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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2612

News

15 LTTE cadres believed to be killed in a Karuna’s attack

By Our Colombo Correspondent

Fifteen Tiger guerrillas are killed in an attack believed to be carried out by the cadres loyal to former LTTE Eastern commander Vinayagamoorthy Muralitharan alias Karuna on three LTTE bunkers in Periyapalam, South of Trincomalee, intelligence sources said. Three LTTE observation points in uncleared area had come under the attack by the Karuna group at 1.30 am today.

India to give Rs 100 crore to Nepal for its reconstruction

By M Rama Rao - Reporting from New Delhi

Marking the visit of Prime Minister G P Koirala to New Delhi, India has decided to give Rs. 100 crores to Nepal as budgetary support for its economic reconstruction and political stabilization. India will also provide long term funding for various infrastructural and developmental projects particularly in roads and power sectors. Officially however there is no word as yet on India resuming military aid which was suspended after King Gyanendra staged his palace coup. But indications are that India will clear the decks for 'non-lethal defence' supplies. This is also what Nepal wants.

Senior Sri Lankan Minister explodes against Muslim Congress Leader

By Munza Mushtaq -- Reporting from Colombo for Asian Tribune

Senior Muslim Minister A.H.M. Fowzie who has expressed his outright opposition against plans by the Sri Lanka Muslim Congress (SLMC) to join the Government has lashed out against the SLMC and its leader Rauff Hakeem calling them 'bankrupt' and 'in desperate need of power'.Fowzie, a senior Sri Lanka Freedom Party stalwart and holding four Ministerial portfolios including Transport and Petroleum charged that Hakeem had always had a knack for jumping from one party to another which ever was in power.

MMA Chief to stay away from polls under Musharraf’s supervision

By Iqbal Hussain Khan Yousafzai – Reporting from Islamabad

Chief of the Muttahida Majlis-e-Amal MMA, an alliance of six mainstream political religious parties, Qazi Hussain Ahmad has said that he would not be participating in the next elections, if held under the supervision of President General Pervez Musharraf.Talking to newsmen on the occasion of his party central executive committee meeting at Mansoora, headquarters of the party in Lahore, Qazi clarified that it was his personal decision and, at this time around, he couldn’t say what would be the decision of the Jamaat-e-Islami Pakistan Executive Committee or Majlis-e-Shoora.

Iraq's Chairing of U.N. Rights Committee Faulted

By Thalif Deen - Inter Press Service

The 191-member General Assembly is expected to elect Iraq as chair of a key U.N. committee dealing with human rights and social development. But the proposed election comes at a time when both the United Nations and several human rights organizations have accused successive U.S.-backed governments in Baghdad of either committing or ignoring human rights abuses in the military-occupied country.

'Pak President Aides in talks with JUI for his re-election'

By M Rama Rao - Reporting for Asian Tribune from New Delhi

While Benazir Bhutto and Nawaz Sharif are busy cementing their new found alliance to take on President Musharraf, he is quietly consolidating his position to ensure his 'smooth re-election'. His plan is to have the re-election before the year is out. In other words, he wants to deny time and space to his political rivals to put their act together, reports in the Pak media say.
Both the News International, the Karachi based daily known for its leanings towards the establishment and the Daily Times, the Lahore based left leaning English daily reported on Wednesday, as if in tandem, that political managers of President Musharraf have opened 'back channels'with Jamiat Ulema –e-Islam of Maulana Fazlur Rehman.

Open Letter to Dr. Robert Ray Hill of Open University, Missouri, USA

Dear Dr. Robert Ray Hill,

Asian Tribune wishes to place on record that your unorthodox efforts to clear the name of TIU - The International University, located in Missouri, by trying to post comments in the columns meant for readers of the “Asian Tribune” is not a procedure endorsed by the “Asian Tribune.” If the TIU had any concerns about items published in the “Asian Tribune the straightforward and the commonly accepted practice should have been to write directly to the Editor, “Asian Tribune” stating your position. The Asian Tribune is always open to criticism and we consistently adhere to the principle of the right of reply.

Sri Lanka: Richard Pieris Group quit investment at AMW

By Ashwin Hemmathagama – Financial Correspondent

Richard Pieris Group (RPG) yesterday disposed their Associated Motorways Ltd. (AMW) stock quantity which approximately 1.744 million shares where the buying party was the AMW Chairman Ajith de Zoysa himself, who assumed to enhance his personal portfolio. Inthi Mohamed, Head of Research and Economic Division of the Ceylinco Stock Brokers (Pvt.) Ltd told the “Asian Tribune” that this trade has given the much needed boost to the market turnover which went up to Rs. 876.27 million. “What was atypical about this trade was that the share price did not appreciate from the prior closing of Rs. 360/- to yesterday’s closing of Rs. 360/-. However, the price did fluctuate between a low of Rs.330/- to a high of Rs. 360/- during the days trading,” he said.

'Chinese economy is wilting under bad bank loans': Experts

By M Rama Rao - Reporting from New Delhi for Asian Tribune

Structural weaknesses in Chinese economy? This question has come up front suddenly as latest studies by economic think tanks and strategic analysts say 'Chinese economy is not healthy'. This must come as a surprise to all those from Kerala to Bengal impressed by China's growth story. Till now the perception in the West is 'underneath it all, China is sound'. It is bound change. New studies point out that the Chinese banks remain 'acutely vulnerable to an economic slowdown'.

Minister Douglas Devananda meets the displaced people of Allapiddy

Secretary General of the Eelam People’s Democratic Party and Social Services and Social Welfare Minister, K.N. Douglas Devananda met the displaced people of Allapiddy in person at Our Lady of Refuge Church in Jaffna and St. Nicholas Church in Navanthurai between yesterday and listened to their grievances. During this meeting the people had spoken from their hearts and told the Minister, if their security is assured then they were willing to go back to their homes in the islet.

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