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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2398

Monthly archive

Sri Lanka Insurance launches the First ever ‘Formula World’ Collision Repair Centre

By Quintus Perera – Asian Tribune

Sri Lanka Insurance launched the first state-of-the art Collision Repair Centre in Sri Lanka-Formula World. All those Formula Plus Motor Insurance policy holders with a comprehensive cover maintained at the Sri Lanka Insurance are eligible to get their vehicles repaired free of charge when damaged by accidents. Sri Lanka Insurance launched the first state of the art Collision Repair Centre in Sri Lanka ‘Formula World’ at a press briefing held at the Ceylon Continental Hotel, last week.

Terror stalks again in Colombo: EPDP Leader's Secretary Shot Dead

Maha Kanapathipillai (55) Coordinating Secretary of Minister Douglas Dewananda, leader of the Eelam Peoples’ Democratic Party (EPDP), was shot dead this morning at about 6:55 am. The shooting took place at Wellawatta. Kanapathipillai, was rushed to Kalubowila hospital with gunshot injuries, but succumbed to his injuries.

Sri Lanka Government revises interest rates from today

By Ashwin Hemmathagama – Our Financial Correspondent

Sri Lanka Central Bank has increased the key interest rates by 0.125 per cent with effect from today. Reviewing the recent economic developments and prospects, the Monetary Board at its meeting held on 21 July 2006 has taken this decision to adjust the interest rates for the second time during this year. With this adjustment the repurchase (Repo) rate and the reverse repurchase (Reverse Repo) rate have gone up to 9.125 per cent and 10.625 per cent respectively. Ceylinco Stock Brokers (Pvt.) Ltd. Head of Research and Economist Inti Mohamed told the “Asian Tribune” that decision has been taken by the Central Bank as a necessary measure to stay inline with the inflation while facing the continuously increasing fuel prices and is expected to be revised further.

Deadly Restraint

Dr. Richard L. Benkin – Asian Tribune

The question on so many lips around the world right now is, “What has led to the current round of Middle East fighting.” People ask that of me everyday. The answer is neither as complex as some would think nor as simple as others would have us believe. Common answers rest on sloganeering demonizing entire religions and are bound to lead us down a cul de sac of destruction. Those that require either directly or de facto the destruction of Israel as a democratic and Jewish state are destined to be a road map to eternal strife. Although a much more accurate answer requires some explanation, it can be expressed simply with one word so blithely bandied about these days: restraint. As used now, the restraint is urged on one party alone, Israel, and generally as a demand if the Jewish state is to get any chance for international acceptance. The fact is that today’s fighting is the result of yesterday’s restraint; and restraint today will only insure more fighting tomorrow.

Shrimp production of the Rekawa lagoon has declined

Sunil C. Perera - Reporting from Colombo

Local researcher and writer , Erwin Rathnaweera says prawns fishery in Rekawa lagoon is highly seasonal and extends from October to April of the following year , but productivity of prawns in this lagoon is declining after the construction of Kapuhenwala causeway , which was constructed by the Road Development Authority [RDA]. According to the experts, the most abundant shrimp specie in Rekawa lagoon and commercially most important prawn species is Penaeus indicus (White shrimp). The experts said that water passes under the causeway through twenty-three cm diameter pipes, which greatly reduce the volume and speed of water entering and leaving the lagoon system.

Sri Lanka experiences turbulence in trade pacts with EU and USA

By Ashwin Hemmathagama – Our Financial Correspondent

Local efforts in securing market access through trade agreements with United States of America and the European Union has experienced problems with regards to the rules of origin.

Trade, Commerce, Consumer Affairs and Market Development Ministry Secretary Dr. R.M.K. Ratnayake yesterday disclosed this at the opening of the WTO reference centre at the Department of Commerce, which is directly involved in trade pacts with other countries.

Sri Lankan entrepreneurs considering moving industries to other Asian region due to prevailing unfavorable conditions

Sunil C. Perera - Reporting from Colombo

Numbers of exporters have decided to move their businesses to the Indian sub continent due to the prevailing export barriers in Sri Lanka. A high-powered industrial meeting was held on Thursday at Colombo to overcome these barriers and take steps to maintain their businesses without any barriers. A spokesman of the Exporters Association has confirmed that exporters expect to move their industries into Bangladesh, Vietnam and some other Indian cities to overcome present high air charges, strikes at the sea ports and other high levies impose by the government of Sri Lanka.

Ad -hoc government rulings on advertising violates basic human rights

By Quintus Perera - Asian Tribune

There was sharp reaction by Rohan Rajaratnam, immediate past President of Accredited Advertising Agencies Association (4 A’s) to a query by a journalist on what action would be taken if there would be an advertisement of a nude child. Rajaratnam challenged to bring to their notice of any such advertisement as they have never condoned to such low attitudes either by their members or non-members. This was transpired at a hurriedly arranged Press Briefing organized by 4 A’s, to protest against the alarming trend of continuous and ad hoc regulations imposed by the Government that already beleaguered and adversely affecting the local advertising industry.

SLBFE plans to protect Sri Lankans in Lebanon

Sunil C. Perera - Reporting from Colombo

The Foreign Employment Bureau is looking into the possibility of sending Sri Lankans who are employed in Lebanon to nearby countries such as Cyprus, Sudan and Jordan. Chairman of the Bureau Jagath Wellawatte said the need for this move has arisen because certain employees are reluctant to leave Lebanon even in the present security situation. Special centres are operating 24 hours of the day in Lebanon and Sri Lanka to obtain information on Sri Lankans in Lebanon.

Batticaloa – Amparai Districts: Colonel Jeyam - in: Colonel Bahnu - out: Also Colonel Ramesh on a demoted position.

JeyamAt last the Vanni Tigers has quietly effected the long awaited changes in the command and control structure of the region under their control in the Batticalao –Amparai districts. The changes which were on hold are now effected. Colonel Jeyam is the new overall commander of the region. Colonel Bravo Bahnu is expected leave back to Vanni in a few weeks time after handing over responsibilities is completed. The Eastern flank continues to remain a hotbed to the Vanni Tigers. Since Colonel Karuna left the outfit, they haven’t managed to find suitable men of the soil to hold the region under their control.


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