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Sri Lanka Bombs Rebels After Navy Boat Is Sunk
reuters.com,
march 23.
COLOMBO, March 22 (Reuters) - Sri Lankan air force jets bombed rebel Tamil Tiger ground positions on Saturday after a navy patrol boat was sunk by a suspected rebel mine off the northeast coast, with 10 of the 16 crew missing and feared dead.
Pro-Tamil sources said the Dvora fast attack boat was destroyed by a suicide squad of so-called black Tiger fighters, with three rebels killed in the sea clash.
But the military said the boat struck a mine during an early morning patrol by two navy craft in darkness near Nayaru area, around 300 kms (185 miles) north of the capital Colombo.
"We suspect it was an LTTE (Liberation Tigers of Tamil Eelam) sea mine," navy spokesman Commander D.K.P Dassanayake told Reuters, saying the explosion happened around 2am.
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Published: Sat Mar 22 21:28:22 EDT 2008
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Sri Lanka Central Bank Will `Maintain Tight Policy' This Year
bloomberg,
March 23.
March 23 (Bloomberg) -- Sri Lanka's central bank will maintain its ``tight monetary policy'' through the end of this year on concern surging oil prices may fan inflation in the $27 billion economy.
``We should see the demand side in inflation coming down dramatically as a result of the very tight program we have been implementing,'' said Nivard Cabraal, governor of the Central Bank of Sri Lanka, in an interview in Jakarta yesterday. He was in the Indonesia capital to attend a two-day conference of South East Asian central bankers.
Rising oil prices and a weakening rupee may accelerate inflation in the South Asian nation as the government struggles to contain increasing prices of food and high commodity prices such as oil. State-owned Ceylon Petroleum Corp. and Lanka IOC Ltd. raised fuel prices in January for the first time in almost six months to cut losses caused by record oil costs.
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Published: Sat Mar 22 21:45:27 EDT 2008
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Tiger rebels sink Sri Lanka navy boat
reuters.com,
march 22.
COLOMBO (Reuters) - A Sri Lanka navy fast attack boat was destroyed on Saturday when it hit a suspected sea mine laid by Tamil Tiger rebels off the northeast coast, with 10 of the 16 crew still missing, the military said.
But pro-Tamil sources said the boat was destroyed by a suicide squad of so-called black Tiger fighters, with three rebels killed in the sea clash.
The military said the boat struck a mine during an early morning patrol by two navy craft in darkness near Nayaru area, around 300 km north of the capital Colombo.
"We suspect it was an LTTE (Liberation Tigers of Tamil Eelam) sea mine," navy spokesman Commander D.K.P Da
More...
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Published: Sat Mar 22 01:28:19 EDT 2008
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