vol. 26 no.81 thursday 6th april, 2006 rs.15 - 28 pages

1
Thursday 6th April, 2006 Page V Page II Koizumi to be third longest serving premier Indian director hopes to cast Paris Hilton as Mother Teresa By Tom Peterkin, Ireland Correspondent T he senior Sinn Fein official who last year admitted being a paid British spy for 20 years was found murdered yester- day. One of Denis Donaldson's hands was reportedly cut off before he was shot dead in a cot- tage in Co Donegal. Suspicion immediately fell on republicans, who were outraged to learn in December that Donaldson, the former head of Sinn Fein's international depart- ment, had been a traitor to the Sinn Fein/IRA cause. During the Troubles, it was standard practice for the IRA to shoot British agents. But it had been assumed that since the ter- rorist group's promise to embrace peace last year, treating Donaldson, 56, in the same way was politically unacceptable. When Donaldson was exposed as a spy , Sinn Fein assured him that he would be safe. However, individual republicans indicated that he would no longer be wel- come in Belfast. In a statement, the IRA denied it was responsible. Donaldson fled his family home in the west Belfast estate of Atnamona and last month he was tracked down to a remote cottage on the west coast of Donegal by the Sunday World tabloid newspaper. It was in his cottage, near the village of Glenties, where he had been living in squalor without elec- tricity or running water, that his body was found at 5pm. He was killed less than 48 hours before Tony Blair was due to arrive in Ulster to announce the next phase of the peace process and his plans to resurrect the Northern Ireland Assembly. Gerry Adams, the Sinn Fein president, quickly condemned the killing and dissociated his party from it. He passed his sympathies to the Donaldson family. The Sinn Fein president refused to speculate on who was responsible. There were reports that the Government believed that the murder had been carried out to destabilise the peace process. Any suggestion that the killing was carried out by republicans will be highly damaging to the peace process given the scepti- cism with which the Democratic Unionist Party and the Ulster Unionist Party have treated the IRA's promise to give up violence. A sign of the republican resentment against Donaldson came last month when his son Pearse Donaldson was vicious- ly attacked in the home that he used to share with his parents in west Belfast. Nigel Dodds, the Democratic Unionist Party MP for North Belfast, urged unionists not to believe Mr Adams's denials or to fix blame on dissident republi- cans. "Unionists do not accept divisions between good and bad IRA terrorists," he said. Bertie Ahern, the Irish Prime Minister, confirmed the shooting was a "brutal mur- der" and Peter Hain, the Northern Ireland Secretary, described it as a "barbaric act". (C) The Telegraph Group London 2006 Britain's Sinn Fein spy found shot dead Denis Donaldson By Roger Highfield, Science Editor T he Government has been told that it is now possible to assess how much animals suffer from experi- mentation, with initial research sug- gesting that a significant number of experiments cause little or no dis- tress. A way to make animal experiments more open and scientists more accountable is described in a report on a pilot study by the Laboratory Animal Science Association and the Animal Procedures Committee, which advises the Home Office. It showed that production of genet- ically modified animals, which makes up a significant proportion of the experiments, involve minimum or no suffering. But the committee stressed that the survey was limited and it was too early to draw broad conclusions. The report recommends a "two- grid" system in which scientists record the maximum severity and its duration, and the duration and severi- ty of the remainder of the experiment. (C) The Telegraph Group London 2006 (C) The Telegraph Group London 2006 NEW WAY TO ASSESS ANIMAL SUFFERING Genetically modified animals Sinn Fein The Commercial Bank yesterday sold nearly 4% of its DFCC holding to an unidentified foreign buyer believed to be a fund manager, brokers and senior banking sources confirmed. A total of 2.2 million DFCC was done at a high of Rs.230 and a low of Rs.225 with the share closing on the VWA at Rs.229.25, a gain of Rs.6.50. CommBank got the Rs. 230 price, brokers said. “We acquired the shares a long time ago and there is a sizeable capital gain on the transaction,’’ a senior Commercial Bank official said but was unable to immediately quantify what this might be. With Commercial Bank owning over 13% of DFCC, yesterday’s sale reduces its stake in a rival entity which has also entered the commercial banking scene through the DFCC Vardhana Bank. CommBank and DFCC were at one time considering an arrangement through which a single holding company would control both banks via a share swap arrangement but this was thwart- ed by the Regulator. DFCC too holds a slice of CommBank, analysts noted. Asked whether the stake sold yester- day was up for grabs for a long time in the market, the senior CommBank offi- cial said “no.’’ But he said that the ComBank was progressively strengthen- ing its capital adequacy and this sale was part of this strategy. ``Now that we no longer want an alignment with the DFCC we decided to sell off part of the shares partly because liquidity was tight. We wanted to sell when the market came up to the level we were looking at,’’ another senior CommBank source said. The bourse yesterday saw turnover at Rs.966.6 million approach the billion rupee mark, up from the previous day’s Rs.712.8 million with both the All Share and Milanka price indices moving up fairly sharply. The All Share was up 22.42 points while the Milanka was up 25.93 points. Brokers said that some illiquid shares like Carsons, Bukit Darah, CDIC and Printcare helped to move the indices up. “There was also punting on one- rupee stock, principally Royal Ceramics and Asiri Medical Services,’’ a broker said. Royal Ceramics saw over 3.9 million shares traded between Rs.3.30 and Rs.3.60 and was up 30 cents on the VWA to close at Rs.3.60 while Asiri Medical, with nearly 4.3 million shares done between Rs.3.10 and Rs.3.30 closed at Rs.3.20 on the VWA gaining 10 cents. There was movement in the one- rupee shares of Ceylon Glass too with over 1.6 million shares traded although the counter closed flat at Rs.2.50 on the VWA. Dialog with 0.6 million shares done closed flat at Rs.19.75 while SLT with nearly 1.3 million shares traded gained 50 cents to close at Rs.18.75 on the VWA. Deal signals raising capital adequacy cash CommBank sells nearly 4% of DFCC taking tidy capital gain Thursday 06th April, 2006 www.island.lk JICA to donate... J apanInternational Cooperation Agency (JICA) has promised to donate Rs.500 million, under a project to establish Japan SriLanka Colleges of Technology to strengthen technical education and training (JSCOT). Page 3 T heworld’s local bank, HSBC, issued its two hundred thou- sandth credit card this week. Reaching this target comes a midst celebration for the bank, which con- trols almost one-third of the credit cards market. In addition, the bank also controls over fifty per cent of the total credit cards spend in the country. Page 4 GSK assignes... Today Previous Days HSBC issues... Forex Asia, lead TOKYO: The euro hit a new 10-week high against the dollar in Asian trade as the US unit also fell sharply against the yen, with the market betting on rising eurozone interest rates, dealers said. Commodities energy oil Asia price SINGAPORE: Oil prices were easier in Asian trade as the market took a breather after jumping to near 68 dollars a barrel and ahead of the weekly US crude inventory report, dealers said. Thailand vote economy BANGKOK: Thai shares jumped after Prime Minister Thaksin Shinawatra stepped down, a move praised by business leaders who said an end to months of turmoil will shore up investor confidence. Thailand vote forex SandP SINGAPORE: International credit rating firm Standard and Poor’s affirmed its foreign and local cur- rency ratings for Thailand after embattled Prime Minister Thaksin Shinawatra’s sudden announcement to resign. SKorea banking crime US company SEOUL: South Korean auditors said they have questioned former and current government officials over their role in the controversial sale of a local bank to US fund Lone Star, which is now seeking to cash in on its investment. SKorea IT US Qualcomm company probe SEOUL: The South Korean unit of Qualcomm, a world leader in mobile phone technology, has been raided by fair trade regulators, the California-based company said. - AFP By Don Asoka Wijewardena Sri Lanka so far had no specifically identified docu- ment listing the energy sec- tor policy,but the country has been practising policies and strategies that have brought benefits to the economy,said Power and Energy Minister W.D.J.Seneviratne at a Workshop on National Energy Policy and Strategies of Sri Lanka held at Ceylon Continental Hotel on April 5. Minister Seneviratne said that Sri Lanka could be happy that nearly 75 per cent of the households now had grid electricity and thou- sands more were served by off-grid networks and added that as the country had reli- able supply of petroleum products,kerosene was pro- vided at a highly sibsidised price. He said that Biomass had retained its position as the largest source of primary energy and the country should see an increasing trend in the use of Biomass for commercial use in indus- try and electricity genera- tion. Referring to the energy sector,Minister Seneviratne said that Sri Lanka had failed in several aspects in that sector and the country had been battered by a crisis in the electricity supply for the past ten years. By S. Venkat Narayan our special correspondent A meeting of the South Asian Association for Regional Cooperation (Saarc) Finance Ministers scheduled for April 14-15 in Islamabad has been postponed due to pre-occupation of Indian finance minister at home. A highly placed source in the Ministry of Foreign Affairs told The Daily Star Indian Finance Minister Palaniappan Chidambaram expressed his inability to attend the meeting due to Tamil Nadu Assembly polls on May 8. Elections are taking place in India’s five south- ern and eastern states — Tamil Nadu, Kerala, Pondicherry, West Bengal and Assam. The official on condition of anonymity said the Indian Finance Minister, who hails from Sivaganga in Tamil Nadu, will be busy in election campaigns and the nomination filing coincide with the Islamabad meet. The Saarc Finance Ministers’ meet in Islamabad on April 14-15 was due to finalise the modalities and mechanism for spending and con- tributing to different funds, including the South Asia Development Fund (SADF), Saarc Development Fund (SDF) and Saarc Poverty Alleviation Fund. Fresh date of the Saarc finance ministers’ meet will be announced later on. SAARC Finance Ministers meeting postponed National Energy Policy to be introduced President and CEO of Canon Singapore Pte Ltd., Kazuto Ogawa will be in Sri Lanka today. Canon, represented exclu- sively by the Metropolitan Group, is the market leader and the preferred choice amongst the local business community, offering a wide array of state-of-the-art products. Ogawa during his brief stay will address a media conference, as well as meet up with local business leaders, together with Metropolitan, who have arranged a series of activities to mark his visit to Sri Lanka. He will also partici- pate in the Dealer Convention, where the top dealers would be recognized. Ogawa’s visit would further enhance Canon’s commitment to the Sri Lanka market as well as to their business partner, Metropolitan who together would continue to introduce world renowned prod- ucts and services to the local business community. Canon President in Sri Lanka Kazuto Ogawa Minister W.D.J.Seneviratne. Pic by Nishan S. Priyantha. Continued on page 2 The LTTE insists that it would not leave via the BIA as its leaders were under threat. LTTE Political Wing leader S. P. Thamilchelvan yesterday said that they would boycott April 19-21 talks unless their request was met. This was conveyed to the visiting Norwegian Special envoy Jon Hanssen-Bauer on Wednesday. After meeting LTTE representatives, the Norwegian envoy acknowledged that he failed to secure a pledge that the group would participate in the second round of talks. Armed activities of the paramilitary groups have intensified following the first session of Geneva Talks contrary to the commitment made by the Government. President Mahinda Rajapakse can no longer pay lip service to CFA after the defeat of the extreme Sinhala hardline forces in the local elections in the South, Thamilchelvan told reporters in Kilinochchi after meeting Jon Hanssen- Bauer. Special Envoy Jon Hanssen-Bauer and the Norwegian Ambassador to Sri Lanka Hans Brattskar met Liberation Tigers Political Head in Kilinochchi Wednesday. “The meeting with the new Norwegian Special Envoy was cordial. We discussed the changes in the ground situation, spe- cially the intensified activities by the paramilitary groups violating the pledges made by Colombo in Geneva,” LTTE Poltitical Head told the reporters at LTTE Peace Secretariat. “Colombo can no longer cite the extremist forces in the South as an excuse for the difficulty in implementing commitments to the International Community and the facilita- tors.” The LTTE leadership would be forced to reconsider its decision to engage in direct talks if Colombo continued to adopt a duplicitous approach, said the LTTE Political Head. There is hardly any use in proceeding to the next stage before what was agreed and re-affirmed at the first session of talks is implemented, he further said. by S. Selvakumar ‘I was at no time given even an iota of an opportunity to peruse the list and my only role was to physically hand over the list to the Returning Officer’, Colombo District UNP Parliamentarian M. H. Mohamed has written to ‘The Island’ in reference to yester- day’s lead story under the head- line ‘Veteran Jumbos clash over CMC muddle’. Countering Colombo District Parliamentarian Mohamed Mahroof’s statement that a young and energetic person should be appointed as the Colombo district UNP leader M. H. Mohamed said that alone should not be the crite- ria but should include such crite- ria as political performance over a reasonable period of time, not engaging in unethical and deroga- tory acts which causes immeasur- able political damage to the party in not attempting to bribe persons to suppress the natural process of justice Confidants of Mahroof and Moragoda brought the tampered list of the UNP nominees for the Colombo Municipal elections to the residence of M. H. Mohamed at 11.30 a.m. when the list had to be handed over to the Returning Officer at 12 noon on the last day for acceptance of nominations.’ Mr. Mohamed said the alleged tampering of the approved list was unethical and derogatory and wished to remind Mahroof and the readers that a two-man com- mittee of inquiry has gone into all aspects of the matter and submit- ted its report to the UNP leader. Calling for another inquiry with a particular reference to the con- duct of Mohamed implies a hid- den agenda with regards to sup- pressing the findings of the initial inquiry’ Thus releasing the origi- nal inquiry report without tam- pering or delaying will resolve this matter once and for all’ Mr. Mohamed further states in his let- ter. Vol. 26 No.81 Thursday 6th April, 2006 Rs.15 - 28 Pages Registered in Sri Lanka as a Newspaper - Late City Edition Issued with ‘The Island’ today Willowy willow wielder Kashmir INDIA : A Kashmiri girl plays cricket in the capital Srinagar, 05 April 2006. Until recently, Kashmiri Muslims discouraged girls and women from indulging in such activ- ity in an Islamic environment. AFP Govt. wants co-chairs to ensure Tiger participation by Shamindra Ferdinando A prominent JVPer, wounded in a pre-poll attack in Anuradhapura, died at the Intensive Care Unit of the National Hospital on Tuesday evening. Bandula Marambe, a father of two, succumbed to his injuries, a party spokesman said. He urged police to arrest all attackers without further delay. The JVP accused SLFP supporters of carrying out the attack, the worst in a series in the run up to the March 30 local government polls. The JVP claimed attackers were supporters of North Central Province Chief Minister Berty Premalal Dissanayake, his son Duminda and provincial min- ister S. B. Semasinghe, a claim vehe- mently denied by them. The Anuradhapura JVP office said that three persons were taken into cus- tody in connection with the attack. “Attackers inflicted serious head injuries,” an Anuradhapura-based col- league of the victim said. The JVP raised this with President Mahinda Rajapakse at a hastily arranged meeting at the Presidential Secretariat on March 28. The Navy on Wednesday observed a cluster of Sea Tiger vessels off Mullaitivu. A senior military official said that Sea Tiger craft were engaged in train- ing. by Chitra Weerarathne The IGP Chandra Fernando and former DIG in charge of the CID Lionel Gunatillake, on Wednesday handed over Rs. 100,000/- (one lakh) each to the Registrar of the Supreme Court, to be paid as compensa- tion to President Mahinda Rajapakse for having violated his fundamental rights, by con- ducting an arbitrary unlawful investigation into the opera- tion of the Tsunami Relief funds, deposited in the ‘Helping Hambantota’ Bank Account.The Supreme Court, last March 2006, declared that the President’s fundamental rights had been violated by the IGP, the DIG of the CID, and UNP member of Parliament Kabeer Hasheem. The IGP, the DIG and Kabeer Hasheem were each ordered to pay Rs. 100,000/- personally, as compensation to the petitioner Rajapakse. The state was ordered to pay Rs. 200,000/- as costs. The petitioner President Rajapakse had complained to the Court, that the investiga- tion was arbitrary, illegal and politically biased and was aimed at tarnishing his politi- cal image, during the time he campaigned for the presidency in October, November 2005. Sea Tigers seen training UNP MP Mohamed Maharoof Monday denied his erstwhile colleague T. M. Sangadasa’s charge that he tried to bribe the Colombo Municipal Councillor. Referring to our news item ‘UNP Councillor claims party heavyweight tried to bribe him’ (page 2 of our March 31 issue), Maharoof said that the allegation was baseless. Sangadasa claimed that Maharoof sent him a cheque for Rs. 500,000 drawn on National Mercantile Bank (MERC Bank) dated March 24, 2006 after urging him not to target him through the national press. Sudath Perera Associates in a statement issued on behalf of Maharoof said, ‘Our client denies having tele- phoned Sangadasa and denies having had any con- versation with him. Our client denies having issued the cheque and specifically denies having put the cheque into Sangadasa’s letter box.’ Maharoof said that the date in the cheque was not written by him. ‘The cheque in question has been drawn on MERC Bank. It changed its name to DFCC Vardhana Bank in September 2003 and subsequently Maharoof closed his account,’ Sudath Perera Associates said, adding, ‘The cheque in ques- tion was issued in April 2003 but without a date on account of additional legal fees for attorney-at-law Iqbal Mohamed in respect of a FR application filed in Supreme Court. Continued on page 9 Top cops pay President Continued on page 9 The Island Thursday 6th April, 2006 She had such beautiful eyes... INSIDE PIV By Dasun Edirisinghe H owever big an ele- phant may be, orphaned it is in the same predicament as a biped. Perhaps, its plight is greater, given man’s cruelty to jumbos. But all is not lost for the unfortu- nate elephants that lose parents at a tender age either in accidents or at the hands of poachers or farmers. Ath Athuru Sevanahas come forward to look after the orphaned jumbos but with a difference. They are released to their natural habitat after they are able to be on their own. The project has been going on since 1995 as part of the Udawalawe National Park, which was created to help the elephants displaced by the Walawe Ganga Development Project in 1972. The latest batch of ele- phants was released last Sunday in Udawalawe. The Islandwas present on the occasion to witness the majestic beasts walk into freedom thanks to a group of caring humans who are humane to other beings. It was an emotional moment for the foster par- ents who had borne the expenses of looking after the jumbos and visited them many times before. It was a rather painful part- ing but there was no other way: the animals belong to the wilderness and will be happier there. Here are some pictures of what we saw at Athuru Sevenathe Wild Life Department, which deserves credit for No longer orphans JVPer wounded in pre-poll attack dies in ICU by Shamindra Ferdinando The government is likely to turn down the Tigers’ latest demand to resume direct flights between the LTTE-held Kilinochchi and overseas des- tinations. The government expects Norway to exert pressure on the LTTE to go ahead with the meeting. Ministerial sources said that peace co-chairs name- ly the US, EU, Japan and the facilitator Norway should ensure their participation. Norwegian heavyweight Erik Solheim at the end of the two-day meeting in Geneva in February declared that the parties to the February 2002 Cease-Fire Agreement would meet in April. Solheim is in Colombo with the Norwegian Special Envoy Jon Hanssen Bauer to finalise the arrange- ments for the forthcoming talks. The Norwegians are like- ly to discuss the issue with President Mahinda Rajapakse. Military officials said that senior LTTE representatives travelling to and from the BIA were always accompanied by members of the five-nation Nordic truce monitoring mis- sion. Continued on page 9 LTTE demands sea plane ride for 2nd round of talks Not given an iota of opportunity to peruse list - Mohamed Our Vavuniya corr. Dinasena Ratugamage reporting from K’nochchi The LTTE is demanding that its delegation to the next round of negotia- tions in Geneva should be allowed to leave Kilinochchi in a sea plane. Continued on page 9 Maharoof cheque mates Sangadasa Top lawyer contradicts Maharoof

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Thursday 6th April, 2006

Page

V

Page

II

Koizumi to be thirdlongest serving premier

Indian director hopes

to cast Paris Hilton as

Mother Teresa

By Tom Peterkin, Ireland

CorrespondentThe senior Sinn Fein official

who last year admitted being

a paid British spy for 20

years was found murdered yester-

day.

One of Denis Donaldson's

hands was reportedly cut off

before he was shot dead in a cot-

tage in Co Donegal.

Suspicion immediately fell on

republicans, who were outraged to

learn in

December that

Donaldson, the former head of

Sinn Fein's international depart-

ment, had been a traitor to the

Sinn Fein/IRA cause.

During the Troubles, it was

standard practice for the IRA to

shoot British agents. But it had

been assumed that since the ter-

rorist group's promise to embrace

peace last

year, treating

Donaldson, 56, in the same way

was politically unacceptable.

When Donaldson was exposed

as a spy , Sinn Fein assured him

that he would be safe. However,

individual republicans indicated

that he would no longer be wel-

come in Belfast.In a statement, the IRA denied

it was responsible.

Donaldson fled his family

home in the west Belfast estate of

Atnamona and last month he was

tracked down to a remote cottage

on the west coast of Donegal by the

Sunday World tabloid newspaper.

It was in his cottage, near the

village of Glenties, where he had

been living in squalor without elec-

tricity or running water, that his

body was found at 5pm. He was

killed less than 48 hours before

Tony Blair was due to arrive in

Ulster to announce the next phase

of the

peace

process and his

plans to resurrect

the Northern Ireland Assembly.

Gerry Adams, the Sinn Fein

president, quickly condemned the

killing and dissociated his party

from it. He passed his sympathies

to the Donaldson family.

The Sinn

Fein president

refused to speculate on who was

responsible.There were reports that the

Government believed that the

murder had been carried out to

destabilise the peace process.

Any suggestion that the killing

was carried out by republicans

will be highly damaging to the

peace process given the scepti-

cism with which

the Democratic

Unionist Party

and the Ulster Unionist Party

have treated the IRA's promise

to give up violence.

A sign of the republican

resentment against Donaldson

came last month when his son

Pearse Donaldson was vicious-

ly attacked in the home that he

used to share with his parents

in west Belfast.Nigel

Dodds,

the

Democratic Unionist Party MP

for North

Belfast, urged

unionists not to believe Mr

Adams's denials or to fix

blame on dissident republi-

cans.

"Unionists do not accept

divisions between good and

bad IRA terrorists," he said.

Bertie Ahern, the Irish

Prime Minister, confirmed the

shooting was a "brutal mur-

der" and Peter Hain, the

Northern Ireland Secretary,

described it as a "barbaric act".

(C) The Telegraph Group

London 2006

Britain's Sinn Fein spy found shot dead

Denis Donaldson

By Roger Highfield, Science EditorT he Government has been told that

it is now possible to assess how

much animals suffer from experi-

mentation, with initial research sug-

gesting that a significant number of

experiments cause little or no dis-

tress.A way to make animal experiments

more open and scientists more

accountable is described in a report

on a pilot study by the Laboratory

Animal Science Association and the

Animal Procedures Committee, which

advises the Home Office.

It showed that production of genet-

ically modified animals, which makes

up a significant proportion of the

experiments, involve minimum or no

suffering. But the committee stressed

that the survey was limited and it was

too early to draw broad conclusions.

The report recommends a "two-

grid" system in which scientists

record the maximum severity and its

duration, and the duration and severi-

ty of the remainder of the experiment.

(C) The Telegraph Group London 2006

(C) The Telegraph Group London 2006

NEW WAY TOASSESS ANIMALSUFFERING

Geneticallymodified animals

Sinn Fein

The Commercial Bank yesterday sold

nearly 4% of

its DFCC holding to an

unidentified foreign buyer believed to be

a fund manager, brokers and senior

banking sources confirmed.

A total of 2.2 million DFCC was done

at a high of Rs.230 and a low of Rs.225

with the share closing on the VWA at

Rs.229.25, a gain of Rs.6.50. CommBank

got the Rs. 230 price, brokers said.

“We acquired the shares a long time

ago and there is a sizeable capital gain

on the

transaction,’’a

senior

Commercial Bank official said but was

unable to immediately quantify what

this might be.With Commercial Bank owning over

13% of DFCC, yesterday’s sale reduces

its stake in a rival entity which has also

entered the commercial banking scene

through the DFCC Vardhana Bank.

CommBank and DFCC were at one

time considering

an arrangement

through which a single holding company

would control both banks via a share

swap arrangement but this was thwart-

ed by the Regulator.

DFCC too

holds a

slice of

CommBank, analysts noted.

Asked whether the stake sold yester-

day was up for grabs for a long time in

the market, the senior CommBank offi-

cial said “no.’’ But he said that the

ComBank was progressively strengthen-

ing its capital adequacy and this sale was

part of this strategy.

``Now that we no longer want an

alignment with the DFCC we decided to

sell off part of the shares partly because

liquidity was tight. We wanted to sell

when the market came up to the level we

were looking

at,’’another

senior

CommBank source said.

The bourse yesterday saw turnover

at Rs.966.6 million approach the billion

rupee mark, up from the previous day’s

Rs.712.8 million with both the All Share

and Milanka price indices moving up

fairly sharply. The All Share was up 22.42

points while the Milanka was up 25.93

points.Brokers said that some illiquid

shares like Carsons, Bukit Darah, CDIC

and Printcare helped to move the indices

up.

“There was also punting on one-

rupee stock, principally Royal Ceramics

and Asiri Medical Services,’’ a broker

said.

Royal Ceramics saw over 3.9 million

shares traded between Rs.3.30 and

Rs.3.60 and was up 30 cents on the VWA

to close at Rs.3.60 while Asiri Medical,

with nearly 4.3 million shares done

between Rs.3.10 and Rs.3.30 closed at

Rs.3.20 on the VWA gaining 10 cents.

There was movement in the one-

rupee shares of Ceylon Glass too with

over 1.6 million shares traded although

the counter closed flat at Rs.2.50 on the

VWA.

Dialog with 0.6 million shares done

closed flat at Rs.19.75 while SLT with

nearly 1.3 million shares traded gained

50 cents to close at Rs.18.75 on the VWA.

Deal signals raising capital adequacy cash

CommBank sells nearly 4% of

DFCC taking tidy capital gain

Thursday 06th April, 2006

www.island.lk

JICA to donate...J apan International Cooperation

Agency (JICA) has promised to

donate Rs.500 million, under a project

to establish Japan SriLanka Colleges

of Technology to strengthen technical

education and training (JSCOT).

Page 3

T he world’s local bank, HSBC,

issued its two hundred thou-

sandth credit card this week.

Reaching this target comes a midst

celebration for the bank, which con-

trols almost one-third of the credit

cards market. In addition, the bank

also controls over fifty per cent of the

total credit cards spend in the country.

Page 4

GSK assignes...

Today

Previous Days

HSBC issues...

Forex Asia, lead

TOKYO: The euro hit a new 10-week

high against the dollar in Asian

trade as the US unit also fell

sharply against the yen, with the

market betting on rising eurozone

interest rates, dealers said.

Comm

odities energy

oil Asia price

SINGAPORE: Oil prices were easier

in Asian trade as the market took

a breather after jumping to near 68

dollars a barrel and ahead of the

weekly US crude inventory report,

dealers said.Thailand vote economy

BANGKOK:Thai shares jumped

after Prime Minister Thaksin

Shinawatra stepped down, a move

praised by business leaders who

said an end to months of turmoil

will shore up investor confidence.

Thailand vote forex

SandPSINGAPORE: International credit

rating firm Standard and Poor’s

affirmed its foreign and local cur-

rency ratings for Thailand after

embattled Prime

Minister

Thaksin Shinawatra’s

sudden

announcement to resign.

SKorea banking crime

US company

SEOUL: South Korean auditors said

they have questioned former and

current government officials over

their role in the controversial sale

of a local bank to US fund Lone

Star, which is now seeking to cash

in on its investment.

SKorea IT US Qualcomm

company probe

SEOUL: The South Korean unit of

Qualcomm,a world leader in

mobile phone technology, has been

raided by fair trade regulators, the

California-based company said.

- AFP

By Don Asoka WijewardenaSri Lanka so far had no

specifically identified docu-

ment listing the energy sec-

tor policy,but the country has

been practising policies and

strategies that have brought

benefits to the economy,said

Power and Energy Minister

W.D.J.Seneviratne at a

Workshop on National

Energy Policy and Strategies

of Sri Lanka held at Ceylon

Continental Hotel on April 5.

Minister Seneviratne said

that Sri Lanka could be

happy that nearly 75 per cent

of the households now had

grid electricity and thou-

sands more were served by

off-grid networks and added

that as the country had reli-

able supply of petroleum

products,kerosene was pro-

vided at a highly sibsidised

price.

He said that Biomass had

retained its position as the

largest source of primary

energy and the country

should see an increasing

trend in the use of Biomass

for commercial use in indus-

try and electricity genera-

tion. Referring to the energy

sector,Minister Seneviratne

said that Sri Lanka had

failed in several aspects in

that sector and the country

had been battered by a crisis

in the electricity supply for

the past ten years.

By S. Venkat Narayan

our special correspondent

A meeting of the South Asian Association for

Regional Cooperation (Saarc) Finance Ministers

scheduled for April 14-15 in Islamabad has been

postponed due to pre-occupation of Indian finance

minister at home. A highly placed source in the Ministry of Foreign

Affairs told The Daily Star Indian Finance Minister

Palaniappan Chidambaram expressed his inability

to attend the meeting due to Tamil Nadu Assembly

polls on May 8. Elections are taking place in India’s five south-

ern and eastern states — Tamil Nadu, Kerala,

Pondicherry, West Bengal and Assam.

The official on condition of anonymity said the

Indian Finance Minister, who hails from Sivaganga

in Tamil Nadu, will be busy in election campaigns

and the nomination filing coincide with the

Islamabad meet. The Saarc Finance Ministers’ meet in

Islamabad on April 14-15 was due to finalise the

modalities and mechanism for spending and con-

tributing to different funds, including the South Asia

Development Fund (SADF), Saarc Development

Fund (SDF) and Saarc Poverty Alleviation Fund.

Fresh date of the Saarc finance ministers’ meet

will be announced later on.

SAARC Finance Ministers

meeting postponed

National Energy Policy to be introduced

President and CEO

of Canon Singapore

Pte Ltd., KazutoOgawa will be in Sri

Lanka today. Canon,

represented exclu-

sively by theMetropolitan Group, is

the market leader and

the preferred choice

amongst the local

business community,

offering a wide array

of state-of-the-art

products.Ogawa during his

brief stay will address

a media conference,

as well as meet up

with local business

leaders, together with

Metropolitan, who

have arranged a series

of activities to mark his

visit to Sri Lanka.

He will also partici-

pate in the Dealer

Convention, where the

top dealers would be

recognized.Ogawa’s visitwould further

enhance Canon’s

commitment to the Sri

Lanka market as well

as to their business

partner, Metropolitan

who together would

continue to introduce

world renowned prod-

ucts and services to

the local business

community.

Canon President in Sri Lanka

Kazuto Ogawa

Minister W.D.J.Seneviratne. Pic by

Nishan S. Priyantha.

Continued on page 2

The LTTE insists that it would not

leave via the BIA as its leaders were under

threat. LTTE Political Wing leader S. P.

Thamilchelvan yesterday said that they

would boycott April 19-21 talks unless

their request was met. This was conveyed

to the visiting Norwegian Special envoy

Jon Hanssen-Bauer on Wednesday.

After meeting LTTE representatives,

the Norwegian envoy acknowledged that

he failed to secure a pledge that the group

would participate in the second round of

talks.

Armed activities of the paramilitary

groups have intensified following the first

session of Geneva Talks contrary to the

commitment made by the Government.

President Mahinda Rajapakse can no

longer pay lip service to CFA after the

defeat of the extreme Sinhala hardline

forces in the local elections in the South,

Thamilchelvan told reporters in

Kilinochchi after meeting Jon Hanssen-

Bauer.

Special Envoy Jon Hanssen-Bauer and

the Norwegian Ambassador to Sri Lanka

Hans Brattskar met Liberation Tigers

Political Head in Kilinochchi Wednesday.

“The meeting with the new Norwegian

Special Envoy was cordial. We discussed

the changes in the ground situation, spe-

cially the intensified activities by the

paramilitary groups violating the pledges

made by Colombo in Geneva,” LTTE

Poltitical Head told the reporters at LTTE

Peace Secretariat. “Colombo can no

longer cite the extremist forces in the

South as an excuse for the difficulty in

implementing commitments to the

International Community and the facilita-

tors.”

The LTTE leadership would be forced

to reconsider its decision to engage in

direct talks if Colombo continued to adopt

a duplicitous approach, said the LTTE

Political Head.

There is hardly any use in proceeding

to the next stage before what was agreed

and re-affirmed at the first session of talks

is implemented, he further said.

by S. Selvakumar‘I was at no time given even an

iota of an opportunity to peruse

the list and my only role was to

physically hand over the list to the

Returning Officer’, Colombo

District UNP Parliamentarian M.

H. Mohamed has written to ‘The

Island’ in reference to yester-

day’s lead story under the head-

line ‘Veteran Jumbos clash over

CMC muddle’.

Countering Colombo District

Parliamentarian Mohamed

Mahroof ’s statement that a young

and energetic person should be

appointed as the Colombo district

UNP leader M. H. Mohamed said

that alone should not be the crite-

ria but should include such crite-

ria as political performance over

a reasonable period of time, not

engaging in unethical and deroga-

tory acts which causes immeasur-

able political damage to the party

in not attempting to bribe persons

to suppress the natural process of

justice

Confidants of Mahroof and

Moragoda brought the tampered

list of the UNP nominees for the

Colombo Municipal elections to

the residence of M. H. Mohamed

at 11.30 a.m. when the list had to

be handed over to the Returning

Officer at 12 noon on the last day

for acceptance of nominations.’

Mr. Mohamed said the alleged

tampering of the approved list

was unethical and derogatory and

wished to remind Mahroof and

the readers that a two-man com-

mittee of inquiry has gone into all

aspects of the matter and submit-

ted its report to the UNP leader.

Calling for another inquiry with a

particular reference to the con-

duct of Mohamed implies a hid-

den agenda with regards to sup-

pressing the findings of the initial

inquiry’ Thus releasing the origi-

nal inquiry report without tam-

pering or delaying will resolve

this matter once and for all’ Mr.

Mohamed further states in his let-

ter.

Vol. 26 No.81 Thursday 6th April, 2006 Rs.15 - 28 Pages Registered in Sri Lanka as a Newspaper - Late City Edition

Issued with ‘The Island’ today

Willowy willow wielder

Kashmir INDIA : A Kashmiri girl plays cricket in the capital Srinagar, 05 April 2006. Untilrecently, Kashmiri Muslims discouraged girls and women from indulging in such activ-ity in an Islamic environment. AFP

Govt. wants co-chairs toensure Tiger participation

by Shamindra FerdinandoA prominent JVPer, wounded in a

pre-poll attack in Anuradhapura, died

at the Intensive Care Unit of the

National Hospital on Tuesday evening.

Bandula Marambe, a father of two,

succumbed to his injuries, a party

spokesman said. He urged police to

arrest all attackers without further

delay.

The JVP accused SLFP supporters

of carrying out the attack, the worst in

a series in the run up to the March 30

local government polls. The JVP

claimed attackers were supporters of

North Central Province Chief

Minister Berty Premalal Dissanayake,

his son Duminda and provincial min-

ister S. B. Semasinghe, a claim vehe-

mently denied by them.

The Anuradhapura JVP office said

that three persons were taken into cus-

tody in connection with the attack.

“Attackers inflicted serious head

injuries,” an Anuradhapura-based col-

league of the victim said.

The JVP raised this with President

Mahinda Rajapakse at a hastily

arranged meeting at the Presidential

Secretariat on March 28.

The Navy on Wednesday observed a

cluster of Sea Tiger vessels off

Mullaitivu.

A senior military official said that

Sea Tiger craft were engaged in train-

ing.

by Chitra WeerarathneThe IGP Chandra Fernando

and former DIG in charge of

the CID Lionel Gunatillake, on

Wednesday handed over Rs.

100,000/- (one lakh) each to the

Registrar of the Supreme

Court, to be paid as compensa-

tion to President Mahinda

Rajapakse for having violated

his fundamental rights, by con-

ducting an arbitrary unlawful

investigation into the opera-

tion of the Tsunami Relief

funds, deposited in the

‘Helping Hambantota’ Bank

Account.The Supreme Court,

last March 2006, declared that

the President’s fundamental

rights had been violated by the

IGP, the DIG of the CID, and

UNP member of Parliament

Kabeer Hasheem.

The IGP, the DIG and Kabeer

Hasheem were each ordered to

pay Rs. 100,000/- personally, as

compensation to the petitioner

Rajapakse. The state was

ordered to pay Rs. 200,000/- as

costs.

The petitioner President

Rajapakse had complained to

the Court, that the investiga-

tion was arbitrary, illegal and

politically biased and was

aimed at tarnishing his politi-

cal image, during the time he

campaigned for the presidency

in October, November 2005.

Sea Tigers seentraining

UNP MP MohamedMaharoof Monday denied hiserstwhile colleague T. M.Sangadasa’s charge that hetried to bribe the ColomboMunicipal Councillor.

Referring to our news item‘UNP Councillor claims partyheavyweight tried to bribe him’(page 2 of our March 31issue), Maharoof said that theallegation was baseless.Sangadasa claimed thatMaharoof sent him a chequefor Rs. 500,000 drawn onNational Mercantile Bank(MERC Bank) dated March24, 2006 after urging him notto target him through thenational press.

Sudath Perera Associatesin a statement issued onbehalf of Maharoof said, ‘Ourclient denies having tele-phoned Sangadasa anddenies having had any con-versation with him. Our clientdenies having issued thecheque and specificallydenies having put the chequeinto Sangadasa’s letter box.’

Maharoof said that thedate in the cheque was notwritten by him. ‘The cheque inquestion has been drawn onMERC Bank. It changed itsname to DFCC VardhanaBank in September 2003 andsubsequently Maharoofclosed his account,’ SudathPerera Associates said,adding, ‘The cheque in ques-tion was issued in April 2003but without a date on accountof additional legal fees forattorney-at-law IqbalMohamed in respect of a FRapplication filed in SupremeCourt.

Continued on page 9

Top cops pay President

Continued on page 9

The Island

Thursday 6th April, 2006

She had suchbeautiful eyes...

INSIDE

PIV

By Dasun EdirisingheH owever big an ele-

phant may be,

orphaned it is in

the same predicament as a

biped. Perhaps, its plight

is greater, given man’s

cruelty to jumbos. But all

is not lost for the unfortu-

nate elephants that lose

parents at a tender age

either in accidents or at

the hands of poachers orfarmers.

Ath Athuru Sevanahas

come forward to look after

the orphaned jumbos but

with a difference. They are

released to their natural

habitat after they are able

to be on their own. The

project has been going on

since 1995 as part of the

Udawalawe National Park,

which was created to help

the elephants displaced by

the Walawe Ganga

Development Project in1972.

The latest batch of ele-

phants was released last

Sunday in Udawalawe. The

Islandwas present on the

occasion to witness the

majestic beasts walk into

freedom thanks to a group

of caring humans who are

humane to other beings.

It was an emotional

moment for the foster par-

ents who had borne the

expenses of looking after

the jumbos and visited

them many times before. It

was a rather painful part-

ing but there was no other

way: the animals belong to

the wilderness and will be

happier there.

Here are some pictures

of what we saw at Ath

Athuru Sevenacourtesy

the Wild Life Department,

which deserves credit for

its dedicated service to a

mammoth species threat-

ened with extinction.

(Please see Leisureland

on Saturday (08) for the

full story with more pic-tures).

No longer orphans

Picture by Nishan S. PriyanthaJVPer woundedin pre-poll attackdies in ICU

by Shamindra FerdinandoThe government is likely

to turn down the Tigers’ latest

demand to resume direct

flights between the LTTE-held

Kilinochchi and overseas des-

tinations.

The government expects

Norway to exert pressure on

the LTTE to go ahead with the

meeting. Ministerial sources

said that peace co-chairs name-

ly the US, EU, Japan and the

facilitator Norway should

ensure their participation.

Norwegian heavyweight

Erik Solheim at the end of the

two-day meeting in Geneva in

February declared that the

parties to the February 2002

Cease-Fire Agreement would

meet in April. Solheim is in

Colombo with the Norwegian

Special Envoy Jon Hanssen

Bauer to finalise the arrange-

ments for the forthcoming

talks. The Norwegians are like-

ly to discuss the issue with

President Mahinda Rajapakse.

Military officials said that

senior LTTE representatives

travelling to and from the BIA

were always accompanied by

members of the five-nation

Nordic truce monitoring mis-

sion.

Continued on page 9

LTTE demands sea planeride for 2nd round of talks

Not given an iota of opportunity to peruse list - Mohamed

Our Vavuniya corr. Dinasena Ratugamage reporting from K’nochchiThe LTTE is demanding that its delegation to the next round of negotia-

tions in Geneva should be allowed to leave Kilinochchi in a sea plane.

Continued on page 9

Maharoofcheque matesSangadasaTop lawyer contradictsMaharoof