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EU likely to put Sri Lanka’s Tamil Tigers on its terror list Monday
VIENNA, May 27, 2006 (AFP) – The European Union is expected to put Sri Lanka’s Tamil Tigers on its list of terrorist groups next week, a spokesman for the EU’s Austrian presidency said Saturday. The Palestinian group Hamas, the Kurdistan Workers’ Party (PKK) and the armed Basque separatist group ETA are on it.The EU move, […]
Goodie Bag
May 27, 2006 (LBO) – Investors off-shoring business to Sri Lanka will get special tax breaks from the Board of Investment, under a revamped incentive list out in a few weeks. Sri Lanka is trying to pry away some of the business for Business Process Outsourcing(BPO) and other Information Technology enabled services away from neighbouring […]
World press chiefs tackle terrorism and Internet rise
EDINBURGH, May 27, 2006 (AFP) – Journalism in the modern, high-tech age and the perils of reporting on terrorism will be the key topics thrashed out at the International Press Institute’s annual world congress, which opens here Sunday. The three-day conference in the Scottish city brings together some 450 participants from 60-odd countries to tackle […]
Sri Lanka could be heading for war: Norwegian envoy
May 27, 2006 (AFP) – Sri Lanka could be heading back to all-out war, the top Norwegian envoy to the island warned Saturday, saying the peace process was more difficult than he had believed. Erik Solheim made the comments in New Delhi after his deputy, Jon Hanssen-Bauer, met the head of the rebel Tamil Tigers […]
” looming in Sri Lanka
NEW DELHI, May 27, 2006 (AFP) – Norway’s top peace envoy to Sri Lanka, Eric Solheim, said Saturday a major crisis was brewing in the tropical island and that it could be headed back to full-scale civil war. Norway was committed to its role as facilitator despite the problems in the situation, he said. “We […]
Norway seeks fresh talks in Sri Lanka to save truce
May 27 (AFP) – Peace broker Norway Saturday asked Tamil rebels and the Sri Lankan government to attend a meeting next month to discuss the role of Scandinavian monitors observing a troubled ceasefire, rebel sources said.The SLMM last week asked for more monitors to boost its 60-member unarmed force. The rebel Liberation Tigers of Tamil […]
‘s Tamil Tigers on its terror list Monday
VIENNA, May 27, 2006 (AFP) – The European Union is expected to put Sri Lanka’s Tamil Tigers on its list of terrorist groups next week, a spokesman for the EU’s Austrian presidency said Saturday. The Palestinian group Hamas, the Kurdistan Workers’ Party (PKK) and the armed Basque separatist group ETA are on it.The EU move, […]
Behave or you’re history, Nepal’s finance minister warns king
KATHMANDU, May 26, 2006 (AFP) – Humbled King Gyanendra must “behave” or he has no future even as a ceremonial monarch, Finance Minister Dr Ram Sharan Mahat told AFP, revealing a royal spending spree before absolute rule was brought to an end.Gyanendra’s conduct had been “very good” in the month since he relinquished his 14-month […]
Singapore’s Banyan Tree launches IPO
SINGAPORE, May 26, 2006 (AFP) – Singapore-based luxury resort and spa chain the Banyan Tree on Friday launched an initial public offering (IPO) worth up to 407 million Singapore dollars (259 million US). The resort and spa chain is issuing some 380 million shares at a maximum price of 1.07 dollars each and will make […]
Plumbing Job
May 26, 2006 (LBO) – Sri Lanka’s Seylan Bank’s credit outlook could be downgraded if the bank fails to beef up its capital, improves profitability and arrest chronic problems of bad debts, Fitch Ratings Lanka said Friday. Fitch assigned a ‘BBB+(lka)’ rating for Seylan’s upcoming 4-year 1.5 billion rupee subordinated debenture and affirmed the it’s […]
Asian Hotels kicks off firm sales on new condominium, the Emperor
May 26, 2006 (LBO) – Sri Lanka’s Asian Hotels & Properties Ltd, a unit of conglomerate John Keells Holdings, said Friday that they have started apartment sales based on floor plans of its new condominium complex. “We have now got the floor plans of each unit to sell. Earlier we got bookings based on the […]
Bitter Lessons
May 26 (LBO) – Sri Lanka™s top business chamber called for tough disciplinary action following a two day strike by customs officers, which paralysed imports and exports. The long-term impact on competitiveness of exports that largely depend on meeting delivery deadlines, will undoubtedly be adverse, the Ceylon Chamber of Commerce said in a statement on […]