Author: lbostgadmin
Asian Foray
SINGAPORE, Apr.11 (AFP) – India’s sixth largest private bank, UTI Bank Ltd, opened its first international branch in Singapore Tuesday, marking the first step in plans to stamp its footprint in Asia. “This marks the onset of our international operations, as a response to the growing globalisation of the Indian economy,” said UTI Bank chairman […]
Bond traders divided over a change in Sri Lankan interest rates
Apr.11 (LBO) – Sri Lanka’s Central Bank is unlikely to cut interest rates this month, though some traders are expecting a 25 basis point cut. -Mel Gunasekera: mel@ The repurchase rate currently stands at 8.75 percent and the reverse repurchase rate is at 10.25 percent. The repurchase rate is the return on cash deposited by […]
Four soldiers, two aid workers killed in Sri Lanka blast
Apr.10, 2006 (AFP) – At least four Sri Lankan soldiers and two civilians were killed in a landmine blast blamed on the Tamil Tigers in the northern Jaffna province Monday, defence officials said.Brigadier Prasad Samarasinghe, Sri Lanka’s military spokesman, said an army truck was caught in the “mine explosion killing four and seriously injuring two […]
Sri Lanka donors meet Tamil Tigers to save peace talks
Apr.10 (AFP) – Envoys from Sri Lanka’s international donors went Monday to meet Tamil Tiger rebels in a bid to keep peace talks due to be held in Switzerland from April 19 on track, officials said.The ambassadors of Norway, Japan and the European Union (EU) flew north to rebel political headquarters at Kilinochchi to see […]
Canada labels Tamil Tigers terror group
OTTAWA, Apr. 10 (AFP) – Canada has added the Sri Lankan separatist Tamil Tigers to its list of terrorist organizations, Minister of Public Safety Stockwell Day announced Monday.The declaration made it possible for Ottawa to block fundraising in Canada for the Liberation Tigers of Tamil Eelam (LTTE), or Tamil Tigers, a group fighting for the […]
Sri Lanka condemns death of five soldiers as international donors meet LTTE
Apr.10 (LBO) – Sri Lanka Monday condemned the killing of five soldiers in Jaffna today while island’s key international lenders met Tamil Tiger rebels. Five army personnel and three others, including two aid workers, died in a claymore mine blast by suspected Tamil Tiger rebels in northern Jaffna on the A-9 highway between Kodikaamam and […]
Turbo Charge
Apr.10 (LBO) – The World Bank Monday gave out US$35,000 grant to six projects that will help youth development work in Sri Lanka. -LBO Newsdesk: LBOEmail@ In its second consecutive year, the 2006 Small Grants Programme aims to build capacity and develop management skills among Sri Lankans within the ages of 18-30 years, the bank’s […]
Canada to classify Tamil Tigers as terror group: report
MONTREAL, April 06(AFP) – Canada has added to its list of terrorist organizations the Tamil Tigers, a group fighting for the autonomy of northeastern Sri Lanka, the National Post reported Saturday, saying an official government announcement was expected Monday.The Liberation Tigers of Tamil Eelam (LTTE), or Tamil Tigers, would be the 39th organization deemed a […]
‘s east
Apr.07 (AFP) – A Tamil nationalist activist and two Muslim police guards were shot dead in Sri Lanka’s volatile eastern province on Friday, police said.Vanniasingham Vigneswaran, who spearheaded the Tamil Resurgence Movement in Trincomalee, was gunned down near the port town’s main bank in the morning. His movement had often clashed with the Sinhalese majority […]
Sri Lanka talks to go ahead despite killings: peace envoys
Apr.07 (AFP) – Norway’s top Sri Lankan peace envoys said they were confident new talks set for this month would go ahead despite the killings Friday of a pro-Tamil Tiger activist and two police guards.Vanniasingham Vigneswaran, who spearheaded the Tamil Resurgence Movement, a known front organisation of the rebel Liberation Tigers of Tamil Eelam (LTTE), […]
Adding Muscle
SINGAPORE, Apr.07 (AFP) – India, South Korea and Sri Lanka on Friday joined a regional cooperation pact against marine piracy in Asia, bringing to 11 the number of countries that have signed up, the Singapore government said.The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) is a Japanese initiative […]
Euro Credit
Apr.07 (LBO) – The European Investment Bank Friday extended a 70 million euro special credit line to Sri Lanka, to help rebuild small and med-sized industries affected by the December tsunami. Tailor made for Sri Lanka, the credit line can finance up to 75 percent of the cost of individual projects, with borrowers given five-years […]