Sri Lankan FM says military crackdown on Tamil Tigers will continue
NEW DELHI, Feb 1, 2007 (AFP) - Sri Lanka's new foreign minister said Wednesday there would be no let-up in military operations against the separatist …
All News
Mass arrests after Sri Lanka blasts kill 12
COLOMBO, Feb 1, 2007 (AFP) - Tamil Tiger rebels set off a roadside bomb in Sri Lanka's troubled north Thursday, killing a soldier as police carried …
Sri Lanka expands jumbo cabinet
COLOMBO, Feb 1, 2007 (AFP) - Sri Lanka's president Thursday swore in another minister increasing the cabinet to a historic high of 54 members. …
Thin Margin
January 31 (LBO) – Sri Lanka's state petroleum utility expects to just break even or make a marginal profit in 2006, after a government price …
Sri Lanka’s jumbo cabinet looks for meeting venue
Jan 31, 2007 (AFP) - Sri Lanka's newly inducted 53-member cabinet has put off its first meeting for want of a venue and other logistical problems, …
Blast kills six police in Sri Lanka’s east
Jan 31, 2007 (AFP) - Six policemen were killed and several more wounded Wednesday in a roadside bomb attack carried out by Tamil Tiger rebels, the …
Inflation in Sri Lanka hits a new record of 20.5% in January
January 31 (LBO) – Consumer inflation in Sri Lanka's capital Colombo soared to a new record of 20.5 percent in the year to January, beating the …
New Bird
Jan 31, 2007 (LBO) – A new airline has been approved to start domestic operations, using 19-seater aircraft, officials said. Daya Aviation is a …
India raises policy rate to 7.5% to keep inflation below 5.5%
MUMBAI, Jan 31, 2007 (AFP) - The Reserve Bank of India on Wednesday raised its key short-term borrowing rate by a quarter percentage point to 7.50 …
Credit Clamp
January 31 (LBO) – The Securities and Exchange Commission has clamped down on brokers who finance customers by giving them extra time to …
Difficult Road
Jan 31, 2007 (LBO) – Sri Lankan car dealers have predicted tough sales after being slapped with as many as three new taxes last year that has …
Free Push
Jan 31, 2007 (LBO) – HSBC in Sri Lanka is hoping to rope in more customers to its phone banking service by offering toll-free services in three …
Zimbabwe central bank to limit money printing to curb inflation, calls for fiscal restraint
HARARE, Jan 31, 2007 (AFP) - Zimbabwe's Reserve Bank governor Gideon Gono on Wednesday unveiled a battery of belt-tightening measures including …
Sri Lanka treasury bill yields leap forward as central bank baulks at printing money
January, 30 (LBO) - Government securities vaulted up at Tuesday's auction, with cut off rates for one year treasury bills touching 14. online …
Sri Lanka’s top donors call for peace and better policies to spread prosperity wider
January 30, (LBO) – Sri Lanka's top donors expressed concern at the internal conflict that shackled aid delivery and called for changes to the …
Ship Ahoy
Jan 30 (LBO) – Lanka Indian Oil Corporation has called for vessels to supply lubricant base oil for its new blending plant in the East of Sri …
Not so fast
January 30 (LBO) - The central bank is planning to introduce new prudential regulations for credit cards, following their rapid use and growth in …
Sri Lanka raises 23 million dollars from rupee bond sale
January 30 (LBO) - Sri Lanka goverment has raised 23 million dollars by selling rupee bonds to foreign investors, its public debt office said …
New Vista
LONDON, Jan 30, 2007 (AFP) - Windows Vista takes computing to a "new level," Microsoft boss Bill Gates trumpeted Tuesday, presenting the latest …
Coal industry urged to meet tougher environmental standards
SINGAPORE, Jan 30, 2007 (AFP) - The world's coal industry needs to sharpen up its act in order to meet tougher environmental standards amid …
Sri Lanka apparel group Brandix to double thread making capacity in Bangladesh
Jan 30 (LBO) – American & Efird Lanka, part of top Sri Lankan apparel exporter the Brandix Group, hopes to double its thread making capacity in …
Sri Lanka chases money without conditions
GALLE, Jan 30, 2007 (AFP) - Sri Lanka will lose millions of dollars unless it moves to end its bitter conflict with the Tamil rebels, diplomats and …
Donors call for peace to restore investor confindence
GALLE, Sri Lanka, Jan 29, 2007 (AFP) - Sri Lanka must commit to peace and restore investor confidence if it is to develop its potential, a senior …
Sold Out
Jan 29 (LBO) – Asian Hotels and Properties, developers of the new Emperor Condominium at Crescat City, says it has found buyers for 80 percent …