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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2867

News

Sri Lankan Government set to seal compromise deal with Lanka IOC

By Munza Mushtaq -- Reporting from Colombo for Asian Tribune

The Lanka Indian Oil Corporation (LIOC) has reached a compromise settlement with the Government thereby accepting an amount much lower than the Rs. 7.8 billion the Treasury owes it as subsidies. The compromise agreement between LIOC and the Government will be sealed within the next few days, Lanka IOC Managing Director K. Ramakrishnan told the “Asian Tribune.”

LTTE Commander Bahnu seriously injured

Colonel Bahnu Reports now reveal that Colonel ‘Bravo’ Bahnu of the Liberation Tigers of Tamil Eelam is seriously injured on 29 July at Karadiyanaru. Sources from the uncleared area in Batticalao said that he has sustained serious injuries in his back. On the forenoon of 29 July, Sri Lanka jets bombed with pinprick precision, “Thenakam” a key LTTE base in Karadiyanaru, 24 Km from Batticaloa killing at least twenty LTTE cadres, according to defence sources. Reports now confirmed that LTTE Batticaloa - Amparai commander Bahnu was in the camp when it was hit by air strikes.

EC assists to promote Sri Lanka's traditional Lacquar craft sector.

Sunil C. Perera, Reporting from Colombo

Saman WijayasiriThe Delegation of the European Commission to Sri Lanka and Maldives along with Sarvodaya Economic Enterprise Development Services Ltd [SEEDS] and APT Enterprise Development – UK have jointly assisted local unemployed youth and small scale entrepreneurs under the small enterprise development project in getting various job training. The EC has allocated over 121 million rupees to its project implementing agency APT Enterprise Development of UK to conduct various vocational training programs to support entrepreneurs.

At Least 20 LTTE killed by air strikes on Karadiyanaru Tiger base

Sri Lankan air force fighter jets bombed yesterday a key LTTE base in Karadiyanaru, 24 Km from Batticaloa killing at least twenty LTTE cadres, defence sources said. Meanwhile, unconfirmed reports from the uncleared areas said LTTE Batticaloa -Amparai commander Banu was in the camp when it was hit by air strikes. Pro-LTTE websites have put the LTTE casualties at eight fatalities and four injured. The website said that 2 offiicals and 6 cadres, were killed and four wounded when Sri Lanka Air Force bombed Liberation Tigers' in Karadiyanaru.

Weak infrastructure impedes development Secretary to the Treasury asserts

By Quintus Perera – Asian Tribune

Dr. JayasundaraSecretary to the Treasury, Dr P B Jayasundera said the retardation of development and the country would have been led to other socio-economic problems due to the poor infrastructure, specially the roads and electricity. He was addressing the members of the Ceylon Chamber of Commerce at its 167th Annual General Meeting held at the Cinnamon Grand Hotel. Mahen Dayananda was elected as the New Chairman Ceylon Chamber of Commerce. Indicating that before funds were raised for development Sri Lanka would have obtained funds to develop the road network several years ago as if the infrastructure has been developed, then the development of the country would have taken place automatically.

NTB records 303% net operating profits during first 6 months

By Ashwin Hemmathagama – Our Financial Correspondent

Nations Trust Bank Ltd. of Sri Lanka (NTBL) has reported a 303 per cent increase in net operating profits, from Rs. 23.8 million to 95.9 million during the recently concluded 6 months. According to NTBL, on a combined entity basis (with the merger of Mercantile Leasing Ltd. (MLL) early this year), Group Operating Profit before Tax showed an increase of 73 per cent. “These exceptional results were seen on the back of an all round improvement with strong growth in Deposits and Advances, a pleasing increase in Fees and Commissions and while maintaining good control of Non-Performing loans, Provisions and Operating costs,” it stated.

Sri Lankan Govt criticizes Finish, Danish Pull out from SLMM

By Our Colombo Correspondent

Keheliya RambukwellaSri Lankan Government today described the decision to pull out from the SLMM by Denmark and Finland as "curving" into threat by terrorism. "This will set a bad precedent. While the entire world is fighting terrorism, this kind of action will give into errorism, by curving in to terrorist threats," said the government's Defence Affairs spokesman Minister Keheliya Rambukwella.Norwegian Embassy spokesman told the “Asian Tribune” that the peace facilitators had not decided over filling of vacant posts that resulted by the pulling out of Denmark and Finland members of the Ceasefire Monitoring Mission.

Air Force planes bombed Karadiyanaru - on the appeal by the Tamil civilians – Heavy causalities reported

Unconfirmed reports reveal of heavy Tamil rebel cadre causalities at Karadiyanaru, when Sri Lanka jets bombed today in the forenoon, with pinprick precision, “Thenakam” – former headquarters of the Liberation Tigers of Tamil Eelam for the Batticaloa – Amparai districts. It was revealed that airplane bombing took while a self defence training camp was on, conducted by the LTTE with the presence of Colonel Jeyam, the newly appointed special Commander of the region and the departing Commander Colonel ‘Bravo’ Bahnu. Sri Lanka’s Defence Ministry claimed that the bombing at Karadiyanaru was carried out on the request of the Tamil civilians who appealed to the Sri Lanka Security forces to save them and their underage children from abduction, conscription and forceful weapon training at Karadiyanaru, which was held today.

Bring LTTE Leaders to International Criminal Court for War Crimes against Children

Rallying under the banner of the local expatriate activist group, ‘Sri Lankan Patriots,’ saffron-robed Buddhist monks, saree-clad women, and men carrying children’s coffins will be among the hundreds of demonstrators expected to rally on August 5, from 10 am to 12 noon outside the Federal Building, 11000 Wilshire Blvd., in Westwood, CA to demand that UNICEF take action to bring the leaders of the Liberation Tigers of Tamil Eelam to the International Criminal Court (ICC) to face charges for war crimes against children. The rally organizers in a press release revealed that, according to the US State Department, there is credible evidence that the LTTE is holding about 5000 children in combat camps. In 2004 alone the LTTE recruited 1000 children.

Dialog Telecom records Rs. 4.93 billion net profit

By Ashwin Hemmathagama – Our Financial Corespondent

Dialog Telekom Ltd. (DTL) and its subsidiary Dialog Broadband Networks (Pvt.) Ltd. have recorded Rs. 4.93 billion net profit during the first six months of this year.During the period in focus, the DTL has contributed recording increase of 42 per cent in net profits to Rs. 4.89 from Rs. 3.45 billion during the corresponding period last year.

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