‘s PM

NEW DELHI, April 15, 2009 (AFP) – With a combined age of 157, the two men vying for the post of India’s prime minister are having a high old time lobbing ageist stones at each other from their respective glasshouses. Incumbent Manmohan Singh, 76, of the ruling Congress Party and 81-year-old L.K. Advani of the […]

Sri Lanka fighting resumes after ceasefire

April 15, 2009 (AFP) – Sri Lankan security forces resumed their offensive against Tamil Tiger rebels in the north of the island on Wednesday following a brief holiday ceasefire, the two sides said.The navy attacked two Tamil Tiger boats that tried to approach the coastline on Wednesday, killing at least 10 guerrillas, navy spokesman Captain […]

Heavy fighting resumes in Sri Lanka

April 15, 2009 (AFP) – Sri Lankan troops resumed their all-out offensive against Tamil Tiger rebels in the north of the island on Wednesday following a brief holiday ceasefire, officials said. They were also consolidating positions in recently captured areas, and on Tuesday recovered several surface to air missiles and hundreds of landmines stored by […]

Sri Lankan troops, Tigers trade fire as ceasefire ends

April 15, 2009 (AFP) – Sri Lankan troops resumed their offensive against Tamil Tiger rebels in the northeast at the end of a 48-hour ceasefire, the two sides said early Wednesday.The government had wanted the Tigers to free civilians during the break in fighting, but military officials said there was no large exodus over the […]

EU presidency urges truce extension in Sri Lanka

BRUSSELS, April 14, 2009 (AFP) – The EU presidency on Tuesday welcomed the Sri Lankan government’s two-day pause in its offensive against Tamil rebels, but called for a longer halt amid grave concerns over civilian safety. The EU statement stressed that both sides of the conflict should respect human rights and international humanitarian law. The […]

Sri Lanka gets ADB funds for power projects

April 15, 2009 (LBO) – The Asian Development Bank (ADB) said it will provide 160 million US dollars in loans to Sri Lanka to expand and improve electricity services, especially to the poor and those living in conflict-affected areas. The funds will be used to support energy efficiency improvements, to develop the use of renewable […]

Economic crisis a gift to people traffickers: Australia

NUSA DUA, April 15, 2009 (AFP) – People traffickers are licking their lips as the world economic downturn pushes more people to migrate in search of work, Australia’s foreign minister told Asian ministers Wednesday.Stephen Smith told a gathering of ministers and high-level officials from more than 60 countries, mostly from the Asia-Pacific region, that the […]

Sri Lankan rebels say ready for truce, peace talks

April 14, 2009 (AFP) – Sri Lanka’s Tamil Tiger rebels said Tuesday they were ready to negotiate a ceasefire with government forces and restart peace talks to halt decades of ethnic bloodshed.The government said it hoped that non-combatants would be able to leave a narrow strip of coastal jungle where they are allegedly held hostage […]

Sri Lanka Eagle Insurance says competition eroding profitability

Apr 14, 2009 (LBO) – Sri Lanka’s Eagle Insurance, whose 2008 profits fell 12.0 percent to 463.7 million rupees, says it faces tough competition in motor insurance, higher claims and increasing lapse rates. Eagle Insurance Group’s holdings of government securities have increased by 17.1 percent or 1.65 billion rupees, to 11.6 billion. Interest income from […]

Australian parliament examines sports news row

CANBERRA, April 14, 2009 (AFP) – Australia’s Senate will this week examine a critical dispute between sports administrators and global media over the use of digital technology to cover sporting events. The issue has become increasingly controversial, sparking media boycotts of major events as sports bodies seek to impose strict conditions on how games are […]

Pakistan president signs sharia law deal

ISLAMABAD, April 14, 2009 (AFP) – Pakistan’s president signed an accord to put part of the country under Islamic law as part of efforts to end a Taliban insurgency, despite fears Tuesday that it would encourage extremism. President Asif Ali Zardari’s move formalises a controversial deal between a pro-Taliban cleric, who led thousands of supporters […]

Sri Lanka will be more attractive to investors after IMF bailout: CB official

Apr 14, 2009 (LBO) – Sri Lanka will become more attractive for investors once an International Monetary Fund stamp of approval comes with a bailout package, a top central bank official has said. “Once the IMF come in there would be more confidence, where you will find more development partners and foreign investors who would […]

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