Tag: Sri Lanka
” crew from Jordanian ship, govt alleges piracy
Dec 23, 2006 (AFP) – Tamil Tiger rebels said Saturday they had rescued 25 sailors from a crippled Jordanian ship off Sri Lanka’s northeastern coast, dismissing government allegations they had staged a “pirate attack”.The vessel, identified as the Farha III, was believed to be crewed by Jordanian and Egyptian nationals and was carrying 14,000 tonnes […]
’07
December 23, 2006 (LBO) – The International Monetary Fund will close its office in Sri Lanka from mid next month, the global financial watchdog said Saturday. The office in Colombo is being wound up late January, when the term of its current resident representative, Luis Valdivieso ends. “The decision reflects the evolving nature of the […]
IMF asks Sri Lanka to pay close attention on economic reforms, amidst high inflation
December 22, 2006 (LBO) – The International Monetary Fund Friday asked Sri Lanka to go slow on hiring public servants and pay more attention to reduce inflation, implement public sector reforms and ensure subsidies are targeted better. In its annual country report, the IMF said Sri Lanka’s quest for 7-8 percent growth hinges on improved […]
‘ tag ripped by IMF
December 22 (LBO) – Sri Lanka’s exchange rate regime has been re-classified to a managed float from free float after violating International Monetary Fund articles and heavy official intervention, the IMF has said. Though fiscal prudence still seems to be out of reach, analysts say Sri Lanka’s central bank has started to tighten monetary policy […]
Sri Lankan children abducted as rebels admit conscription mistake
COLOMBO, Dec 21, 2006 (AFP) – Armed men have kidnapped 16 boys and three girls in eastern Sri Lanka, a pro-rebel website reported Thursday, as Tiger guerrillas admitted a “mistake” in conscripting 21 others. The Tamilnet.com website said members of the breakaway Tiger faction known as the “Karuna group”, which is allegedly backed by the […]
’s rich western province leads economic growth again in 2005
December 21 (LBO) – Sri Lanka’s rich western province has led the list again of top contributors to the island’s economic growth last year, the Central Bank said, though service sector expansion boosted fortunes of poorer areas. “Product diversification could reduce concentration in a few crops that dampen the marketability of such produce profitably due […]
Sri Lanka arrests Tigers escaping with fleeing civilians
Dec 21, 2006 (AFP) – Sri Lankan troops have arrested 15 Tamil Tiger rebels who pretended to be civilians fleeing the embattled eastern region ahead of a major military offensive, officials said Thursday. The men were detained while the security forces screened some 22,000 civilians who fled the Vakarai area in the eastern district of […]
’s government to acquire property in Fort to build a Presidential Square
December 20, 2006 (LBO) – Sri Lanka’s president Mahinda Rajapakse has given notice to owners of prime property around his official residence, that their land would be acquired urgently to develop a Presidential Square. Rajapakse has issued the order, on the recommendations of the minister in charge of Urban Development. More than 4 acres of […]
Tamil Tigers kill Sri Lankan soldier in army camp
COLOMBO, Dec 20, 2006 (AFP) – Tamil Tiger rebels attacked an army camp in northwestern Sri Lanka, killing a soldier, the defence ministry said Wednesday. The Liberation Tigers of Tamil Eelam (LTTE) raided an army camp in northwestern Mannar district on Tuesday night, the ministry said in a statement. The military retaliated, but it was […]
Tigers allege air strike amid mourning for negotiator
Dec 20, 2006 (AFP) – Sri Lankan war planes bombed inside rebel-held territory Wednesday as the militants mourned the death of their top peace negotiator Anton Balasingham, the guerrillas said in a statement. Israeli-built Kfir jets hit a civilian settlement in the district of Mullaitivu, but there were no casualties, the Liberation Tigers of Tamil […]
Earnings Squeeze
December 20, 2006 (LBO) – Caltex Lubricants Lanka said Wednesday that earnings in 2007 will take a hit, after the government upped taxes on base oil, used as a raw material in manufacturing lubricants. The government increased a three percent cess on base oil imposed in October to six percent from November 18, with the […]