Author: lbostgadmin
” a big factor in Sri Lanka conflict
TRINCOMALEE, Sri Lanka, May 7, 2006 (AFP) – Sri Lanka’s Tamil Tigers are increasingly taking their fight to the sea thanks to a secretive and lethal rebel “navy”, a rarity among the world’s guerrilla forces, observers say.Founded in the early 1990s, the “Sea Tigers” claim to have sunk dozens of naval vessels over the years […]
Curfew imposed in northern Sri Lanka amid killings
May 7, 2006 (AFP) – Sri Lanka imposed a curfew in the restive Jaffna peninsula Sunday as a Japanese envoy began talks with government officials to try to save a faltering peace process amid escalating violence.The security forces clamped the indefinite curfew ahead of demonstrations called by residents to protest Thursday’s killing of seven men […]
Sri Lanka seeks foreign help in suicide bomber probe
May 6, 2006 (AFP) – Sri Lanka is seeking foreign forensic help to establish whether a female suicide bomber who tried to kill the country’s army chief was indeed pregnant as she claimed, investigators said Saturday. Tests by local laboratories proved negative and the investigators are now trying to secure the help of forensic experts […]
“Anarchy” in Sri Lanka as Tokyo peace envoy set to arrive
May 6, 2006 (AFP) – A Japanese peace envoy was to arrive in Sri Lanka for talks Saturday as Scandinavian monitors said violence between government forces and Tamil Tiger rebels was out of control.Tokyo’s special peace envoy Yasushi Akashi was to hold talks with President Mahinda Rajapakse and would also try to meet leaders of […]
Indian ship sinks in Bay of Bengal but crew unharmed
NEW DELHI, May 6, 2006 (AFP) – A ship carrying scientists conducting environmental studies sank off the India’s eastern coast early Saturday, a report said. All 18 people on board, including the crew, escaped, the Press Trust of India news agency reported. “The accident occurred after an explosion, the reason for which is under investigation,” […]
Sri Lanka to begin work on Colombo-Katunayake highway in May
May 11 (LBO) – Sri Lanka is to begin work on the Colombo-Katunayake toll road this month tying up a construction deal with China Metallurgical Construction Group.Cabinet approval for the project came through on Wednesday, Jeyraj Fernandopulle, Minister of Highways told a Cabinet press briefing on Thursday. The tentative kick-off date for the building the […]
Sri Lanka Navy sink Tiger boat
May 5 – (AFP) – A Sri Lankan navy gunboat attacked Tamil Tiger boats off the island’s northwestern waters Friday and destroyed at least one craft, military officials here said.More than 200 people have died in the last month in a series of tit-for-tat attacks between Sri Lankan government and rebel forces despite a ceasefire […]
More clashes in Sri Lanka ahead of Japanese peace attempt
COLOMBO, May 5 (AFP) – Diplomats prepared to talk peace but on the ground Friday violence escalated in Sri Lanka as military officials reported fresh air and naval clashes with separatist rebels.The clashes followed the shooting deaths of seven civilians in the northern Jaffna peninsula Thursday after a grenade attack wounded three soldiers in the […]
China Parley
More than 50 senior executives of Chinese firms are participating in a business forum in Colombo, as commercial ties between the two countries continue to strengthen. The two day China-Sri Lanka CEO Summit, to be held on May 08th and 09th has been organized with the Asian Capital Forum, a CEO club and conference organizer. […]
John Keells eyes new hotel properties in Maldives, bookings down in Trinco
May 05 (LBO) – John Keells Holdings eyes the Maldives for hotel expansion as city hotels see a slight drop in bookings and its resort on the East coast suffers from current political instability. We have seen a slight drop in bookings in our city hotels, but the effect on our resort hotels is minimal.Our […]
Commercial Gain
Foreign exchange profits and book gains in investments has boosted profits of Commercial Bank in the first quarter of 2005.Undaudited Group post-tax profit of 943.1 million ruees for the first quarter of 2006 was a 170 percent increase over the Rs 348.5 million reported in the first quarter of last year, the bank said. Of […]
Going Upstream
May 2 (LBO) – Sri Lanka is setting up an upstream oil company as the country gets ready to auction several off-shore oil exploration blocks, Petroleum Minister A H M Fowzie said. An upstream petroleum company engages in exploration and production of oil. At present Sri Lanka imports crude oil and the state-owned Ceylon Petroleum […]