Author: lbostgadmin
Peace hopes rise as Sri Lanka says Tigers agree to talk
Sept 27, 2006 (AFP) – Hopes for peace in Sri Lanka rose Wednesday after the government revealed Tamil Tigers have agreed to resume face-to-face negotiations and end a seven-month deadlock in talks.Over the past three decades more than 60,000 people have been killed in Sri Lanka’s drawn out ethnic conflict. Tiger leader Velupillai Prabhakaran has […]
Norway welcomes Sri Lanka talks pledge
OSLO, Sept 27, 2006 (AFP) – Norway on Wednesday welcomed an announcement by the Sri Lankan government that the leader of the Tamil Tiger rebels was committed to resuming talks on ending decades of ethnic bloodshed.“We see this as a very positive development and we are hopeful both parties will meet for talks as soon […]
Sri Lanka jets hit Tiger training camp
COLOMBO, Sept 27, 2006 (AFP) – Sri Lankan war planes bombed a suspected Tamil Tiger training camp as the two sides exchanged artillery attacks across a de facto front line in the island’s north, the defence ministry said Wednesday. Mani Shankar Aiyar said here late Tuesday at a public lecture. Aiyar said India supported moves […]
Sri Lanka killing fields to haunt negotiators at Swiss talks
GENEVA, Oct 27, 2006 (AFP) – Sri Lanka’s warring parties are to meet in Geneva Saturday amid international pressure to stop a new spiral of killings in Asia’s bloodiest civil strife. Tamil Tiger reels who took up arms in 1972 want a separate state for the island’s ethnic Tamil minority. Political talks on power-sharing remain […]
Sri Lankan boxers disappear in Germany
Sept 27, 2006 (AFP) – Two Sri Lankan boxers taking part in the world military championships in Germany have fled their hotel after eluding security, officials said here on Wednesday.The duo identified as W.R.G.G. Weligalla and P.W.R.D. Fernando of the Sri Lanka army were part of a seven-member squad at the World Military Boxing Championships […]
India could process 30 percent of US bank transactions by 2010: reports
NEW DELHI, Sept 27, 2006 (AFP) – India’s outsourcing industry will be able to process up to 30 per cent of US bank transactions by 2010, more than triple the current figure, the industry’s main lobby group was quoted as saying Wednesday. “Currently, eight per cent of US banking transactions are processed by Indian BPOs […]
Sri Lankan agri-business company CIC launches tea advisory service
Sept 27, 2006 (LBO) – Sri Lankan agri-business company CIC on Tuesday launched an advisory company for plantation firms and smallholders, in efforts to up productivity and yields on local tea estates.Mohamed says that 40 percent of tea produced in the country is of low quality, based on reports from the Tea Commissioners Division, while adoption […]
‘s cash markets hit treasuries; dealers refuse to discount gilts
September 27, 2006 (LBO) – Aftershocks of Tuesday’s withdrawal of the central bank’s standing cash facility has hit short-term treasuries, with Sri Lanka’s public debt office rejecting bids at Wednesday’s auction and dealers refusing to discount gilts as prices crashed. Meanwhile the Sri Lanka rupee closed sharply down against the dollar at 103.70 against the […]
Pending News
September 26, 2006 (LBO) – Lanka IOCs share prices perked up Tuesday after the Indian fuel retailer announced plans to ink a deal next week, which settles billions of rupees due from the Sri Lankan government. “Our ‘settlement agreement’ with the government of Sri Lanka on resolving the long pending subsidy issue is planned to […]
Mine blast kills airman in Sri Lanka
Sept 26, 2006 (AFP) – An airman was killed and another wounded in northern Sri Lanka on Tuesday when a mine blew up as they underwent routine physical training exercises, the defence ministry said. More than 60,000 people have died since the rebellion began in 1972. The Claymore mine exploded in the district of Vavuniya, […]
Wide Choice
Sept 26, 2006 (LBO) – Japanese telco NEC Tuesday inked a deal with Sri Lanka’s Steuartel (Pvt) Ltd to sell its cellular handsets in the local market. “We hope to cater to the medium and the high end market with phone units made in Japan. Phones at entry level will be priced at 11,900 rupees […]
Seamless Solutions
September 26, 2006 (LBO) – Cisco Systems, the world’s leading supplier of network equipment and solutions, hopes to double its sales in Sri Lanka as local banks and telcos keep pace with IT trends. Having earlier serviced Sri Lanka as an extension of its Indian operation, Cisco now has a fully fledged office here, after […]