Lubricant Lease

Oct 23, 2008 (LBO) – Chevron Lubricants Lanka said Thursday it was seeking to extend the lease on the land on which it has its lubricant plant which runs out in July next year. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The Sri Lankan unit of […]

Time Travel

EW YORK, October 22, 2008 (AFP) – Crude oil prices careened lower Wednesday after surging US energy reserves highlighted falling demand in a cooling global economy, and ahead of an OPEC financial crisis meeting. New York’s main contract, light sweet crude for December, skidded 5.43 dollars to close at 66.75 dollars a barrel. It earlier […]

” over Sri Lanka conflict: minister

NEW DELHI, October 22, 2008 (AFP) – India voiced concern Wednesday over the conflict in Sri Lanka as Tamil MPs in parliament clashed over charges of “genocidal attacks” on the Tamil minority in the troubled island nation. Foreign Minister Pranab Mukherjee told parliament that New Delhi had conveyed its worries to Colombo over the safety […]

Indian PM concerned over civilians caught in Sri Lanka conflict

NEW DELHI, October 18, 2008 (AFP) – Indian Prime Minister Manmohan Singh Saturday told Sri Lanka he was deeply concerned about the “deteriorating humanitarian situation” in the war-torn island and urged it to protect Tamil civilians caught in the conflict.Rajapakse assured Singh “all necessary measures” were being taken to keep civilians from harm’s way in […]

Sri Lanka destroys food aid withheld from tsunami victims

October 17, 2008 (AFP) – Sri Lanka said Friday it would destroy a consignment of more than five tonnes of rotting rice and lentils meant for victims of the December 2004 Asian tsunami. The state auditor general in September 2005 noted out of 1.16 billion dollars committed to assist Sri Lankan victims, only 13.5 percent […]

Burst Bubble

LONDON, October 16, 2008 (AFP) – Oil prices slumped further on Thursday, with Brent crude sliding below 68 dollars a barrel to the lowest level for more than 15 months, as slowing energy demand took its toll, traders said.Crude oil futures were down more than 50 percent from record highs of above 147 dollars reached […]

Hissing Noise

LONDON, October 15, 2008 (AFP) – The price of oil slumped below 72 dollars on Wednesday, its lowest level for more than 13 months, as recession fears raised concerns about a prolonged drop in energy demand, analysts said. The global financial crisis will give a vicious twist to an economic slowdown and is hitting world […]

CHENNAI, October 15, 2008 (AFP) – A group of MPs from southern India have threatened to quit unless the government intervenes to halt “atrocities” against fellow Tamils in Sri Lanka. The 38 deputies from Tamil Nadu are allies of India’s ruling Congress party and their resignations could threaten the stability of the national government. “If […]

Sri Lanka World Bank office clarifies SEC job

Oct 13, 2008 (LBO) – Sri Lanka’s World Bank office says the spouse of country director has been hired by the island’s securities watchdog by a competitive process and it has been cleared by the lender’s ethics committee. The full statement is reproduced below: With reference to the reports in news media about the employment […]

Sri Lanka Tamil Tigers may be formally outlawed, says Australia

SYDNEY, October 13, 2008 (AFP) – Australia is considering formally declaring Sri Lanka’s separatist Tamil Tigers a terrorist group, Foreign Minister Stephen Smith said Monday, calling for a political solution to the island’s civil war.Visiting Sri Lankan Foreign Minister Rohitha Bogollagama said he had asked Canberra to join countries such as Britain and the United […]

UN chief rails against suicide attacks in Sri Lanka

UNITED NATIONS, October 7, 2008 (AFP) – UN chief Ban Ki-moon on Tuesday condemned the latest suicide attacks in Sri Lanka, including one which killed at least 27 people.The attack in the northern town of Anuradhapura came as the Sri Lankan military appeared on the verge of capturing the rebel Tigers’ key headquarters as part […]

‘s northern offensive

NEW DELHI, October 7, 2008 (AFP) – India criticised Sri Lanka in a rare intervention into the island’s internal affairs, saying civilian deaths during a military offensive against Tamil rebels were a cause of grave concern. The fall of Kilinochchi would be the biggest loss in 13 years for the Tigers. India’s National Security Advisor […]

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