Nobel Peace Prize to Bangladesh’s Muhammad Yunus and Grameen Bank
OSLO, Oct 13, 2006 (AFP) - The Nobel Peace Prize was awarded on Friday to Muhammad Yunus of Bangladesh and the Grameen Bank which offers loans to …
All News
Flight Delays
SINGAPORE, Oct 13, 2006 (AFP) - Delays in delivery of the Airbus A380 super jumbo have led to "a big problem" for Dubai-based Emirates, the single …
India’s biggest no-frills carrier raises 100 million dollars
BANGALORE, India, Oct 13, 2006 (AFP) - India's biggest low-cost airline, Air Deccan, said Friday it has raised 4. online pharmacy buy abilify with …
Sri Lanka greets fewer visitors in Sept; hopes peace, discount airfares will reverse fortunes
Oct 13, 2006 (LBO) – Sri Lanka’s visitor arrivals in September fell 12 percent, but the Tourism Board is hoping discount airfares and …
New front opens in Sri Lanka after big military losses
VAVUNIYA, Sri Lanka, Oct 13, 2006 (AFP) - Sri Lanka's military and the Tamil rebels opened a new front in the east after a fierce battle in the north …
Microcredit offers millions way out of poverty in Bangladesh
DHAKA, Oct 13, 2006 (AFP) - Nearly three decades after Nobel prize winner Muhammad Yunus launched the pioneering Grameen Bank, giving small loans to …
Multi-media age finally dawns, media bosses say
CANNES, France, Oct 13, 2006 (AFP) - After years of eager anticipation and a lot of talk, the multi-media age has finally dawned and a string of …
Pandora’s Box
October 12, 2006 (LBO) – Sampath Bank may be a possible takeover target once again, when the small bank moves to amend its articles and allow a …
Banking Ed
Oct 12 2006 (LBO) - The Institute of Bankers of Sri Lanka (IBSL) will award more than 600 student members certificates at the eleventh convocation …
Online Tutor
WASHINGTON, Oct 12, 2006 (AFP) - American students having trouble with pesky math equations or intricate English grammar are increasingly turning to …
Sri Lanka’s Central Bank freezes key interest rates
October 12, 2006 (LBO) - Sri Lanka's central bank held rates steady at its October monthly monetary meeting, two weeks after an ad hoc rate rise of …
Bargain Fares
Oct 12 (LBO) – Dubai based Emirates Airlines is offering a bargain single fare for Sri Lankan leisure seekers and businessmen flying to Europe …
US ‘deeply concerned’ by latest Sri Lanka fighting
WASHINGTON, Oct 11, 2006 (AFP) - The United States said it was "deeply concerned" Wednesday by intense fighting in Sri Lanka that has jeopardized new …
Singapore to issue 20-year bonds for the first time
SINGAPORE, Oct 12, 2006 (AFP) - The Singapore government will issue a 20-year bond for the first time next year as part of efforts to further develop …
Sri Lanka peace talks in balance after fierce battle
Oct 12, 2006 (AFP) - Tamil Tiger rebels inflicted heavy losses on Sri Lankan troops in fierce fighting that reportedly killed 244 combatants and …
Sri Lanka ministers take pay cut as defence budget balloons
Oct 12, 2006 (AFP) - Sri Lanka's cabinet announced Thursday they had stopped drawing their salaries with immediate effect as the government was set …
Got Milk?
Oct 12, 2006 (LBO) – Sri Lanka has relaxed earlier moves to ban milk powder advertising, instead regulating branded milk adverts so that liquid …
Sri Lanka army death toll hits 129 after fierce battle
Oct 12, 2006 (AFP) - Sri Lanka's military said Thursday 129 soldiers were killed and over 500 wounded in fighting with Tamil Tiger rebels in the …
India’s cricket board accuses “snooty” ICC of neo-colonialism
MUMBAI, Oct 12, 2006 (AFP) - India's battle against the International Cricket Council turned nasty Thursday with the world governing body of the game …
Sri Lanka offers power-sharing in search for peace deal
Oct 12, 2006 (AFP) - Sri Lanka's president offered cabinet posts to the main opposition on Thursday in a bid to strike a bipartisan deal to end the …
Korean Chips
October 11, 2006 (LBO) – Korea's Samsung Networks Inc has picked up a 15 million dollar contract to digitally link up key Sri Lankan government …
Small Screen
CANNES, France, Oct 11, 2006 (AFP) - TV on tiny mobile phone screens may have started out small but it is growing up fast as more and more cellphone …
Fitch retains SLTs BB- rating; estimates court ruling to cost Rs 3.0 bn
October 11, 2006 (LBO) - Fitch Ratings affirmed Sri Lanka Telecom’s foreign currency debt as 'BB-' negative outlook, while the telco’s …
Norway demands end to Sri Lanka hostilities ahead of talks
COLOMBO, Oct 11, 2006 (AFP) - Sri Lanka's peace broker Norway Wednesday asked the government and Tamil Tiger rebels to cease hostilities after the …