Tag: Sri Lanka
‘s east as death toll mounts
30, 2006 (AFP) – A battle between Sri Lankan troops and Tamil Tiger rebels over a key eastern naval port continued Wednesday with sporadic artillery duels as both sides claimed to have inflicted heavy losses. Sri Lankan defence officials and the rebel Liberation Tigers of Tamil Eelam (LTTE) said shelling continued in a government offensive […]
Sri Lanka troops killed 17 French aid workers: monitors
Aug 30, 2006 (AFP) – Sri Lankan troops killed 17 French charity workers and waged a bombing campaign against Tamil rebels, truce monitors said Wednesday, amid fears the nation was headed for full-scale war.As of Thursday, the SLMM will have to carry out its duties with just 30 members instead of 57.The Swedish-led Sri Lanka […]
Red Ink
August 29, 2006 (LBO) – Indian fuel retailer Lanka IOC Ltd reported a net loss of 584.0 million rupees for the three months to June on Tuesday, citing unpaid subsidy payments of 116.0 million rupees due from the Sri Lankan government. A unit of the Fortune 500 Indian Oil Corp. the Sri Lankan unit ran […]
Sri Lanka death toll hits 119 as troops halt offensive
Aug 29, 2006 (AFP) – Sri Lankan troops facing heavy resistance halted an advance Tuesday into territory held by the rebel Tamil Tigers, as the death toll from recent fighting hit 119, officials and guerrillas said.More than 60,000 people have been killed in the Sri Lankan conflict.Political talks on ending the violence stalled in April […]
Sri Lankan journalist kidnapped
Aug 29, 2006 (AFP) – A Sri Lankan radio journalist was kidnapped near the capital Colombo on Tuesday, police said, prompting appeals by colleagues for his safe return.Nadaraja Guruparan, a member of the minority Tamil community, was forced out of his car by at least two people and taken away as he drove to his […]
Sri Lanka president leaves on sudden trip to Britain
Aug 29, 2006 (AFP) – Sri Lankan President Mahinda Rajapakse left here Tuesday on a sudden visit to London for talks with Prime Minister Tony Blair, official sources said.Rajapakse and Blair were expected to discuss Sri Lanka’s collapsing ceasefire with Tamil Tiger rebels, officials here said. The trip comes amid international efforts to salvage the […]
Deutsche Bank and Central bank respond to story on central bank independence
The Central Bank’s Senior Deputy Governor and the Deutsche Bank Head of Communications to the Asia Pacific Region have responded to our story headlined ‘Prudential Norms’ on August 27 on central bank independence. We can but echo the words of Marriner Eccles, a governor on the Federal Reserve board, in his congressional testimony on January […]
Sri Lanka hunts for fugitive executive facing US fraud charges
Aug 28, 2006 (AFP) – Sri Lankan police said Monday they were hunting alleged fugitive executive Jacob “Kobi” Alexander after reports he fled fraud charges in the US for a fishing village hideaway in the island nation.Detectives were investigating a claimed sighting of the 54-year-old after he failed to appear in court in the United […]
Heavy fighting in Sri Lanka as troops move to secure port
Aug 28, 2006 (AFP) – At least four Sri Lankan soldiers were killed and 41 wounded as security forces launched a ground offensive Monday to push back guerrilla artillery threatening a strategic naval port, officials said.More than 60,000 people have been killed in Sri Lanka’s drawn out Tamil separatist conflict and political talks on ending […]
Top Offers
August 28, 2006 (LBO) – Just over ten foreign and local firms put in bids for a license to market lubricants in Sri Lanka, when offers closed on Monday, a top official said. Sri Lanka threw open its lubricant market in July, calling for bids from interested investors to blend lubricants locally or import and […]
Oil Options
August 28, 2006 (LBO) – Sri Lanka is trying to terminate an agreement with Norwegian survey company TGS Nopec and buy up three years worth of seismic data on potential oil deposits off the island’s coast for 10 million dollars. In an agreement between the government and TGS Nopec signed in 2002, the company would […]
New clashes in Sri Lanka as foreigners head for safety
Aug 27, 2006 (AFP) – The Red Cross ferried 150 foreign nationals to safety from the embattled Jaffna peninsula Sunday as the Sri Lankan military claimed fresh fighting left 12 Tamil Tiger rebels dead.Aid agencies complained they have been unable to reach many of the 200,000 who have fled fighting from across the island’s northeast […]