shortly before the assassination of a top army general Monday, a spokeswoman said. The caller, who spoke in halting Sinhalese, said hospital staff would carry out a “superior job” and that the hospital would have “more work than usual,” […]