Author: lbostgadmin
Sri Lanka raises 100 million dollars to meet oil import bill
Sri Lanka has raised a 100-million-dollar loan from foreign banks to help pay hefty oil import bills that threaten to blow a hole in the country’s balance of payments, the Central Bank said Wednesday. Sri Lanka has raised a 100-million-dollar loan from foreign banks to help pay hefty oil import bills that threaten to blow […]
Colombo stocks plunge as trading opens on Tuesday
Colombo stocks fell three percent when trading opened on Tuesday after the Christmas break, following a weekend of violence in the North and East of the country.Colombo stocks fell three percent when trading opened on Tuesday after the Christmas break, following a weekend of violence in the North and East of the country. The All […]
Mine blast kills 10 soldiers in Sri Lanka
Suspected Tamil Tiger rebels killed 10 soldiers and wounded eight Tuesday when they set off a powerful landmine in the Jaffna peninsula in northern Sri Lanka, a military official said.Suspected Tamil Tiger rebels killed 10 soldiers and wounded eight Tuesday when they set off a powerful landmine in the Jaffna peninsula in northern Sri Lanka, […]
Newlyweds
Dialog Telekom, a unit of Telekom Malaysia, said Tuesday it had concluded a deal to buy backbone operator MTT Networks for US$ 19.2 million. Dialog Telekom, a unit of Telekom Malaysia, said Tuesday it had concluded a deal to buy backbone operator MTT Networks for US$ 19.2 million. Presently the island’s largest private communication backbone […]
Tsunami rebuilding suffering in the hand of bureaucracy and racial row
The hidden hand of the December 2004 devastation was touted as the mighty force that could finally settle a 20 year feud simmering between the government and the rebel LTTE in the north and east of the tropical island nation.The hidden hand of the December 2004 devastation was touted as the mighty force that could […]
Sri Lanka braces for high-profile funeral, toll hits six
Fresh violence claimed six more lives in Sri Lanka Monday as Tamil Tiger rebels prepared for the funeral of a Tamil legislator gunned down during Christmas Mass.Fresh violence claimed six more lives in Sri Lanka Monday as Tamil Tiger rebels prepared for the funeral of a Tamil legislator gunned down during Christmas Mass. A police […]
Ham Disaster
On the eve of the first anniversary of the Indian Ocean tsunami, Sri Lanka’s radio amateurs are still struggling to clear emergency communications sets sent almost one year ago, despite the intervention of the country’s newly elected President.On the eve of the first anniversary of the Indian Ocean tsunami, Sri Lanka’s radio amateurs are still […]
Coming Clean
PERALIYA, Sri Lanka, Dec 26 (AFP) – Sri Lanka Monday admitted it had failed to deliver aid effectively to a million tsunami survivors as it paid emotional tribute to the victims of last year’s catastrophe. PERALIYA, Sri Lanka, Dec 26 (AFP) – Sri Lanka Monday admitted it had failed to deliver aid effectively to a […]
Sri Lanka Tamil legislator shot dead at Christmas mass
Unidentified gunmen shot dead Tamil legislator Joseph Pararajasingham during a Catholic Christmas mass in Sri Lanka’s embattled eastern province, police said.Unidentified gunmen shot dead Tamil legislator Joseph Pararajasingham during a Catholic Christmas mass in Sri Lanka’s embattled eastern province, police said. The 71-year-old rebel-allied MP was shot from behind at close range at St.Michael’s church […]
Tamil Tiger blast kills 15 Sri Lankan sailors, more violence feared
Suspected Tamil rebels blew up a navy road convoy in Sri Lanka on Friday killing at least 15 sailors and wounding 15 more, a defence ministry official said as the guerrillas warned of more strikes.Suspected Tamil rebels blew up a navy road convoy in Sri Lanka on Friday killing at least 15 sailors and wounding […]
Buffer zone rebuilding gets Red Cross Crescent money
A year after the December 26 tragedy, donors continue bring more assistance, with the most recent coming from the Red Cross in the form of an additional US$ 25 million.A year after the December 26 tragedy, donors continue bring more assistance, with the most recent coming from the Red Cross in the form of an […]
Sri Lanka woos high rollers as tsunami takes away tourists
RATGAMA, Sri Lanka, Dec 24 (AFP) – Sri Lanka’s tourism industry is struggling as earnings slumped following the tsunami, but a year after massive death and destruction an upmarket boutique hotel hopes to spearhead a revival.RATGAMA, Sri Lanka, Dec 24 (AFP) – Sri Lanka’s tourism industry is struggling as earnings slumped following the tsunami, but […]