Tag: lankabusinessonline
Sri Lanka expands jumbo cabinet
COLOMBO, Feb 1, 2007 (AFP) – Sri Lanka’s president Thursday swore in another minister increasing the cabinet to a historic high of 54 members. President Mahinda Rajapakse inducted a 52-member cabinet on Sunday morning and added another member by the evening. On Thursday, he named a layman belonging to the Buddhist monks’ party, the National […]
Thin Margin
January 31 (LBO) – Sri Lanka’s state petroleum utility expects to just break even or make a marginal profit in 2006, after a government price supplement subsidy was withdrawn, an official said. Ceylon Petroleum Corporation’s retail prices were state controlled, but the treasury gave it a price supplement until last year based on a formula […]
‘s jumbo cabinet looks for meeting venue
Jan 31, 2007 (AFP) – Sri Lanka’s newly inducted 53-member cabinet has put off its first meeting for want of a venue and other logistical problems, press reports here said Wednesday.The delay came as Sri Lanka’s party of Buddhist monks announced they were also joining the government, a move that would further increase the massive […]
‘s east
Jan 31, 2007 (AFP) – Six policemen were killed and several more wounded Wednesday in a roadside bomb attack carried out by Tamil Tiger rebels, the defence ministry said. The rebel Liberation Tigers of Tamil Eelam (LTTE) set off a powerful Claymore mine against a bus transporting constables travelling home on leave, a ministry spokesman […]
Will jumbo cabinet bring stability to Sri Lanka?
Jan 29, 2007 (AFP) – Sri Lanka’s minority government has weakened the opposition with a spate of defections and won a crucial simple majority in parliament, but analysts say the turncoats will only trigger more instability.President Mahinda Rajapakse swore in Sunday a 53-member cabinet, by far the largest since independence from Britain in 1948. He […]
Sri Lanka government appoints 51 member cabinet, claims absolute majority
January, 28 (LBO) – The defection of 18 opposition members has strengthened the administration of President Mahinda Rajapakse, a senior minister said, while the opposition symbolically tore up a co-operation agreement with the government in front of journalists. œThe most experienced and ablest member of the opposition has joined the government, Information Minister Anura Yapa […]
‘s defect to government
Jan 28, 2007 (AFP) – A group of Sri Lankan opposition lawmakers defected Sunday, effectively scuttling a landmark peace deal aimed at ending decades of separatist violence in the island, officials said.Eighteen members of the right-wing United National Party (UNP) formally joined the leftist government of President Mahinda Rajapakse at his office in Colombo, a […]
Sri Lanka rejects child soldier allegations
COLOMBO Jan, 26 (AFP) – Sri Lanka rejected Friday allegations by a human rights group that its security forces supported recruitment of child soldiers, but pledged an “independent” probe into the charges.The government said New York-based Human Rights Watch lacked evidence to backup its allegations of military support for enlisting child soldiers, relying instead on […]
Sri Lanka navy sinks rebel boats to foil port attack
Jan 27, 2007 (AFP) – Sri Lanka’s navy attacked and destroyed three Tamil Tiger boats on Saturday as the rebels launched their first assault on the port of Colombo in 10 years, the defence ministry said.Naval craft blew up one boat after the three were spotted near a restricted zone before chasing and sinking the […]
Petrol Tug
January 26, (LBO) – Ceylon Petroleum Corporation will purchase a tug to support tanker operations at its offshore petroleum unloading facility, a top official said.CPC Chairman Asantha de Mel says the tug is estimated to cost five million US dollars. “We will save about two million dollars a year that we are now paying to […]
Roadside blast kills three in Sri Lanka
Jan 26, 2007 (AFP) – Suspected Tamil Tiger rebels set off a Claymore mine in northern Sri Lanka Friday, killing two security personnel and a civilian, police said. The powerful roadside bomb was exploded in the district of Vavuniya as troops and police were on a routine patrol, a police official in Vavuniya town, 260 […]
Railway Estate
January 25, 2007 (LBO) – Sri Lanka plans to raise over 1.2 billion dollars in foreign investments to develop real estate along a railway on the island’s western coastal belt, an official said Thursday. The railways operate at a huge loss with a revenue of three billion rupees each year against a state subsidy of […]
