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Sri Lanka army chief in Singapore for treatment after bomb attack
June 18, 2006 (AFP) – Sri Lanka’s army chief Sarath Fonseka who survived a suicide bomb assassination attempt two months ago has been flown to Singapore for medical treatment, military officials said Sunday. Lieutenant General Fonseka, who was critically wounded in the bomb attack carried out inside the tightly-guarded army headquarters here on April 25, […]
‘ limpet style sea mines
June 18, 2006 (AFP) – Sri Lankan police Sunday were investigating a new type of improvised sea mine developed by Tamil Tiger rebels to target naval craft, police chief Chandra Fernando said Sunday. Police have questioned four of five men arrested Saturday while laying the mines, which are similar to limpet mines. They stick magnetically […]
Burning Low
June 18, 2006 (LBO) – Sri Lankans have been urged to crawl under the sheets early, turn up the heat on air-conditioners and give up late night football to save energy¦..or not. But despite the best laid plans, “what people really respond to is price”, Siyambalapitiya says, over any real goodwill to dim the lights […]
Sea mine laying rebels netted in Sri Lanka: police
June 17, 2006 (AFP) – Sri Lankan police Saturday arrested five suspected Tamil Tiger frogmen who were laying mines along a strategic sea lane used by naval craft, police chief Chandra Fernando said.The inspector general of police said information from local residents helped them to make the arrest of the frogmen laying a locally produced […]
Tigers threaten to retaliate over Sri Lanka air attacks
17, 2006 (AFP) – Sri Lanka’s Tamil Tiger rebels Saturday warned the government that they will retaliate against air strikes and artillery attacks carried out by security forces amid escalating violence. The rebel Liberation Tigers of Tamil Eelam (LTTE) said they asked peace broker Norway to convey a “strong warning to Colombo of possible retaliation […]
Sea battle kills at least 51 in Sri Lanka
June 17, 2006 (AFP) – At least 15 Sri Lankan naval troops, 30 Tamil Tiger rebels and six civilians were killed in major sea and land battles along the island’s northwestern coast Saturday, officials said.Helicopter gunships were pressed in to defend naval patrol craft which came under attack off the northwestern coast, the defence ministry […]
Sri Lanka reports US$ 400 million lower foreign exchange reserves in May
June 16,2006 (LBO) Sri Lanka’s official reserves fell to 3.4 months of imports, as the central bank spent almost 100 million dollars defending the currency in May, the latest data released by the country’s Central Bank showed. In the June monetary policy statement released Friday, Central Bank said gross official reserves stood at 2.6 billion […]
Sri Lanka hikes interest rates by 25 basis points to curb inflation
June 16, 2006 (LBO) – Sri Lanka’s Central Bank unexpectedly raised key interest rates by 25 basis points after a five month lag Friday, in a bid to curb inflation amidst soaring global oil prices.The next regular statement on monetary policy is scheduled for Friday July 14. Please click here to read Central Bank’s monetary […]
Calling Cabbies
June 16, 2006 (LBO) — Sri Lanka has structured a call option instrument, which allows investors to bid for nine taxi service licenses to be auctioned on the Colombo Stock Exchange, officials said.Bidding, which runs for nine days, is due to open on August 14 and investors have to put up a 25 million rupee […]
Sri Lankan warplanes pound Tamil Tigers
June 16, 2006 (AFP) – Sri Lankan air force jets bombarded suspected Tamil Tiger positions Friday for a second straight day after the rebels were blamed for a landmine blast that killed 64 people, a military official said.Warplanes bombed Tiger positions in the island’s northern and eastern regions at first light and again at last […]
Sri Lanka bombs rebels but vows peace
June 16, 2006 (AFP) – Sri Lanka’s president vowed not to allow the killing of 64 bus passengers derail the island’s peace process as the air force bombarded Tamil Tiger positions Friday for a second straight day. Security was stepped up in the main city of Colombo as the authorities prepared to hold a mass […]
Sri Lanka 1Q06 GDP over 7%
June 16, 2006 (LBO) – Sri Lanka’s 24-billion dollar economy has expanded in excess of seven percent during the first quarter of this year, a senior government official said. “Economic growth has been very steady, growing at just over 7-percent for the first quarter of this year,” Secretary to the Policy Planning Ministry, Nivard Cabraal […]