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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2705

Monthly archive

Investors optimistic of the visit of peace envoy

By Quintus Perera - Asian Tribune

Upward trend continues as penny stocks Dominate, while investors to remain optimistic ahead of peace envoy's visit, the HNB Stockbrokers reveal on the analysis of stock market trends. The growth momentum was far less this week than what was witnessed last week, though the market retained an upward trend this week. The All Share Price Index (ASPI) rose by 39.1 points comparing Week on Week (WoW), while during last week the index managed to rise by 67.7 points. The Milanka Price Index (MPI) meanwhile improved by 51.8 points this week, compared to an 85.6 point rise witnessed last week. It is interesting to note that the market has so far risen for two consecutive weeks, with even daily movements being on an upward trend. On Friday the ASPI closed at 2226.6 points, while the MPI closed at 2856.2 points.

U.N. Inaction on Lebanon Under Heavy Fire

By Thalif Deen - Inter Press Service

As the Israelis continue to defy the international community and refuse to agree to a ceasefire in the three-week old bombing of Lebanon, a hamstrung United Nations has come under heavy fire for merely watching the death and destruction from the sidelines. A resolution sponsored by France calling for "an immediate cessation of hostilities" has remained grounded because of the threat of a U.S. veto.

Sri Lanka Army Commander back to work.

Lt. General Sarath FonsekaLieutenant General Sarath Fonseka, Commander of the Sri Lanka Army who miraculously survived an LTTE (Tamil Tigers) suicide blast on 25th April, returned on Monday (31 July 2006) morning to take up office after full recovery. On that fateful day, a woman suicide bomber who had penetrated the Army Headquarters premises blew herself up but the Commander survived. Lieutenant General Sarath Fonseka injured in the blast was flown to Singapore for further medical treatment after initial treatments at the Colombo National Hospital and Military hospital, Colombo, were over.

An accidental blast in a STF armory- Katukurunda

A stock of ammunition kept stored for training purposes exploded at Katukurunda Special Task Force (STF) training base on Monday (31) around 11.30 p.m. Sri Lanka Army revealed t s an accidental blast and firmly denied of any sabotage. Military Spokesman Brigadier Prasad Samarasinghe confirmed that the explosion was not an attack and requested the general public to remain calm.

In a retaliatory attack by the LTTE : 18 Sri Lankan soldiers killed on the spot and one injured

Tamil Tiger militants on Monday (31) late night about 10.30 p.m. blasted an Army bus that was carrying troops at Serunuwara, on Kantalai - Serunuwara road, killing 18 soldiers on the spot and injuring one. "There was a Claymore mine explosion and 18 personnel are feared dead," said Military spokesman Brig. Prasad Samarasinghe. Sri Lanka Army website described it as a retaliatory LTTE attack, came hours after troops in an attempt to reopen the sluice gate at Mavil Aru, Trincomalee, closed in on the anicut with the support of air cover provided by the Air Force.

Sweden too decides to withdraw its truce monitors

Anders OljelundSweden too has decided to withdraw their monitors from Sri Lanka. Swedish Government made this decision on Monday morning. "We will gradually pull out our monitors before 1st of September,” Swedish Ministry spokeswoman told “Asia Tribune.” She said that they regret it very much but helpless the issue of safety of their monitoring mission personnel would be questionable. In the meantime, Swedish diplomat Anders Oljelund, Ambassador at Large told “Asian Tribune,” “We were in Sri Lanka to make the Liberation Tigers of Tamil Eelam know that they have to change the decisions they have taken about the three Nordic countries, who are members of the European Union.

Commonwealth Finance Ministers meet in Colombo to discuss poverty.

Neville de Silva - Diplomatic Editor Asian Tribune

How to promote growth and livelihoods in the 53 member states of the Commonwealth will form the centerpiece of the discussions of the organization’s finance ministers when they meet in Colombo next month. The meeting from September 12-14 precedes the annual meetings of the International Monetary Fund and the World Bank and any key decisions taken by the Commonwealth ministers will be available to the two Washington institutions when they hold their crucial sessions.

Plans afoot to create a 'power pool' in South Asia

By Munza Mushtaq - Reporting from Colombo for Asian Tribune

Under the South Asia Regional Initiative for Energy (SARI/Energy) Energ Markets Partnership funded by the U.S. Agency for International Development (USAID), 15 executives from Afghanistan, Bangladesh, India, Nepal, Pakistan & Sri Lanka met with executives from the Southern Africa Power Pool (SAPP). The meeting hosted by the Southern Africa Power Pool (SAPP) and Eskom, South Africa's state owned electricity supply company, was held June 26 to 30, 2006 in Johannesburg, South Africa.

Final solution lies with NSCN (K): Mulatonu

By Oken Jeet Sandham – Asian Tribune

The NSCN (K) said the final political solution to the Indo-Naga political issue would only come about when the organization formally "holds political dialogues with the Government of India." Talking to “Asian Tibune” over phone from their mobile headquarters, NSCN (K) Kilonser Kughalu Mulatonu ridiculed the ongoing political parleys between the Government of India and the NSCN (IM) leaderships, saying "It has become rituals for both the Government of India and the NSCN (IM) that after every talk, they usually come out with the words---talks are cordial, positive, fruitful, etc."

Heavy fighting in Mavilaru; Ten commandoes, 40 LTTE killed.

By Our Colombo Correspondent

Heavy fighting took place near the Mavilaru anicut as commandos advance in a terrain dotted with booby traps and mines, a military official said. Ten commandoes including two officers have been killed in fighting. Seven bodies have been recovered and sent to the Kantalae Hospital.Troops are 300 meters away from the anicut, but the open terrain is proving to be difficult, the official in the field said.

SEEDS assists entrepreneurs to become exporters

Sunil C. Perera, Reporting from Colombo

Shantha JayasuriyaThe Sarvodaya Economic Enterprise Development Services Ltd [SEEDS] has planned to assist small scale entrepreneurs to become exporters. According to the plans the SEEDS has already selected small scale entrepreneurs, who had shown their interest on export trade and produce quality products. Speaking to media Technology Development Manager of SEEDS Mr.Shantha Jayasuriya said that SEEDS has selected these entrepreneurs through its trade fairs. “Most of them could build contacts with leading businessmen and exporters through this trade fairs. They produce quality products using our guidelines,” he said.

Sri Lanka Navy thwarted LTTE attack on passenger ship carrying 854 unarmed soldiers.

Sri Lanka Navy thwarted Tamil militant attack and saved the lives of 854 unarmed soldiers, who traveled from Kankesanthurai to Trincomalee in a passenger vessel. Liberation Tigers of Tamil Eelam, the separatist Sri Lanka Tamil militant outfit launched a major offensive on the Trincomalee harbor, midday today. Also Tamil militants launched a simultaneous attack targeting a passenger vessel carrying 854 unarmed soldiers from Kankesanthurai to Trincomalee, while the vessel was entering Trincomalee today around 2.15 p.m.