Author: lbostgadmin
UN chief slams Tamil Tiger terror attacks
UNITED NATIONS, Jan 16, 2008 (AFP) – UN chief Ban Ki-moon strongly condemned the “indiscriminate attacks” which left dozens of people dead or injured in southern Sri Lanka and urged the rival sides to strive for a peaceful negotiated settlement. “The Secretary General strongly condemns the indiscriminate attacks in the southeast of Sri Lanka today […]
Sri Lanka jets bomb Tiger hideout: military
Jan 17, 2007 (LBO) — Sri Lanka Air Force jets have bombed a meeting place of Tiger leaders in the northern guerilla stronghold of Kilinochchi Thursday, the military said. The defence ministry said the target was a gathering of “senior leaders’ at Jayapoor near Kilinochchi at 09.30 am. Yesterday the guerillas blasted a bus and […]
Kenya crisis hits tea hard
NAIROBI, Jan 17, 2008 (AFP) – Tea is a casualty of the turmoil sparked by disputed presidential elections in Kenya, with thousands of workers forced to flee plantations in one of the world’s top exporters, industry sources say. Between 26,000 and 70,000 tea sector employees from the western region of Kericho, where Kenya’s main plantations […]
Maldives nab foreigners for prostitution
January 17, 2006 (LBO) — Five foreigners have been arrested in the Indian Ocean Island of Maldives for allegedly offering commercial sex and having lubricants and condoms on them, police said Thursday.“Three men and two women were arrested Tuesday midnight on a tip off from a house in Male,” police spokesman Sergeant Ahmed Shiyam said […]
‘s Mihin charts flight path for 2008: interview
Jan 17, 2008 (LBO) – Sri Lanka’s state owned budget carrier Mihin Air is promising better results this year after burning up its capital and clocking up a 1.4 billion rupee loss in the first year of operations. In a wide ranging interview with Shamindra Kulamannage from ETV’s Lanka Business Report (LBR) program Mihin chief […]
Fibre Rail
Jan 17, 2007 (LBO) – Sri Lanka will invite a private operator to build an optical fibre backbone in partnership with the state-owned railway system, a senior minister said. Sri Lanka’s transport ministry which runs the railways department had been given approval to start looking for a telecom operator to lease the country’s 1,200 kilometres […]
Terror Funding
Jan 17, 2007 (LBO) – Sri Lanka’s Financial Intelligence Unit (FIU) set up under the Central Bank to combat money laundering and terrorist financing should be more independent, the International Monetary Fund (IMF) has said. Sri Lankan authorities should ensure that the FIU should be given operational independence to ensure freedom from undue influence or […]
New Buildings
Jan 17, 2008 (LBO) – Sri Lanka’s Mercantile Shipping Company Ltd. is acquiring two newly built cargo ships as part of efforts to renew its fleet, company officials said. The company has signed an agreement with the Dutch government for a ship building grant for the two multi-purpose vessels each of 7,800 tonnes deadweight. The […]
Sri Lankan stocks edge lower as trading dries up
Jan 17, 2007 (LBO) – Sri Lankan stocks fell again Thursday but not as sharply as yesterday with trading drying up even further as investors remained cautious owing to continuing violence, brokers said.The All Share Price Index fell 3.28 points or 0.14 percent to close at 2,378.88, while the more liquid Milanka index shed 3.23 […]
Sri Lanka trade gap up in November
Jan 16, 2007 (LBO) — Sri Lanka’s trade gap widened 66 percent in November 2007 to 418 million dollars as exports dipped, but the deficit for the first 11 months was flat, the Central Bank said. Exports in November fell 5.1 percent with industrial exports dipping 13.8 percent. “This decline in export earnings could be […]
Hi Tech
Jan 16, 2008 (LBO) — Sri Lanka’s downstream petroleum sector is moving to SAP enterprise resources planning software, which will be implemented by the Indian Oil Corporation, officials said.The 350 million Sri Lanka rupee project will see Ceylon Petroleum Storage Terminals Ltd (CPSTL), a common user facility, running the software, with Ceylon Petroleum Corporation (CPC) […]
Sri Lanka passenger bus caught in blast: military
Jan 16, 2007 (LBO) — A public passenger bus has been caught in a blast Wednesday morning in Sri Lanka’s Moneragala district, the defence ministry said as a ceasefire with the Tamil Tigers officially drew to a close.A ceasefire with the Tamil Tigers struck in 2002 officially ends today after the Sri Lanka gave notice […]