Author: lbostgadmin
UN calls for pause in Sri Lanka fighting to allow aid in
GENEVA, April 17, 2009 (AFP) – The United Nations on Friday renewed its call for a pause in fighting between Tamil Tiger rebels and government troops in order to allow civilians trapped by the conflict to flee.“UNICEF is calling for a ceasefire and for a humanitarian pause which allows humanitarian workers to access the conflict […]
US to give Pakistan one bln dlrs in aid
TOKYO, April 17, 2009 (AFP) – The United States will give Pakistan one billion dollars in aid over two years, the US envoy Richard Holbrooke announced Friday as an international donors’ conference opened in Tokyo. Holbrooke “announced the United States’ intent to provide support to the government of Pakistan totalling one billion dollars over a […]
Pay Back
April 17, 2009 (LBO) – The pay TV business of Sri Lanka’s Dialog Telekom group will take time to become profitable, with break even estimated at around 250,000 customers, its chief executive Hans Wijayasuriya said. Losses in the pay TV business of the company, a unit of Telekom Malaysia, contributed to an annual group loss […]
Convicted
LONDON, April 17, 2009 (AFP) – A London court convicted a man described as the head of the Tamil Tigers in Britain on two terror-linked charges Friday, including supplying bomb-making equipment to the Sri Lankan group. Arunachalam Chrishanthakumar, 52, was found guilty of coordinating supplies of material to the Liberation Tigers of Tamil Eelam (LTTE). […]
Sri Lanka shares close up 1.9-pct; rupee weakens
Apr 17, 2009 (LBO) – Sri Lankan shares closed up 1.9 percent Friday, supported by retail interest on large cap stocks, while the rupee weakened to 116.00 levels of state bank buying, dealers said. The rupee closed 116.05/15 against the US dollar, after opening stronger at 115.75/80 levels. State banks were on the buying side […]
Sri Lanka looks to raise US$500mn abroad
April 17, 2009 (LBO) – Sri Lanka is looking to raise 500 million dollars from international markets when conditions turn more favourable, while rolling over about 300 million dollars more in maturing dollar debt in 2009, an official said. Global financial markets have turned risk averse compared to two years ago when Sri Lanka sold […]
Sri Lanka central bank makes Rs22bn forex loss
Apr 16, 2009 (LBO) – Sri Lanka’s central bank, which has a monopoly on money issue in the island, has made a 5.04 billion rupee loss in 2008, badly hit by a 22.8 billion rupee forex loss, despite running a dollar peg which has to be backed by US assets. The process reversed thereafter, as […]
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LONDON, April 15, 2009 (AFP) – The British and French foreign ministers said Wednesday that Tamil Tiger rebels in Sri Lanka are using civilians as human shields, which was preventing them from leaving the conflict zone. Miliband and Kouchner urged both sides to abide by their obligations under international humanitarian law and to do everything […]
Hurting Sri Lankans happy to be back in action
April 16, 2009 (AFP) – Sri Lankan cricketers will be wary, changed men when they line-up at the IPL, their first foreign assignment since they were caught up in the bloodbath of Lahore. On March 3, gunmen attacked the Sri Lankan team bus en route for the third day of the second Test against Pakistan […]
SIA says passenger numbers dived in March
SINGAPORE, April 16, 2009 (AFP) – Singapore Airlines (SIA) said on Thursday that passenger numbers plummeted in March as the global downturn continues to weigh on travel demand. The carrier, majority owned by Singapore sovereign wealth fund Temasek Holdings, reported a 42.8 percent fall in net profit in the third quarter to December, to 337 […]
Sri Lanka advances on Tigers amid international pressure
April 16, 2009 (AFP) – Sri Lanka said Thursday it had made fresh advances into the area still held by Tamil Tiger rebels, ignoring global calls for a truce to rescue thousands of civilians trapped by the fighting. Arguing the civilians were being used as a human shield, the island’s defence ministry said its forces […]
India begins voting in marathon election
NEW DELHI, April 16, 2009 (AFP) – Indians voted in their tens of millions Thursday as month-long general elections — the world’s largest democratic exercise — kicked off with little hope of a clear winner at the end of it all.From the southern tropical state of Kerala to the Himalayan foothills of Kashmir in the […]