Desperate Times
June 06 (LBO) – Lanka Indian Oil Corporation has asked the Treasury for a billion rupees of its unpaid subsidy bill to buy fuel, as petrol …
All News
Bomb blasts rock Sri Lanka navy base amid peace moves
COLOMBO, June 6, 2006 (AFP) - Suspected Tamil rebels exploded bombs outside a naval base near Sri Lanka's capital Tuesday, wounding two people while …
Against Odds
June 6, 2006 (LBO) – Diversified Hemas Holdings Ltd Tuesday posted a 16 percent growth in full-year profits for the year ended March 31, 2006, …
Facelift
The newly re-constituted Strategic Enterprises Management Agency (SEMA) says it is reviewing all state institutions under its management and …
Missing fingers, toes highlight Asia’s human trafficking woes
WASHINGTON, June 6, 2006 (AFP) - The shattered dream of an Indonesian domestic maid, who lost her fingers and toes, following torture by her employer …
Big Bucks
BANGALORE, India, June 6, 2006 (AFP) - US technology giant IBM said Tuesday it will triple its investments in India to six billion dollars over the …
Battle Lines
June 05 (LBO) – Sri Lanka will fight new Indian restrictions on duty free vanaspati exports, ahead of another round of Indo-Lanka trade talks …
Local tea industry draws up new standards on exports to Japan
June 05 (LBO) - After pressure from Japan, the Sri Lankan tea trade is drawing up a uniform declaration for exporters to clear their tea shipments …
Mouse Trail
PARIS, June 5, 2006 (AFP) - Nearly one out of two airline tickets issued to travellers is currently in electronic form and paper tickets are on track …
Tigers to raise neutrality of monitors after EU ban
June 5, 2006 (AFP) - Sri Lanka's Tamil Tiger rebels will this week question the impartiality of truce monitors from Denmark, Sweden and Finland in …
In Indian zoos, life can be brutal and short
NEW DELHI, June 5, 2006 (AFP) - Visitors to Indian zoos often throw stones at animals, many of whom are already in pain and enclosed in filthy, …
Asia proves hip for designer wallets: global survey
SINGAPORE, June 5, 2006 (AFP) - Asians buy more designer wallets than any other region but luxury-brand loyalty varies from country to country, a …
Indian bookies raking in millions thanks to heavy monsoons
NEW DELHI, June 5, 2006 (AFP) - Bountiful early monsoon rains are raking in millions of dollars for Indian bookies taking bets on the amount of rain …
Bangladesh city introduces polygamy tax
DHAKA, June 5, 2006 (AFP) - A Bangladesh city will impose taxes on polygamists to deter the "outdated" practice of marrying more than one wife, an …
Extended Family
June 5, 2006 (LBO) – Sri Lanka plans to expand its mobile phone market to five players, in a bid to bring down costs of telephony, the telecom …
Foreign pressure pushing Sri Lanka to talks as war fears recede
June 4, 2006 (AFP) - Stepped up international pressure encouraged Sri Lanka's warring parties to resume talks this week amid hopes of a new …
Tiger rebels escape in Sri Lanka jail break
June 4, 2006 (AFP) - Eight inmates, among them two Tamil Tigers being held for firearm offences, broke out of a jail in Sri Lanka's restive eastern …
Mine blasts kill two soldiers in Sri Lanka
June 4, 2006 (AFP) - Two soldiers and a bus station guard have been killed in separate attacks in Sri Lanka's troubled northeast, the military said …
Sri Lanka warring parties head for Oslo talks
June 4, 2006 (AFP) - Sri Lanka's warring parties Sunday sent their respective delegations to Oslo, the capital of peace broker Norway, to discuss the …
Tsunami puts Sri Lanka’s cinnamon industry on a different plane
A budding cinnamon plant that's growing after the tsunami. PERALIYA, June 3, 2006 (LBO) -- Wearing a red crash helmet to beat the sun, Punya Sena …
Quick Thinking
June 3, 2006 (AFP) - A Thai airways flight from Colombo to Bangkok made an emergency landing Saturday at Sri Lanka's only international airport …
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 …
Bank of Ceylon shops for dollars
June 2, 2006 (LBO) - State-run Bank of Ceylon is actively pursuing to raise around 250 million dollars through a syndicated loan from foreign banks …
Sri Lanka to raise dollar bonds to shore up reserves this month
June 2, 2006 (LBO) - Sri Lanka plans to tap the international debt market this month to raise 350 million dollars to shore up official reserves, a …