Tit for Tat
Sept 15 (LBO) – Lanka Indian Oil Corp., will drop fuel prices again from Friday to recover a 50 percent loss in volumes due to price wars with …
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Will economic growth give political space for Sri Lanka to escape poverty?
SINGAPORE September 15, 2006 (LBO) – In addition to curries, saris and a passion for cricket, Sri Lanka shares similar problems with South …
Asian Trading
MANILA, Sept 15, 2006 (AFP) - The Asian Development Bank said Friday it has launched a 10 billion-dollar Asian currency note programme that would …
Member ID
Sept 14 (LBO) – The Hayley™s group said Thursday that it had tied up with Bartronics India Limited to develop and market identification …
Lack of cash pushes Sri Lanka to peace talks: analysts
COLOMBO, Sept 14, 2006 (AFP) - Sri Lanka appears to be dominating Tamil separatists on the battlefield, but a dwindling war chest may have forced it …
Ten killed in Sri Lanka amid fresh violence
VAVUNIYA, Sri Lanka, Sept 14, 2006 (AFP) - At least 10 people have died in fresh violence in Sri Lanka, officials said Thursday, despite an agreement …
Donor countries cut funding for Sri Lanka de-mining Report
Sept 14 (LBO) – Donor countries have withdrawn funding for de-mining in Sri Lanka until the government shows more commitment to signing a …
Oil prices likely to remain high through 2007: IMF
SINGAPORE, Sept 14, 2006 (AFP) - The strong US and Chinese economies as well as an array of supply issues look set to keep oil prices high next year, …
Central Bank asks Sri Lanka’s money changers to up collections, but new tax pushes dollars underground
Sri Lanka’s central bank is asking the country’s licensed money changers to raise more dollars to be allowed to continue in business. …
Hedging Option
Sept 14 (LBO) – Sri Lanka is looking at oil futures to hedge against increasing crude prices and control the island’s runway oil bill …
Settling Debts
Sept 14 (LBO) – Sri Lanka’s private port operator South Asia Gateway Terminals said Thursday that it has raised 48 million dollars …
Steady Growth
Sept 13 (LBO) – Sri Lanka and India are likely to clock in about three billion dollars in bilateral trade in the next year, despite some …
Blast injures 16 in northern Sri Lanka town
VAVUNIYA, Sept 13 (AFP) - A powerful explosion ripped through a chicken market in Sri Lanka's northern town of Vavuniya on Wednesday, wounding 16 …
Hollywood vs. China
BEIJING, Sept 13, 2006 (AFP) - Six Hollywood studios said Wednesday they had filed suit against Chinese firms for allegedly selling illegal copies of …
Hopes for Sri Lanka peace as gov’t commits to talks
COLOMBO, Sept 13, 2006 (AFP) - The Sri Lankan government said Wednesday it was committed to proposed peace talks with Tamil rebels aimed at ending an …
Singapore PM calls for bigger Asian role in IMF
SINGAPORE, Sept 13, 2006 (AFP) - Asia deserves a bigger role in the International Monetary Fund (IMF) to reflect its growing contribution to the …
Sri Lanka government dollar bond buyers demand higher yields and shorter maturities
Sept 13 (LBO) - Buyers of Sri Lanka government dollar bonds have demanded higher yields, and shorter maturities, at the latest action which closed …
Vehicle Rating
Sept 13 (LBO) – Sri Lanka’s largest leasing company People’s Leasing got a stable A-(lka) long term rating from Fitch Ratings …
Sri Lanka’s Industrial Finance may have to relax credit policies to grow faster: Fitch
Sept 13, (LBO) - Fitch Ratings has given a BB+ (lka) rating with a stable outlook for Industrial Finance Limited (IFL), a company which operates …
Sri Lanka denies agreeing to ‘unconditional’ talks
Sept 13, 2006 (AFP) - A Sri Lankan official denied on Wednesday the government had agreed to unconditional talks with Tamil Tiger rebels, and accused …
Global markets face correction : IMF
SINGAPORE, Sept 12(AFP) - Global financial markets could face major corrections as investors appear to have made scant provision for risks that could …
Constable killed, bomb wounds six in Sri Lanka
TRINCOMALEE, Sept 12(AFP) - A policeman was shot dead and six people were hurt in a bomb attack in Sri Lanka on Tuesday after weekend fighting …
Sri Lanka’s economy expands by 7.9% 1H06
September 12, 2006 (LBO) – Sri Lanka's economy grew at a blistering pace of 7.9 percent for the six months to June the Central Bank governor …
Sri Lanka raises US$105 mn in dollar bonds
September 12, 2006 (LBO) - Sri Lanka Tuesday raised 105 million dollars through a bond issue aimed at the domestic market. online pharmacy …