Author: lbostgadmin
Ferocious battles kills 18 in Sri Lanka
COLOMBO, March 21, 2007 (AFP) – Tiger rebels on Wednesday fought pitched battles with troops in Sri Lanka while war planes bombed guerrilla positions, the military said, placing the death toll from both sides at 18. Troops and the Tamil Tigers were locked in fierce mortar and artillery duels for five hours in the east […]
Sri Lanka rejects foreign monitoring of human rights
March 21, 2007 (AFP) – Sri Lanka Wednesday rejected any foreign scrutiny of its human rights record amid growing international criticism of extra-judicial killings, abductions and the recruitment of child soldiers.More than 4,000 people have been killed in the latest wave of fighting despite a truce agreed in February 2002.Government spokesman Keheliya Rambukwella said Colombo […]
Sri Lanka eyes MiG-29s to replace ageing fighters
March 21, 2007 (AFP) – Sri Lanka’s air force is considering buying MiG-29 jet fighters to replace its ageing fleet of supersonic aircraft, the top air force officer said Wednesday. Commander Roshan Goonetileke said Sri Lanka was looking at the 1977 Soviet vintage MiG-29 combat aircraft, refurbished in the Ukraine, to replace Sri Lanka’s fleet […]
Was the Pakistan coach murdered?
KINGSTON, Jamaica, March 21, 2007 (AFP) – The death of Pakistan cricket coach Bob Woolmer at the World Cup is being treated as murder, a Pakistan team spokesman said Wednesday.“It is a shame that such callous disregard for the lives of children is being displayed in the midst of hosting the cricket World Cup,” said […]
Bob Woolmer factfile
KINGSTON, Jamaica, March 21, 2007 (AFP) – Factfile on Bob Woolmer who died here on Sunday after being found unconscious on the floor of his hotel room at the World Cup.On Wednesday, police revealed that his death was being treated as suspicious: Full Name: Robert Andrew Woolmer Date of birth: 14 May 1948 Place of […]
Tech Uplift
March 21 (LBO) – Sri Lanka’s education ministry has tied up with tech giant Intel to give local schools computers and teacher training to boost technology levels and skills. Intel on Tuesday launched its one billion dollar, five-year ˜World Ahead’ program in Sri Lanka and is already in operation in 60 countries around the world. […]
Safe Flow
March 21 (LBO) – An investment protection agreement between Sri Lanka and Australia has come into effect from March this year with Australia, which can increase investment flows to the island, the foreign ministry said. Sri Lanka had completed its internal legal requirements in February 2006. “The Agreement sets out the State to State guarantees […]
Gender Wars
March 21 (LBO) – In Sri Lanka, women already outnumber men at 52 women for every 48 men and activists are warning that the proportion would increase if the war continues. However, in the workplace prospects are not all that rosy for Sri Lanka’s ladies. Women are still a minority among Sri Lanka’s parliamentarians and […]
New Complex
Mar 21, 2007 (LBO) – Sri Lanka’s Ceylino group plans to set a shopping and apartment complex in the heart of Colombo, following Board of Investment approval. . The complex that is to be built in Nawala, will be a joint venture between Ceylinco Seylan Development Limited and Ceylinco Investment and Realty Limited, the group […]
Kandy Finance
March 21 (LBO) – Kandy based Sinhaputhra Finance Limited (SFL) has earned a BB (lka) rating with a stable outlook, Fitch Ratings Lanka said Wednesday. The present Joint Managing Director Ravana Wijeyeratne owns 52 percent of the company’s equity with the remainder being held by its employees. “SFL’s rating reflects its modest profitability, relatively better […]
Leasing Pioneer
March, 21 (LBO) – Lanka Orix Leasing Company (LOLC) has seen high loan growth with new funding but margins are slimming due to competition, Fitch Ratings said Wednesday confirming the firm’s A (lka) rating with a stable outlook. The company has a market share of approximately 8 percent of leasing sector assets, including those of […]
Sri Lanka raises more dollars from rupee bonds, shoring up official reserves
March, 21 (LBO) – Sri Lanka has raised 40 million dollars this week by selling rupee bonds to foreign buyers bringing the total so far 140 million dollars, an official said. On Tuesday the rupee hit a low of 109.92 against the dollar. On Wednesday morning trade the rupee was trading around 109.85 to the […]