Tamil man selfimmolates

The Swiss media reported that he was still alive at the time but succumbed to his injuries at a hospital in Geneva. A Tamil man has succumbed to his injuries after he self-immolated himself outside the UN office in Geneva yesterday, the Swiss media reported.The police found the man lying on the pavement with his body almost completely burned and a container of gasoline in his hand. The police found the body near the picture of a soldier with symbols of the LTTE. Meanwhile the TamilNet website identified the victim as 35-year-old Senthilkumaran Ratnasingam. The website said that Senthilkumaran, a father of three, was living at Sion city in the canton of Wallis.He used to participate in demonstrations and protests since 2001. (Colombo Gazette)

Maldives boosts border security after Sri Lanka attacks

He told RaajjeMV that they are monitoring the situation in Sri Lanka following a series of bomb blasts last week, including closely examining the visas of those entering the Maldives. It is working with both local and international agencies.Maldives National Defence Force (MNDF) said that the attacks in the neighboring country posed no threat to Maldives, and that enhancing border control “is a preventive measure.” Last week, the Immigration denied reports that the individual that orchestrated Lanka’s terror attack had traveled to Maldives recently. Noting that this is “unsubstantiated and incorrect,” Immigration urged all to verify before circulating information that could lead to public confusion and disruption. Following the terror attack that killed over 250 people in Sri Lanka on April 21, Immigration announced the decision to strengthen Maldives’ border security measures. The Maldives has increased its border security following the bomb attacks in Sri Lanka.Maldives Immigration’s top priority right now is the country’s security, says Controller Mohamed Ahmed Hussain. read more

Transat says lower loonie offset gains by Canadians escape from winter cold

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Jean-Marc Eustache, president and CEO of Transat A.T. Inc., is pictured, March 11, 2009 in Montreal. THE CANADIAN PRESS/Paul Chiasson Transat says lower loonie offset gains by Canadians’ escape from winter cold MONTREAL – Transat A.T. says the lower loonie is offsetting any financial gains that may have come from more Canadians flying south to escape this winter’s particularly harsh weather.The Quebec-based airline and package tour operator said the sharp currency change in December and January accelerated its losses in the first quarter and will linger through the rest of the winter, a key part of its fiscal year.Transat (TSX:TRZ.B) lost $25.6 million or 67 cents per share in the three months ended Jan. 31, compared with a net loss of $15.1 million or 39 cents in the same year-earlier period.Revenues increased 5.1 per cent to $847.2, compared with $805.7 million a year earlier.Excluding one-time items, Transat lost $23.3 million or 60 cents per share in the quarter, compared with a loss of $21.6 million or 56 cents per share a year earlier. Analysts had on average expected adjusted losses would be 45 cents per share.After the results were announced, Transat’s shares plunged to as low $8.02 before recovering somewhat, closing down $1.91 or 17.35 per cent, at $9.10 Thursday on the Toronto Stock Exchange. Volume was very heavy at more than 749,000 shares, compared with a daily average of less than 164,000.Transat said the weaker dollar increased operating expenses by 2.7 per cent or $14 million, mainly for hotel and fuel costs that are largely paid for in U.S. dollars.“We would have cut the losses by half” without the currency hit, CEO Jean-Marc Eustache said Thursday.Meanwhile, Transat said it also expects its second-quarter results to be weaker than last year, despite the imposition Jan. 27 of a $35 currency surcharge on holiday packages that could generate $10.5 million in revenue over the winter.If the currency remains at its current value, the company expects costs would increase 3.7 per cent and reach $40 million for the winter period, although the impact on profits should be mitigated by higher fares, as was the case in the first quarter.Eustache said the surcharge has had no impact on consumer demand, especially as people seek to head to sun destinations.“It’s clear that the colder it is and the more it snows…the more people want to leave,” he told reporters after the company’s annual meeting in which former Quebec finance minister Raymond Bachand was elected to the board.“The worse the winter is the happier I am,” said Eustache, who joked he prayed hard for snow.The surcharge will continue through the summer on sun packages and fares purchased without hotels to Florida. However, the surcharge won’t apply to Europe.David Tyerman of Canaccord Genuity said Transat continues to perform well below potential.“The company should not continue to lose significant money in the winter for the long term,” he wrote in a report which said the potential for a turnaround was “very significant.”“However, the probability and timing of such recovery remain unclear at this point.”The analyst said the impact of Air Canada Rouge’s 15 per cent increase in capacity on leisure transatlantic routes this summer is unclear, although early data suggests the downside may not be significant.Eustache said he sees little impact as fares are up five per cent.During the quarter, North American operations lost $25 million despite a 4.6 per cent increase in revenues. The European segment lost $8.6 million on a 8.7 per cent rise in revenues.Despite the weaker results, Benoit Poirier of Desjardins Capital Markets said higher average selling prices in most markets and a positive outlook for the summer is positive despite the weaker loonie.“We like management’s disciplined approach to achieving superior margins by focusing on capacity management and higher selling prices,” he wrote in a report.Transat A.T., with about 6,500 employees, is an integrated international tour operator offering packaged holidays to more than 60 countries, although it operates mainly in Europe, the Caribbean, Mexico and the Mediterranean Basin. It also operates Air Transat.Follow @RossMarowits on TwitterNote to readers: This is a corrected story. A previous version said the currency surcharge this summer won’t apply to flights purchased without hotels. by Ross Marowits, The Canadian Press Posted Mar 13, 2014 6:35 am MDT read more