Tag: Sri Lanka
‘s Tamil Tiger dodge financial regulators
Oct 25, 2007 (LBO) – Sri Lanka’s Tamil Tiger rebels have developed a sophisticated international system to transfer funds for their weapons procurement without being detected by financial regulators, a counter-terrorism expert told a recent conference in Colombo. The Liberation Tigers of Tamil Eelam (LTTE) operates a “hub and spoke” network for money transfer modalities, […]
Sri Lanka retaliates after Tiger suicide strike
COLOMBO, Oct 25, 2007 (AFP) – Sri Lankan war planes carried out attacks against Tamil Tiger rebels for a second straight day Thursday after the guerrillas attacked a military base, officials said.There was no immediate reaction from the Tiger rebels to the latest retaliatory air strikes.Air attacks were launched Thursday morning in the district of […]
Tamil Tigers ruin Sri Lanka military plans: observers
COLOMBO, Oct 25, 2007 (AFP) – Tamil Tiger rebels have dealt a serious blow to Sri Lanka’s intelligence gathering with a devastating suicide attack that destroyed virtually its entire fleet of spy planes, observers said Thursday.Tiger guerrillas, who were widely regarded as being on the defensive, turned the tables Monday with a suicide strike that […]
Sri Lanka says war plan going ahead despite air force debacle
Oct 24, 2007 (AFP) – Sri Lanka’s top defence official vowed Wednesday to push ahead with operations against the Tamil Tiger rebels, who launched a devastating attack on a key air force base earlier this week.Defence Secretary Gotabhaya Rajapakse told the government’s main website that the deadly raid by the Liberation Tigers of Tamil Eelam […]
The bizarre battle between IMF, well-meaning charities like Oxfam and poverty
WASHINGTON, Oct 24, 2007 (LBO) – At this year’s annual meeting of the International Monetary Fund and the largest lender to poor countries, the World Bank, there were no high profile protests by charities and lobby groups. Deficit-happy charities would have plenty of work to do then, helping out a new set of freshly created […]
Talent show may have helped Sri Lanka suicide attack
COLOMBO, Oct 23, 2007 (AFP) – Sri Lankan defence officials said Tuesday that a major Tamil Tiger suicide attack against a key military base may have been helped by security lapses during the screening of a popular TV talent contest. A rebel “Black Tiger” suicide squad of 21 on Monday infiltrated the Anuradhapura army and […]
Sri Lanka rating agency warns of real estate market downturn
Oct 23, 2007 (LBO) – Lanka Rating Agency has warned of a possible slump in the property market which has been growing rapidly in recent years and shows signs of a classic ‘bubble’. LRA said that real estate markets are vulnerable to “waves of optimism and herd behaviour that result in bubbles.” It said in […]
Sri Lanka military reshuffle after airbase attack
Oct 23, 2007 (AFP) – Sri Lanka’s military made key changes in its command on Tuesday, a day after the Tamil Tigers infiltrated an air base and destroyed several aircraft, officials said.President Mahinda Rajapakse appointed Major General Sanath Karunaratne Overall Operations Commander in the north-central region of the Anuradhapura area, where Tamil Tiger rebels devastated […]
Sri Lanka lacks evidence based economic debate: WB economist
WASHINGTON, Oct 22, 2007 (LBO) – Sri Lanka needs debate on economic policy centered on real evidence or research instead of extreme posturing based on ideology if the island is to progress, a top development economist said. However up to July 2007 Sri Lanka spent four percent less on oil imports compared to the same […]
Sri Lankan Tiger attack casualties mount
Oct 22, 2007 (LBO) – Up to nine Sri Lankan servicemen and 20 Tamil Tiger rebels were killed during the Tiger air and ground attack on the Anuradhapura Sri Lanka Air Force airbase in the early hours of Monday, military officials said Two Mi-24 air force attack helicopters were badly damaged in the Tiger attack […]
Sri Lanka in new IFC bond index and fund
WASHINGTON, Oct 22 2007 (LBO) – Sri Lanka has been included in a new World Bank backed initiative to expand the international appeal of local currency bonds of emerging countries. The International Finance Corporation (IFC), the World Bank’s private sector financing arm, and the International Bank for Reconstruction and Development (IBRD) which finances middle income […]
Sri Lanka rebel suicide squad, planes hit air base
Oct 22, 2007 (AFP) – An elite Tamil Tiger suicide squad backed by light aircraft on Monday attacked a key Sri Lankan military base in an unprecedented ground and air assault, killing at least five soldiers. The rebels said 21 members of their “Black Tiger” unit and two light aircraft struck the Anuradhapura air base […]