Wednesday, March 12, 2008

Aerial Attacks Support Forward-Marching Troops

SRI LANKA AIR FORCE fighter craft conducted three air sorties this morning (12) in the north and east of MADHU at about 7.30 a.m. in support of the ground troops now inching forward.

Air targets centered on three Tiger terrorist camps in the area, from where Tiger terrorists were directing heavy fire on to the marching troops.

Air Force pilots confirmed the precision of the targets. Ground troop operations are under way.

Sri Lanka charges Tamil Tiger leader for murder

The Sri Lankan authorities have filed indictment against the leader of the rebel Liberation Tigersof Tamil Eelam (LTTE) Velupillai Prabakaran for the murder of former foreign minister, officials said Tuesday.

Officials from the Attorney General's Department said that Prabakaran and five other rebels were charged on Tuesday for the August 2005 murder of then Foreign Minister Lakshman Kadirgamar.

A fellow Tamil, Kadirgamar was gunned down near the swimming pool of his Colombo home by a LTTE gunman. Kadirgamar had led an international campaign against the rebels which resulted in several countries banning the rebel outfit.

The Colombo High Court in October 2002 sentenced Prabakaran for 200 years imprisonment for bombing the country's Central Bank building and killing about 100 people in January 1996 in trial held in absentia.

Read more,
http://news.xinhuanet.com/english/2008-03/12/content_7769353.htm

SAARC summit venue shifted to Colombo

Sri Lanka on Tuesday decided to shift the venue of the upcoming South Asian Association for Regional Cooperation (SAARC) summit from Kandy to Colombo due to inadequate facilities in the island nation's scenic tourist spot to accommodate the leaders and delegations from the member countries.

The 15th summit of the regional grouping and its preceding meetings are scheduled to be held from July 27 to August 3.

''Colombo city hotels have been identified to accommodate around 1200 delegates and media personnel associated with the event,'' an official statement said.

The shifting of the venue from Kandy to Colombo has been done due to inadequate infrastructure facilities to accommodate the seven heads of state, their respective delegations and the large international and regional media contingent, it said.

Read more,
http://www.ndtv.com/convergence/ndtv/

Sri Lanka Telecom extends gains on NTT sale expectations

Sri Lanka Telecom (SLT) extended gains Wednesday on expectations of a sale of stock by NTT to Malaysia's Usaha Tegas group following a court order permitting the sale, dealers said.

SLT share rose one rupee to 39.25 on top of a 1.50 rupee gain on Tuesday.

Meanwhile, SLT said in a regulatory filing that a proposed shareholder agreement between Sri Lanka's government and the UT group cannot go ahead, but a court ruling has allowed a separate management deal.

Japan's NTT Communications which now owns 35.2 percent of SLT has a shareholder agreement with the government which owns 49.5 percent of the company, giving NTT benefits including the right to appoint a chief executive.

NTT was originally proposing to sell a 25 percent stake in Sri Lanka Telecom to Global Communications NV, a UT group investment vehicle, retaining a 10 percent stake.

Read more,
http://www.lankabusinessonline.com/fullstory.php?