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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2960


Regulators agree on regional capacity building

By Ashwin Hemmathagama – Our Financial Correspondent

South Asian Securities and Exchange Commission representatives yesterday agreed on regional capacity building in terms of having capital market institution. Elaborating on recent developments in the area of regulations and Indian experience on securities related for development, International Organization for Securities Commissions Emerging Markets Chairman and the Securities Exchange of India Chairman M. Demodaran said: "India has vast number of market intermediaries, public issues, listed entities, and exchanges. Indian market capitalization is ranked high compared to other countries. But we still have certain areas which needs regularizing in terms of emerging markets," he said.

Six soldiers died and 18 persons arrested in two separate incidents.

Police discovered large haul of arms and ammunitions in the outskirt of Colombo. Earlier in the day, Police and STF personnel have found a bulk of arms and explosives inside a piggery in Uswetakeiyawa, Pamunugama on Saturday (26) morning at about 2.30 a.m. 02 claymore mines, 01 T 56 assault weapon, 08 Hand grenades, 02 magazines, 115 T 56 ammunition, 04 detonators and 20 meters of flexible wire have been found during a search and clear operation conducted by the Police and STF personnel.

Aerial bombardment exposes the vulnerability of LTTE

Aerial bombing of targets within the areas under the control of the Liberation Tigers Tamil Eelam (LTTE) has exposed the vulnerability of Tamil rebel outfit. Sri Lanka Government embolden by its initial success with precision bombing on several targets, continued to pound yesterday the LTTE base located in the east of Iranamadu. Reports reveal that bombings have destroyed several camps there. Sri Lankan military spokesperson Brigadier Prasad Samarasinghe said yesterday that Air Force planes carried out an air strike on an identified LTTE target in Kilinochchi. "We had information that they had some unauthorized air assets, and as they pose a threat to our Palali air base and to the region, we have conducted an air raid," he said.

Sri Lanka's tsunami victims to receive houses by 2nd anniversary of disaster

By Munza Mushtaq -- Reporting from Colombo for Asian Tribune

Newly appointed Chief Operating Officer of the Reconstruction and Development Agency (RADA) Shanti Fernando has declared that all tsunami-affected families entitled to housing replacement will be provided with houses, in time for the second anniversary of the tsunami, which falls in December 26th this year.

Sri Lanka heading towards a possible blackout?

By Munza Mushtaq - Reporting from Colombo for Asian Tribune

A fresh crisis has engulfed the Ceylon Electricity Board (CEBEU), owing to heightened tensions between engineers and the Board's vice chairman B.R.O. Fernando, with insiders cautioning that the crisis could even lead to a strike, thereby leading to a country-wide blackout.

India irked by Sri Lanka's marxist party's demand to de-merge North East

By Munza Mushtaq - Reporting from Colombo for Asian Tribune

Sri Lanka's cordial relationship with its big neighbor will be on the rocks in the event of President Mahinda Rajapakse conceding to the Janatha Vimukthi Peramuna (JVP) pressure and decides to de-merge the North and East. It is reliably learnt the Indian government is extremely annoyed with the latest JVP 'stunts' including letters to the president, the fundamental rights petition filed in the supreme court and also the demand that the North East should be de-merged if they are to join the government.

Five new ministers were sworn in today

Five MPs from the Ceylon Worker’s Congress (CWC) and the Up Country People’s Front (UCPF) swore in as Ministers and Deputy Ministers before President Mahinda Rajapaksa today. Arumugam Thondaman and Periyasamy Chandrasekaran were sworn in as ministers with cabinet rank today morning around 9.40 a.m. and 10 President Mahinda Rajapakse at the Presidential Secretariat.

Lull prevails in Jaffna, amidst sporadic incidents of aerial bombardments and artillery fire

Reports from Jaffna reveal of a lull prevailing in the region, despite of a sporadic incidents of aerial bombardments and artillery fire here and there. Reports received in Colombo revealed that Sri Lanka Air Force (SLAF) bombers Thursday morning bombed Kattaikadu area in Liberation Tigers of Tamil Eelam (LTTE) controlled Vadamaradchi East twice yesterday.

Sri Lanka's Monitors lose count as fighting continues unabated

By Munza Mushtaq - Reporting from Colombo for Asian Tribune

The hefty increase in the number of ceasefire violations have even made it 'humanly impossible' for the Sri Lanka Monitoring Mission (SLMM) to keep track of the number of truce violations. The mission's spokesman Thorfinur Omarsson told the "Asian Tribune" that, "monitoring a warlike situation is impossible; both sides ar violating the ceasefire agreement by the dozens on a daily basis. We were brought here to monitor a ceasefire not a war," he declared.

Sri Lanka: geographical positioning increases vulnerability for HIV

By Ashwin Hemmathagama – Our Financial Correspondent

Sri Lanka which is already categorized as a low prevalence country to spread HIV/ AIDS, the geographical positioning of the country increases the future risk in spreading the epidemic. Health and Nutrition Ministry, National STD/ AIDS Control Programme Consultant Venereologist Dr. Sujatha Samarakoon yesterday disclosed this at special media conference held in Colombo on the highlights of the recently concluded International AIDS Conference in Canada.

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