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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2422

News

Tamil Tigers cut, shot and massacred 12 Sinhalese civilians

Suspected militant cadres of the Sri Lanka Tamil Separatist organization cut, mauled, shot and killed 12 Sinhala civilians in a row on 29 May, around 8.30 p.m.. But 2 of them fled with serious injuries and reported the incident to the police this morning. They have been admitted to a local hospital for treatment. Unknown LTTE militant cadres entered the Sinhala settlement village of Rantharathenna in Omadiyamadu; around 10 km north of Welikanda in Polonnaruwa, Batticaloa border on Monday night shot and cut to death 12 Sinhala settlers.

Opportunities for bargain hunting

By Quintus Perera, Asian Tribune

The Share Market Review for the preceding week on All Share Price Index (ASPI) complied by the research team of the HNB Stockbrokers (Pvt) Ltd indicated that The market remained sluggish with low activity levels as investors continued to take a cautious approach. The All Share Price Index (ASPI) closed the week at 2211.6 points falling by 14.4 points or 0.65% compared to last week. Meanwhile the Milanka Price Index (MPI) showed a steeper 43.7 point or 1.53% drop compared to last week, to close at 2805.7 points on Friday. The faster drop in MPI was due to, majority of the heavy weights included in the MPI, including Dialog, JKH and SLT experiencing a decline in share price for the week.

Time for world nations to hold the Burmese generals accountable

National Coalition Government of the Union of Burma, a Government in exile, has condemned the Burma Army Generals for their decision to extend the House arrest of Aung San Suu Kyi, the leader of the opposition in Burma. The Government in exile also has pointed out that, “It has become more apparent from recent developments that the only language these Burmese generals can understand is the threat to their security and their plan to install a military dictatorship through their national convention and other steps of their roadmap. “

Multi-donor technical assistance program to uplift SME development in Sri Lanka

By Ashwin Hemmathagama - Asian Tribune Financial Correspondent

The private sector arm of the World Bank Group; International Finance Corporation yesterday launched its latest program SouthAsia Enterprise Development Facility (SEDF) for Sri Lanka and Maldives which is a multi-donor technical assistance program for small and medium enterprise development. According to IFC the IFC-SEDF program will serve as a catalyst for accelerating the growth rate of the SME sector in these two countries. IFC South Asia Director, Iyad Malas explaining the program features said that it would help bridge the technical gap between the SME and the financial company while improving the business environment for SMEs, contributing to broad-based economic growth and to sustainable poverty reduction.

EU ban LTTE officially : LTTE agrees to attend talks

The European Union today placed the Tamil Tigers on their list of banned terrorists. The decision will be formalized later by an official publication in EU’s Journal. This is the biggest blow faced by the Tamil Tigers since they entered the peace talks negotiated by the Norwegian facilitators. Tigers are now on the banned list of 31 countries – i.e. 25 in the EU, plus USA, UK, Australia, India, Canada and Malaysia.

Vacate Muthur – Muslims are told by suspected LTTE’s auxiliary force

LTTE is back again on the ethnic cleansing of the Muslims. This time the targeted region is Muthur located in the Trincomalee district. Muslims inhabited in the Muthur region have been threatened to evacuate within the next 72 hours, the sources from Muthur confirmed.

Daw Aung San Suu Kyi’s Continue detention condemned

The National Democratic Party for Human Rights (NDPHR) in exile, strongly condemned the Burma Army Generals’ decision to extend the detention of Aung San Suu Kyi, the democracy icon of Burma for another 12 months against the world opinion and the aspirations of the Burmese people.

Meghalaya politicians to debate on Uranium mining

By Raymond R Kharmujai – Asian Tribune

A day after the multi-coalition MDA government prohibited holding a debate on the proposed Uranium mining in Nongstoin, the pro and anti Uranium mining politicians decided to face each other in the State capital. On Sunday last, the West Khasi Hills Deputy Commssioner, KL Tariang prohibited holding of a public debate in his district fearing ‘breakdown in law and order’.

`Watch out for Tiger provocations’

By Janaka Perera – Asian Tribune

Sri Lanka’s Human Rights and Disaster Management Minister Mahinda Samarasinghe has called upon the Sinhala people to act with great responsibility and be on guard against Tiger provocations at all times. Samarasinghe made the appeal during a May 29 interview with the SLBC Sinhala service. His appeal came in the wake of neighbouring Tamil Nadu having to bear another influx of Sri Lankan Tamil refugees.

TIU-USA denounces relations with Bangladesh campus

The International University (TIU) has sent a rejoinder to the news item captioned 'Minister's wife running fake university'. In the rejoinder, sent by 'Dr. Robert Ray Hill', TIU-USA said: "I work with Dr. Stephen Barnhart, the Chancellor of The International University, located in Missouri. I want you to know that we do not support what has happened with TIU Bangladesh and the actions of the wife of the Education Minister and have severed all ties with this university.

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