Aitken Spence on the brink of picking up their fourth Maldivian resort
May 18 (LBO) – Sri Lanka's Aitken Spence & Company is currently wrapping up a deal to pick up their fourth Maldivian resort, a top company …
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U.S. gives million dollars to spruce up tsunami shelters
May 18, 2006 (LBO) – The United States Thursday gave Sri Lanka a one million dollar grant to upgrade and improve the living conditions in …
Mortar bomb attacks in Sri Lanka’s restive region
May 18, 2006 (AFP) - Heavy mortar bomb attacks were reported from Sri Lanka's restive north-eastern port district of Trincomalee Thursday, residents …
Good Windfall
May 18, 2006 (LBO) – Sri Lanka's NDB Bank Thursday reported a 585 percent jump in first quarter profits boosted by capital gains from the …
Sri Lankan FM urges donors to pressure Tamil rebels
TOKYO, May 18, 2006 (AFP) - Sri Lankan Foreign Minister Mangala Samaraweera called Thursday on donor countries to raise pressure on the Tamil Tigers …
Soldier gunned down as Sri Lanka FM seeks pressure on Tigers
May 18, 2006 (AFP) - A rebel sniper gunned down a soldier at a de facto front line in northern Sri Lanka, the army said Thursday as the country's …
Foiled Plan
May 18 (LBO) – Attempts to widen the takeovers and mergers code to include indirect company takeovers is unlikely to work, Sri Lanka’s …
Cannes briefs: Jesus goes straight, Love and celluloid, Hanks waxes hot
CANNES, France, May 17, 2006 (AFP) - Snips from the Cannes film festival, which kicked off Wednesday: Jesus Christ going straight in "Da Vinci Code" …
Annan says it’s Asia’s turn for secretary general
TOKYO, May 18, 2006 (AFP) - UN Secretary General Kofi Annan said Thursday that most nations believe his successor should come from Asia, as …
Tough Call
May 17 (LBO) – Expensive telephone calls and tough labour laws could scare off multinational companies eyeing Sri Lanka as a possible …
Sri Lanka joins ADB initiative to combat corruption
May 17, 2006 (LBO) – Sri Lanka Wednesday joined an Asian Development Bank- Organisation for Economic Co-operation and Development initiative to …
Foreign bid to pull Sri Lanka from war amid killings
May 17, 2006 (AFP) - The United States is leading international efforts to halt Sri Lanka's slide back to war, diplomats and officials said Wednesday …
Disappointing Year
May 17, 2006 (LBO) – Sri Lanka's Hayleys Ltd Wednesday reported a 24 percent drop in net profits for the financial year ended March 31, due to …
Japan to fingerprint and photograph foreign visitors
TOKYO, May 17, 2006 (AFP) - Japan's parliament narrowly approved Wednesday a bill to follow the United States in fingerprinting and photographing …
Critics crucify ‘Da Vinci Code’ in Cannes
CANNES, France, May 17, 2006 (AFP) - The most hotly-awaited movie of the year "The Da Vinci Code" failed to crack an audience of movie critics here …
Quantum Leap
May 17, 2006 (LBO) – Runaway global oil prices is expected to cost Sri Lanka 2,250 million dollars this year, the government said Wednesday, in …
Policeman killed in Sri Lanka blasts
May 16, 2006 (AFP) - A policeman was killed and two others wounded Tuesday in two claymore mine explosions in Sri Lanka's restive north-eastern …
War fears batter investor confidence in Sri Lanka
COLOMBO, May 16, 2006 (AFP) - Fears Sri Lanka could return to civil war have punched a hole in investor confidence and wiped millions of dollars off …
Children pay high price for Sri Lanka fighting: UNICEF
May 16, 2006 (AFP) - At least six children were killed in the latest surge of violence in Sri Lanka's northeast and thousands were made homeless, the …
John Keells pays US$ 21 mn for new Maldivian resort
May 16, 2006 (LBO) – Sri Lanka's John Keells Holdings said Tuesday that they have paid 21.8 million dollars to secure Maldivian based Dhonveli …
US asks Europe to ban Sri Lanka’s Tamil Tigers
May 16, 2006 (AFP) - The United States has asked the European Union to follow its lead and ban Sri Lanka's Tamil Tigers as a terrorist group, a …
Telekom Malaysia sees spike in first quarter profits
KUALA LUMPUR, May 16, 2006 (AFP) - Malaysia's largest telecommunications provider Telekom Malaysia has seen a sharp gain in its first quarter profit, …
Delayed Flight
May 16 (LBO) – The Sri Lankan government is to hold a fresh round of talks with Emirates Airlines next month, on extending the management …
Exclusive Hong Kong club would have Bond shaken and stirred
HONG KONG, May 16, 2006 (AFP) - With the click of a switch, brightly polished restaurant tables lift almost magically into the ceiling and from …