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Bomb hoax halts traffic in Colombo
June 13, 2006 (AFP) – Traffic was held up along a highway in Sri Lanka’s main city of Colombo Tuesday following a bomb hoax, police said. An anonymous caller had warned of a bomb at a state bank building in the city but a search turned up nothing, a police official here said. Last month, […]
Sri Lanka’s Central Bank likely to freeze main interest rates
June 12, 2006 (LBO) — Sri Lanka’s central bank is likely to keep its benchmark interest rates unchanged for the sixth month in a row, preferring a wait-and-see policy over the economy amid deteriorating security situation and a gradual rise in inflation. “There is at the present time no room for a Norwegian initiative in […]
Sri Lanka accuses Tigers of ‘intransigence’
OSLO, June 12, 2006 (AFP) – Sri Lankan Foreign Minister Mangala Samaraweera on Monday accused the rebel Liberation Tigers of Tamil Eelam (LTTE) of intransigence after the recent breakdown in talks between the two sides.The rebels on Thursday aborted a two-day meeting in Oslo with Colombo representatives arranged by Norway to discuss the safety of […]
Sri Lanka’s new air chief follows in father’s flight path
June 12, 2006 (AFP) – Air Vice Marshal Roshan Goonetileke took command of Sri Lanka’s air force Monday, 25 years after his father retired from the post.Goonetileke, 50, inspected an honour guard before being handed the command at a ceremony in Colombo. Among those attending was Goonetileke’s father, retired air vice marshal Harry Goonetileke, 76, […]
‘s Central Bank likely to freeze main interest rates
June 12, 2006 (LBO) — Sri Lanka’s central bank is likely to keep its benchmark interest rates unchanged for the sixth month in a row, preferring a wait-and-see policy over the economy amid deteriorating security situation and a gradual rise in inflation. “There is at the present time no room for a Norwegian initiative in […]
Bad weather, strong demand to keep rubber prices up this week
June 12 (LBO) – Rubber prices in Sri Lanka are expected to stay strong this week as bad weather and a resulting supply crunch drive prices upwards, brokers say.Annual monsoon rains until August is affecting tapping on plantations, with supplies usually falling by as much as fifty percent at this time of the year. Brokers […]
Mine blast kills soldier in Sri Lanka
June 12, 2006 (AFP) – One soldier was killed and five civilians wounded Monday in two mine blasts in northern Sri Lanka as troops exchanged fire with Tamil Tiger rebels, the military said.More than 60,000 people have been killed in Sri Lanka’s drawn out Tamil separatist conflict in the past three decades.The soldier was killed […]
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OSLO, June 12, 2006 (AFP) – Sri Lankan Foreign Minister Mangala Samaraweera on Monday accused the rebel Liberation Tigers of Tamil Eelam (LTTE) of intransigence after the recent breakdown in talks between the two sides.The rebels on Thursday aborted a two-day meeting in Oslo with Colombo representatives arranged by Norway to discuss the safety of […]
”s flight path
June 12, 2006 (AFP) – Air Vice Marshal Roshan Goonetileke took command of Sri Lanka’s air force Monday, 25 years after his father retired from the post.Goonetileke, 50, inspected an honour guard before being handed the command at a ceremony in Colombo. Among those attending was Goonetileke’s father, retired air vice marshal Harry Goonetileke, 76, […]
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 […]