Author: lbostgadmin
President capture of key Tiger controlled town will not lead to all out war
Sept 4 (AFP) – Sri Lankan troops Monday captured a town used by Tiger rebels to launch artillery against the key naval port of Trincomalee, but President Mahinda Rajapakse said the victory would not lead to all-out war. Security forces have moved into Sampur, 10 kilometers (six miles) across the Koddiya Bay from the Trincomalee […]
Sri Lanka troops capture Tiger town: minister
Sept 4 (AFP) – Sri Lankan troops Monday captured an eastern coastal town used by Tiger rebels to launch artillery attacks against the strategic naval port of Trincomalee, a government minister told AFP.Security forces moved into Sampur, 10 kilometers (six miles) across the Koddiya Bay from the Trincomalee naval and air complex, with hardly any […]
Bollywood looks abroad for special effects to spice films
MUMBAI, Sept 4, 2006 (AFP) – Bollywood is bucking a global trend of outsourcing technical film work to India by using experts from abroad to provide special effects for increasingly demanding audiences, the industry said Monday. Studios with large company backing and aggressive directors are behind the trend that has led to most of the […]
Joining Forces
Sept 04 (LBO) – NDB Bank said Monday that it had picked up a balance 70 percent stake in NDB Housing Bank, following Central Bank approval. NDB Bank held a 30 percent stake in the housing loan subsidiary, with the balance held by International Finance Corporation (IFC) and Housing Development Finance Corporation of India (HDFC […]
Good Returns
September 04, 2006 (LBO) – The Distilleries Group is in talks to increase their equity stake in its fund management unit National Asset Management Ltd or NAMAL. Stassens, recently gave a billion rupees of its funds for NAMAL to manage. Healthy competition is good for both fund management companies, Fernando said referring to Aegis and […]
Charity Probe
Sep 04, (LBO) – Sri Lanka’s central bank, which froze the bank accounts of a charity operating in the country’s North and East areas said Monday, following raids on the organization’s overseas offices and arrests of persons connected to it raised doubts about the use funds. TRO said it was willing to ˜assist and fully […]
Common Issues
Sep 04, (LBO) – Finance ministers of commonwealth countries will try to find ways to improve aid delivery to developing countries and made aid more effective, when they meet in Colombo next week, host country Sri Lanka said. Delegates from 53 Commonwealth countries, led by prime ministers and finance ministers will meet in Colombo from […]
Sri Lanka fighting hits lull
Sept 3, 2006 (AFP) – Fighting between troops and Tamil Tigers near a key northeast port hit a lull Sunday, residents said, a day after 80 rebels were reportedly killed in a sea battle off the northern Jaffna peninsula.Artillery guns were silent in the restive port district of Trincomalee since the weekend, residents said, adding […]
Sri Lanka refutes Nordic monitors over massacre charge
Sept 3, 2006 (AFP) – Sri Lanka on Sunday stepped up its campaign against Nordic truce monitors who accused government forces of involvement in the killing of 17 employees of a French aid charity last month.After accusing the Norwegian-led Sri Lanka Monitoring Mission (SLMM) of being “biased” and “unprofessional,” the office coordinating the peace process […]
Sri Lanka navy says killed 80 rebels in sea battle
Sept 2, 2006 (AFP) – Sri Lanka’s navy killed at least 80 Tamil Tiger guerrillas after a six-hour battle with a flotilla of rebel boats off the island’s northern waters Saturday, the defence ministry said.The boats of the Liberation Tigers of Tamil Eelam (LTTE) were trying to attack the northern port of Kankesanthurai at the […]
Sri Lanka sends more supplies to Jaffna
Sept 2, 2006 (AFP) – A second cargo ship was loaded here Saturday with supplies for desperate residents of Sri Lanka’s northern Jaffna peninsula, where the navy said it killed 80 Tamil rebels in a fierce six-hour sea battle.The vessel containing food, drugs and other essential goods was slated to leave Sunday on a two-day […]
Bangladesh shipping firms suspend use of port, halting trade
CHITTAGONG, Bangladesh, Sept 2, 2006 (AFP) – Bangladesh’s trade shipments ground to a virtual halt Saturday as shipping firms refused to use the nation’s main port in a protest over container fees. “Most of the private shipping companies have today (Saturday) suspended transporting cargoes to and from Chittagong port,” Chittagong Port Authority chairman Shahadat Hossain […]