Author: lbostgadmin
‘s secret service trawls for new talent
LONDON, April 27, 2006 (AFP) – Britain’s secret service, famed for lurking in the shadows, launched its first overt recruitment operation on Thursday, calling on men and women who are looking for a challenge.For the first time in its 97-year history, MI6, the country’s foreign spy agency, published an open advertisement in a newspaper. “From […]
Arrest Quest
Apr. 27 (LBO) – Seven persons who were caught promoting the GoldQuest network marketing scheme have been arrested in southern Sri Lanka, police said. Central Bank has now established a special investigation unit to look into pyramid scams, referral frauds, as well as other violations of laws administered by the regulator. The seven who were […]
United Front
DHAKA, April 27, 2006 (AFP) – Health ministers from seven South Asian nations have decided to develop a common strategy to combat bird-flu in the region, a statement said Thursday.The health ministers said after their meeting in the Bangladeshi capital Dhaka Wednesday that “an impending pandemic influenza” posed a threat to the region’s 1.40 billion […]
Standard &”s credit outlook
Apr. 27 (LBO) – International rating agency Standard & Poor’s Thursday lowered Sri Lanka’s credit outlook to negative from stable, amid escalating violence and fears that the island may slip back to war. However, S&P warned: “The country’s external liquidity could come under pressure if war causes reduced foreign exchange inflows from tourism and tourism-related […]
Bond yield flat
Apr.27 (LBO) – Sri Lanka’s Central Bank sold 2.85 billion rupees worth of three, four, five and six year bonds Thursday at yields in line with market expectations. Details of the auction below Treasury Bond Auctions 3-years 4-years 5-years 6-years Date of Maturity 15-03-2009 01-02-2010 01-02-2011 15-04-2012 Coupon Rate 7.50% 7.20 % 7.00 % […]
S&’s credit outlook
Apr. 27 (LBO) – US credit ratings agency Standard & Poor’s Thursday cut Sri Lanka Telecom’s credit outlook to negative from stable, in the wake of escalating violence, which may result in the country slipping back to war. The cash rich operator posted net profits of 3,093 million rupees, while revenues surged 10 percent to […]
‘s credit outlook
Apr. 27 (LBO) – International rating agencies Fitch and Standard & Poor’s Thursday cut Sri Lanka’s credit outlook to negative from stable, reflecting the island’s worsening security situation. Should the violence become more widespread, adversely affecting the economy, public finances and donor inflows, Sri Lanka’s sovereign ratings could be downgraded, both agencies said. – Mel […]
Sri Lanka forecasts 1Q06 GDP at 6.8%
Apr. 26 (LBO) – Sri Lanka’s economy is expected to grow at an annual pace of 6.8 percent during the first quarter of 2006, despite setbacks in the peace process and worries that the country may slip back to war. Though the budget deficit was high at 8.7 percent of GDP, due to high nominal […]
Cruising Along
Apr.26 (LBO) – Lanka IOC, a unit of Fortune 500 Indian Oil Corportaion, is confident of maintaining uninterrupted supplies from their tank farm in Trincomalee, amidst rising military activity and closure of key roads in the North East area, a top official said. “We are maintaining our supply lines, in spite of security situation near […]
Death toll mounts as Sri Lanka hits back by air, land and sea
Apr. 26 (AFP) – Escalating violence between Sri Lankan forces and Tamil rebels left at least 15 civilians dead and 15,000 Tamil villagers fleeing for their lives, reports from both sides said Wednesday.Three people died and 13 were wounded when the Liberation Tigers of Tamil Eelam (LTTE) fired mortar bombs against a naval detachment in […]
‘s deadly suicide squads
Apr.26 (AFP) – “Black Tiger” suicide squads, secular Hindus driven by loyalty to the Tamil cause rather than religion, have been sowing terror in Sri Lanka for over two decades.The audacious bombing Tuesday inside Sri Lanka’s main military base, in which a female member of the Tamil Tigers feigning pregnancy blew herself up, was just […]
”s deadliest militant groups
Apr. 26 (AFP) – Sri Lanka’s Tamil Tigers, blamed for a suicide attack against a top military official that threatens to pitch the island back into civil war, is one of the world’s deadliest guerrilla groups.For Liberation Tigers of Tamil Eelam (LTTE) chief Velupillai Prabhakaran the most lethal weapon in his armoury is the young […]