Long Arm
January 01, 2007 (LBO) – Sri Lanka's Janashakthi Group is set to take control of privately held financial service group First Capital, …
All News
Sri Lanka notches up US$ 600 mn foreign investment in 2006
January 01, 2007 (LBO) – Sri Lanka has notched up a record 600 million dollars in foreign direct investment last year, government said Monday, …
New Zealand wants better bowling against Sri Lanka
QUEENSTOWN, Dec 30 (AFP) - New Zealand skipper Daniel Vettori wants a vastly improved performance from his inexperienced bowling attack in Sunday's …
Fresh Slate
December 30 (LBO) – The Sri Lanka government has agreed to offload half the 60 billion-rupee long-term debt of the Ceylon Electricity Board …
Central Bank of Sri Lanka says more monetary tightening needed as inflation rages
December 29 (LBO) – Sri Lanka's central bank said further monetary tightening was needed to contain inflation as consumer prices in December …
Pipeline Plans
December 29 (LBO) – Sri Lanka has signed a deal Friday with India’s National Thermal Power Corporation to build a 500 million dollar coal …
Sri Lanka consumer prices rise by 2.3% in December keeping 12-month inflation at 19.3%
December 29, 2006 (LBO) – Consumer prices in Sri Lanka rose by 2.3 percent in December, keeping 12-month inflation at 19.3 percent, the Census …
Sri Lanka 3Q06 GDP 7.5%, says Central Bank while cutting full-year growth to 7%
December 29, 2006 (LBO) – Sri Lanka's economy grew 7.5 percent in the third quarter ended Sept. 30, the central bank said Friday, while …
Warne commits to rebuild tsunami-hit cricket ground
SYDNEY, Dec 28, 2006 (AFP) - Test cricket's leading wicket-taker Shane Warne has committed his charitable foundation to donate 20,000 dollars (15,600 …
Fragile Links
SINGAPORE, Dec 28, 2006 (AFP) - The chaos in Asia's Internet service sparked by an undersea earthquake shows the region's cable network is too …
Cable Cut
HONG KONG, Dec 27, 2006 (AFP) - Internet and phone services were disrupted across much of Asia on Wednesday after an earthquake damaged undersea …
Central Bank of Sri Lanka tightens cash facility to banks from Jan 01
Dec 26, (LBO) - The Central Bank of Sri Lanka has restricted the use of its cash facility to the banking system, from January 01, in a further …
Foreign banks lend dollars to Sri Lanka govt. at lower rates than locals
December 26, (LBO) - Sri Lanka has raised 100 million dollar syndicated loan from the international banks at a lower rate than previous dollar bond …
Tsunami-hit Sri Lanka stadium to be rebuilt despite Warne failure
GALLE, Sri Lanka, Dec 26, 2006 (AFP) - Australian leg-spinner Shane Warne might have failed to deliver promised aid to rebuild the Galle stadium but …
Piracy Charge
COLOMBO, Dec 26 (AFP) - The crew of a Jordanian cargo ship accused Tamil Tiger rebels Tuesday of piracy, saying the guerrillas had attacked their …
UN slams Sri Lanka’s warring parties on tsunami anniversary
Dec 26, 2006 (AFP) - The United Nations slammed Sri Lanka's warring parties for stalling tsunami reconstruction efforts Tuesday as the island marked …
Japan gives loudhailers to mark Sri Lanka tsunami anniversary
Dec 26, 2006 (AFP) - Japan Tuesday gifted loudhailers and life jackets to Sri Lanka's police to mark the second anniversary of the tsunami which …
Prayers, tears mark tsunami anniversary from Sri Lanka to Indonesia
BAN NAM KHEM, Thailand, Dec 26 (AFP) - With prayers and flowers and tears, from Thailand's beaches to the islands of India, mourners paid tribute to …
Crew seeks return home as Jordanian ship runs aground
Dec 24, 2006 (AFP) - The Iraqi skipper of a cargo vessel that ran aground near Tamil Tiger-held territory in Sri Lanka asked Red Cross officials on …
German freezes aid pledges to Sri Lanka to push peace talks
BERLIN, Dec 24, 2006 (AFP) - Germany said Sunday it will not offer the Sri Lankan government new aid until the peace process in the country advances …
Tamil Tigers ‘rescue’ crew from Jordanian ship, govt alleges piracy
Dec 23, 2006 (AFP) - Tamil Tiger rebels said Saturday they had rescued 25 sailors from a crippled Jordanian ship off Sri Lanka's northeastern coast, …
International Monetary Fund to wind up operations in Sri Lanka in Jan ’07
December 23, 2006 (LBO) – The International Monetary Fund will close its office in Sri Lanka from mid next month, the global financial watchdog …
India’s economy to boom more slowly in 2007: analysts
MUMBAI, Dec 23, 2006 (AFP) - India's economy will continue to boom in 2007 but analysts say demand will slow as its central bank hikes interest rates …
Cheap Run
December 22, 2006 (LBO) – Sri Lanka plans to float a state-run no frills airline, the government said Friday, to fly to the Middle East and …