Firm Faith
May 25, 2006 (LBO) – Sri Lanka’s biggest leasing company, People’s Leasing, has begun offering Islamic financial products, catering …
All News
EU ban on Tamil Tigers will help peace talks: Sri Lankan president
LONDON, May 25, 2006 (AFP) - An impending European ban on the Tamil Tiger rebels will leave the group with little choice but to engage in peace …
Fresh Look
May 25, 2006 (LBO) – The Hayleys Group said Thursday that Nirmala Gihan Wickremeratne, Deputy Chairman, will succeed Rajan Yatawara as Chairman …
Sri Lanka’s World Trade Centre bans cars on bomb fears
May 25, 2006 (AFP) - Sri Lanka's twin-tower World Trade Centre banned vehicles Thursday fearing a car bomb attack by Tamil separatist rebels, police …
Malaysia’s Proton in talks with China’s Chery
KUALA LUMPUR, May 24, 2006 (AFP) - Malaysian carmaker Proton said Wednesday it is in talks with Chinese manufacturer Chery on a deal to assemble and …
Thai Stock Exchange chief resigns over beer IPO in Singapore
BANGKOK, May 24, 2006 (AFP) - The head of the Stock Exchange of Thailand quit Wednesday after the local stock market failed to list the country's …
Cricket fever taking root across Asia
KARACHI, May 24, 2006 (AFP) - Just a few years ago it was hard to imagine cricket taking root in conservative societies like China and Afghanistan. …
Oxfam cries foul over sportswear sweatshops ahead of World Cup
SYDNEY, May 24, 2006 (AFP) - Sportswear manufacturers received a red card from international charity Oxfam Wednesday for failing to stamp out …
Sri Lanka ships more earns more from shipping tea in April
Apr. 26 (LBO) - Sri Lanka shipped 98.65 million kilos of tea in April to overseas buyers higher than 87.96 million kilos reported during the same …
Sri Lanka launches an electronic trading platform for government bonds
May 24, 2006 (LBO) - Sri Lanka Wednesday launched an electronic trading platform for government bonds, which will set the tone for a more vibrant …
Steady Progress
May 24, 2006 (LBO) – People's Bank, Sri Lanka's second-largest state bank in terms of assets, said group net profits for the three-months to …
Step Pyramid
May 24, 2006 (LBO) – Authorities in Sri Lanka are stepping up a campaign against pyramid schemes, after learning that promoters were targeting …
Three die as international concern mounts over Sri Lanka violence
May 24, 2006 (AFP) - Three security personnel died in a mine blast Wednesday, the Sri Lanka military said, as a Norwegian peace envoy arrived to …
Chipmaker Intel considers testing facility in India
BANGALORE, India, May 23, 2006 (AFP) - US-based Intel Corp, the world's largest maker of semiconductors for computers, may build a facility to test …
India to push the mango to new markets
NEW DELHI, May 23, 2006 (AFP) - India, the world's largest mango producer, is set for a big push to sell its succulent "king of fruit" to countries …
Narrow strip of land is Sri Lanka’s flashpoint
MUHAMALAI, Sri Lanka, May 23, 2006 (AFP) - A narrow strip of land in Sri Lanka's northern peninsula of Jaffna is a flashpoint that could ignite a new …
Peacebroker Norway concerned about Sri Lanka violence
KILINOCHCHI, Sri Lanka, May 23, 2006 (AFP) - Peacebroker Norway is "extremely concerned" about the high level of violence in Sri Lanka, Oslo's …
Central Bank rejects 3-year bond auction again
May 23 2006 (LBO) - Sri Lanka’s Central Bank, Tuesday rejected all bids sent in for the three-year bond auction for the second successive …
Tech Glitch
May 23 (LBO) – Local commercial banks with a backlog of un-cleared cheques say the operational glitch will be sorted out by the end of this …
EU demands action over Sri Lanka attacks
COLOMBO, May 23, 2006 (AFP) - The European Union on Tuesday demanded action against those responsible for bombing three international charities …
Dire Straits
May 23, 2006 (LBO) – Cash strapped retail fuel supplier Lanka IOC has put a break on future imports, citing an unpaid 7.44 billion rupee …
Tigers turn down direct talks with Sri Lanka president
May 23, 2006 (AFP) - Sri Lanka's Tamil Tiger rebels Tuesday rejected a call by Buddhist and Christian clergy for a direct meet between the president …
Alliance Finance gets stable BBB2 from Lanka Ratings
May 23 (LBO) - Lanka Ratings gave Alliance Finance Company a stable long-term BBB2 (triple B two) rating on Tuesday, for its healthy asset quality …
Ritual killings could drive Kenyan lions to extinction: experts
NAIROBI, May 23, 2006 (AFP) - Kenya's famed lion prides could be driven to extinction because ritual killings by tribal warriors are decimating their …