Tag: lankabusinessonline
Alternative Fund
February 09 (LBO) – Sri Lanka will set up an agency to administer the renewable energy sector in Sri Lanka and also establish a fund to support newer forms of energy, a senior minister said. Sri Lanka’s cabinet of ministers had approved the setting up of Sustainable Energy Authority, but the draft law would have […]
Sri Lanka town shuts down to mourn slain Hindu priest
Feb 9, 2007 (AFP) – A town in Sri Lanka’s embattled east shut down Friday as a sign of respect for a Hindu priest gunned down four days after he welcomed President Mahinda Rajapakse to a former guerrilla stronghold.Military officials said shops closed and transport was halted in Valachchenai to mourn Selliah Parameswar, who was […]
Sri Lanka president sacks three ministers in surprise move
COLOMBO, Feb 9, 2007 (AFP) – Sri Lanka’s president Friday sacked three ministers, including the former foreign minister, amid growing dissension within the newly-elected 54-member cabinet, officials said. With last month’s defections, Rajapakse’s Sri Lanka Freedom Party (SLFP) enjoys a majority and the sacking of the three ministers will not immediately cause any problems for […]
” by US peace envoy call
Feb 8, 2007 (AFP) – Sri Lanka Thursday said it was not ‘unduly worried’ over a proposal to US President George W.Bush by American lawmakers to appoint a special envoy to help bring peace to the embattled Indian Ocean island.Sri Lanka cabinet spokesman and Media Minister Anura Yapa said Colombo believed the US would continue […]
Not Funny
February, 08 (LBO) – A decision by the Ceylon Petroleum Corporation to tender its liquid petroleum gas output in the open market will re-create an absolute monopoly, Sri Lanka’s second gas retailer has said. CPC which produces about 10 percent of the country’s annual L P gas requirements now sells its production to Laugfs Lanka, […]
Hindu priest shot dead after welcoming Sri Lanka president
Feb 8, 2007 (AFP) – Suspected Tamil Tiger rebels shot dead a Hindu priest who welcomed President Mahinda Rajapakse to a former guerrilla bastion in the island’s east, military officials said Thursday. Selliah Parameswar was dragged out of his house in Batticaloa district and shot dead late Wednesday by a group of unidentified gunmen, officials […]
Oil Deposit
February 07, 2007 (LBO) — Sri Lanka has asked governments of India and China to make a 100 million dollar deposit each, for securing a block to explore oil off the shores of the island, a top official said.“Out of the eight identified oil blocks we have given one each to India and China on […]
Call to free detained journalists in Sri Lanka
Feb 7, 2007 (AFP) – International media rights groups have demanded the release of three Sri Lankan journalists who went missing earlier this week in the capital Colombo.Media organisations have described Sri Lanka as one of the most dangerous places for journalists in South Asia. The Paris-based Reporters Without Borders (RSF) urged President Mahinda Rajapakse […]
Post Men
Feb 06, 2007 (LBO) – Sri Lanka is boosting is postal service with thousands of new postmen, the country’s outgoing posts minister said. Former posts and telecommunications minister D M Jayaratne, who was replaced in a recent cabinet re-shuffle, said Sri Lanka post had received state approval to recruit 5,000 postmen and 4,000 substitutes. The […]
Option Collar
February 6 (LBO) – The Ceylon Petroleum Corporation will hedge up to a quarter of its diesel imports using options, with the first contract to be signed in a matter of days, officials said Tuesday.. Ceypetco wanted to cap the diesel import price at around 70 dollars a barrel, but the price had already moved […]
Blast injured count climbs to 17
COLOMBO, Feb 6, 2007 (AFP) – At least 17 people were hurt Tuesday when a grenade was accidentally detonated during a demonstration by a police officer at an exhibition in the capital marking Sri Lanka’s independence, police said.. Headline corrected “We have ruled out anyone hurling a grenade at the stall of the STF (Special […]
Gas Change
February 06, (LBO) – Ceylon Petroleum Corporation would call open tenders to sell the liquid petroleum gas produced at its refinery, Petroleum Minister A H M Fowzie said. Laugfs Gas, the company which had a 5-year contract to buy the LP Gas from Ceypetco had been given a 3-month extension until April 21. Laugfs now […]