Tag: lankabusinessonline
Sri Lanka beefs up security after bus bombings
Jan 8, 2007 (AFP) – Sri Lanka Monday stepped up security on public transport across the country after two weekend bomb attacks killed 21 passengers and wounded about 120, police said. Passengers were forced to line up for security checks before boarding buses and trains that bring in about 70 percent of the one million […]
UN fears for Sri Lankan civilians as attacks escalate
Jan 8, 2007 (AFP) – The United Nations Monday condemned weekend bomb attacks on bus passengers in Sri Lanka and and called on the combatants in the island’s ethnic conflict to ensure civilian safety in battle zones. “The United Nations calls for the protection of all civilians throughout the island,” the statement said. The bus […]
Bingo
January 5, 2007 (LBO) – Sri Lanka Friday inked a 5.16 billion rupee (47.8 million dollar) agreement with Indian fuel retailer Lanka IOC Ltd. to settle a long standing subsidy payment. Lanka IOC is 75 percent-owned by Indian Oil Corp., with the remaining 25 percent listed on the Colombo Stock Exchange. The company commenced operations […]
Sri Lanka jets destroy rebel navy base
Jan 5, 2007 (AFP) – Sri Lankan air force jets conducted a fourth straight day of raids Friday against Tamil Tiger positions in the north of the island, a military spokesman said. Brigadier Prasad Samarasinghe said a dawn raid by Israeli-built Kfir jets “completely destroyed” a Liberation Tigers of Tamil Eelam (LTTE) base at Wilawattai […]
Indonesia captures Sri Lankan wanted in US for arms smuggling
JAKARTA, Jan 5, 2007 (AFP) – Indonesian police have captured a Sri Lankan wanted in the United States for allegedly smuggling arms for use in terrorist attacks in New York, police said Friday. Pratheepan Thavarajah, 32, was arrested on Thursday at Soekarno-Hatta International Airport in Jakarta just as he was boarding a flight to Kuala […]
Four dead in Sri Lanka bus blast
Jan 5, 2007 (AFP) – At least four people were killed and 50 wounded in a bus blast near Sri Lankan capital Colombo, police said Friday.A bomb ripped through the passenger bus driving between Nittambuwa and Giriulla during the evening rush hour on the main Colombo-Kandy highway. The bus immediately caught fire, eye witnesses said. […]
Five dead in Sri Lanka bus blast
Jan 5, 2007 (AFP) – Suspected Tamil Tiger rebels set off a powerful explosion aboard a bus, killing at least five people and wounding 50 others near Sri Lankan capital Colombo, defence ministry said. A bomb ripped through the passenger bus driving between Nittambuwa and Giriulla during the evening rush hour on the Colombo-Kandy highway. […]
Costly Ride
January 4, 2007 (LBO) – Gasoline prices in Sri Lanka will go up by 5-percent, to keep pace with rising world oil prices that are currently hugging the 60 dollars a barrel mark, the government said Thursday. A net oil importer, Sri Lanka’s fuel bill climbed up to around to 2.2 billion dollars last year, […]
Early Warning
January 2, 2007 (LBO) – Gasoline prices are likely to go up by 5-percent in Sri Lanka, the state-run fuel retailer warned Tuesday, as global oil prices hit 60 dollars a barrel. Petrol at the pump now costs 92.00 rupees a litre, and Ceylon Petroleum Corp. Chairman Asantha de Mel said they are looking at […]
Fresh Slate
December 30 (LBO) – The Sri Lanka government has agreed to offload half the 60 billion-rupee long-term debt of the Ceylon Electricity Board from January and re-schedule the balance to be paid after five years. The CEB sells about seven billion units of electricity each year, with households using up 2550 million units with an […]
Pipeline Plans
December 29 (LBO) – Sri Lanka has signed a deal Friday with India’s National Thermal Power Corporation to build a 500 million dollar coal power project in the east of the island. The 500-megawatt capacity project to be built in Trincomalee will be jointly held by the state utility, Ceylon Electricity Board (CEB) and the […]
Crew seeks return home as Jordanian ship runs aground
Dec 24, 2006 (AFP) – The Iraqi skipper of a cargo vessel that ran aground near Tamil Tiger-held territory in Sri Lanka asked Red Cross officials on Sunday to arrange the crew’s return home, the guerrillas said. The Jordanian-registered Farha III ship ran aground in northeastern Sri Lanka late Saturday, sparking a war of words […]