Author: lbostgadmin
Sri Lanka bus bombing kills at least 20
Jan 16, 2008 (AFP) – Twenty people were killed and many others injured Wednesday in a suspected Tamil Tiger bomb attack on a crowded bus in southwest Sri Lanka, as a ceasefire with the Tigers officially drew to a close, officials said.“At least 20 people have been killed and several are injured.It was a state-run […]
Sri Lanka Tigers kill 26 civilians in bus attack
Jan 16, 2007 (LBO) – A roadside bomb killed 26 people traveling in a bus in southeastern Sri Lanka while three soldiers were injured from a second bomb targeting a military vehicle Wednesday as a truce with Tamil Tigers officially ended, police said Civilians wounded in the attack on the bus which was packed with […]
Sri Lanka terror attacks on civilians condemned
Jan 16, 2008 (LBO) – Tamil Tiger attacks which killed at least 28 civilians in south-eastern Sri Lanka Wednesday were condemned by the government as well as the United States. Sri Lankan President Mahinda Rajapaksa, in a statement, condemned the attacks and called on the people to be vigilant “in the face of provocation by […]
British bank Northern Rock looking for suitors after defeating rebel shareholders
LONDON, Jan 15, 2008 (AFP) – Northern Rock, the British bank almost sunk by the global credit crunch, on Tuesday defeated most of the plans by rebel shareholders to limit management’s ability to sell the group without consulting investors. However, the Financial Times on Tuesday reported that Brown would not be forced into making a […]
Bus Blast III
Jan 16, 2007 (LBO) — A roadside bomb in southeastern Sri Lanka that targeted a passenger bus had killed 23 and injured 67, the defence ministry said Wednesday, as a ceasefire with the Tamil Tigers officially drew to a close.The bus was traveling from the town of Buttala to Okkampitiya, an area bordering the Eastern […]
Bloody Day
Jan 16, 2007 (LBO) – Two attacks on civilians in southeastern Sri Lanka left 28 people dead as a truce with Tamil Tigers ended Wednesday, while a roadside bomb injured three soldiers in a military vehicle, authorities said. Suspected Tamil Tiger guerrillas had attacked a group of farmers and killed two in a remote village, […]
Sri Lanka coconut prices may ease, but not much
Jan 16, 2008 (LBO) – Sri Lankan coconut prices which have soared in recent months are expected to ease by end-February as new crops come in but will remain high as world edible oil prices were high, industry officials said. “The shortage of nuts could ease towards the end of February but I’m not sure […]
Sri Lankan stocks tumble as Tigers attack civilians
Jan 16, 2008 (LBO) – Sri Lankan stocks fell sharply Wednesday as Tamil Tigers killed at least 28 civilians in separate attacks in the island’s south, the day a ceasefire formally ended. The All Share Price Index lost 50.55 points or 2.08 percent to close at 2,382.16, while the more liquid Milanka index went down […]
Sri Lanka treasuries yields ease, rupee gains on greenback
Jan 16, 2007 (LBO) — Sri Lanka’s treasuries yields settled lower at Wednesday’s auction as the government rolled over 9.7 billion rupees of maturing bills, the debt office said, while the rupee made further gains against the US dollar. Three month yields fell to 87 basis points to 19.25 percent, 6-month bills fell 50 basis […]
Japan aid to Sri Lanka under review after truce break
Jan 15, 2008 (LBO) – Sri Lanka’s largest donor Japan said it was awaiting a political solution to the island’s internal conflict and was reviewing its aid policy after the island’s government pulled out of a truce with the Tamil Tigers. . Japan’s special envoy to the war-ravaged island said his government was gravely concerned […]
Sri Lanka peace groups get World Bank grants
Jan 15, 2008 (LBO) – The World Bank is giving funds to Sri Lankan civil society organizations for projects that will focus on bringing about a sustainable peace. The bank said in a statement its Civil Society Fund, formerly the Small Grants Program, plans to award seven grants of up to $5,000 (about Rs. 500,000) […]
Record-breaking gold could hit 1,000 dollars: analysts
LONDON, Jan 15, 2008 (AFP) – The price of gold is hitting new record highs owing to the troubled US economy and a cocktail of other supportive factors, leading some analysts to predict 1,000 dollars per ounce could happen soon.In recent days the precious metal has blasted past 900 dollars in a record-breaking run. Unprecedented […]