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Norway reaffirms Sri Lanka peace broker role
STOCKHOLM, June 10, 2006 (AFP) – Norway said Saturday it would continue to act as peace broker between Sri Lanka and Tamil Tiger rebels despite the recent breakdown in talks between the two sides, which had thrown its role into doubt. The rebels on Thursday aborted a two-day meeting in Oslo with Colombo representatives arranged […]
Slow Trot
June 10, 2006 (LBO) – Sri Lanka raise fuel prices from midnight Saturday after a two-month lag to offset a surge in global oil prices, a top official said. Sri Lankan guzzles around 30 million litres of petrol, 130 million litres of diesel and 18 million litres of kerosene each month. -by Mel Gunasekera The […]
Zimbabwe’s inflation rate soars to new high
HARARE, June 9, 2006 (AFP) – The inflation rate in economically-ravaged Zimbabwe soared to a new record high of 1,193.5 percent for May, officials said on Friday, with economists predicting even higher rates in the coming months. “The year-on-year rate of inflation in May 2006 was 1,193.5 percent, gaining 150.6 percentage points on the April […]
Sri Lanka shelves plans for medium-term sovereign bond
June 9, 2006 (LBO) – Sri Lanka has shelved plans to raise up to a billion dollars and fall back on smaller tranches, with shorter maturities, a senior treasury official said Friday. The government was hoping to float a 7 to 10-year, sovereign bond to pay off about 300 million dollars of bonds owed to […]
Sri Lanka in talks with Russia to lower tea import duties
June 09 (LBO) – Sri Lanka is in talks with Russia to lower import duties on tea, as Russia begins freeing up trade in a bid to enter the World Trade Organisation (WTO). Russia, Sri Lanka’s largest market for tea, has offered to lower tariffs of 20 percent on value added black and green tea exports […]
Last Resort
June 9, 2006 (LBO) – Sri Lanka’s CBNSat a local cable television operator — is appealing to customers to be patient while they engage in a court battle aimed at re-starting operations. Sleuths from the criminal investigation department switched off the equipment at CBNSat’s affiliate company SonicNet technology, bringing its activities to a halt. The […]
‘s inflation rate soars to new high
HARARE, June 9, 2006 (AFP) – The inflation rate in economically-ravaged Zimbabwe soared to a new record high of 1,193.5 percent for May, officials said on Friday, with economists predicting even higher rates in the coming months. “The year-on-year rate of inflation in May 2006 was 1,193.5 percent, gaining 150.6 percentage points on the April […]
Sri Lanka attacks peace monitors over truce report
June 9, 2006 (AFP) – Sri Lanka’s government, under pressure for allegedly backing a breakaway Tamil rebel faction, on Friday accused Scandinavian truce monitors of partiality and said they lacked professionalism.The government in a four-page statement lambasted the Sri Lanka Monitoring Mission (SLMM) and also accused its chief, Swedish army Major General Ulf Henricsson, of […]
Norway points finger at EU for Sri Lanka talks breakdown
OSLO, June 9, 2006 (AFP) – Norway on Friday blamed the European Union for contributing to a breakdown in talks between Sri Lanka and Tamil Tigers which has thrown the question of further Norwegian mediation wide open.The rebels on Thursday aborted a two-day meeting in Oslo with Colombo representatives arranged by Norway to discuss the […]
Norway puts Sri Lanka on notice amid fresh war fears
June 9, 2006 (AFP) – Norway was reconsidering its peacebroker role Friday as Tiger rebels aborted talks and demanded the removal of ceasefire monitors from European Union member states.On Thursday, at least 19 people were reported killed across the troubled northern and eastern regions, pushing the death toll since December to more than 680. The […]