Author: lbostgadmin
Blast near Tiger cemetery kills Sri Lanka soldier
July 11, 2006 (AFP) – A government soldier was killed Tuesday in a powerful bomb explosion near a Tamil Tiger war cemetery in Sri Lanka’s northern peninsula of Jaffna, officials said.The soldier, on a routine patrol, was killed as the blast ripped through the area at Kodikamam, a military official in the area said when […]
Sri Lanka offers cash, devolution to end ethnic bloodshed
COLOMBO, July 11, 2006 (AFP) – Sri Lanka’s president Tuesday offered 1.25 billion dollars to rebuild embattled regions and asked his advisors to come up with a power-sharing plan to end decades of ethnic bloodshed. President Mahinda Rajapakse told a 15-member multi-ethnic panel appointed by him last week to come up with a formula that […]
IMF proposes emergency liquidity cushion
SINGAPORE, July 11, 2006 (AFP) – The International Monetary Fund (IMF) is proposing an emergency liquidity cushion to help Asian and other emerging economies deal with any financial crises. Takatoshi Kato, the IMF’s deputy managing director, told a seminar in Singapore on Monday that despite the buoyant global economy, precautions must be taken against future […]
Winning Words
July 11 (LBO) – Sri Lanka™s Editors Guild will honour print journalists Tuesday evening at its annual awards ceremony for journalistic excellence in 2005. Krishni Ifham Virakesari D B Dhanapala Best Journalist of the Year Tamil Sonali Samarasingha The Sunday Leader Mervyn de Silva Journalist of the Year Special Awards for the best students of […]
Quick Sand
July 9, 2006 (LBO) – Sri Lanka will continue to subsidise retail fuel prices in the absence of a new pricing formula, as Colombo threatened to takeover Indian Oil Corp’s local unit if they fail to resume gasoline sales, officials said Sunday. Sri Lanka is a net oil importer, with fuel shipments doubling to 1.6 […]
Oil Conundrum
July 9, 2006 (LBO) – Sri Lanka’s main opposition charged that weak economic management was the cause of galloping inflation in the country and not oil prices.“The government is hiding behind the bunker of oil price rises and driving up inflation by printing money and banks borrowings,” United National Parliamentarian and former Deputy Finance Minister […]
‘s churches say they may have answer to economic woes
HARARE, July 9, 2006 (AFP) – Zimbabwe’s churches are rallying to provide what they call a “comprehensive document” they believe could help lift the embattled southern African country from its political and economical muddle.The plan drawn up by the influential Zimbabwe Council of Churches (ZCC) comes in the wake of a recent call by President […]
Sri Lanka police probe death of innocent man beaten up in jail
July 8, 2006 (AFP) – Sri Lankan police have launched an investigation into the death of a man who was allegedly beaten up in prison after being falsely accused of a school bomb hoax, officials said Saturday.The death of the 55-year-old man, Sunil Perera, has sparked widespread public outrage in the tropical island nation. Police […]
‘s ruling Congress battles mounting criticism over reforms
NEW DELHI, July 8, 2006 (AFP) – India’s ruling Congress party moved into damage control on Saturday after an embarrassing U-turn on privatisation sparked rumours that Prime Minister Manmohan Singh was quitting.“There are no differences, and will never be, between the party and the prime minister. We stand as one,” Singh’s Congress party spokeswoman Jayanti […]
Sri Lanka bipartisan peace bid fails, opposition says
July 7, 2006 (AFP) – A fresh attempt to hammer out a bipartisan approach to Sri Lanka’s drawn out Tamil separatist conflict ended abruptly with the defection of an opposition legislator, officials said Friday. with best prices today in the USA with best prices today in the USA with best prices today in the USA […]
Sri Lanka bipartisan peace bid fails, opposition says
July 7, 2006 (AFP) – A fresh attempt to hammer out a bipartisan approach to Sri Lanka’s drawn out Tamil separatist conflict ended abruptly with the defection of an opposition legislator, officials said Friday.President Mahinda Rajapakse met with United National Party opposition leader Ranil Wickremesinghe Thursday evening to agree on a common approach to the […]
‘s tough reforms fight
NEW DELHI, July 7, 2006 (AFP) – India’s move to freeze its privatisation programme is a bad signal for reforms and highlights the uphill battle Prime Minister Manmohan Singh faces to liberalise the economy, analysts said Friday.Only two weeks after announcing the government would revive asset sales, Singh said Thursday he was putting “on hold” […]