Sri Lankan begins probe in to suicide sinking of gunboat
Mar.26 (AFP) - Sri Lanka's navy Sunday began a probe into a Tamil rebel attack on a gunboat that left eight sailors missing, presumed dead, military …
All News
Monitors say gunboat sinking could push Sri Lanka back to war
Mar. 26 (AFP) - Scandinavian truce monitors have said that an alleged Tamil Tiger suicide attack which sank a navy gunboat and killed eight sailors …
Audit Protest
Mar.26 (LBO) - Sri Lanka's government auditors are threatening industrial action against chronic inaction by authorities and the parliament to …
Eight Sri Lankan sailors presumed dead in Tamil Tiger Suicide blast
Mar. 25 (AFP) - Eight sailors from the Sri Lankan navy were presumed killed Saturday when a group of suspected Tiger rebels blew themselves up and …
Sri Lanka on path to cut interest rates later this year
Mar. 24 (LBO) -- Sri Lanka is likely to cut interest rates later this year, in a backdrop of declining inflation, a top bureaucrat who plays a key …
Sri Lanka taps international markets to change debt profile
Mar. 24 (LBO) -- Sri Lanka is working on changing its debt profile, replacing old concessional loans with overseas borrowings and re-allocating low …
Open Sesame
Mar 23 (LBO) - Sri Lanka will have to further relax import tariffs on goods like cement from April this year under its trade deal with India, with …
Rights group concerned about Sri Lanka audit chief
Mar. 23(AFP) - The Asian Human Rights Commission Thursday said it was "gravely concerned" at public criticism of Sri Lanka's audit chief who has …
Tigers say Colombo curbs undoing Swiss talks
Mar 23(AFP) - The Tamil Tiger rebels Thursday accused Sri Lanka of endangering efforts to end ethnic bloodshed by imposing fresh conditions on their …
Joint Power
Mar. 23 (LBO) -- Sri Lanka's cabinet of ministers had approved a deal for the state-owned Ceylon Electricity Board (CEB) to team up with India's …
Drama Tax
Mar 23 (LBO) - Sri Lanka passed controversial laws on Tuesday to tax imported movies, dramas, sitcoms and commercials, though tax rates and …
Sri Lanka seizes suspected rebel trawler, firefight in Jaffna
Mar. 22 (AFP) - Sri Lanka's navy detained a fishing trawler operated by suspected Tamil rebels off the island's troubled northern waters Wednesday …
Re-Shuffle
Mar. 22 (LBO) – Sri Lanka has changed the license fee structure for lubricant operators giving players an option of paying a flat fee or a …
Growing Money
Mar 22 (LBO) - Lanka Transformers were given a first subsidy payment on Wednesday for generating electricity from trees, under a new scheme to …
Sri Lanka’s leisure industry recovers in February
Mar. 22 (LBO) -- Sri Lanka's tsunami-hit tourism industry continued to recover this year, with arrivals for the two months to February rising 40. …
Sri Lanka’s People’s Bank gets its credit rating upgraded to A-(sri)
Mar. 22 (LBO) - Sri Lanka's state-run People's Bank got its credit rating upgraded to A-(sri) by Fitch Ratings Lanka Ltd, who also revised the bank's …
On Hold
Mar. 21 (LBO) – Sri Lanka Telecom, the island's dominant fixed-line operator, Tuesday said it would stop connecting new subscribers through …
Legal Muscle
Mar. 21 (LBO) – Sri Lanka's Parliament Tuesday passed amendments to several financial bills, including a tax on foreign television programmes …
Sri Lanka suspends lavish perks of former president
Mar. 21 (AFP) - Sri Lanka's Supreme Court has ordered the withdrawal of extra cars and staff serving former president Chandrika Kumaratunga after a …
Sri Lanka navy denies Tiger rebel claim of attack on villages
Mar 216 (AFP) - Sri Lanka's navy denied a charge by Tamil Tigers Tuesday that it fired indiscriminately at rebel-held villages in the northeast, …
Flagged Off
Mar 21 (LBO) – Sri Lanka's Caltex Lanka Lubricants will ship five million litres of lubricant oils into Bangladesh, its first foray into the …
Sri Lanka mock rescue ends in tragedy
Mar 20 (AFP) - A Sri Lankan airforce officer drowned Monday after falling from a helicopter during a search and rescue exercise, officials said. …
Sri Lanka puts off vote in troubled regions
Mar 20 (AFP) - Sri Lanka's elections department Monday put off for six months scheduled local government polls in the island's embattled northern and …
Comfort Letter
Mar. 20 (LBO) – Sri Lanka’s telecommunications regulator has upheld two private fixed operators’ claim to import handsets duty …