Author: lbostgadmin
US, Italian ambassadors wounded in Sri Lanka LTTE attacks
Feb 27, 2007 (AFP) – The ambassadors of the United States and Italy were wounded Tuesday in an artillery attack by suspected Tamil rebels in eastern Sri Lanka, Human Rights Minister Mahinda Samarasinghe told AFP.Samarasinghe, who was accompanying a group of Colombo-based diplomats to the district of Batticaloa, said the attack came shortly after one […]
Japanese ambassador safe after Sri Lanka attack; Tigers say sorry
TOKYO, Feb 27, 2007 (AFP) – Japan’s ambassador to Sri Lanka is safe after Tamil rebels attacked a group of diplomats Tuesday, wounding the US and Italian envoys, the foreign ministry said.Ambassador Kiyoshi Araki was one of the diplomats who had flown in two helicopters to the island’s restive eastern Batticaloa district. “Our ambassador was […]
‘s Tigers after envoys hit
COLOMBO, Feb 27, 2007 (AFP) – Sri Lankan jets bombed suspected Tamil Tiger positions in eastern Sri Lanka on Tuesday after the rebels shelled two military helicopters and wounded three Western diplomats, officials said.Air force aircraft attacked the Liberation Tigers of Tamil Eelam (LTTE) who admitted they shelled the landing points of military aircraft which […]
” Tigers attack
BEIJING, Feb 27, 2007 (AFP) – Sri Lanka’s foreign minister condemned an artillery attack Tuesday by Tamil Tiger rebels that wounded the German, Italian and US ambassadors, saying it was a deliberate strike against the diplomats.“The government of Sri Lanka condemns this attack by the LTTE in the strongest terms,” Rohitha Bogollagama, who is accompanying […]
”’ touch to Brandix apparel park in India
February 27 (LBO) – A 15-million dollar logistics centre which will speed up the flow of raw material and finished products at Bradix’s industrial park in India, would make the park more attractive to manufacturing units, officials said. Brandix is also building a 200 acre industrial park in Sri Lanka at Horana. The firm says […]
Soft Sell
February, 27 (LBO) – Advocates of free and open source software (FOSS) are promoting the concept through a mobile campaign across Sri Lanka starting next month, organizers said Tuesday. ‘Foss-Ed on Wheels’ a special bus had traveled nearly 500 to Mahavilachchiya in the north central province and Buttala in the Southern province last year, teaching […]
Dodgy Practice
February 27 (LBO) – Sri Lanka’s accounting watchdog said Tuesday it would take action against Touchwood over its accounting practices and would also probe the listed forestry investment firm’s auditor. The firm was audited by KPMG. The Colombo Stock Exchange referred the company to the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) when […]
Legal Upgrade
February 27 (LBO) – Sri Lanka will allow hearing of appeal cases to be decentralized to its provincial courts, to clear a ten-year backlog of cases, officials said Monday. There is a backlog of appeal cases from 1995, with Sri Lanka having only three courts in its court of appeal to handle all cases that […]
‘s rubber trade slams government over misuse of industry funds
February 27 (LBO) – Sri Lanka’s rubber trade has cried foul at government moves to deny them cash collected from the sector for its own development, less than a month after tea traders protested the misuse of an industry fund.The Ceylon Rubber Traders Association (CRTA) said Tuesday that the industry had been officially informed that […]
Leasing Move
February 27 (LBO) – Sri Lanka’s pioneer leasing firm LOLC, is stepping into Cambodia taking an equity stake in a micro-finance firm with several international development lenders, an official said. “Cambodia is just blossoming out and opportunities are good,” Kithsiri Gunawardene told Lanka Business Online. “They run a lean operation there and repayments are very […]
Tax Woes
February 27 (LBO) – Seylan Bank’s group net profits rose 9.25 percent to 849.2 million rupees in 2006, as revenues climbed by 32.3 percent, its annual accounts released Tuesday showed. Group revenue climbed to 15.39 billion rupees while the bank on its own earned revenues of 14.1 billion rupees. High income tax payments and flat […]
Sri Lanka leader brings elephant and jumbo delegation to China
BEIJING, Feb 26, 2007 (AFP) – Sri Lankan President Mahinda Rajapakse began a week-long state visit to China on Monday — and showed up with an elephant as a gift as well as a large delegation, state media said.Rajapakse, in China to mark 50 years of diplomatic ties between the countries, will meet Chinese President […]