Buying Time
December 8, 2006 (LBO) – Sri Lanka Friday gave banks extra time till 2009 to top up their capital by five times, the Central Bank said, as some …
All News
Funny Money
December 08, 2006 (LBO) – Sri Lanka's main opposition party has said the government should investigate suspected money laundering transactions …
Norway fails to secure deal to lift Jaffna siege
Dec 8, 2006 (AFP) - Sri Lanka's peace broker Norway failed on Friday to secure an agreement to end a blockade on the Jaffna peninsula where nearly …
Sri Lanka to buy MiG aircraft from Ukraine
Dec 8, 2006 (AFP) - Sri Lanka is to bolster its air force by buying four Mig-27s from Ukraine as its battle with the Tamil Tiger rebels intensifies, …
Bangladeshi workers exploited to stock British discount chains: report
LONDON, Dec 8, 2006 (AFP) - Garment workers in Bangladesh are working 80 hours a week for just five pence (seven euro cents, nine cents) an hour to …
Sri Lanka scales down tea production forecasts as trade union strikes continue
December 07, 2006 (LBO) - Sri Lanka is unlikely to reach last year's tea production record, as trade unions strikes on estates since November over a …
Blast rips Sri Lanka water mains
Dec 7, 2006 (AFP) - A powerful explosion blew up a pipeline supplying water to parts of the capital and immediate suburbs, police said Thursday. …
Aid workers blame bureaucracy for growing struggle to help Sri Lankans
PARIS, Dec 7, 2006 (AFP) - Western aid groups warned of a growing struggle to help Sri Lankan victims of the Indian Ocean tsunami and of the …
Sri Lanka president says democracy must not stop anti-terror fight
COLOMBO, Dec 7, 2006 (AFP) - Sri Lanka's president has warned that democracy must not come in the way of battling terrorism, after his government …
Five years on, copyright theft remains a Chinese trademark
BEIJING, Dec 7, 2006 (AFP) - When Shanghai police broke up a counterfeit pharmaceuticals ring that produced fake Tamiflu in August, it seemed a blow …
School shelled as 9 dead in fresh violence in Sri Lanka
Dec 7, 2006 (AFP) - At least seven civilians and two soldiers were killed in fresh violence in Sri Lanka hours after the government announced tough …
Cash Pile
December 07, 2006 (LBO) – Sri Lanka's NDB Bank Thursday teamed up with global money transfer giant Western Union, to tap the lucrative foreign …
Airbus to hike investment in India to one billion dollars
NEW DELHI, Dec 7, 2006 (AFP) - Europe's Airbus said Thursday it would hike investment in India to at least one billion dollars as it forecast the …
Political parties, parliaments most corrupt: graft poll
BRUSSELS, Dec 7, 2006 (AFP) - Political parties and parliaments are seen as the world's most corrupt institutions and governments are not doing …
Geography Lesson
December 07, 2006 (LBO) – Sri Lanka is to hire a British survey company to re-draw the island's continental shelf boundary, so that the country …
Shoe Bonds
Dec 06 (LBO) – A holding company that controls Sri Lanka's largest footwear maker DSI, is to issue a 300 million rupee debenture which has been …
Price Signal
December, 06 (LBO) – Sri Lanka's treasury bill rates moved up by an average of 19 basis points at this Wednesday's auction on the back of a …
Sri Lanka invokes anti-terror laws, but seeks talks with Tigers
COLOMBO, Dec 6, 2006 (AFP) - Sri Lanka Wednesday invoked tough anti-terror laws targeting the Tamil Tigers, but said it was not banning the rebels …
World economy on track for strong 2007
PARIS, Dec 6, 2006 (AFP) - Slowing activity in the US economy and a possible sudden cooling of overheated property markets are the main threats to …
Fighting kills 19 in Sri Lanka: military
COLOMBO, Dec 5, 2006 (AFP) - At least 19 people have been killed in fresh violence in Sri Lanka as peace broker Norway cancelled a meeting with Tamil …
Red Cross gives tsunami hit Sri Lankan families’ cash grants to rebuild homes
Dec 05 (LBO) – Relief Agency the American Red Cross said Tuesday that it will give ten million dollars in cash grants to over 3000 Sri Lankan …
Charity resumes Sri Lankan battle zone operations after massacre
COLOMBO, Sept 6, 2006 (AFP) - A French charity Tuesday announced it is resuming its operations in Sri lankan, four months after 17 of its local …
World’s richest two percent own half global wealth: UN
HELSINKI, Dec 5, 2006 (AFP) - The world's richest two percent of adults own more than half of global household wealth, while half the world's …
Better Deal
Dec 05 (LBO) – Sri Lanka's small hydro developers are in talks with the government for a new electricity tariff, to be finalised in about a …