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Asian Tribune is published by E-LANKA MEDIA(PVT)Ltd. Vol. 20 No. 83

Monthly archive

South Sri Lanka

Only with UN approval US action against Iran

By J. N. Raina - Syndicate Features
US President George W Bush has assigned to himself the role of Genghis Khan, who had subjugated millions of people and converted them to Islamic faith. Ironically, it is Osama bin Laden, the sworn enemy of Bush, who is asking the Americans to embrace Islam. The rub is there is no one to deflate the course of the `American Khan’, whose eyes are set on Tehran. Bush and his aides have drawn up a `massive’ plan to wipe out Iran. There is no outcry, in the absence of a coherent governing body at the United Nations.

Last minute recovery amid renewed interest

By Quintus Perera – Asian Tribune

The HNB Stockbrokers in their weekly review indicates that the market opened lower and continued to be so during most part of the week except on Wednesday and Friday where the market witnessed a marginal increase of 3.72 points on Wednesday and a substantial rise of 23.1 points on Friday which drove up the market index to close marginally below last week’s 2586.6 points. The All Share Price index (ASPI) slid a mere 1 point or 0.04 percent to 2585.6 points while the Milanka Price Index (MPI) edged up 0.37 percent or 12.9 points to end at 3519.1 points.

Dhaka Diary: “Bangladesh is in the throes of change”

Rabindranath Trivedi from Dhaka, contributing for Asian Tribune

In the First Week of October 2007 - In view of the prevailing conditions in Bangladesh, particularly in the backdrop of the public's loss of confidence in politicians, it would be advisable to take the elections as only a first step on the road to a democratic setup while a body/bodies would continue to monitor the activities of the institutions that would sustain democracy in the long run.

Lack of awareness prevents insurance benefits

By Quintus Perera - Asian Tribune

Though there is commendable improvement in the insurance industry in Sri Lanka with several insurance companies competing, due to the lack of awareness of insurance and its benefits it has made a direct impact on economic recovery said Ms Naoko Ishi, Country Director, World Bank while addressing the Inauguration of the National Insurance Congress 2007 at Water’s Edge Hotel, Battaramulla last week. She pointed out that there is tremendous opportunity to improve the insurance industry in Sri Lanka in such areas like aging sector and said that the insurance contribution was only 1.5 percent of the GDP.

To Promote Regional Peace and Stability, ASEAN must take Initiative to tame its unprincipled member

By - Zin Linn

The United Nations Security Council has finally adopted a presidential statement issued by the previous President of the Council, Ghana's UN Ambassador Leslie Christian, on Burma's ruling military junta, which brutally crackdown on pro-democracy activists during the ‘Saffron Revolution.’ Despite the fact that the original draft strongly condemned the military junta, the final statement released on 11 October 2007 only says, "The Security Council strongly deplores the use of violence against peaceful demonstrations in Myanmar and welcomes Human Rights Council Resolution S-5/1 of 2 October 2007." The statement also calls on the junta and all other parties concerned to work together towards a de-escalation of the situation and a peaceful solution.

Sri Lanka rushes troops down-south as LTTE launches sudden attack on a jungle army base

South Sri LankaSri Lanka began dispatching troops down-south a while ago as LTTE rebels unexpectedly began attacking an army detachment in the deep south. The detachment is located 40 km away from the popular pilgrimage city of Kataragama. Kataragama is situated 228km south of Colombo. Despite being a pilgrimage city, the region is enveloped in jungles. Initial reports only said that gunfire was heard from the vicinity, without specifying any details.