Sri Lankan rupee weakens, while stocks perk despite heavy foreign selling
June 2, 2006 (LBO) - Sri Lankan stocks closed the week on a high note, while the rupee dipped further against the dollar, as financial markets reacted sharply …
Sri Lanka to offer US$ 250 mn bonds to market this month
June 2, 2006 (LBO) - Sri Lanka will offer the first tranche of a medium term bond issue, worth 200 million dollars to market players later this month, as the …
Sri Lanka gets a new country head for World Bank
June 2, 2006 (LBO) – Naoko Ishii will take over as country director of the World Bank in August from the incumbent Peter Harrold, the bank said Friday. …
Bomb fears in Sri Lanka capital trigger appeal
June 2, 2006 (AFP) - Sri Lanka's military Friday sought public support to step up security in the main city of Colombo amid fears of bomb attacks by Tamil …
Sri Lanka pushes Tamil autonomy as US warns against war
COLOMBO, June 2, 2006 (AFP) - Sri Lanka's president launched talks with opposition parties Friday to hammer out a plan to grant autonomy to separatist Tamil …
Sri Lanka offers Tamil autonomy as US warns against war
June 2, 2006 (AFP) - Sri Lanka moved closer Friday to granting more autonomy to minority Tamils under a new initiative backed by the opposition, as the United …
Beat the heat — with rattlesnake ice cream
TOKYO, June 2, 2006 (AFP) - Anyone for rattlesnake ice cream? Japan is no stranger to bizarre frozen deserts and this year is no exception with cow tongue, …
No Bribes
June 02 (LBO) – A government help line linked up to 20 key state departments is to be rolled out soon, to offer general public information from getting …
Rubber could lose some steam this year, but stay a cash cow
June 02 (LBO) - Overheated rubber prices are expected to settle down from its recent high spell, brokers say, but stocks with high exposure to rubber will …
Illegal Smoke
June 01 (LBO) – Ceylon Tobacco Company together with several hotel associations filed petitions in the Supreme Court on Thursday against proposed laws to …
Collision course
Though Sri Lanka and Zimbabwe are thousands of miles apart and are on two separate continents, but our economic policies have so much in common with that …
driving into poverty
Though Sri Lanka and Zimbabwe are thousands of miles apart and are on two separate continents, but our economic policies have so much in common with that …
Winning Bets
June 1, 2006 (LBO) – John Keells Holdings Ltd., Sri Lanka's second-largest quoted company, had a 34 percent rise in its full-year profit as gains from …
Sri Lanka’s money markets tighten, pressure mounts on the exchange rate
June 1, 2006 (LBO) - After almost two years of excess liquidity, Sri Lanka's inter-bank money markets are tightening up, as reserve money growth is arrested. …
Fitch downgrades conglomerate Hayleys Ltd
June 1, 2006 (LBO) - Sri Lanka's conglomerate Hayleys Ltd's credit outlook Thursday was downgraded to 'AA (lka)' by Fitch Ratings Lanka, to reflect the group's …
Package Deal
Jun 01 (LBO) – The government has approved a restructuring plan for loss making Ceylon Electricity Board (CEB), which includes re-scheduling 60 billion …
Sri Lanka president calls on more nations to label Tigers terrorists
HONG KONG, June 1, 2006 (AFP) - Sri Lankan President Mahinda Rajapakse Thursday called on more countries to follow the lead of the European Union and label the …
Party office bombed, two killed as US official visits Sri Lanka
June 1, 2006 (AFP) - An office of a Tamil political party was bombed in Sri Lanka's restive eastern province and two party activists were gunned down elsewhere …
US pledges military support to Sri Lanka, warns against war
June 1, 2006 (AFP) - The United States Thursday pledged "tangible military cooperation" with embattled Sri Lanka, but warned the government here against a …
Sri Lanka president demands new plan to end bloodshed
June 1, 2006 (AFP) - Sri Lankan President Mahinda Rajapakse urged political parties Thursday to develop a plan that involves giving some power to minority …