Author: lbostgadmin
Sri Lanka jets raid Tiger sea base
Jan 11, 2008 (AFP) – Sri Lankan war planes carried out fresh raids Friday on rebel-held territory in the north, the defence ministry said, reporting 30 more guerrillas killed in ground fighting.Jets hit a naval base of the Liberation Tigers of Tamil Eelam (LTTE) at Alampil, the ministry said, adding that the facility was destroyed. […]
Sri Lanka business chamber lauds media for exposing govt abuse of power
Jan 11, 2008 (LBO) – Sri Lanka’s top business chamber came out in support for state television workers who broadcast live a government minister’s attempt to intimidate its news chief and called for better governance from law makers. It also called on government law enforcement agencies to act speedily on complaints of threats to the […]
Sri Lanka to press ahead with efforts to defeat Tamil Tigers
Jan 11, 2008 (AFP) – Sri Lanka’s government said Friday it was pressing ahead with efforts to defeat the Tamil Tigers and dismissed rebel talk of restoring a ceasefire.Presidential spokesman Chandrapala Liyanage said the rebels had made no formal offer to revive a truce, playing down a statement from the Tigers the previous day that […]
Dollar tumbles as Bernanke says rate cuts may be needed
NEW YORK, Jan 10, 2008 (AFP) – The dollar fell sharply Thursday after Federal Reserve chairman Ben Bernanke said the US central bank was ready to implement fresh interest rate cuts if necessary amid lingering economic uncertainty.Traders ratcheted up their expectations that the US central bank would unleash a fresh rate cut at a looming […]
Everest conqueror Hillary dies aged 88
WELLINGTON, Jan 11, 2008 (AFP) – Edmund Hillary, the unassuming New Zealander who won world fame as the first man to climb Mount Everest, died Friday at the age of 88. Hillary, who with Sherpa Tenzing Norgay reached the summit of the world’s highest mountain on May 29, 1953, died of a heart attack in […]
Sri Lanka and India to fix coal power plant site this month: minister
Jan 11, 2008 (LBO) – Sri Lanka and India will finalize the site for a 500 MegaWatt coal fired joint venture power station this month, energy minister John Seneviratne said. About 25 percent of the householders, mostly in rural Sri Lanka do not have access to electricity. Seneviratne said an agreement has been sighed with […]
Sri Lanka railway station blast in capital injures one
Jan 11, 2008 (LBO) – A bomb exploded in the main railway station in Sri Lanka’s capital Colombo, injuring one person, police said.The bomb which was kept on a platform under a stairway, went off around 7.30 pm local time witnesses said. Train services resumed at the station less than an hour after the blast. […]
Transit Care
Jan 11, 2008 (LBO) – Sri Lanka’s overcrowded top state cancer hospital would get a 140 bed transit facility to house outpatients, the newly launched Colombo branch of a charity focusing on child patients said. Courage, Compassion and Commitment (CCC) Foundation was founded five years ago in Australia to support child patients at the National […]
Joint Investment
Jan 11, 2007 (LBO) — Sri Lanka’s Hatton National Bank has signed up with City Union Bank to start an investment banking unit in India, the two banks said in a joint statement Friday. “The proposed Joint Venture Investment Banking entity will focus on serving the Indian market to deliver capital raising and advisory services […]
Railway Blast
Jan 11, 2008 (LBO) – A bomb exploded in the main railway station in Sri Lanka’s capital Colombo, injuring one person police said.Fighting between Sri Lanka government forces and the Tamil Tigers have intensified leaving at least 6,000 dead in since 2006, according to official figures. Updated The bomb was kept on a platform under […]
Trade Links
Jan 11, 2007 (LBO) – Sri Lankan shipping officials have questioned the validity of a recent World Bank ranking on logistics that placed the island even below landlocked Uganda, despite Colombo’s position as a container transshipment hub. The criticism came at a videoconference discussion connecting audiences in Bangladesh, India, Pakistan, Nepal, Sri Lanka, and Washington […]
Sri Lanka bond yields slightly up
Jan 11, 2008 (LBO) — Sri Lanka bond yields edged up slightly after Friday’s auction which raised two billion rupees for the government in one and two year bonds, dealers said.The central bank also sterilized 1.2 billion rupees of liquidity by selling 11-day bills at an average yield of 18.51 percent and a further 1.8 […]