Tag: Finance

Mar. 26 (AFP) – Scandinavian truce monitors have said that an alleged Tamil Tiger suicide attack which sank a navy gunboat and killed eight sailors could push Sri Lanka back towards war.The Norwegian-led Sri Lanka Monitoring Mission (SLMM) said they could not accept a denial by the rebel Liberation Tigers of Tamil Eelam (LTTE) of […]

Mar. 25 (AFP) – Eight sailors from the Sri Lankan navy were presumed killed Saturday when a group of suspected Tiger rebels blew themselves up and sank a navy gunboat that approached their trawler, the military said.Six suspected rebels were killed in the blast. The defence ministry said the sinking of the navy craft was […]

Mar. 23(AFP) – The Asian Human Rights Commission Thursday said it was “gravely concerned” at public criticism of Sri Lanka’s audit chief who has exposed government corruption including mishandling of tsunami relief aid. The Hong Kong-based rights group in a statement said the organisation had asked President Mahinda Rajapakse to prevent any attempts to undermine […]

Mar 23(AFP) – The Tamil Tiger rebels Thursday accused Sri Lanka of endangering efforts to end ethnic bloodshed by imposing fresh conditions on their political activity.The Liberation Tigers of Tamil Eelam (LTTE) said the government had forbidden the rebels from flying their own flags on offices they want to re-open in military-held areas of the […]

Mar. 22 (AFP) – Sri Lanka’s navy detained a fishing trawler operated by suspected Tamil rebels off the island’s troubled northern waters Wednesday while troops and guerrillas exchanged fire in the Jaffna peninsula. The crew were being questioned by security forces after they were arrested while operating in a restricted zone off the island’s north, […]

Mar. 21 (AFP) – Sri Lanka’s Supreme Court has ordered the withdrawal of extra cars and staff serving former president Chandrika Kumaratunga after a complaint that her retirement benefits are excessive, a court official said. Chief Justice Sarath N. Silva made the order Monday after launching an investigation into a complaint by three lawyers that […]

Mar 216 (AFP) – Sri Lanka’s navy denied a charge by Tamil Tigers Tuesday that it fired indiscriminately at rebel-held villages in the northeast, saying the incident was a retaliatory strike. The rebel Liberation Tigers of Tamil Eelam (LTTE) said the navy launched an attack on four villages in the Trincomalee district on Monday morning. […]

Mar 20 (AFP) – Sri Lanka’s elections department Monday put off for six months scheduled local government polls in the island’s embattled northern and eastern regions, large areas of which are under the control of Tamil Tiger guerrillas.The vote due on March 30 was postponed till September 30, officials said. They said the decision followed […]

Mar 20 (AFP) – A Sri Lankan airforce officer drowned Monday after falling from a helicopter during a search and rescue exercise, officials said.The man was descending down a cable when it snapped and sent him crashing into the Indian Ocean, a rescuer said adding that the training mission had turned into a real life […]

Mar. 19 (LBO) – Out of more than 1200 readers who responded to an online poll on LBO (33.57 percent) has said Sri Lanka would not achieve 8 percent growth in 2006, while one-sixth (16.98 percent) said the country would never reach 8 percent economic growth. The definite nay sayers totaled 50.55 percent. Meanwhile another […]

Mar. 17 (LBO) – Peace broker Norway Friday named a Middle East expert as Sri Lanka’s new special envoy amid fears that the government and the Tamil Tiger rebels may skip the second round of talks next month. Jon Hanssen-Bauer, 53, replaces Erik Solhem and will be responsible for day-to-day contact with the Colombo based […]

Mar. 16 (LBO) — The trade ministry had abandoned an earlier plan to sell a prime commercial property in Colombo belonging to a state trading agency by open auction, and instead decided to transfer the land to a government bank, an official said.Trade Ministry Secretary R M K Ratnayake says the Union Place land belonging […]