Tag: Sri Lanka
Ill Wind
Dec 01, 2007 (LBO) – Sri Lanka’s power engineers are protesting a controversial deal with Enercon, an Indian energy firm, alleging a massive procurement scandal after authorities approved the project when it was shot down by an evaluation committee. The Ceylon Electricity Board Engineers Union (CEBEU) said the government was about to award a letter […]
Sri Lanka warned of impending foreign debt crisis by IMF
Nov 30, 2007 (LBO) – The International Monetary Fund (IMF) has warned that Sri Lanka may be heading towards a foreign debt crisis unless the island changed its recent habit of borrowing commercial dollars to bridge high budget deficits. IMF’s executive directors in an assessment after the international monetary watchdog completed its annual Article IV […]
Sri Lanka needs spectacular fiscal gains to reach revised budget: economist
Nov 29, 2007 (LBO) – Sri Lanka’s state revenues have to grow twice as fast in the last quarter and expenses growth has to plunge to single digits for revised budget targets for 2007 to be reached, a private sector economist said. . According to disclosures under Sri Lanka’s fiscal responsibility law revenue up to […]
Sri Lanka should print less money and budget better: IMF
Nov 29, 2007 (LBO) – The International Monetary Fund (IMF) has asked Sri Lanka to print less money and have better budgets to prevent balance of payments problems and high inflation, after its annual discussions with the island. IMF’s executive board assessing Sri Lanka in the annual Article IV consultations with the island said recent […]
”: report
TOKYO, Nov 29, 2007 (AFP) – Sri Lankan President Mahinda Rajapakse has vowed to “wipe out terrorists” amid fears of a return to all-out war with the Tamil Tiger rebels, a newspaper said Thursday.“We put pressure on the group to give up its arms and enter the political mainstream. Terrorists must be wiped out from […]
UN chief slams Sri Lanka attacks
UNITED NATIONS, Nov 28, 2007 (AFP) – UN chief Ban Ki-moon on Wednesday condemned the latest suicide bombing in Sri Lanka and called for an end to the violence, his press office said in a statement.Officials blamed both attacks on Tamil Tiger rebels, who have been fighting for an independent Tamil homeland for 35 years, […]
Security clampdown in Sri Lanka capital after deadly blasts: police
Nov 29, 2007 (AFP) – Sri Lankan forces threw a security blanket over the capital Colombo on Thursday and appealed for extra public vigilance a day after twin bomb attacks left 19 people dead and 45 injured, police said.“There is a general security alert across Colombo,” police spokesman Jayantha Wickremaratna said. Officials have blamed the […]
Sri Lanka terror blasts condemned by EU
Nov 29, 2007 (LBO) – The European Union Thursday said it condemns the terrorist attacks in the Sri Lankan capital Colombo in which at least 18 people were killed. . But an EU statement released by the British High Commission did not name the perpetrators of the attacks whom the island government has identified as […]
Sri Lanka says Iran to give 1.5 billion dollars aid
Nov 28, 2007 (AFP) – Sri Lanka’s president secured 1.5 billion dollars worth of financial aid from Iran for infrastructure projects while on a three-day visit to the country, his office said on Wednesday. President Mahinda Rajapakse concluded his trip to Iran on Tuesday by signing eight memorandums of understanding (MoUs) with his Iranian counterpart […]
Sri Lankan Tamil Tiger bra bomber targets minister
Nov 28, 2007 (AFP) – A disabled Tamil Tiger suicide bomber with explosives hidden in her bra blew herself up outside the office of a Tamil minister Wednesday, killing his secretary, the Sri Lankan military said. Two men from the minister’s security staff were also wounded in the blast, one seriously, Colombo national hospital spokeswoman […]
Sri Lanka suburb south of capital rocked by blast
Nov 28, 2007 (LBO) – An explosion ripped through a suburb south of the Sri Lanka capital Colombo shortly before 6.00 pm local time, residents said. The explosion occurred at a busy shopping district in the Nugegoda area. Earlier in the day a suspected Tamil Tiger suicide bomber blew herself up near the office of […]
Sri Lanka bomb attack kills 16 in capital
Nov 28, 2007 (LBO) – At least 16 people were killed and 37 wounded in a bomb blast in a crowded shopping district in a suburb south of the Sri Lankan capital Colombo Wednesday evening, police and hospital officials said. The attack, which the Defence Ministry said was carried out by the Tamil Tigers, occurred […]