Tag: lbo
‘s construction industry to get tax concessions
November 16, 2006 (LBO) – The government is giving tax benefits to the domestic construction industry in Sri Lanka to help them undertake large projects such as building flyover and townships.The government said it wanted to implement a a co-ordinated program with organizations in the industry and skills development institutions to produce craftsmen to fill […]
Sri Lanka offers cheap credit for small and medium entrepreneurs
November 16, 2006 (LBO) – Sri Lanka is offering a 13.295 billion rupee credit line on concessionary terms to develop small and medium scale industries, President Mahinda Rajapakse said Thursday.He said over 100,000 such industries will be eligible to tap the funding line with interest payments spread between 6.5 percent to 14.0 percent. Sectors eligible […]
Slain Sri Lankan Tamil legislator cremated amid protests
JAFFNA, Sri Lanka, Nov 15, 2006 (AFP) – Slain Tamil legislator Nadarajah Raviraj was cremated at his home district of Jaffna in northern Sri Lanka Wednesday as supporters shut businesses to protest his assassination.Raviraj, 44, was cremated at the Chavakachcheri cemetery while heavily armed security forces kept a low profile along the funeral procession from […]
Four children abducted as Sri Lankan military faces probe
Nov 15, 2006 (AFP) – Unidentified gunmen abducted four students in eastern Sri Lanka, a Tamil pro-rebel website said Wednesday as the president promised to probe allegations security forces recruited child soldiers.The Tamilnet.com website said the four youths were abducted Tuesday while working on a road construction project to supplement family income. The incident came […]
Grid Failure
Nov 15 (LBO) – Sri Lanka was blacked out for nearly two hours Wednesday as the national grid shut down during the even peak demand hour.Power failed in most parts of the island except areas like Jaffna which is isolated from the national grid and Trincomalee in the east, residents said.Power failed shortly after 7.30 […]
Sri Lanka plans war budget
Nov 15, 2006 (AFP) – Sri Lanka plans to announce a war budget Thursday in which it will hike defence spending next year by 45 percent amid a spiralling conflict with separatist Tamil Tiger rebels, officials say. However money sent by Sri Lankans working abroad grew by 23 percent to 1.73 billion dollars and helped […]
Sri Lanka says four Tigers killed amid artillery duels
Nov 14, 2006 (AFP) – At least four Tamil Tiger rebels were killed in a fire fight in eastern Sri Lanka, the defence ministry said Tuesday as sporadic artillery duels raged elsewhere.A security force patrol confronted a group of Tiger rebels at a village in the district of Batticaloa on Monday and the four rebels […]
Britain to push Sri Lanka peace bid amid child soldier charge
Nov 14, 2006 (AFP) – A British envoy arrived in Sri Lanka on Tuesday in a bid to salvage a tottering peace process as the former British colony faced UN charges of recruiting child soldiers.British MP Paul Murphy held talks with Sri Lankan officials handling the Norwegian-backed peace process, officials said, adding he planned to […]
Body of slain Sri Lankan MP flown to Jaffna for cremation
Nov 14, 2006 (AFP) – The body of assassinated Tamil legislator Nadarajah Raviraj was flown Tuesday to his home constituency of Jaffna for cremation the following day.Raviraj, 44, was shot dead by unidentified gunmen as he drove to work in Colombo on Friday morning.He was the second member of the Tamil National Alliance (TNA) to […]
Sri Lankans brace for high growth and high inflation
November 14, 2006 (LBO) – Sri Lanka may have to settle for high inflation in the coming months as the government is keen to keep up the high economic growth momentum, treasury secretary P B Jayasundara said Tuesday. Though the budget will announce measures to contain demand pressure, it may not go as far as […]
Sri Lanka faces child soldier charge as Britain tries to save peace
Nov 13, 2006 (AFP) – The United Nations accused Sri Lanka Monday of recruiting child soldiers to battle Tiger rebels as Britain moved to help save a crumbling peace process.Even as mourners protested the assassination of a moderate Tamil legislator, a top UN official issued a scathing attack on government security forces, accusing them for […]
British to push for Sri Lanka peace
Nov 13, 2006 (AFP) – Sri Lanka’s former colonial ruler Britain will send a special envoy to the island Tuesday to help salvage a tattered peace process, diplomats said.British MP Paul Murphy will meet with Sri Lankan leaders during a three-day visit and share his experience of the Northern Ireland peace process, the British High […]