Tag: Sri Lanka
Sri Lanka petro chief calls for national hedging policy
July 12, 2007 (LBO) – The head of Sri Lanka’s state petroleum utility has called for a national policy on oil hedging for the longer term as international bankers were due to present a fresh proposal on short-term hedging. An accumulation of profits in any import firm would reduce demand in the aggregate economy, resulting […]
Power Seed
July 11, 2007 (LBO) – Sri Lanka is seeking Indian support to develop bio-diesel plants in the island’s Puttalam region, north of the capital Colombo, a senior public estate management ministry official says. The bio-diesel project, which is to be launched in mid-July, will use the Jatropha plant (endaru), Merinus Fernando, advisor to the ministry […]
Sri Lanka claims capture of Tamil Tiger jungle base
July 11, 2007 (AFP) – Sri Lankan troops captured on Wednesday the jungle “nerve centre” of Tamil Tiger guerrillas in the east of the island after months of fighting, the defence ministry said.He said the objective of the security forces was not limited to capturing Thoppigala, but was to take full control over the multi-ethnic […]
Sri Lankan industrialists concerned about slowing economic growth
July 11, 2007 (LBO) – Sri Lanka’s top industrialists have expressed concern over the noticeable slowing down of economic growth and delays in legislating protection for local industries under new world trade rules. “Rural development is essential for growth and stability must come mainly from business linkages – not handouts.” Industry needs better access to […]
Tigers slow Sri Lanka advance on eastern jungle base
July 10, 2007 (AFP) – Tamil Tiger rebels in the east of Sri Lanka are showing stiff resistance and have slowed a military advance on a strategic jungle base, defence authorities here said Tuesday.The government denies carrying out attacks inside rebel-held territory. Government spokesman Keheliya Rambukwella told reporters the Tiger rebels were still holed up […]
Sri Lanka peace monitors want to double staff as war escalates
July 9, 2007 (AFP) – International peace monitors in Sri Lanka want to double their numbers as fighting between security forces and Tamil Tiger rebels intensifies, the chief monitor said Monday.The Tiger rebels are fighting for an independent homeland for the ethnic Tamil minority on the Sinhalese majority island.The Norwegian-led Sri Lanka Monitoring Mission (SLMM), […]
Sri Lanka Tamil Tigers say two killed in clash with navy
July 8, 2007 (AFP) – Tamil Tiger rebels said Sunday they lost two fighters during a three-hour sea battle with the Sri Lankan Navy off the island’s eastern coast.The statement came after the defence ministry said three rebels were shot dead by naval troops in the nearby eastern coastal town of Trincomalee on Saturday. “Three […]
‘s international airport
COLOMBO, July 8, 2007 (AFP) – A blast was heard near Sri Lanka’s only international airport Sunday, residents said.Police said they were investigating an “incident” inside the military air base, which shares a runway with the Bandaranaike international airport. No further details were immediately available. Tamil Tiger rebels have carried out attacks against the military […]
Jet fighter canon injures four at Sri Lanka air base
July 8, 2007 (AFP) – Four airmen were seriously injured Sunday after a canon was activated on a jet fighter near the island’s only international airport, officials said.Tiger rebels have carried out attacks against the military base as well as the civilian airport, located just north of the capital Colombo. The war plane was being […]
Sri Lanka says military kills three rebels
July 7, 2007 (AFP) – Sri Lankan troops have killed three suspected Tamil Tiger rebels in the island’s embattled north and east, the defence ministry said on Saturday.More than 60,000 people have been killed since the conflict erupted in 1972.Two Tamil Tiger rebels were killed in northern Vavuniya district on Friday during clashes with government […]
Sri Lanka says 19 killed in attacks
July 7, 2007 (AFP) – Fifteen Tamil Tiger rebels were shot dead as they fled from troops on tractors, the Sri Lankan government said on Saturday, while four people were killed elsewhere in the embattled island.More than 60,000 people have been killed since the conflict erupted in 1972.The number of dead in violence on Friday […]
Sri Lanka had low inflation only with fiscal discipline: minister
July 07, 2007 (LBO) – The state was not in a position to control prices of imported goods and price levels can only be stabilized by stopping money printing and limiting government expenses, Sri Lanka’s consumer affairs minister said. Consumer affairs minister Bandula Gunewardene said tight monetary policy by the central bank had already brought […]