Author: lbostgadmin
Mutual Ties
August 4, 2006 (LBO) – Sri Lanka and India have agreed to recognise product certificates issued in both countries, cutting down red tape and transaction time when goods are traded. Sri Lanka’s Cabinet of Ministers has approved the bilateral agreement between Sri Lanka Standards Institution (SLSI) and the Bureau of Indian Standards, Cabinet spokesperson, Anura […]
John Keells picks up new Maldivian resort for US$12.5 mn
August 04, 2006 (LBO) – Sri Lanka’s largest hotel operator, John Keells Holdings Friday said they have picked up their fifth Maldivian resort for 12.5 million dollars. Some of the best diving sites in the Maldives are found in the vicinity of Ellaidhoo such as Fish Head, Maya Thila, Halaveli Wreck and Fesdhoo Wreck. Maldivian […]
Recovery Time
August 04, 2006 (LBO) – Feeder vessels operating in Colombo said they would remove a cost recovery surcharge imposed on ships calling on the island, from August 10. Following a recent strike at the Colombo port that crippled work for eleven days, feeder vessels slapped a 40 dollar levy per Twenty foot Equivalent Unit (TEU) […]
Singer (Sri Lanka) Ltd takes up an extra Rs. 200 mn in debt
August 4, 2006 (LBO) – Singer (Sri Lanka) Ltd has opted to accept up to 800 million rupees in debt after its initial 600 million rupee debenture issue was oversubscribed. Fitch Ratings Lanka, which gave the initial four-year issue a A+(lka) rating said Friday that they were extending the same scale to the extra 200 […]
Rights group says Sri Lanka pullout “devastating”
HONG KONG, Aug 3, 2006 (AFP) – A rights watchdog said Thursday that Nordic countries pulling their peace monitors out of Sri Lanka had dealt civilians a “devastating blow” and called for nations to send replacements.“With the dramatic increase in violence in Sri Lanka, more international monitors are needed, not fewer,” said Brad Adams, Asia […]
Norway launches new peace bid as Sri Lankan fighting spreads
Aug 3, 2006 (AFP) – Fighting between Sri Lankan troops and Tamil Tiger rebels for control of a vital waterway spread Thursday, as peace broker Norway launched a fresh bid to prevent a return to full-scale war. Local officials said troops had not managed to reopen the sluice gates as the area is heavily mined. […]
‘s ethnic conflict
Aug 3, 2006 (AFP) – Sri Lanka’s long conflict between the government and ethnic Tamil rebels is rooted in the nation’s colonial past, but the bloodshed remains an intractable problem of the present.At least 60,000 people are believed to have been killed since 1972 when a disgruntled school dropout, Velupillai Prabhakaran, formed the militant group […]
Fresh violence claims another 21 lives in Sri Lanka
Aug 3, 2006 (AFP) – Seventeen civilians and four police were killed in artillery attacks in Sri Lanka’s northeastern Muslim town of Muttur on Thursday, military officials said.The civilians were killed when shells hit three schools where they were sheltering after security forces asked them to move to public buildings while troops mopped up Tamil […]
Muslim civilians killed as as Sri Lanka battle for water intensifies
TRINCOMALEE, Sri Lanka, Aug 3, 2006 (AFP) – At least 17 Muslim civilians were killed and another 60 wounded Thursday when shells landed on the schools in which they were sheltering during fierce fighting between Sri Lankan troops and Tamil Tiger rebels, military officials said.Local officials said troops had not managed to reopen the sluice […]
Peace broker Norway offers help to Sri Lanka victims
Aug 3, 2006 (AFP) – Sri Lanka’s peace broker Norway Thursday announced a pledge of 1.5 million dollars to help civilians caught up in the island’s latest upsurge in violence. The Norwegian government, in a statement issued in Colombo, said Oslo would provide the assistance in humanitarian aid through the International Committee of the Red […]
Political memoir sparks nuclear spy chase in India
NEW DELHI, Aug 3, 2006 (AFP) – In India’s rough and tumble political world he was always the “gentleman politician”. But now, former foreign minister Jaswant Singh stands accused of sparking a spy chase that has gripped India in a bid to boost sales of his just-released memoirs “A Call to Honour”. The book has […]
Hidden Surprise
August 3, 2006 (LBO) – Sri Lanka Telecom is expecting a 75 percent rise in full-year net profits as its cellular subsidiary makes a quick turnaround, which helps off-set sudden costs to trim its workforce, officials said Thursday. Mobitel, the firm’s cellular subsidiary, is turning the corner, after narrowing down six month losses to 190 […]