Foreign loans, overseas remittances, keep Sri Lanka floating
May 15 (LBO) – Sri Lanka's balance of payments (BOP) has recorded a 150 million dollar surplus for the three months to March, the Central Bank …
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Aviation sector faces a critical five years: industry
SINGAPORE, May 15, 2006 (AFP) - The commercial aviation sector faces a critical five years where the two key players, airlines and airport operators, …
Tamil Tigers dismiss calls to end navy operations
COLOMBO, May 14, 2006 (AFP) - Sri Lanka's Tamil Tigers dismissed calls by Scandinavian truce monitors to stop rebel navy missions and have threatened …
Global economy, led by China, shrugs off soaring commodity prices
LONDON, May 14, 2006 (AFP) - The prices of commodities such as oil, copper, aluminium, platinum and sugar are smashing records -- and will head …
Sri Lanka seeks help to identify woman suicide bomber
May 14, 2006 (AFP) - Sri Lanka Police asked for help from the public Sunday to identify a woman suicide bomber who attacked the island's army chief …
Microsoft, Google gear for titanic clash
NEW YORK, May 14, 2006 (AFP) - Microsoft and Google are girding for battle for supremacy over the information technology sector, a duel watched …
Sri Lankan president warns Tigers as violence escalates
May 14, 2006 (AFP) - Sri Lanka's President Mahinda Rajapakse has warned Tiger rebels not to take his patience for weakness and vowed to defend his …
India’s Rahul Gandhi seen stepping into spotlight after mother’s win
NEW DELHI, May 14, 2006 (AFP) - The clamour is growing for Rahul Gandhi, scion of India's most powerful political dynasty, to step into the spotlight …
Violence kills 19 in Sri Lanka as Tigers vow to use navy
May 14, 2006 (AFP) - May 14, 2006 (AFP) - At least 19 people have been killed in fresh violence in Sri Lanka, officials said Sunday, as Tamil Tigers …
Sri Lanka likely to maintain key interest rates, despite deteriorating security situation
May 14, 2006 (LBO) - Sri Lanka's Central Bank is likely to maintain its policy rates for the fifth straight month amidst a possible bottoming out of …
Annan urges Sri Lanka’s warring sides to resume dialogue
UNITED NATIONS, May 12, 2006 (AFP) - UN Secretary General Kofi Annan on Friday made a fresh appeal to Sri Lanka's government and Tamil rebels to end …
Jayasuriya denies President behind Test return
LONDON, May 13, 2006 (AFP) - Sanath Jayasuriya has insisted the President of Sri Lanka played no role in his decision to end his retirement from Test …
EU criticises Sri Lanka Tigers over sea battle, warns on escalation
May 13, 2006 (AFP) - The European Union criticised Sri Lankan rebels Saturday for staging a deadly sea attack and warned that the escalation in …
Zimbabwe’s inflation rate crosses 1,000-percent threshold
HARARE, May 12, 2006 (AFP) - Zimbabwe said on Friday its inflation rate had crossed the landmark 1,000-percent threshold, arguably the highest in the …
Moody guarded over Jayasuriya return
LONDON, May 12, 2006 (AFP) - Sri Lanka coach Tom Moody gave a cautious welcome to the prospect of veteran opener Sanath Jayasuriya coming out of Test …
The Sri Lankan state: Failed, failing or maligned?
May 12, 2006 (LBO) - The May/June 2006 issue of the international affairs monthly, Foreign Policy, carries an article entitled "The Failed States …
Sri Lanka bombs Tamil Tiger airfield to “deter further attacks”
May 12, 2006 (AFP) - Sri Lanka's airforce bombed a rebel airfield in the island's north to "deter further attacks" by the guerrillas after they sank …
Sea Tigers: Sri Lanka’s deadly foes
May 12, 2006 (AFP) - Sri Lanka's truce prevents Tiger rebels from venturing out to sea, but "Sea Tiger" sailors are openly defying the ban and …
Tigers slams monitors after sea battle, Sri Lanka looks for bodies
May 12, 2006 (AFP) - Tamil Tiger Friday rejected a ceasefire ruling against them and demanded "sovereign rights" as Sri Lanka's military hunted for …
Reliance Petroleum creates waves on Indian stock exchange debut
MUMBAI, May 11, 2006 (AFP) - Reliance Petroleum shares jumped almost 70 percent on listing Thursday as investors rushed to buy a piece of the company …
Sri Lanka’s Jayasuriya heads for England
May 11, 2006 (AFP) - Veteran batsman Sanath Jayasuriya will join his Sri Lanka team-mates in England later this week after reversing his decision to …
New Wing
May 11 (LBO) – The government has given state oil giant Ceylon Petroleum Corporation the go ahead for a feasibility study to double capacity at …
Breaking Ground
May 11 (LBO) – Sri Lanka began construction of it first coal power plant on Thursday in Norachcholai on the island's West Coast, amidst …
Sri Lanka vows to crack down on killings to save peace bid
May 11, 2006 (AFP) - Sri Lanka has vowed tough action to stem a wave of killings following the latest Japanese bid to save faltering peace efforts, …