Category:
Top Secret
June 12, 2006 (LBO) – The Sri Lankan government is to ink a deal with Lanka Indian Oil Corp, towards the end of this month, to amend the petroleum pricing formula, officials said. “The small changes to the pricing formula are part of the agreement we reached with the Sri Lanka government on settling the […]
Simmering Heat
SINGAPORE, June 12, 2006 (AFP) – Oil prices were easier in Asian trade Monday, with the market waiting for the next lead on tensions over Iran’s controversial nuclear programme after a fresh spike Friday, dealers said. At 10:30 am (0230 GMT), New York’s main contract, light sweet crude for July delivery, was down 11 cents […]
Indo-Lanka trade relations slip on oily issues
June 11, 2006 (LBO) – Two kinds of oil. One fires up vehicles, the other adds flavour to cooking. The two have managed to create a nasty oil spill between Sri Lanka and India, with trade relations between both countries simmering to boiling point. The spat between Colombo and Indian Oil Corp’s local unit over […]
Oily Cousins
June 11, 2006 (LBO) – Two kinds of oil. One fires up vehicles, the other adds flavour to cooking. The two have managed to create a nasty oil spill between Sri Lanka and India, with trade relations between both countries simmering to boiling point. The spat between Colombo and Indian Oil Corp’s local unit over […]
Australian wine industry battling oversupply of grapes
SYDNEY, June 11, 2006 (AFP) – The Australian wine industry is drowning in a glut of grapes, as it struggles to sell up to one billion litres of wine sloshing around in storage tanks across the country. Record output in 2004 and 2005, and a near-record crush this year, have led to a massive oversupply […]
War of words over a Sri Lanka child deaths
June 11, 2006 (AFP) – Sri Lanka’s Tamil Tiger rebels Sunday accused international rights watchdogs of remaining silent over the killings of 24 children allegedly by government forces. More than 680 people have died over the past six months despite a four-year truce between government forces and the LTTE in an ethnic conflict that has […]
Five killed in Sri Lanka violence
June 11, 2006 (AFP) – At least five people were shot dead in Sri Lanka’s restive northeast port district of Trincomalee and the main city of Colombo at the weekend, military officials said Sunday.In the northeast, two wood-cutters were shot dead at Manirasakulam while two people, including a student, were gunned down in nearby Muttur […]
Sri Lanka peace hopes falter after talks collapse
June 11, 2006 (AFP) – Hopes for peace in Sri Lanka have all but vanished after peace broker Norway’s failure to bring the opposing parties to the table, diplomats say.The Liberation Tigers of Tamil Eelam (LTTE) refused to negotiate with Sri Lanka’s government last week after travelling to Oslo. Diplomatic sources say Norway is now […]
Indonesia arrests 107 Sri Lankan illegal immigrants
JAKARTA, June 10, 2006 (AFP) – Indonesian officials Saturday said they have arrested more than 100 illegal immigrants from Sri Lanka in the latest crackdown on human trafficking.A total of 107 Sri Lankan men were detained when immigration officials raided two houses Thursday in the resort town of Cisarua, said Muhammad Indra, a director with […]
Norway reaffirms Sri Lanka peace broker role
STOCKHOLM, June 10, 2006 (AFP) – Norway said Saturday it would continue to act as peace broker between Sri Lanka and Tamil Tiger rebels despite the recent breakdown in talks between the two sides, which had thrown its role into doubt. The rebels on Thursday aborted a two-day meeting in Oslo with Colombo representatives arranged […]
Slow Trot
June 10, 2006 (LBO) – Sri Lanka raise fuel prices from midnight Saturday after a two-month lag to offset a surge in global oil prices, a top official said. Sri Lankan guzzles around 30 million litres of petrol, 130 million litres of diesel and 18 million litres of kerosene each month. -by Mel Gunasekera The […]
Zimbabwe’s inflation rate soars to new high
HARARE, June 9, 2006 (AFP) – The inflation rate in economically-ravaged Zimbabwe soared to a new record high of 1,193.5 percent for May, officials said on Friday, with economists predicting even higher rates in the coming months. “The year-on-year rate of inflation in May 2006 was 1,193.5 percent, gaining 150.6 percentage points on the April […]