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Sri Lanka braces for bloodshed as Tigers honour suicide bombers
July 5, 2006 (AFP) – Tamil Tiger rebels Wednesday marked “Black Tiger Day” to honour 261 suicide bombers, as security was stepped up across Sri Lanka amid fears of more bombings, witnesses and officials said.The already tight security in the capital Colombo was bolstered with the closure of several roads in front of key military […]
Rights group call for impartial probe over latest journalist killing in Sri Lanka
Reporters Without Borders condemned the fourth murder of a media professional in Sri Lanka since the start of 2006 after freelance journalist Lakmal Silva, who specialised in defence questions was killed in a southern Colombo suburb.Reporters Without Borders voiced its fears on the subject, in June 2006, after pro-government media made threats against five Sri […]
Mine attack kills Sri Lanka soldier
July 5, 2006 (AFP) – Suspected Tamil Tiger rebels set off a mine in northern Sri Lanka on Wednesday, killing a soldier, the defence ministry said.The victim was on a routine patrol along a main road in the district of Vavuniya when he was hit by a Claymore mine, defence ministry spokesman Prasad Samarasinghe said.The […]
Tigers accuse Sri Lanka of preparing for war
KILINOCHCHI, Sri Lanka, July 5, 2006 (AFP) – Tamil Tiger rebels run a de facto state in this northern town, but face increasing isolation and deadly battles with the Sri Lankan government which they contend is preparing for war.The Liberation Tigers of Tamil Eelam (LTTE) have been stung by a ban slapped on them by […]
Sri Lanka’s budget deficit expands to 3.2% by end April
July 4, 2006 (LBO) – Sri Lanka’s budget deficit for the four months to April rose to 3.2 percent of GDP from 2.9 percent of GDP a year before as the government spent more on capital expenditure and salary increments for civil servants and subsidies, the Finance Ministry said Tuesday. The government raised about 100 […]
European Union to fund Sri Lanka’s war refugees
July 4, 2006 (AFP) – The European Union Tuesday announced seven million euros (8.9 million dollars) in aid for some 400,000 people displaced by the drawn-out separatist conflict in Sri Lanka since 1972.The money, channeled through 20 local and international relief agencies, will go to refugees mainly in the island’s embattled northern and eastern regions, […]
Shares prices close flat; rupee steadies against the U.S. dollar
July 4, 2006 (LBO) – Shares prices in Colombo closed flat Tuesday on lackluster trade awhile the Sri Lankan rupee gained marginally against the dollar, dealers said. The wider All Share Price Index crept up 0.01 percent or 0.22 points to 2,113.15 on volumes of 6.7 million shares worth 141.42 million rupees. Among the gainers […]
Sri Lanka steps up alert as Tigers honours suicide bombers
July 4, 2006 (AFP) – Sri Lanka stepped up already tight security Tuesday as Tamil Tiger rebels prepared to celebrate “Black Tiger Day” honouring the 261 men and women who have staged suicide bombings, officials said.The Liberation Tigers of Tamil Eelam (LTTE) arranged Hindu religious services across the territory under their control to mark Wednesday’s […]
‘s budget deficit expands to 3.2% by end April
July 4, 2006 (LBO) – Sri Lanka’s budget deficit for the four months to April rose to 3.2 percent of GDP from 2.9 percent of GDP a year before as the government spent more on capital expenditure and salary increments for civil servants and subsidies, the Finance Ministry said Tuesday. The government raised about 100 […]
‘s war refugees
July 4, 2006 (AFP) – The European Union Tuesday announced seven million euros (8.9 million dollars) in aid for some 400,000 people displaced by the drawn-out separatist conflict in Sri Lanka since 1972.The money, channeled through 20 local and international relief agencies, will go to refugees mainly in the island’s embattled northern and eastern regions, […]
Sri Lanka’s Central Bank governor wants to keep rates steady
July 3, 2006 (LBO) – Sri Lanka does not need to raise interest rates despite galloping inflation and negative real interest rates, the island’s newly appointed Central Bank governor said Tuesday.The country’s annual inflation rate shot up to 17.7 percent, data showed last Friday, underlining the need for a rate hike. Sri Lanka’s treasury bill […]
Sri Lanka’s new Central Bank governor says he will protect its independence
July 3, 2006 (LBO) – Sri Lanka’s newly appointed central bank governor says he will promote the independence of the institution, which has come under fire from independent economists in recent years for submitting to fiscal dominance and pushing up inflation. But some previous governors who held shares in financial institutions have sold out after […]