Sri Lanka faces tough call on interest rates in face of rising inflation
November 13, 2006 (LBO) - Sri Lanka faces a tough call on interest rates on Tuesday as it balances the need to keep inflation in check and ensure …
All News
Saudi posted 58-billion-dollar budget surplus in 2005
RIYADH, Nov 13, 2006 (AFP) - Oil powerhouse Saudi Arabia posted a record budget surplus of 58 billion dollars in 2005 on the back of surging crude …
Fitch affirms HDFC Home Loan Securitisation Trust at ‘AA-(lka)’
November 13, 2006 (LBO) - HDFC Bank, Sri Lanka’s largest housing bank, retained its ‘AA-(lka)’ rating for their home loan …
UN slams deadly Sri Lankan army artillery shelling
UNITED NATIONS, Nov 9, 2006 (AFP) - UN relief coordinator Jan Egeland on Thursday slammed an indiscriminate artillery bombardment by the Sri Lankan …
Sea battles in Sri Lanka, government under fire over killings
Nov 10, 2006 (AFP) - Tamil rebels and Sri Lanka's navy fought a fierce sea battle Friday amid mounting international condemnation over heavy civilian …
Sri Lanka ’07 budget may lift taxes, foreign borrowing
November 10, 2006 (Dow Jones)--The Sri Lankan government is likely to lift taxes and increase foreign borrowing in its 2007 budget in a bid to meet …
Tamil MP killed amid heavy Sri Lanka fighting
Nov 10, 2006 (AFP) - Gunmen assassinated a pro-rebel Tamil MP in the capital Colombo Friday as Sri Lanka's warring parties fought fresh battles and …
The Drift
SAN FRANCISCO, Nov 9, 2006 (AFP) - A Helio mobile telephone service launched in the United States on Thursday lets users track friends and plot …
Dialling Up
November 10, 2006 (LBO) – Telecom operator Suntel, a unit of Sweden’s Overseas Telecom AB, plans to spend 3.5 billion rupees next year to …
Sri Lanka reports 12% drop in tourist in Oct; lowest monthly decline since Dec. ˜05
November 10, 2006 (LBO) – Holidaymakers to Sri Lanka fell 12.0 percent for the 12 months to October, the Sri Lanka Tourist Board said Friday, …
Microcredit summit vies to drum up business for world’s poorest
WASHINGTON, Nov 10, 2006 (AFP) - What do Bill Gates, Queen Sofia of Spain, Nobel Peace Prize winner Muhammad Yunus and billionaire philanthropist …
Asia on brink of diabetes disaster, experts warn
PARIS, Nov 10, 2006 (AFP) - Health services across Asia could crash in the face of a worsening epidemic of obesity-led diabetes, experts warn. The …
Robust Growth
November 10, 2006 (LBO) – Commercial Bank of Ceylon, one of Sri Lanka’s most profitable commercial banks, Friday posted a 40 percent …
Australia’s costly fees drive foreign students into sex work: study
SYDNEY, Nov 10, 2006 (AFP) - The crippling cost of studying in Australia is forcing foreign students to take up risky sex work to make ends meet, a …
Sri Lankan markets jittery as bullets fly ahead of next week’s budget
November 10, 2006 (LBO) – Sri Lankan share prices are breaking records amidst flying bullets, but financial markets are uneasy that the …
Flying Cheap
SINGAPORE, Nov 10, 2006 (AFP) - Costs, not competition, worry Tony Fernandes of AirAsia Bhd, who said Friday he foresees continued expansion for the …
American in Nepal moves from royal consort to peace campaigner
November 9, 2006 (AFP) - Barbara Adams has been witness to huge change in Nepal during the 45 years she has lived in the Himalayan country. Well …
Zimbabwe watchdog to enforce price controls
HARARE, Nov 9, 2006 (AFP) - The Zimbabwean government is to establish an official commission to monitor prices and incomes in the latest attempt to …
Losing Weight
Nov 09, 2006 (LBO) – Despite scores of raids, arrests and legal penalties over the years, Sri Lankan authorities say many shopkeepers and other …
Start Small
November 9, 2006 (LBO) – Most local small and medium enterprises lack support services like marketing and technical skills rather than access …
Sri Lankan government under fire over refugee carnage
Nov 9, 2006 (AFP) - Sri Lanka's government came under international criticism Thursday after killing 65 refugees and wounding hundreds of others in …
Safe Haven
Nov 09 (LBO) – Sri Lanka stands the risk of getting too complacent about its low prevalence of AIDS, researchers say and should strengthen …
Rational Decision
November 09 (LBO) - The Central Bank of Sri Lanka has responded to a weekend news report in the continuing controversy over the sudden closure of a …
Sri Lankan government voices ‘regret’ over refugee killings
Nov 9, 2006 (AFP) - Sri Lanka's government Thursday expressed "regret" over the killing of some 65 civilians in an artillery blitz on the rebel-held …