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British to push for Sri Lanka peace
Nov 13, 2006 (AFP) – Sri Lanka’s former colonial ruler Britain will send a special envoy to the island Tuesday to help salvage a tattered peace process, diplomats said.British MP Paul Murphy will meet with Sri Lankan leaders during a three-day visit and share his experience of the Northern Ireland peace process, the British High […]
Sri Lanka faces child soldier charge as Britain tries to save peace
Nov 13, 2006 (AFP) – The United Nations accused Sri Lanka Monday of recruiting child soldiers to battle Tiger rebels as Britain moved to help save a crumbling peace process.Even as mourners protested the assassination of a moderate Tamil legislator, a top UN official issued a scathing attack on government security forces, accusing them for […]
Sri Lanka steps up security ahead of protest over assassination
Nov 13, 2006 (AFP) – Sri Lanka’s police stepped up already tight security in the capital Monday ahead of a mass protest over the assassination of a moderate Tamil legislator and growing rights abuses, officials said.Several major roads in the city were closed and vehicle inspections intensified as anti-war demonstrators prepared to stage a march […]
Eight killed in Sri Lanka in fresh violence
Nov 13, 2006 (AFP) – At least four Sri Lankan soldiers and four Tamil Tiger rebels were killed in separate violence in the island’s embattled northeast, the defence ministry said Tuesday.Three soldiers were killed when Tamil Tiger rebels detonated a bomb in the northern district of Vavuniya on Tuesday, the ministry said, adding that another […]
Sri Lankan markets jittery as bullets fly ahead of next week’s budget
November 10, 2006 (LBO) – Sri Lankan share prices are breaking records amidst flying bullets, but financial markets are uneasy that the government may use next Thursday’s budget to tax capital gains, analysts said. One of Asia’s best performing indexes, the island’s tiny stockmarket is up over 30 percent since January, largely on deal making […]
’07 budget may lift taxes, foreign borrowing
November 10, 2006 (Dow Jones)–The Sri Lankan government is likely to lift taxes and increase foreign borrowing in its 2007 budget in a bid to meet bloated defense costs and fund large development projects, say analysts. They expect the budget deficit next year at 7.5%-8.0% of gross domestic product, down from an expected 9% this […]
Flying Cheap
SINGAPORE, Nov 10, 2006 (AFP) – Costs, not competition, worry Tony Fernandes of AirAsia Bhd, who said Friday he foresees continued expansion for the Malaysian-based lowcost pioneer. “The only thing that we worry about is our cost,” said Fernandes, the airline’s group chief executive. “There can be a hundred low cost carriers out there. It […]
Robust Growth
November 10, 2006 (LBO) – Commercial Bank of Ceylon, one of Sri Lanka’s most profitable commercial banks, Friday posted a 40 percent growth in net profits for the nine months ended Sept. 30, helped partly by capital gains from selling part of shares in DFCC Bank. During the period, the bank also hired Hewitt Outsourcing […]
Sri Lanka reports 12% drop in tourist in Oct; lowest monthly decline since Dec. ˜05
November 10, 2006 (LBO) – Holidaymakers to Sri Lanka fell 12.0 percent for the 12 months to October, the Sri Lanka Tourist Board said Friday, amidst soaring violence in the North and East. Sri Lanka greeted 38,815 visitors in October, the largest monthly decline since December 2005, as government troops and Tamil Tigers stepped up […]
Dialling Up
November 10, 2006 (LBO) – Telecom operator Suntel, a unit of Sweden’s Overseas Telecom AB, plans to spend 3.5 billion rupees next year to expand its network, officials said Friday. Suntel’s other key shareholders includes: Metrocorp (Pvt) Ltd., Townsend Limited of Hong Kong, the NDB Bank, and the International Finance Corporation (IFC) – a member […]
The Drift
SAN FRANCISCO, Nov 9, 2006 (AFP) – A Helio mobile telephone service launched in the United States on Thursday lets users track friends and plot routes using satellite-mapping technology. Helio’s Drift model telephone, custom-built by South Korea’s Samsung Electronics, has a “Buddy Beacon” feature that maps the whereabouts of as many as 25 selected people […]
‘s costly fees drive foreign students into sex work: study
SYDNEY, Nov 10, 2006 (AFP) – The crippling cost of studying in Australia is forcing foreign students to take up risky sex work to make ends meet, a researcher said Friday.A sharp rise in university fees in recent years and visas that restrict international students’ working hours had driven some into illegal prostitution, Sarah Lantz […]