Estate worker unions expect quick close to wage talks; tea production hits new highs
Nov 02 (LBO) - Sri Lanka posted record tea production in September, as estate worker trade unions thrash out a wage increase for over 250,000 …
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Fitch rates Seylan Bank’s debt; says bank needs fresh capital, tight risk management
November 2, 2006 (LBO) - Fitch Ratings Lanka has given a ‘BBB+(lka)’ rating for Seyl Bank’s upcoming five year unsecured …
Central Bank explains recent policy measures to Sri Lanka’s financial community
November 02, 2006 (LBO) - Sri Lanka’s central bank met senior executives of the country’s financial community this week, in a bid to …
Bigger Load
Nov 01 (LBO) – SriLankan Airlines said Thursday that it would launch a regional charter service carrying cargo to South Asia, even reaching …
Indian interest for Sri Lanka’s sovereign bonds; Central Bank
November 01, 2006 (LBO) - Sri Lanka Wednesday, threw open the government bond market for overseas investors to buy rupee-denominated sovereign debt …
Sri Lanka’s military accuses Tiger rebels of breaching truce
Nov 1, 2006 (AFP) - Sri Lanka's military Wednesday accused Tamil Tiger rebels of carrying out artillery and mortar attacks against government lines …
Short Changed
Nov 01 (LBO) – Sri Lanka™s consumer watchdog is stepping up raids in shops and supermarkets to weed our creative pricing and other offences, …
HSBC to raise US$ 100 mn syndication loan for Sri Lanka’s Bank of Ceylon
November 01, 2006 (LBO) - Global banking giant HSBC is in the process of finalizing a 100 million dollar syndicated loan for Sri Lanka’s Bank …
Bordeaux winemakers downplay impact of rise in fakes
BORDEAUX, France, Nov 1, 2006 (AFP) - Winemakers in France's prime Bordeaux wine region have shrugged off warnings by experts over a rise in …
Pirates’ Play
KUALA LUMPUR, Nov 1, 2006 (AFP) - Piracy declined globally this year, but Chittagong in Bangladesh was now the world's most dangerous port, with a …
Steady Growth
November 1, 2006 (LBO) – Sri Lanka Telecom, the island’s biggest telephone company, Wednesday reported a third quarter profit gain of 42 …
Egypt trembles as cheap Chinese pharaohs rule the souk
CAIRO, Nov 1, 2006 (AFP) - Figurines of King Tut, Ramses and Queen Nefertiti in Cairo's famous Khan Khalili bazaar all bear the hallmarks of …
Post Office Banking
Nov 1, 2006 (LBO) – Banking giant HSBC tied up with Sri Lanka’s General Post Office on Wednesday to widen customer access to general …
Unplugged
TOKYO, Nov 1, 2006 (AFP) - Times have changed since Nobutoshi Kihara sketched out designs for the revolutionary Walkman on a piece of paper. online …
Trade unions create ITUC: world labour front against globalisation
VIENNA, Nov 1, 2006 (AFP) - Trade unions from around the world set up a new labour giant, the International Trade Union Confederation (ITUC), here on …
Sri Lanka says Tigers must stop violence
Oct 31, 2006 (AFP) - Sri Lanka's government said Tuesday that it was only willing to open a crucial highway linking the northern Jaffna peninusla and …
Troops and rebels killed in north and east Sri Lanka clashes
Oct 31, 2006 (AFP) - At least five people were reported killed and six others injured in separate clashes Tuesday between Tamil rebels and government …
Sri Lankan rupee gets closer to another record low
October 31, 2006 (LBO) - The Sri Lankan rupee sank further against the U.S. dollar Tuesday on sustained import demand, while share prices stayed in …
Sri Lanka Cricketers’ Association announces new awards
Oct 31, 2006 (AFP) - The Sri Lanka Cricketers' Association (SLCA) on Tuesday announced an awards scheme for the country's leading domestic and …
India central bank warns of overheating economy
MUMBAI, Oct 31, 2006 (AFP) - India's central bank warned Tuesday of overheating in one of the world's fastest growing economies as it juggled …
Aviation Debut
Oct 31, 2006 (LBO) – Sri Lanka plans to throw open the aviation corridor along the southern and eastern coast of the island for commercial …
Sri Lanka’s inflation hits 17.2% in October, despite falling oil prices
October 31, 2006 (LBO) – Consumer prices in Sri Lanka bounced up to 17.2 percent in October from 15.4 percent in September, the Census & …
Nest Egg
October 31, 2006 (LBO) – Sri Lanka is toying with the idea of starting a provident fund for migrant workers in an attempt to give countrymen a …
Timeline on Sri Lanka’s troubled peace bid
GENEVA, Oct 30, 2006 (AFP) - Sri Lanka's latest round of peace talks ended in failure in Geneva over the weekend sparking fears of renewed bloodshed …