Author: lbostgadmin
Sri Lanka central bank responds to media reports over superannuation fund.
June 29, 2006 (LBO) – Sri Lanka’s Central Bank, which is the custodian of the superannuation fund of the country’s private sector workforce said it’s the 405 billion rupee fund has been giving returns higher than bank deposits, and member balances were safe. The bank said it was responding to recent media reports. Central Bank […]
Light Savings
June 29 (LBO) – All consumers who save electricity will get a 10 percent discount on their next bill, while low usage will also be rewarded with free energy saving bulbs. The first 30 units will be exempt, while usage between 31 and 90 units will be charged an extra one rupee a unit, and […]
Sri Lanka truce monitors to hold crisis talks
OSLO, June 29, 2006 (AFP) – Five Nordic nations held talks here Thursday to try to salvage Sri Lanka’s faltering ceasefire, as the slaying of a top army general underscored the threat of full-scale war. Peace broker Norway met with the four other members of the Sri Lanka Monitoring Mission (SLMM) in Oslo for five […]
Sri Lanka warns Norway over truce deal as deadlock drags on
June 29, 2006 (AFP) – Sri Lanka warned peace broker Norway against any deal with Tamil Tiger rebels, just before Nordic nations ended a meeting Thursday without a decision on their truce-monitoring mission in the island.Sri Lanka’s top official coordinating peace efforts with Norway, Palitha Kohona, insisted there should be no unilateral action to change […]
Sri Lankan president consolidates power
June 29, 2006 (AFP) – Sri Lankan President Mahinda Rajapakse was Thursday elected the all-powerful leader of his party, replacing a scion of the Bandaranaike ruling dynasty for the first time, a spokesman said. Rajapakse, 60, was unanimously elected head of the Sri Lanka Freedom Party (SLFP), consolidating his hold on the government and further […]
Space clothes saving the lives of Earthlings
PARIS, June 29, 2006 (AFP) – From bras and babysuits equipped with monitors to tough suits to protect sportsmen and adventurers from the hazards of life on Earth, space technology is boldly pushing back fashion frontiers.“The space programme has over the years provided a catalyst for a lot of the progress we are seeing today […]
Off Range
June 29, 2006 (LBO) – Sri Lanka’s cabinet has agreed clear up frequency spectrum on few bands, as the government looks to attract new operators to offer telephony services at affordable rates. œThe cabinet has agreed to clear spectrum in 450 megahertz, 800-900 megahertz, 1800 megahertz and 2-gigahertz radio frequencies, which will be re-allocated for […]
Default Hit
June 29, 2006 (LBO) – Small Sri Lankan banks are facing the threat of weaker credit ratings, following a government move to lift a law that allows banks to speed-up foreclosure on assets pledged against smaller loans.But state banks are excluded from the project.Bankers have already warned that the move to stop parate execution – […]
Soldier killed in mortar bomb attack in Sri Lanka
June 28, 2006 (AFP) – Tamil Tiger guerrillas fired mortar bombs at an army camp in northeastern Sri Lanka Wednesday, killing one soldier and wounding three others, the defence ministry said.The rebel Liberation Tigers of Tamil Eelam (LTTE) staged a pre-dawn attack on the Kokkuthuduvai camp using mortars, spokesman Prasad Samarasinghe said. “We have retaliated […]
Schools shut amid bomb fears in Sri Lanka
June 28, 2006 (AFP) – Several schools in the Sri Lankan capital Colombo shut Wednesday following fears that Tamil Tiger rebels may bomb them, officials and parents said.School buses were turned away at key colleges while even some international schools, where mostly children of expatriates study, were also closed amid the bomb scare, officials said. […]
Tigers, navy clash as bomb scares panic Sri Lankan capital
June 28, 2006 (AFP) – Tamil Tiger rebels clashed with a naval patrol and mortared military positions in the restive north Wednesday as schools in the capital shut amid fears of bomb attacks, the government said.Five sailors were killed in the attack, the military said. The rebel Liberation Tigers of Tamil Eelam (LTTE) were believed […]
Hundreds gather for funeral of slain Sri Lankan general
June 28, 2006 (AFP) – Hundreds gathered Wednesday for the sunset funeral of a top Sri Lankan army general who was assassinated earlier in the week amid ongoing attacks by Tamil Tiger guerillas.Major General Parami Kulatunga, the army’s number three, was killed Monday along with four others when a suspected Tamil Tiger suicide bomber rammed […]