Author: lbostgadmin
Unit Gains
Jan 17, 2007 (LBO) – Investors in mutual funds with an equity component have managed to beat raging inflation last year, with Sri Lanka’s youngest fund, the Ceylon Index Fund showing the highest returns, its managers said. “We will have a marketing campaign in English, Sinhala and Tamil,” says Ceylon Asset Management CEO, Sharmini Ratwatte. […]
Graft costs Sri Lanka a billion dollars a year: whistle-blower
Jan 16, 2007 (AFP) – Kick-backs and crooked deals cost Sri Lanka over a billion dollars last year amounting to about a fifth of tax revenue, the country’s top official whistle-blower said. The head of the parliamentary Committee on Public Enterprises, or COPE, told AFP corruption and fraud runs deep in the main foreign investment […]
‘s monetary policy
January 16, 2007 (LBO) – Sri Lanka’s Central Bank has handpicked few private sector professionals to lend a hand to shape the island’s monetary policy, governor Nivard Cabraal said Tuesday. Economist A D V de S Indraratne will head the Monetary Policy Advisory Committee which also includes Sohli Captain, Cubby Wijetunga, Mahen Dayananda, Prithi Jayawardene, […]
Fresh Sri Lanka violence kills 41: military
Jan 16, 2007 (AFP) – At least 30 Tamil rebels and 11 security personnel were killed in Sri Lanka on Tuesday in an upsurge of violence, officials and the defence ministry said. Sri Lankan troops backed by warplanes launched a fresh offensive against Tamil Tiger rebels early Tuesday, killing at least 30 guerrillas for the […]
Tiger torture chambers found in Sri Lanka: defence ministry
COLOMBO, Jan 16, 2007 (AFP) – Commandos in Sri Lanka have found “torture chambers” used by the Tamil Tiger rebels to punish informants and deserters, the country’s defence ministry said Tuesday.The STF said one trooper was wounded in its recent offensive and claimed that a large number of rebels were killed or wounded during the […]
Rebel “torture chambers” found in Sri Lanka: defence ministry
Jan 16, 2007 (AFP) – Commandos in Sri Lanka have found “torture chambers” used by the Tamil Tiger rebels to punish informants and deserters, the country’s defence ministry said Tuesday. Special Task Force (STF) commandos found the chambers at a rebel camp in the eastern district of Ampara during a nine-day offensive, which ended at […]
Govt-opposition deal in Sri Lanka to end
Jan 16, 2007 (AFP) – A landmark deal between Sri Lanka’s ruling party and the main opposition to bring a political solution to the island’s ethnic conflict collapsed Tuesday as fighting escalated, officials said.Opposition leader Ranil Wickremesinghe met President Mahinda Rajapakse and urged him not to bring opposition lawmakers into the cabinet, a move the […]
Athletics: Sri Lankan sprinter cleared of doping
Jan 16, 2007 (AFP) – A Sri Lankan woman sprinter who was accused of doping during the South Asian Games in Colombo last year has been cleared of the charge, officials said on Tuesday. Jani Chathurangani de Silva, a double medallist at the August 2006 Games, tested positive for the anabolic steroid nandrolone, and was […]
‘s freest economy
HONG KONG, Jan 16, 2007 (AFP) – Hong Kong has been ranked as the world’s freest economy ahead of rival Singapore in a report released on Tuesday by a right-wing American think-tank, The Heritage Foundation. The ranking by the Washington-based organisation puts the former British colony at the top of its Index of Economic Freedom, […]
Connecting Points
Jan 16, 2007 (LBO) – Japan on Tuesday gave Sri Lanka 30 million rupees to design a new bridge connecting Mannar to the mainland, the finance ministry said. The grant will be used to draw up a detailed design of a 157.1 metre, ten-metre wide bridge and to improve and expand the causeway between the […]
Sri Lanka troops kill five Tigers
Jan 15, 2007 (AFP) – Government forces killed at least five Tamil Tiger rebels during long-range artillery exchanges in Sri Lanka where six civilians were also shot dead, military officials said Monday.The Liberation Tigers of Tamil Eelam targeted army positions in the eastern district of Batticaloa on Sunday and troops retaliated killing three guerrillas, a […]
‘s Asgiriya stadium
Jan 15, 2007 (AFP) – The historic Asgiriya stadium in Sri Lanka’s hill resort of Kandy is to be replaced by a brand new venue in the same area, a senior cricket official said on Monday. Sri Lanka Cricket (SLC) secretary K.Mathivanan said an agreement would be signed next week with the island’s foreign investment […]