Author: lbostgadmin
Envoys step up Sri Lanka peace efforts after suicide bombing
Oct 17, 2006 (AFP) – Sri Lankan peace broker Norway launched a bid Tuesday to salvage planned talks after the rebels’ worst-ever suicide bombing that killed more than 100 people and prompted government retaliatory strikes.Special envoy Jon Hanssen-Bauer arrived in Colombo to try to finalise arrangements with government leaders for talks scheduled later this month […]
Sri Lanka jets bomb Tamil Tiger radio, say rebels
Oct 17, 2006 (AFP) – Sri Lankan war planes Tuesday bombed and destroyed the main transmitting tower of the Tamil Tiger’s radio station, the guerrillas said.The Liberation Tigers of Tamil Eelam (LTTE) said Kfir jets attacked their “Voice of Tigers” transmitting facility in the northern town of Kokkavil. “The VOT is the only radio broadcasting […]
Search for clues in bloody debris of Sri Lankan suicide blast
HABARANA, Sri Lanka, Oct 17, 2006 (AFP) – The mobile phones, stowed in bags still on board shattered, blackened buses, rang until dawn as frantic relatives sought news of their sons, Sri Lankan sailors about to come home on leave.“It’s a very terrible situation — more than 100 deaths and now so much to do. […]
Why Not?
Oct. 17, 2006 (LBO) — Emirates Telecommunications Corp. is in talks with the Sri Lankan government to acquire a stake in Sri Lanka Telecom, its spokesman said Tuesday. The company, also known as Etisalat, is looking at buying a controlling stake in SLT, spokesman Ahmed bin Ali told Bloomberg News. He decline to provide further […]
Sri Lanka rupee sinks to new low against dollar
October 17, 2006 (LBO) The rupee sank to a new low Tuesday, falling to 107.65 against the dollar in early morning trade, dealers said.The rupee had also been heavily overvalued with the Real Effective Exchange Rate moving close to 110 percent after the rupee appreciated with tsunami aid flows despite high domestic inflation. Analysts say […]
Sri Lankan rupee sinks further; share prices dip over security worries
Oct 17, 2006 (LBO) – Sri Lankan rupee sank further breaching the 107.00 mark amidst profit taking by banks on Tuesday, while share prices fell 0.60 percent as the volatile security situation kept investors away, dealers said. The rupee touched an all time low to close at 107.10 to the greenback, from Monday’s close of […]
Sri Lanka to raise US$150 mn loan in Nov; Tbonds to overseas investors next week
October 17, 2006 (LBO) – Sri Lanka plans to raise 150 million dollars via a syndicated loan from foreign investors, the central bank said Tuesday a day after announcing that the country was opening its government bond market for overseas players. The bank said it hopes to raise the loan in November, but stopped short […]
Sri Lanka issues maiden 2000 rupee note, but is no stranger to big bills
Oct 17, 2006 (LBO) – Sri Lanka issued its first 2000 rupee note on Tuesday, but is no stranger to large denominations, with a ten thousand rupee note put into circulation in 1946. At the time, with Sri Lanka still under British rule and two years short of independence, notes were issued by a currency […]
’s central bank governor recruits more assistants
October 16, 2006 (LBO) – Sri Lanka’s Central Bank has promoted four senior staff officers to the post of Assistant Governor from Oct. 11, the bank said Monday. Those promoted are: • H N Thenuwara • Uthum Herath • Anila Dias Bandaranaike • D S Wijesinghe The bank is in the process of selecting candidates […]
Japan envoy in talks with Sri Lanka govt amid more violence
Oct 16, 2006 (AFP) – A Japanese peace envoy opened talks with Sri Lankan leaders Monday as the international community stepped up pressure to salvage peace talks many fear have been doomed by an upsurge in violence.More than 60,000 people have been killed in the three-decades-old conflict for a Tamil homeland on the Sinhalese-majority island.Yasushi […]
Suicide bombing kills over 100 in Sri Lanka
Oct 16, 2006 (AFP) – Sri Lanka suffered its worst ever suicide attack on Monday when suspected Tamil Tiger rebels detonated a truck packed with explosives next to a convoy of sailors, killing at least 102 people and wounding 150 more.More than 60,000 people have been killed in the three-decades-old conflict for a Tamil homeland […]
Sri Lankan war plane crashes
Oct 16, 2006 (AFP) – A Sri Lankan war plane crashed Monday shortly after take off on a mission to attack Tamil Tiger rebels, official sources said adding that pilot ejected and there were no casualties on the ground.The Israeli-built Kfir jet crashed shortly after take off from the main Katunayake airbase which is located […]