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India’s Tata Coffee pays 220 million dollars for US’s Eight O’Clock
NEW DELHI, June 26, 2006 (AFP) – India’s largest coffee producer, Tata Coffee Ltd. said Monday it signed a deal to buy U.S.-based Eight O’Clock Co. from Gryphon Investors for 220 million dollars. “This acquisition is a strategic fit with our growth plans and helps Tata Coffee in attaining its objective to become an international […]
AK-47 to remain world’s favorite killing machine for next 20 years — report
UNITED NATIONS, June 26, 2006 (AFP) – The Kalashnikov assault rifle will remain the world’s favorite killing machine in conflict zones for at least the next 20 years because its production is poorly regulated, a report released here Monday said. Up to 70 million AK-47s and variations of its design are in circulation around the […]
Key dates in Sri Lanka’s armed conflict
June 26, 2006 (AFP) – Suspected Tamil Tiger rebels deployed a motorcycle riding suicide bomber to kill Sri Lanka’s number three army officer, Major General Parami Kulatunga, in a suburb of Colombo Monday.June 15, 2006: Blast rips through bus full of civilians, killing 64 and wounding 80. Tigers deny involvement. The Sri Lanka military responds […]
”’ rating
June 26, 2006 (LBO) – Fitch Ratings Lanka on Monday assigned a ‘BBB-(lka)’ rating for People’s Merchant Bank’s long-term debt, citing its parental backing and conservative management techniques, as a reason for it. “The rating reflects the potential support from its shareholders particularly People’s Bank (rated ‘A-(lka)’, which currently owns 39.0 percent of PMBs shares […]
”’
June 26, 2006 (LBO) – Singer (Sri Lanka) Ltd secured a A+(lka) ratings for their upcoming four-year 600 million rupee debenture from Fitch Ratings Lanka, the rating agency said Monday. Fitch also affirmed Singer’s outstanding debentures: • 200 million rupees 2004/2008 • 250 million rupees 2004/2008 • 300 million rupees 2005/2009 • 400 million rupees […]
Kenya expects 2006 tea production to drop more than 10 percent
NAIROBI, June 26, 2006 (AFP) – Kenyan tea production dipped in May and is expected to fall between 10 and 16 percent in 2006 compared with a year earlier due to less rainfall and the lingering effects of a just-ended drought, officials said Monday. The Tea Board of Kenya (TBK) said May output dropped by […]
Cable Guys
June 26, 2006 (LBO) – Sri Lanka Monday asked satellite television broadcasters to get themselves registered and fixed an annual fee of 500,000 rupees. The Telecommunications Regulatory Commission said cable distribution networks and satellite communications networks have to apply by July 21, 2006 to secure a license. It applies to all satellite or cable television […]
”’Clock
NEW DELHI, June 26, 2006 (AFP) – India’s largest coffee producer, Tata Coffee Ltd. said Monday it signed a deal to buy U.S.-based Eight O’Clock Co. from Gryphon Investors for 220 million dollars. “This acquisition is a strategic fit with our growth plans and helps Tata Coffee in attaining its objective to become an international […]
‘s favorite killing machine for next 20 years — report
UNITED NATIONS, June 26, 2006 (AFP) – The Kalashnikov assault rifle will remain the world’s favorite killing machine in conflict zones for at least the next 20 years because its production is poorly regulated, a report released here Monday said. Up to 70 million AK-47s and variations of its design are in circulation around the […]
Sri Lanka announces tighter security after suicide bombing
June 26, 2006 (AFP) – Sri Lanka’s military Monday announced it will bring back tighter security measures across the country following the assassination of a top army general by a suspected Tamil Tiger suicide bomber. Security forces will re-activate all measures that were in place before the February 2002 ceasefire between the government and the […]
Norway reiterates commitment to Sri Lanka peace process
OSLO, June 26, 2006 (AFP) – Norway is determined to continue its mediation efforts in Sri Lanka despite a flare-up in violence on the island and uncertainty about the role of Nordic peace observers, Norwegian officials said on Monday. “Norway remains committed to Sri Lanka, in good times and bad times,” Norway’s special envoy to […]
Catholics call for peace after suicide bombing in Sri Lanka
June 26, 2006 (AFP) – The Roman Catholic church opened a meeting here Monday, calling for peace in embattled Sri Lanka hours after a suspected Tamil Tiger suicide bomber killed himself and four others, including a top army general.Caritas, the social development arm of the church, urged the government and Tiger rebels to honor their […]