Category:
‘s commitment: envoy
March 28, 2007 (LBO) – The construction of a new building for the British High Commission (embassy) is a symbol of Britain’s commitment to Sri Lanka, its envoy said in Colombo. The High Commision says the building which is scheduled to open in early 2008, was designed by British architect Richard Murphy, with Sri Lankan […]
Sri Lanka troops capture key Tiger base: military
March 28, 2007 (AFP) – Sri Lankan troops Wednesday captured a key Tamil Tiger rebel stronghold in the island’s embattled eastern region, the military said.Troops took control of Kokkadichcholai in the district of Batticaloa and seized a large haul of arms, ammunition and land mines from the Liberation Tigers of Tamil Eelam (LTTE) base, the […]
Sri Lanka sets up hot line to track flying Tigers
March 28, 2007 (AFP) – Sri Lanka Wednesday set up a telephone hot line to receive information about aircraft operated by Tamil Tiger rebels after they staged their first aerial strike against the military. President Mahinda Rajapakse initiated the dedicated telephone number manned by the military as an early warning system about intruding rebel aircraft, […]
” by escalating violence in Sri Lanka
UNITED NATIONS, March 27, 2007 (AFP) – UN chief Ban Ki-moon is “disturbed” by the extensive violations of the ceasefire in Sri Lanka and urges the rival sides to resume negotiations without preconditions, his press office said Tuesday. “The secretary general is disturbed by the extensive and escalating violations of the ceasefire,” his office said […]
Development Equity
March 27, 2007 (LBO) – The Asian Development Bank (ADB), which is funding the breakwater and dredging of Colombo port’s expansion project, may take an equity stake in one of its container terminals, an official said. The South Port project will see three terminals being built in the first phase. Updated ADB Country Director Richard […]
‘s call rates hit 50% in new 12-year high
March 27, 2007 (LBO) – Sri Lanka’s Interbank call rates rocketed to a new 12-year high of 50 percent Tuesday with state banks on the borrowing side, dealers said. Interbank call rates hit 38 percent Monday with the Central Bank keeping cash tight in a bid to dampen raging inflation brought on by excessive money […]
Pitch mystery for South Africa and Sri Lanka
GEORGETOWN, Guyana, March 27, 2007 (AFP) – South Africa and Sri Lanka will be entering new territory when they meet in a World Cup Super Eight match at the Guyana National Stadium Wednesday. Rain prevented both teams from practising Monday and the pitch remained under cover, so the players could not make any assessment of […]
Whatmore dreams of golden future for young giant-killers
ST JOHN’S, Antigua, March 27, 2007 (AFP) – Bangladesh coach Dav Whatmore is dreaming of a golden future for his young side who edged out India for a place in the World Cup Super Eights. Bangladesh have made the second round for the first time and will face Australia, Whatmore’s own country, in their next […]
Sri Lanka Tiger airforce a threat to South Asia: president
March 27, 2007 (AFP) – The emergence of the Tamil Tigers as the world’s first guerrilla outfit with its own planes could be a threat to South Asian security, Sri Lanka’s president said Tuesday. The rebels on Monday successfully flew over the island’s main military airbase and escaped unscathed after dropping several bombs. “The LTTE […]
Suicide bombing attack toll climbs to eight
March 27, 2007 (AFP) – Tamil Tiger rebels Tuesday drove a tractor and trailer loaded with explosives on a suicide mission into an army camp in eastern Sri Lanka, killing at least eight people, a day after their spectacular first ever air raid. Ten people were also wounded in the attack on the Chenkaladi army […]
Sri Lanka offers bonus for kids to return coins in their piggy banks
March 27, 2007 (LBO) – Sri Lanka would offer an immediate 20 percent bonus in stationary for kids who break their piggy banks and deposit the coins in the banking system, officials said. “If children break their piggy banks and bring the coins back to circulation we will give exercise books, pens and rulers to […]
Sri Lanka needs more fiscal, monetary tightening; growth 6.1% in 2007 – ADB
March 27, 2007 (LBO) – Sri Lanka needs more monetary tightening and a smaller budget deficit to improve its economic fundamentals and bring inflation down, the Asian Development Bank (ADB) said Tuesday. We do think monetary policy would have to be tightened further, ADB Country Economist Johanna Boestel said. The Central Bank can succeed in […]