Author: lbostgadmin
Criss-crossing Sri Lankan parliamentarian complains of death threats
April 04, 2007 (LBO) – A rebel parliamentarian who re-joined Sri Lanka’s opposition after a brief stint as a deputy minister, told parliament Wednesday that he was receiving death threats, while his former fellow rebels labeled the move as childish. œIf he joined the government only for the glory of a position and the attached […]
Clinical South Africa pull off comfortable win over Ireland
GEORGETOWN, Guyana, April 3, 2007 (AFP) – South Africa defied rain and a fighting Ireland to cruise to a seven-wicket win in a World Cup Super Eights match at the Guyana National Stadium here on Tuesday.Ireland, who lost to England by 48 runs in their first Super Eights match, now meet New Zealand in their […]
Colombo Round
April 03, 2007 (LBO) – Sri Lanka needs to master trade law to take the best advantage of international trade, Chief Justice Sarath Silva said Tuesday at the announcing of an international trade law conference to be held in Sri Lanka. But Third World countries maintain they need to protect crucial sectors of their economies […]
Trade Trigger
April 4, 2007 (LBO) – A proposed free-trade deal between Nepal and Sri Lanka could boost trade but analysts say there is more potential for service liberalization. Trade between the two countries is slim at the moment at just 371 million rupees in Sri Lankan exports last year and seven million rupees in imports, compared […]
VAT Fraud
April 04, 2007 (LBO) – Sri Lankan police have completed investigations into the multi-billion rupee value-added tax refund fraud and are ready to prosecute seven suspects, officials said. Audits are conducted after refunds and are mandatory in the case of three consecutive refunds, he added. Deputy finance minister Ranjith Siyambalapitiya said the Criminal Investigations Department […]
Closer regional ties could increase trade and reduce energy shortages: World Bank
April 03, 2007 (LBO) – South Asia’s high economic growth has created a new momentum for closer regional integration, which can increase trade and bring greater prosperity to its peoples, the World Bank said ahead of a regional summit that starts today. Praful Patel, World Bank Vice-President for the South Asia region, said there are […]
”’ is under control
April 03, 2007 (LBO) – Sri Lanka central bank says it had met the 17.2 percent money growth number it had set for itself for March, with actual money supply undershooting the target as it attempted to put the lid on runaway inflation in the country. “The actual reserve money as at the end of […]
‘s opposition pokes fun at government growth numbers
April 03, 2007 (LBO) – Sri Lanka’s main opposition United National Party poked fun at the government’s economic performance as two agencies produced two sets of national accounts claiming growth rates of 7.4 and 7.7 percent for 2006. “On March 30, the central bank said the economy grew by 7.4 percent,” parliamentarian Kabir Hashim told […]
Sri Lanka claims 12 Tamil Tigers killed
COLOMBO, April 3, 2007 (AFP) – Sri Lankan troops killed at least 12 Tamil Tiger rebels in clashes in the northwestern district of Mannar, the defence ministry said Tuesday.More than 4,000 people have been killed in the latest upsurge of fighting that began in December 2005 despite a truce arranged in 2002.The clashes erupted near […]
Cross-over MP back in Sri Lanka opposition
April 03, 2007 (LBO) – Former United National Party (UNP) parliamentarian Edward Gunasekera, who crossed over to the government and became deputy minister of railways, crossed back to the opposition UNP Tuesday. His move created an uproar that caused the Speaker W.J.M. Lokubandara to adjourn parliament. Gunasekera tried to make a statement in the House […]
Sri Lankan, South Asian leaders say must “root out terror” for economic progress
NEW DELHI, April 3, 2007 (AFP) – South Asian nations must “root out terrorism” to turn around the fortunes of their underperforming trading bloc, the countries’ leaders told a regional summit here on Tuesday. Economic progress in the troubled region, home to nearly 1.5 billion people or one-fifth of humanity, is impossible without overcoming security […]
Sri Lanka says 23 Tiger rebels killed after bus bombing
April 3, 2007 (AFP) – Sri Lankan security forces have killed at least 23 Tamil Tiger rebels in fresh fighting in the island’s east following a deadly bus bombing, the defence ministry said Tuesday.“In the limited humanitarian operation on the west and south of Batticaloa, we have found 10 bodies of the LTTE cadres,” spokesman […]