Tag: Sri Lanka
‘t Open
July 06, 2007 (LBO) – Opening up Sri Lanka’s electricity sector to foreign competition under international free trade rules that are being negotiated could be dangerous, a senior engineer has warned. Commitments Sri Lanka might make under the General Agreement on Trade in Services (GATS), a multinational agreement covering trade in services, could be irrevocable, […]
Sri Lankan apparel to get wider access to Indian market
July 06, 2007 (LBO) – India has agreed to lift restrictions relating to fabric origins on duty free Sri Lankan apparel exports to the sub-continent market in the latest trade talks between the two neighbours, a senior official said. “Now apparel exporters to India can source their fabric requirements from anywhere,” Manel de Silva, Director-General […]
Sri Lanka alert as Tamil Tigers commemorate 322 suicide bombers
July 5, 2007 (AFP) – Sri Lanka was on high alert Thursday as Tamil Tiger rebels commemorated the 322 male and female suicide bombers who have blown themselves up for the guerrilla cause over the last two decades. The Tamil Tigers are fighting for an independent homeland for the minority ethnic Tamils on the majority […]
Congressmen want US to do more to end Sri Lanka conflict
WASHINGTON, July 3, 2007 (AFP) – About 50 US lawmakers have written to President George W.Bush asking him to step up American efforts to help resolve the ethnic conflict in Sri Lanka.“The United States has the opportunity to serve as a leader” in renewed international efforts to bring about a peaceful resolution to the conflict, […]
Sri Lanka jets strike Tamil Tiger bases
July 4, 2007 (AFP) – Sri Lankan air force jets on Wednesday carried out a second straight day of bombing raids against Tamil Tiger rebels positioned in jungles in the east of the island, the military said. The raids were part of a months-old effort aimed at dislodging the ethnic rebels from their hideouts in […]
Passing Bucks
July 04, 2007 (LBO) — Sri Lanka’s state-run oil firm Ceylon Petroleum Corporation has asked the treasury to pick up a six billion rupee subsidy tab for selling fuel to the Ceylon Electricity Board at a steep discount, officials said Wednesday. The Ceylon Electricity Board (CEB), currently buys fuel at 55 rupees a litre from […]
Sri Lanka achieves reserve money target for June
July 3, 2007 (LBO) – Sri Lanka’s central bank says its reserve money target for June has been achieved comfortably, even as emerging fiscal signals continued to unsettle market participants. Short term rates have also become volatile this week, reaching towards 40 percent again. The interbank market has become after several weeks of excess liquidity […]
Sri Lanka on alert for Tiger attack anniversary
July 3, 2007 (AFP) – Sri Lankan security forces are on high alert as Tamil Tiger rebels this week mark the 20th anniversary of their first-ever suicide attack with the threat of unleashing more deadly strikes.“We are also seeking public cooperation for information regarding suspicious activity in their neighbourhoods.” The island’s prime minister has underlined […]
Seven people killed in Sri Lanka clashes
July 3, 2007 (AFP) – Four suspected Tamil Tiger rebels and three soldiers were killed in fresh violence in Sri Lanka’s embattled north, military officials said Tuesday. There was no immediate comment from the Liberation Tigers of Tamil Eelam, who have been locked in combat with the government since 1972 in a conflict that has […]
Power Profits
July 2, 2007 (LBO) – Problems at Sri Lanka’s Kelanitissa thermal power station partly offset strong first quarter 2007 profit growth of AES Corporation of the US, the company has reported. AES Corporation revenues increased 11% to 3.1 billion dollars compared to 2.8 billion dollars for the first quarter of 2006, while net cash from […]
UK mission in Sri Lanka ups involvement in peace process
July 2, 2007 (LBO) – The UK mission in Colombo will become more involved in Sri Lanka’s peace process after being asked represent the European Union’s Presidency in the country, the British High Commission said Monday. The rotating EU presidency has shifted to Portugal took over the EU presidency, but the country does not have […]
Sri Lanka asks Norway to revive peace bid: report
July 1, 2007 (AFP) – Sri Lanka’s government has asked Norway to help revive a moribund peace process amid an escalation of fighting between troops and Tamil Tiger rebels, a press report said Sunday.More than 5,000 people have been killed in the new wave of fighting since December 2005 despite a truce in place since […]