Tag: Sri Lanka
Sri Lankan firms told tough conditions at home should not decide foreign expansion
Mar 19, 2008 (LBO) – A top Indian consultant says fledgling firms should deal with government regulations and difficult business conditions at home instead of going abroad to avoid them. “You cannot go global based on a weak domestic position, that’s probably the worst way to do it,” says Adil Zainulbhai, who heads the Indian […]
Sri Lanka accused of lying over human rights
March 19, 2008 (AFP) – The International Red Cross on Wednesday angrily accused Sri Lanka’s government of releasing confidential communications and manipulating information from the organisation to defend its rights record. In rare public criticism of a government, the Geneva-based International Committee of the Red Cross (ICRC) said Colombo has been “misrepresenting its findings” to […]
Sri Lanka says soldier killed in roadside bombing
March 18, 2008 (AFP) – A Sri Lankan soldier was killed and two others wounded in a roadside bomb attack in the island’s north Tuesday, the defence ministry said.The victims were on a mine-sweeping operation in the district of Mannar when they were caught up in the blast, the ministry said in a statement. The […]
Sri Lanka boosts blast probe capabilities
Mar 18, 2008 (LBO) – Sri Lanka’s capacity to counter and investigate bomb blasts has been boosted with new equipment from the United States, the island’s police chief said Tuesday. “We were waiting for this type of post blast investigation equipment,” Inspector General of Police Victor Perera said after receiving a stock of hi-tech equipment […]
” over worker attacks
Mar 17, 2008 (LBO) – Sri Lanka’s state-run Rupavahini television station was running with a skeleton staff Monday after the management declared a ‘holiday’ overnight to avert a strike, union workers said. Sri Lanka Rupavahini Workers Union, whose president Anurasiri Hettige was attacked by club-wielding thugs last week, said only a few selected workers were […]
Sri Lanka central bank is creating inflation: economist
Mar 17, 2008 (LBO) — Sri Lanka’s central bank is accountable for inflation and claims of ‘cost push’ factors for rising prices cannot be accepted when well managed countries are reporting single digit price increases, an economist has said.“Inflation is a purely monetary phenomenon,” lead economist of LirneAsia Harsha de Silva, who is a strong […]
Sri Lanka says 33 killed in weekend fighting
COLOMBO, March 17, 2008 (AFP) – At least 31 Tamil Tiger rebels and two security personnel were killed in weekend clashes in Sri Lanka’s north, the defence ministry said Monday. Sri Lanka pulled out of a six-year truce with the LTTE in January, saying it had gained the upper hand militarily in the decades-long conflict. […]
Sri Lankan study sees politics, non-tariff barriers constraining South Asian trade
March 17, 2008 (LBO) – Politics and non-tariff barriers are likely to constrain trade among South Asian nations even if import tariffs are removed, a new study on the benefits of a regional trade pact had said. The study on the benefits of the South Asia Free Trade Agreement (SAFTA) says estimates show that the […]
Sri Lanka police gets hi-tech anti-terror boost from United States
Mar 17, 2008 (LBO) – The United States Department of State’s Bureau of Diplomatic Security will donate 220,000 dollars worth of antiterrorism equipment to Sri Lanka’s national police, a U.S. embassy statement said Monday. . “The purpose of the equipment is to sustain and enhance the critical capabilities of the security forces of Sri Lanka […]
Roadside bomb kills Sri Lankan soldier, fighting rages
March 16, 2008 (AFP) – At least one soldier was killed and four others wounded in a road side bomb attack in northern Sri Lanka Sunday, defence officials said. Suspected Tamil Tiger rebels set off the blast as troops drove in an autorickshaw in Vavuniya district, an area of ongoing heavy fighting between the government […]
Sri Lanka former minister Anura Bandaranaike dies
Mar 16, 2008 (LBO) – Sri Lanka’s former minister Anura Bandaranaike, a member of a powerful political family that has produced two prime ministers and a president, died Sunday at a private hospital, a senior ruling party official said. Anura Bandaranaike is the son of Sri Lanka Freedom Party (SLFP) founder and former prime minister […]
Sri Lanka jets bomb Tiger base: military
March 15, 2008 (AFP) – Sri Lankan government jets bombed a Tamil Tiger training base as fighting across the northern region claimed at least another 29 lives, the defence ministry said Saturday.Sri Lanka pulled out of a six-year-old truce with the LTTE in January, saying it had the upper hand to crush the rebels militarily. […]