Author: lbostgadmin
‘s Arcelor deal
NEW DELHI, June 27, 2006 (AFP) – Takeovers of major western companies by emerging market players, particularly from India and China, will escalate as they chase growth outside their traditional home markets, analysts say.“It will be critically important to know these challengers well and to use that knowledge in making key business decisions.Decisions made without […]
Adding Beds
June 27, 2006 (LBO) – Sri Lanka’s Asha Central Hospital has bought land in Colombo to build a new 200-bed hospital, its Managing Director said Tuesday. The attractive fiscal incentives offered by the government to attract foreign and local investment to the health care industry have also helped spur growth. The 180-perches block of land, […]
Foundation Stone
June 27, 2006 (LBO) – Sri Lanka’s President Mahinda Rajapakse Tuesday launched a new state-own development bank aimed at assisting small and medium scale entrepreneurs. The Lankaputhra Development Bank, kicked off with 1.5 billion rupee seed capital from the treasury, with a further 2.0 billion rupees expected from the Private Sector Infrastructure Development Fund. “We […]
Sri Lanka needs to shake off its welfare state mentality: World Bank
June 26, 2006 (LBO) — Sri Lanka’s economic programmes must be protected from the political uncertainties of delicate coalitions and resolve the ethnic conflict, if it needs to make headway to tackle widespread poverty, the World Bank said Monday. “The more endemic problem is the attitude of entitlements associated with the popular perceptions that Sri […]
‘s armed conflict
June 26, 2006 (AFP) – Suspected Tamil Tiger rebels deployed a motorcycle riding suicide bomber to kill Sri Lanka’s number three army officer, Major General Parami Kulatunga, in a suburb of Colombo Monday.June 15, 2006: Blast rips through bus full of civilians, killing 64 and wounding 80. Tigers deny involvement. The Sri Lanka military responds […]
Top Sri Lanka army general assassinated
COLOMBO, June 26, 2006 (AFP) – One of Sri Lanka’s most senior army generals was assassinated Monday in a powerful bomb attack just outside the capital Colombo, police and hospital officials said.Major general Parami Kulatunga was driving along a main highway when his car was hit in an explosion that killed three others and wounded […]
Body parts litter Sri Lanka highway after suicide blast kills general
PANNIPITIYA, Sri Lanka, June 26, 2006 (AFP) – Blackened body fragments littered the highway and gardens of this Sri Lankan suburb after a suspected Tamil Tamil suicide bomber Monday assassinated a top Sri Lankan general. The burnt hulk of Major General Parami Kulatunga’s car lay askew near a ditch, its passenger side caved in completely […]
Army general killed in suicide bombing near Sri Lanka capital
June 26, 2006 (AFP) – A suspected Tamil Tiger suicide bomber assassinated the Sri Lankan army’s deputy chief of staff Monday, dealing another blow to the island’s unravelling peace process. Major General Parami Kulatunga, the army’s number three, was driving on a main highway in a Colombo suburb when police said the bomber rammed his […]
Sri Lanka blast aimed at scuttling peace: president
June 26, 2006 (AFP) – The assassination of a top army general Monday was aimed at sabotaging Sri Lanka’s peace process, President Mahinda Rajapakse said.Police have blamed the suicide bomb attack that killed Major General Parami Kulatunga and four other people, including the bomber, on the rebel Liberation Tigers of Tamil Eelam (LTTE). Rajapakse said […]
Hospital warned before Sri Lanka blast
June 26, 2006 (AFP) – Sri Lanka’s main hospital here received an anonymous warning phone call shortly before the assassination of a top army general Monday, a spokeswoman said. The caller, who spoke in halting Sinhalese, said hospital staff would carry out a “superior job” and that the hospital would have “more work than usual,” […]
Tigers warn of war if Norway quits peace process
June 26, 2006 (AFP) – Tamil Tiger guerrillas Monday warned that Sri Lanka would descend into full-scale war if peace broker Norway quit, as the killing of a top army general ended a week-long lull in violence. Tiger political wing leader S. P. Thamilselvan told the tamilnet.com website that war would be “unavoidable” if Norway […]
Catholics call for peace after suicide bombing in Sri Lanka
June 26, 2006 (AFP) – The Roman Catholic church opened a meeting here Monday, calling for peace in embattled Sri Lanka hours after a suspected Tamil Tiger suicide bomber killed himself and four others, including a top army general.Caritas, the social development arm of the church, urged the government and Tiger rebels to honor their […]