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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2992

Monthly archive

Mangala, Jailya and Mrs. Senrat

Sri Lanka: Share market slumps significantly

By Quintus Perera – Asian Tribune

HNB Stockbrokers in their weekly review indicated that the market went through a correction this week with both indices slumping significantly. For the 1st four days of the week (Monday – Thursday) the All Share Price Index (ASPI) fell by 139 points or 4.7 percent, while the more sensitive Milanka Price Index (MPI) declined by 242 points or points or 5.8 percent. On Friday the market picked up moderately, however failed to makeup for the losses recorded over the previous four days.

Sri Lanka to be featured as the leading country at a apparel sourcing show in August in Las Vegas

By Walter Jayawardhana

Sri Lanka, already famous for its manufacturing of top selling brands like ‘Victoria’s Secret,’ in the United States, to lure more companies, will be exhibiting its apparel products in next August at one of the leading apparel sourcing shows visited by thousands of potential wholesale and retail chains and private dealers. Frank S. Yuan, Chairman and CEO of the ASAP show said Sri Lanka would have the next show’s Focus Country Pavilion for at least 30 Sri Lankan manufacturers of apparel and related products if the final approval comes from the Sri Lanka government.

300 Killed civilians from Trincomalee district to be compensated: Vaharai resettlement to be completed by 31 March

Sri Lanka Government has decided to compensate all those civilians killed in the Trincomalee districts due to clashes with and also killed by the Liberation Tigers of Tamil Eelam. Abdul Risath Bathiyutheen, Minister of Resettlement and Disaster Relief Services told “Asian Tribune” that Rs. 100,000 would be paid as compensation to the family members of those killed in the conflict from the Trincomalee district.

"Look for Prof. Raveendranath in Vanni " - Pillaiyan advices family members of the Vice Chancellor

Tamil Makkal Viduthalai Pulikal categorically denies of any involvement in the abduction of Prof. Sivasubramanium Raveendranath, Vice Chancellor of the Eastern University. Prof. Raveendranath (55 years) the Vice Chancellor of the University was abducted on 15 December 2006, in Colombo. So far no one has claimed responsibility for the abduction. On 15 December, Prof. Raveendranath went missing after leaving his home in the morning to attend the annual conference of the Sri Lanka Association for the Advancement of Science (SLAAS), at Vidya Mawatha, Colombo 7.

Un-making old choices: the battle for peace in Sri Lanka

By Dr. A.R.M. Imtiyaz

Sri Lanka an island of three nations, Sinhala-Tamil, and Muslim locates in South Asia. The island is popular both for deadly ethnic civil war and democracy. This article, however, only deals with the deadly ethnic civil war which killed more than 70,000 Sri Lankanas, mostly the ethnic Tamils who predominantly live in the country’s war-ridden North-East, the region Tamils consider as the traditional homeland. Mr. Rajapakshe, the President of Sri Lanka who came to power in November 2005 with an anti-Federal and the Sinhala nationalist agendas appointed an advisory committee and the All-Party Conference (APC) as his predecessors did, to initiate a political solution.

Expedite the inquiry into the killing of 17 Action Against Hunger staff

The Inter-Agency Standing Committee Country Team (IASC CT) in Sri Lanka has urged the investigation of the deaths of the 17 Action Against Hunger (ACF) staff in Muttur last August be expedited, both by the police and the newly appointed Commission of Inquiry. Following the conclusion of the official Magistrate's inquest into the killing of 17 aid workers in Muttur last August, The Inter Agency Standing Committee in Sri Lanka has called for the expeditious investigation.

Dr. Rajendra Prasad - A man of extraordinary qualities

By: R.K. Bhatnagar - Syndicate Features

Long before the Gandhian era had set in the country a true Gandhian was born in a small village in North Bihar. Jawaharlal Nehru, life long associate of Rajendra Prasad both in the struggle for independence and later in the Government after attaining independence described him as ‘Bharat”. Gandhiji, speaking of him said, “There is at least one man who would not hesitate to take the cup of poison from my hands.” Such was this man of extraordinary qualities. Despite a peasant background, Rajendra Prasad had a brilliant academic career. He obtained First class First in all the examinations he took. He started his legal career in Calcutta as junior lawyer to Khan Bahadur Shamsul Huda.

Forbes 2007 list: Nearly one thousand billionaires in the world, a misfortune for humanity

Forbes magazine released its annual list of billionaires Thursday. There are now nearly one thousand billionaires worldwide—946 to be exact, according to the magazine’s calculations—and their combined wealth in the past year grew by 35 percent to $3.5 trillion. The latter figure is larger than the Gross Domestic Product (GDP) of every nation in the world with the exception of the US, China, Japan and India. The combined GDP of all the countries in Africa, a continent of nearly one billion people, was some $2.3 trillion in 2005. More than a third of the African population lives on less than $1 a day. The combined GDP of South America’s largest trading bloc, Mercosur, whose full members are Argentina, Brazil, Paraguay, Uruguay and Venezuela, is $1.1 trillion.

George Fernandes

George Fernandez’s flip flop on Bofors issue embraces Vajpayee, BJP

By M Rama Rao - Asian Tribune, Delhi

George FernandesBy George! The one and only George Fernandes could do it. The out of work aged socialist has compounded the miseries of Bharatiya Janata Party (BJP) – first by making the Bofors gun recoil on the BJP from the far away Dharmasala in Himachal Pradesh on Saturday and second by making a U-turn at a press conference at his New Delhi residence on Sunday. Only a maverick can hope to get away by such flip-flop. And George Fernandes is a lonely maverick.