Tag: Sri Lanka
New High
VIENNA, Sept 11, 2007 (AFP) – OPEC exporters agreed Tuesday to pump an extra 500,000 barrels of oil a day to cool near-record crude prices, in a victory for Saudi Arabia over its reluctant partners.Analysts said that while the gesture would ease fears about a supply crunch heading into the northern hemisphere winter, the peak […]
Sri Lanka issues evacuation order; waves reach Indonesia
Sept 12, 2007 (LBO) – Sri Lanka has issued evacuation orders to people living in coastal areas after a tsunami struck the coast of Indonesia from a 8.2 magnitude earthquake. Sri Lanka’s Disaster Management Centre estimates that the first waves could reach Sri Lanka by 7.30 pm local time (1400GMT) The Pacific Tsunami Warning Centre […]
Sri Lanka lifts tsunami warning
Sept 12, 2007 (LBO) – Sri Lanka has lifted a tsunami warning and evacuation order issued after an 8.2 magnitude earthquake generated a small wave in Indonesia. Sri Lanka lifted the warning after Indonesia gave the all clear. Police said residents along southern coastal settlements fled inland and to high ground when the tsunami alert […]
Sri Lanka opposition slam HSBC, business chambers over dollar bond
Sept 12, 2007 (LBO) – Sri Lanka’s main opposition has slammed HSBC Bank over its involvement in a controversial sovereign bond issue and accused two trade chambers that came to its aid of creating a “new class of exploiters”. Last week HSBC defended itself saying it was following local rules after the opposition United National […]
Sri Lanka buffer zone forces fisher folk into other work: survey
Sept 12, 2007 (LBO) – A controversial buffer zone that banned re-building of homes of Sri Lankan victims near the coast after the December 2004 tsunami has forced fisher folk out of their traditional livelihood, a survey has found. “But there is urgent need to look around us not only look forward. There are still […]
Sri Lanka issues tsunami warning; magnitude revised to 8.2
Sept 12, 2007 (LBO) – Sri Lanka’s department of meteorology has issued a tsunami warning to the country’s eastern, northern and southern coastal regions following an earthquake in Indonesia. The Pacific Tsunami Warning Centre in Hawaii issued a watch bulletin. The Pacific Tsunami Warning Centre said if a tsunami is generated waves could reach Sri […]
Sri Lanka navy claims major success against Tamil Tigers
COLOMBO, Sept 11, 2007 (AFP) – Sri Lanka’s navy on Tuesday claimed its biggest success against the Tamil Tiger rebels, saying it had virtually wiped out the separatist group’s ability to smuggle arms into the country. More than 5,400 people have been killed in a new wave of fighting since December 2005 when a Norwegian-brokered […]
Hedging Game
Sept 11, 2007 (LBO) – Lanka IOC, the Sri Lanka unit of the Indian Oil Corporation, has started to hedge oil imports with positive initial results, an official said. LIOC expects oil prices to ease towards the latter part of the year. “We have started to hedge imports in a cautious manner,” Lanka IOC managing […]
Sri Lanka minister lashes out at inflation creators
Sept 11, 2007 (LBO) – Sri Lanka’s consumer affairs minister, cornered by rising prices and a falling rupee caused by money printing, lashed out at a Marxist party that helped engineer a collapse of government finances. Except for a handful of years like 2003, the Sri Lanka rupee has been on a free fall since […]
Sri Lanka says wanted Tamil Tiger arms supplier arrested
Sept 11, 2007 (LBO) – Sri Lanka’s defence ministry Tuesday claimed that one of the most wanted Tamil Tigers had been arrested by Interpol in Bangkok, Thailand. He and his group are suspected of running weapons purchased Thailand and neighbouring countries to the Tamil Tigers in Sri Lanka. Quoting ‘reliable sources from Thailand’ the ministry […]
Sri Lanka navy sinks suspected rebel gun-running ships
Sept 11, 2007 (AFP) – Sri Lanka’s navy sank at least three suspected Tamil Tiger gun-running vessels off the island’s southeastern sea board, navy officials said Tuesday.Clashes between suspected Tamil Tiger ships and the Sri Lankan navy have escalated in recent months amid heavy fighting in the island’s northern and eastern regions.Naval craft intercepted the […]
Fresh Sri Lanka violence kills 15
Sept 8, 2007 (AFP) – At least 15 people were killed in fresh violence in Sri Lanka’s embattled northern and eastern regions, military officials said Saturday.Three soldiers and five Tamil Tiger rebels were killed in a gun battle in the northern Vavuniya region late Friday, the officials said. They said two more rebels were killed […]