Author: lbostgadmin
Burning Low
June 18, 2006 (LBO) – Sri Lankans have been urged to crawl under the sheets early, turn up the heat on air-conditioners and give up late night football to save energy¦..or not. But despite the best laid plans, “what people really respond to is price”, Siyambalapitiya says, over any real goodwill to dim the lights […]
‘ limpet style sea mines
June 18, 2006 (AFP) – Sri Lankan police Sunday were investigating a new type of improvised sea mine developed by Tamil Tiger rebels to target naval craft, police chief Chandra Fernando said Sunday. Police have questioned four of five men arrested Saturday while laying the mines, which are similar to limpet mines. They stick magnetically […]
Sri Lanka army chief in Singapore for treatment after bomb attack
June 18, 2006 (AFP) – Sri Lanka’s army chief Sarath Fonseka who survived a suicide bomb assassination attempt two months ago has been flown to Singapore for medical treatment, military officials said Sunday. Lieutenant General Fonseka, who was critically wounded in the bomb attack carried out inside the tightly-guarded army headquarters here on April 25, […]
Alert after Sri Lanka fighting, fresh mine kills three police
June 18, 2006 (AFP) – A mine attack blamed on Tamil Tiger rebels killed three Sri Lankan police Sunday following a day of fierce land and sea battles that left more than 50 people dead.Peace broker Norway last week failed to arrange face-to-face talks between the Colombo government and the LTTE in Oslo. The constables […]
Taxing Problem
June 18, 2006 (LBO) – Sri Lanka’s financial sector has been a favorite target of fiscal authorities during the past few years. In addition to an increase in the income tax rate, the sector also has a debit tax on cheque transactions, a turnover tax on credit cards, and another income tax based tax called […]
Sea battle kills at least 51 in Sri Lanka
June 17, 2006 (AFP) – At least 15 Sri Lankan naval troops, 30 Tamil Tiger rebels and six civilians were killed in major sea and land battles along the island’s northwestern coast Saturday, officials said.Helicopter gunships were pressed in to defend naval patrol craft which came under attack off the northwestern coast, the defence ministry […]
Tigers threaten to retaliate over Sri Lanka air attacks
17, 2006 (AFP) – Sri Lanka’s Tamil Tiger rebels Saturday warned the government that they will retaliate against air strikes and artillery attacks carried out by security forces amid escalating violence. The rebel Liberation Tigers of Tamil Eelam (LTTE) said they asked peace broker Norway to convey a “strong warning to Colombo of possible retaliation […]
Sea mine laying rebels netted in Sri Lanka: police
June 17, 2006 (AFP) – Sri Lankan police Saturday arrested five suspected Tamil Tiger frogmen who were laying mines along a strategic sea lane used by naval craft, police chief Chandra Fernando said.The inspector general of police said information from local residents helped them to make the arrest of the frogmen laying a locally produced […]
Sri Lanka 1Q06 GDP over 7%
June 16, 2006 (LBO) – Sri Lanka’s 24-billion dollar economy has expanded in excess of seven percent during the first quarter of this year, a senior government official said. “Economic growth has been very steady, growing at just over 7-percent for the first quarter of this year,” Secretary to the Policy Planning Ministry, Nivard Cabraal […]
Sri Lanka bombs rebels but vows peace
June 16, 2006 (AFP) – Sri Lanka’s president vowed not to allow the killing of 64 bus passengers derail the island’s peace process as the air force bombarded Tamil Tiger positions Friday for a second straight day. Security was stepped up in the main city of Colombo as the authorities prepared to hold a mass […]
Sri Lankan warplanes pound Tamil Tigers
June 16, 2006 (AFP) – Sri Lankan air force jets bombarded suspected Tamil Tiger positions Friday for a second straight day after the rebels were blamed for a landmine blast that killed 64 people, a military official said.Warplanes bombed Tiger positions in the island’s northern and eastern regions at first light and again at last […]
Calling Cabbies
June 16, 2006 (LBO) — Sri Lanka has structured a call option instrument, which allows investors to bid for nine taxi service licenses to be auctioned on the Colombo Stock Exchange, officials said.Bidding, which runs for nine days, is due to open on August 14 and investors have to put up a 25 million rupee […]