Sri Lanka News Updates with Discussions

If you are so victorious , why did you fall back with your 'tails in between the legs ' !

Nice way to remind People not to waste petrol as precious commodity !

Will the Army Commander get one more car too since he needs one more year !

Will the Army Commander get one more car too since he needs one more year !

Despite Government s much trumpeted military victories and sound economic growth, investors don t seem to have much cheer, as the Colombo Stock Market plunged to its lowest levels in a year.

The main All Share Price Index fell over 1% or, over 28 points, to finish at 2,372 points, a one-year low. It was also the 10th consecutive fall that took to its lowest close since July 19, 2007. Brokers said that, the plunge was over concerns of the impact of high interest rates and inflation on corporate earnings, added to worries of the long-running civil war.

The Market has fallen by nearly 12% from an 11-month high on April 23. Market capitalization yesterday was Rs. 767 billion, down by 6.5% from staart of this year.

Investor sentiment is very weak, mainly on earning fears, Reuters quoted Assistant Research Manager, HNB Stockbrokers, Geeth Balasuriya, as saying.

High inflation and high interest rates are pressurising profit margins of the companies due to high costs, while some companies are discouraged to go for new investments due to high borrowing cost.

Sentiment on the corporate sector has been hit by poor economic data. Annual consumer price inflation rose to a 5-year high of 28.2% in June, while annual economic growth in the March quarter slowed to 6.2% from 7.6% in the previous quarter.

he will stay until we wipe out all the WETAMIL cannibals !

Already the Economy is in doldrums. IF the local companies cant raise interest free money from the public, then it indicates the amount of confidence the people has in its economy !

The recent military operations have pressurized the LTTE and they are hunting on our children to replace their numbers lost in the battles, he further added.

'We are the victims of Tsunami in 2004 but we didn't receive any assistance or aid as the LTTE looted those aid working as an intermediary', one of the escapees said.

'We were also prevented by the outfit from fleeing our native area as the LTTE using us as a human shield when attacking at the security forces marching towards deeper LTTE territory', the escapee further said.

Fonseka cant be given extension for another 20 yrs Dude !

Tamil Nadu s fishermen bitterly complain that the Sri Lankan Navy is aggressively preventing them from exercising their traditional right to fish in the Palk Strait, especially around Katchchativu island, which was ceded to Sri Lanka in the 1970s.

But the Sri Lanka Navy contends that the problem is not about Tamil Nadu fishermen poaching around Kachchativu, but the massive daily intrusion of these fishermen into Sri Lankan waters very near Mannar and Jaffna, posing a major security threat to North Sri Lanka.

They not only poach fish, but smuggle in fuel and other war-like material for the LTTE (Liberation Tigers of Tamil Eelam), Sri Lankan navy s spokesman, Commodore DKP Dassanayake, told Express here on Tuesday.

For example, between June 6, 2007 and July 7 this year, asmany as 6,839 Indian fishing boats were seen off the north Sri Lankan coast, especially Thalaimannar, Pesalai and Delft island.

These boats carry fuel, bicycle balls and explosives for the LTTE. Several of them have been seen heading towards Viduthalthivu and other places, presently under the control of the Liberation Tigers of Tamil Eelam.

We also learn that each boat gives 20 litres of fuel as a bribe to the LTTE to be able to fish in this area. Just imagine the amount of fuel that the LTTE must be getting on a daily basis from these fishermen, Dassanayake said.

so other will get their chance as well to kick more tiger a55ses!

Keep the good work going !