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Infrastructure: Back to basics?
Apr.13 (LBO) – In the famous five classes that the JVP used for recruitment in the years before the first insurrection of 1971, a story was told about tea. It was mostly false, but it was a simple, good and persuasive story. The story was that the imperialists forcibly displaced upcountry Sinhala villagers to make […]
Infrastructure: Back to basics?
Apr.13 (LBO) – In the famous five classes that the JVP used for recruitment in the years before the first insurrection of 1971, a story was told about tea. It was mostly false, but it was a simple, good and persuasive story. The story was that the imperialists forcibly displaced upcountry Sinhala villagers to make […]
Sri Lanka accuses rebels of targeting civilians
Apr.13 (AFP) – Tamil Tiger rebels have begun targeting civilians with a bomb attack on a crowded market that killed 17 people, the Sri Lankan government charged Thursday in a fresh battering for peace hopes.Government spokesman Rohitha Bogollegama said the rebel Liberation Tigers of Tamil Eelam (LTTE) hit the main vegetable market in Trincomalee on […]
Sri Lanka Tigers seek to postpone Swiss talks
Apr.13 (AFP) – Sri Lanka’s Tamil Tiger rebels Thursday called for a postponement of ceasefire talks scheduled for next week in Switzerland amid an upsurge in violence that has killed 38 people this week.The Liberation Tigers of Tamil Eelam (LTTE) said the three-day talks due to start next Wednesday cannot go ahead and they want […]
Sri Lanka extends curfew after bloodshed
Apr.13 (AFP) – Police extended a night curfew in Sri Lanka’s northeastern port district of Trincomalee on Thursday, a day after a bomb blast at a vegetable market killed 17 people, officials said.Heavily armed security forces patrolled the streets after rioting that followed the bomb attack, police said, adding that investigations suggested that Tiger rebels […]
Sri Lanka’s Central Bank maintained policy rates for the fourth straight month
Apr.12 (LBO) – Sri Lanka’s Central Bank Wednesday maintained policy rates for the fourth straight month as they are comfortable with economic expansion, though private sector credit demand has not shown signs of abating. The repurchase rate, which drains the money from the banking system, stays at 8.75 percent, while the reverse repurchase rate remains […]
‘s Central Bank maintained policy rates for the fourth straight month
Apr.12 (LBO) – Sri Lanka’s Central Bank Wednesday maintained policy rates for the fourth straight month as they are comfortable with economic expansion, though private sector credit demand has not shown signs of abating. The repurchase rate, which drains the money from the banking system, stays at 8.75 percent, while the reverse repurchase rate remains […]
Tax Ceiling
Apr.12 (LBO) – Sri Lankan banks have asked the government to consider imposing a lower tax on credit card transactions, as the new stamp duty will discourage people from using the formal banking system, an official said. Starting April 4, the government is charging one percent or Rs10 for every Rs1000 spent on a credit […]
Sri Lanka truce monitors to meet LTTE after latest attacks in Trincomalee
Apr.12 (LBO) – Sri Lanka’s ceasefire monitors are due to meet with Tamil Tiger rebels on Thursday after four blasts since Monday have killed 34 people, dimming hopes that the next weeks talks in Geneva may not get off the ground. A bomb fixed to a bicycle exploded in Trincomalee market Wednesday killing 13 people […]
Market bomb kills 13, dims peace hopes in Sri Lanka
Apr. 12 (AFP) – A bomb ripped through a vegetable market in northeastern Sri Lanka on Wednesday, killing 13 people in the latest of a series of blasts which have cast a cloud over upcoming peace talks.At least 50 other people were injured in the port town of Trincomalee when a bomb fixed to a […]