Category:
Clean Records
Sep 7, 2006 (LBO) – The credit information has started to clear the credit records of former defaulters who have repaid their loans, a top official said. General Manager of the Sri Lanka Credit Information Bureau N P H Amarasena says about 67,000 names have been taken off the list of defaulters. The credit information […]
State firms a drag on economy : minister
MOSCOW, Sept 6, 2006 (AFP) – Russia’s Economic Development Minister German Gref lashed out Wednesday against state-owned companies which in his view had a “significantly negative” impact on Russia’s industrial development.“A significantly negative role is played by the state-owned companies, which try to boost their presence on the market by trying to swallow the most […]
Madugalle to conduct Pakistan ball tampering hearing
MUMBAI, Sept 7, 2006 (AFP) – The International Cricket Council (ICC) said on Thursday that Pakistan captain Inzamam-ul-Haq’s hearing in the ball-tampering controversy will be held on September 27 and 28.including Test captains Brian Lara of the West Indies and Rahul Dravid of India. The much-awaited hearing will be conducted by chief match-referee Ranjan Madugulle […]
Government starts to resettle displaced Muslims in eastern Sri Lanka
TRINCOMALEE, Sept 7, 2006 (AFP) – Thousands of Muslims who fled their homes in this coastal district began returning home Thursday as fighting between troops and Tamil Tiger rebels died down, officials said.Some 85 busses transported refugees within this district from relief centres in Kantalai and take them to their homes in the Muslim fishing […]
Sporadic clashes in Northern Sri Lanka after Tiger warning
Sept 7, 2006 (AFP) – Tamil Tiger fighters shot dead at least two civilians in Sri Lanka’s troubled Jaffna peninsula, the defence ministry said Thursday, a day after the rebels warned of retaliatory strikes.Two others were wounded in Wednesday night’s attack by the Liberation Tigers of Tamil Eelam (LTTE), the ministry said. There were also […]
John Keells in early talks to take over Confifi Hotels
Sept 06 (LBO) – Diversified Sri Lankan conglomerate John Keells Holdings is in early talks to buy into the Confifi Hotel group, a top official said. As part of our business strategy we look at various opportunities when they arise.In that context we have looked at this possibility of buying into the Confifi Group as […]
Google to offer news archive going back 300 years
WASHINGTON, Sept 6, 2006 (AFP) – Internet giant Google Inc., was expected to announce Wednesday that it will offer a free archive service enabling Internet users to search for printed articles back to the 1700s, US newspapers reported. Called Google News Archive Search, the service will direct users to both paid and free content on […]
‘s economic growth forecast for 2006-07
MANILA, Sept 6, 2006 (AFP) – China and India are expected to push developing Asia’s economic growth to a better than expected 7.7 percent this year despite high oil prices, the Asian Development Bank said in a report here Wednesday. The bank said average inflation in the region should rise to 3.8 percent this year […]
More deaths in fresh fighting in Eastern Sri Lanka
Sept 6, 2006 (AFP) – At least two Sri Lankan soldiers were killed and 13 others wounded Wednesday in clashes with Tamil Tiger rebels in the country’s restive north-east, military officials said.The Liberation Tigers of Tamil Eelam (LTTE) shelled military positions at Maavilaru village in Trincomalee district where security forces on Monday regained control of […]
Central Bank extends freeze on TRO bank accounts to investigate alleged tiger links
Sept 06 (LBO) – The Central Bank said Wednesday it would extend a freeze on all bank accounts of the charity, Tamil Rehabilitation Organization (TRO) by six months to investigate alleged terrorist links, following an order from Sri Lanka’s High Court. All banking transactions of the TRO were suspended over the weekend, freezing 75 million […]
Norway bids to save Sri Lanka peace process
COLOMBO, Sept 6, 2006 (AFP) – Norway’s top envoy sought to salvage Sri Lanka’s peace process in talks with Tamil Tigers on Wednesday as the rebels vowed retaliation for heavy bombing that led to the capture of a key town. “There is no particular agenda, but obviously today’s situation will be discussed,” Erik Ivo Nurnberg […]
French charity scales down Sri Lanka operations after massacre
Sept 6, 2006 (AFP) – A French charity announced Wednesday it was drastically scaling down its operations following allegations that government troops were responsible for the massacre of 17 of its employees.Action Against Hunger (Action contre la Faim or ACF) said it was reducing its number of staff by 60 to 70 percent and stopping […]