‘s Central Bank Governor denies resignation rumours

Sri Lanka’s central bank governor Sunday denied news reports that he has been asked to make way for senior presidential advisor Nivard Cabraal. Sri Lanka’s central bank governor Sunday denied news reports that he has been asked to make way for senior presidential advisor Nivard Cabraal. The report claimed that Governor Sunil Mendis, who is […]

Sri Lanka and India unite over pesticide limits

Tea producing neighbours India and Sri Lanka will join forces to lobby for a common standard for minimum pesticide residual levels in black tea. Tea producing countries are also calling for a change in the way the tea is tested, accounting for the fact that black tea is drunk rather than chewed and eaten. Existing […]

Suicide attack sinks Sri Lankan navy gunboat, 15 sailors killed

Suspected Tamil rebels blew up a naval gunboat Saturday killing 15 Sri Lankan sailors in a suicide attack that caused the biggest military loss of life since a truce began four years ago, the defence ministry said.Suspected Tamil rebels blew up a naval gunboat Saturday killing 15 Sri Lankan sailors in a suicide attack that […]

US concerned over violence flare-up in Sri Lanka, seeks peace talks

WASHINGTON, Jan 6 (AFP) – US Secretary of State Condoleezza Rice has voiced concern over a flare-up of violence in Sri Lanka, and hopes Colombo and Tamil Tiger rebels will resume talks to reinforce their fragile truce, the State Department said.WASHINGTON, Jan 6 (AFP) – US Secretary of State Condoleezza Rice has voiced concern over […]

Suicide attack sinks Sri Lankan navy gunboat with 15 sailors

Suspected Tamil Tiger rebels blew up a Sri Lankan navy gunboat with 15 sailors in a suicide attack that inflicted the biggest single loss during a four-year-old truce, the defence ministry said.Suspected Tamil Tiger rebels blew up a Sri Lankan navy gunboat with 15 sailors in a suicide attack that inflicted the biggest single loss […]

Search for Sri Lankan gun boat after offshore blast

COLOMBO, Jan 7 (AFP) – A powerful offshore explosion was heard in Sri Lanka’s northeastern port district of Trincomalee early Saturday, shortly after two naval patrol craft put out to sea, police said.COLOMBO, Jan 7 (AFP) – A powerful offshore explosion was heard in Sri Lanka’s northeastern port district of Trincomalee early Saturday, shortly after […]

Paperless Flight

By the second quarter this year, SriLankan Airlines says it will roll out E-ticketing through its network of travel agents, expanding current sales of its pilot project.By the second quarter this year, SriLankan Airlines says it will roll out E-ticketing through its network of travel agents, expanding current sales of its pilot project. SriLankan Airlines […]

Card Busters

Sri Lanka’s cabinet of Ministers agreed to adopt a draft bill dealing with transaction devices including ATM and credit cards this week.Legal Draftsman Therese Perera on Friday said that the bill was near finalization, with only a component dealing with information technology pending. “We are working with the ICT Agency to make sure the legislation […]

Banking on CEPA

Sri Lankan banks considering collective entry into the Indian financial sector, using the Indo-Lanka CEPA.Sri Lankan banks considering collective entry into the Indian financial sector, using the Indo-Lanka CEPA. “The banks feel the most advantageous way of penetrating the Indian market is by forming a conglomerate of the top four private banks,” said Upali de […]

Peace Times

WASHINGTON, Jan 6, 2006 (AFP) – Sri Lanka’s Foreign Minister Mangala Samaraweera said Thursday that his government did not want a war with the Tamil Tigers and appealed to the rebels to be flexible, return to the negotiating table and jointly strengthen a Norwegian-backed ceasefire.WASHINGTON, Jan 6, 2006 (AFP) – Sri Lanka’s Foreign Minister Mangala […]

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