Tuesday, October 27, 2009

Colombo stocks close lower in broad sell-off

Sri Lankan stocks close lower in broad sell-off

Oct 27, 2009 (LBO) - Sri Lanka stocks closed lower for a second day Tuesday, falling 0.9 percent in a broad sell-off that saw while buyers were awaiting earnings reports, brokers said.
The All Share Index closed at 2,989.05 points down 34.9 points while the Milanka Index of more liquid stocks closed down 1.19 percent (21.7 points) at 3,378 points according to provisional Colombo Stock Exchange data.
Brokers said stocks could be expected to react to earnings in the near term, with the third quarter reporting season just starting, and investors paying more attention to fundamentals following an extended rally that saw the market double so far this year.
Aitken Spence Hotel Holdings closed at 227.0 rupees, down 7.75, Carson Cumberbatch closed at 345.0 down 5.00, Asiri Surgical at 11.00 down 0.50 and Bogala Graphite at 18.50 down 0.75.
In banking, Commercial Bank closed ay 180.0 rupees down 1.25, HNB 167.75 down 1.25, DFCC 149.0 down 1.50 and NDB 185.00 down 2.75.
Dialog Telekom closed flat at 7.25 rupees and Sri Lanka Telecom at 44.00 down 1.00.
Diversified John Keells Holdings closed at 141.50 rupees down 2.50 and Distilleries closed flat at 99.00, Chevron Lubricants closed flat at 182.0.
Colombo Dockyard was down 1.50, closing at 117.25. -->

Kashmiris observe Black Day

Kashmiris observe Black Day


Kashmiris on both sides of the Line of Control and all across the world are observing Black Day, today, to convey to the international community that they reject India’s illegal occupation of their soil. According to Kashmir Media Service,call for the observance has been given by the All Parties Hurriyet Conference and senior Kashmiri Hurriyet leader, Syed Ali Gilani.
It was on October 27 in 1947 when Indian troops invaded Kashmir in clear violation of the partition plan of the Sub continent and the Kashmiris’ aspirations.Senior APHC leader, Agha Syed Hassan Al Moosvi addressing a party meeting in Badgam urged India to shun its intransigence and take steps towards resolving the Kashmir dispute, once and for all.People took to the streets in Habba Kadal, Maisuma and Gaw Kadal in Srinagar against subjecting peaceful protesters in the city to brute force by the troops, yesterday. Several demonstrators were injured and the condition of one of them was stated to be critical.Demonstrations continued in Handwara against the killing of a 12th class student by Indian troops


Kashmir Black day


M. Raza Malik

Kashmiris on both sides of the Line of Control and across the globe observe October 27 as Black Day and consider it as the blackest day in their history. This is the Day when India landed its army in Jammu and Kashmir, in total disregard to the Indian Independence Act and Partition Plan of 1947. In order to change the demographic composition of the territory, Indian troops, the forces of Dogra Maharaja Hari Singh, and Hindu extremists massacred over three hundred thousand Kashmiri Muslims within a period of only two months.

The Indian Independence Act and Partition Plan of 1947 had stated that the Indian British Colony would be divided into two sovereign states, India, with Hindu-majority areas, and Pakistan, with Muslim-majority areas of Western provinces and east Bengal.

India by landing its Army in Jammu and Kashmir, violated the guidelines set for deciding the future of Hyderabad, Junagarh and Kashmir, three of the independent Princely States at that time, which were given the choice either to accede to Pakistan or India, considering the geographical situation and communal demography. It forcibly occupied Hyderabad and Junagarh, which had Hindus in majority but their rulers were Muslims. Kashmir was a Muslim-majority state and had a natural tendency to accede to Pakistan, but its Hindu ruler destroyed the future of Kashmiri people by announcing its accession to India under a controversial accession document (Instrument of Accession). Many neutral observers deny the existence of such document with the argument that had it existed, Indian government would have made it public either officially or at any international forum.

It is a historical fact that if the partition was done on the principles of Justice, then India had no land route to enter into Jammu and Kashmir but the so-called Boundary Commission, headed by British Barrister, Cyril Radcliff, that demarcated partition line, under a conspiracy split Gurdaspur, a Muslim majority area, and handed it over to India, providing it land access to the territory.

Right from the day one, people of Kashmir did not accept India’s illegal occupation and started an armed struggle in 1948, which forced India to approach the UN Security Council to seek its help to settle the dispute. The UN Security Council approved a ceasefire, demarcation of the ceasefire line, demilitarization of the state and a free and impartial plebiscite to be conducted under the supervision of th
e World Body. Although the ceasefire and demarcation of the ceasefire line was implemented while demilitarization of the occupied territory and a free and impartial plebiscite under UN supervision remains unimplemented till date. As a result of the demarcation, about 139,000 square kilometers area of Jammu and Kashmir remained with India while 83,807 square kilometers constituted the territory of Azad Jammu and Kashmir.

Indian rulers promised before the UN to resolve the dispute and provide the people of Kashmir with their basic right of self-determination, but later backed away from their commitments. India has been putting peace, security and stability of the entire South Asia at stake by demonstrating continued rigidity and stubbornness and not responding positively to the efforts made by the international community to settle the Kashmir dispute since last six decades.

Disappointed at the failure of all the efforts aimed at resolving Kashmir dispute through peaceful means, the people of occupied Kashmir launched a massive uprising in 1989 to secure their right to self-determination. This movement gathered momentum with the passage of time and pushed the Indian authorities to wall, forcing them to sit around the negotiation table with Pakistan in January 2004. The talks process continued till it was hampered after Mumbai attacks on November 26, 2008, when India without any substantive evidence laid the responsibility of these attacks on Pakistan and its intelligence agencies.

It is worth mentioning that Pakistan demonstrated considerable flexibility in the dialogue process by floating various proposals including demilitarization, self-governance and joint-management to settle the conflict over Kashmir, but India’s intransigent approach continued to remain the biggest hurdle in making successful any effort made in this regard. The ground situation in the occupied territory remains unchanged, as the confidence building measures and the dialogue process could not provide Kashmiri people respite from the Indian state terrorism.

India has exhausted all its resources and means but has not been able to deter Kashmiris from continuing their liberation struggle. It has given a free hand to its troops and police to subject peaceful protesters to brute force. Over 70 people were killed only within a period of two months in 2008 when Indian police personnel resorted to indiscriminate firing to break up demonstrators in Kashmir. The Chairman of All Parties Hurriyet Conference, Mirwaiz Umer Farooq was placed under house arrest for two months to prevent him from addressing public gatherings. Liberation leaders including Syed Ali Gilani, Shabbir Ahmed Shah, Aasiya Andrabi, Nayeem Ahmed Khan, Muhammad Ashraf Sehrai, Masarat Alam Butt and Muhammad Saleem Nunnaji have been booked under the infamous draconian law, Public Safety Act to keep them away from the people. The troops have been setting new records of human rights violations by killing innocent people, arresting youth, disgracing and harassing women and setting residential houses afire with impunity.

The troops have killed over ninety-two thousand Kashmiris, widowed more than twenty five thousand women, orphaned more than one hundred thousand children and molested or gang-raped around ten thousand Kashmiri women during the past 20 years. The whereabouts of thousands of innocent Kashmiris, disappeared in the custody of troops, are yet to be made known while hundreds of unnamed graves have been discovered in the occupied territory, which are believed to be of disappeared Kashmiris. This whole mayhem is being carried out with the protection of draconian laws, by virtue of which any person can be killed or put behind the bars without any accountability.

The Amnesty International, Human Rights Watch, Asia Watch and other international humanitarian organizations in their regular reports have been raising their concern over human rights violations in IOK. Even the European Union Parliament during its session in Strasbourg on July 10, 2008 unanimously passed a resolution calling upon the Indian Government to urgently conduct an independent and impartial probe into the issue of discovery of mass graves in the territory. It also strongly condemned unlawful killings, enforced disappearances, torture, rape and other human rights abuses, which have been taking place at the hands of the occupation troops in Jammu and Kashmir since 1989.

It was yet another exposition of India’s callousness that the Prime Minister, Manmohan Singh on India’s Independence Day, this year, tried to hoodwink the international community by stating that the elections in Kashmir had rendered the freedom element irrelevant. The mammoth anti-India protest demonstrations, participated by millions of people in Indian occupied Kashmir, last year, should be taken as Kashmiris’ referendum against the Indian illegal occupation of their soil.

These are the reasons which force Kashmiris to observe October 27 as Black Day. The observance is intended to send a loud and clear message to the international community to take cognizance of the miseries of Kashmiri people, help stop human rights violations in the occupied territory and play its role in bringing about a solution of the Kashmir dispute in accordance with Kashmiris’ aspirations. It is also aimed at calling upon India to read writing on the wall, accept the ground realities and come forward with a realistic approach to settle the dispute for the larger interest of the people of the region.

Read Pakistan news paper article (Pakistan daily)

Terror group leader arrested in NWFP


Acording to GEO TV repot The chief of the group involved in Hyatabad and Sukarno chowk bombings has been arrested.IG NWFP Malik Naveed while talking to media said the leader of the group involved in Hyatabad and Sukarno chowk. He said no severe reaction of terrorists has been emerged due to better strategy of police. Malik Naveed said red alert security has been imposed in the province and hundreds of militants and commanders have been arres.

US welcomes Sri Lankan probe on US human rights report

US welcomes Sri Lankan probe on US human rights report

The United States (US) has welcomed reports that Sri Lanka plans to set up an investigative commission to probe a US report on allegations of human rights abuses in Sri Lanka. The government had said it will probe the report submitted by the US State Department to the US Congress.

Sri lankan Business deligation visits Jeddah

Sri Lankan Business Delegation visits Jeddah

A twenty eight member Sri Lankan business delegation headed by the Sri Lankan Export Development Board embarked on a 3 day visit to Jeddah on 24.10.2009, organized by the Consulate General of Sri Lanka in Jeddah.

The Business delegation from various sectors will explore the market potentials for further enhancing the export of Sri Lankan products in the Kingdom of Saudi Arabia.
The group will visit the Jeddah Chamber of Commerce and Industry and arrangements have been made to meet Jeddah based reputed Business community at Chamber of Commerce premises.

They will also visit leading Supermarket chains such as Bin Dawood and Hyper Panda in addition to other reputed companies in Jeddah in order to establish business relationships.

The Consulate General has made arrangements for the delegation to meet Jeddah based Sri Lankans from commercial organizations at the Consulate and to hold discussions with a view to obtain their assistance in trade related matters.

This is the first time a Sri Lankan business delegation comprising of such a large number of participants is visiting Jeddah. It is expected that the visit will help to increase trade opportunities for Sri Lankan products in Saudi Arabia. The Delegation will then proceed to Riyadh on 27th October.

It is noteworthy to mention that the visit has been organized by Consulate General based on the directives given by Hon. Rohitha Bogollagama, Minister of Foreign Affairs at the Conference for Heads of Missions of Middle Eastern countries which was held in Dubai last year.

President to appoint committee to study

President to appoint committee to study

President Mahinda Rajapaksa has decided to appoint an expert committee within one week to verify the facts behind the allegations against the Sri Lanka Government in the report submitted by the US State Department to the US Congress on incidents during the recent conflict in Sri Lanka, Human Rights and Disaster Management Minister Mahinda Samarasinghe said.
The Government stance on the report will be announced after the report was made by the committee appointed by the President, he added.
He was addressing a media conference held at the Presidential Secretariat yesterday to explain the new situation following the submission of the said report.
Minister Samarasinghe said that the third paragraph of the report itself highlights that the facts included in the report are without any legal value and cannot be proved. They are not in a position to prove the allegation contained in the report. more:

Russia assures support for Sri lanka

Russia assures support for Sri Lanka

The Minister of Foreign Affairs of the Russian Federation, Sergey V. Lavrov met Sri Lanka President Mahinda Rajapaksa this evening at the President's House in Colombo.
Following the meeting the Russian Foreign Minister with his Sri Lankan counterpart, Minister Rohitha Bogollagama signed a bilateral agreement between the two countries on cooperation to suppress illicit traffic in, and abuse of, narcotic drugs and psychotropic substances.
The Russian Foreign Minister is expected to meet with the Sri Lanka - Russia Business Council and deliver an address at the BMICH this evening.
Sri Lanka's Ambassador in Russia Mr. Udayanga Weeratunga was also present at the meeting.