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TOKYO, June 13, 2006 (AFP) – International accounting giant PricewaterhouseCoopers set up a new firm in Japan on Tuesday after its Japanese partner came under fire over financial fraud.PricewaterhouseCoopers Arata will begin operations from July 1 to service both domestic and international companies in Japan, the US-based company said in a statement. The establishment came […]
Strike against higher fuel prices halts transport across India
NEW DELHI, June 13, 2006 (AFP) – Trucks, buses and some train services were halted Tuesday as part of a nationwide one-day strike against the government’s hike last week in fuel prices, reports said.In the capital New Delhi, hundreds of protesters waved placards and shouted slogans near the parliament while others burnt an effigy of […]
Bomb hoax halts traffic in Colombo
June 13, 2006 (AFP) – Traffic was held up along a highway in Sri Lanka’s main city of Colombo Tuesday following a bomb hoax, police said. An anonymous caller had warned of a bomb at a state bank building in the city but a search turned up nothing, a police official here said. Last month, […]
Sri Lanka’s Central Bank likely to freeze main interest rates
June 12, 2006 (LBO) — Sri Lanka’s central bank is likely to keep its benchmark interest rates unchanged for the sixth month in a row, preferring a wait-and-see policy over the economy amid deteriorating security situation and a gradual rise in inflation. “There is at the present time no room for a Norwegian initiative in […]
Sri Lanka accuses Tigers of ‘intransigence’
OSLO, June 12, 2006 (AFP) – Sri Lankan Foreign Minister Mangala Samaraweera on Monday accused the rebel Liberation Tigers of Tamil Eelam (LTTE) of intransigence after the recent breakdown in talks between the two sides.The rebels on Thursday aborted a two-day meeting in Oslo with Colombo representatives arranged by Norway to discuss the safety of […]
Sri Lanka’s new air chief follows in father’s flight path
June 12, 2006 (AFP) – Air Vice Marshal Roshan Goonetileke took command of Sri Lanka’s air force Monday, 25 years after his father retired from the post.Goonetileke, 50, inspected an honour guard before being handed the command at a ceremony in Colombo. Among those attending was Goonetileke’s father, retired air vice marshal Harry Goonetileke, 76, […]
‘s Central Bank likely to freeze main interest rates
June 12, 2006 (LBO) — Sri Lanka’s central bank is likely to keep its benchmark interest rates unchanged for the sixth month in a row, preferring a wait-and-see policy over the economy amid deteriorating security situation and a gradual rise in inflation. “There is at the present time no room for a Norwegian initiative in […]
Bad weather, strong demand to keep rubber prices up this week
June 12 (LBO) – Rubber prices in Sri Lanka are expected to stay strong this week as bad weather and a resulting supply crunch drive prices upwards, brokers say.Annual monsoon rains until August is affecting tapping on plantations, with supplies usually falling by as much as fifty percent at this time of the year. Brokers […]
Mine blast kills soldier in Sri Lanka
June 12, 2006 (AFP) – One soldier was killed and five civilians wounded Monday in two mine blasts in northern Sri Lanka as troops exchanged fire with Tamil Tiger rebels, the military said.More than 60,000 people have been killed in Sri Lanka’s drawn out Tamil separatist conflict in the past three decades.The soldier was killed […]
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OSLO, June 12, 2006 (AFP) – Sri Lankan Foreign Minister Mangala Samaraweera on Monday accused the rebel Liberation Tigers of Tamil Eelam (LTTE) of intransigence after the recent breakdown in talks between the two sides.The rebels on Thursday aborted a two-day meeting in Oslo with Colombo representatives arranged by Norway to discuss the safety of […]