Blood-splattered start to Sri Lanka polls

Presidential elections got underway in Sri Lanka Thursday as officials feared overnight violence that killed at least six people could scare away voters in embattled regions. Presidential elections got underway in Sri Lanka Thursday as officials feared overnight violence that killed at least six people could scare away voters in embattled regions. Police and security […]

Asian developing countries with quality education, to net foreign investment flows; UNCTAD

Asian developing countries, with quality higher education systems, will act as foreign investment magnet over the next two years, says UN trade agency UNCTAD.Asian developing countries, with quality higher education systems, will act as foreign investment magnet over the next two years, says UN trade agency UNCTAD. Developing countries in Asia are attracting large and […]

Sri Lanka’s Central Bank leaves it policy rates intact

Sri Lanka’s Central Bank opted not to tinker with its policy rates ahead of a crucial Presidential poll on Thursday. Sri Lanka’s Central Bank opted not to tinker with its policy rates ahead of a crucial Presidential poll on Thursday. The repurchase rate, which drains money from the banking system, stands at 8.50 percent and […]

Sri Lanka’s former PM struggles to claim presidential prize

The frontrunner in Sri Lanka’s presidential vote, Ranil Wickremesinghe, claims credit for freezing a decades-long ethnic war but that has not translated into deep support among the Sinhalese majority crucial to victory.The frontrunner in Sri Lanka’s presidential vote, Ranil Wickremesinghe, claims credit for freezing a decades-long ethnic war but that has not translated into deep […]

Sri Lanka’s Mr. Pain Killer encourages toddy tapping

Sri Lanka’s Mr. Pain Killer and Presidential Candidate Victor Hettigoda says he would have encouraged toddy-tapping apart from giving every home a milch cow if he presented the 2006 annual budget.Sri Lanka’s Mr. Pain Killer and Presidential Candidate Victor Hettigoda says he would have encouraged toddy-tapping apart from giving every home a milch cow if […]

Hefty oil bill widens Sri Lanka’s trade gap for Sept.

Sri Lanka’s trade deficit for the first nine months expanded further, as a hefty oil import bill continued to take its toll on the country’s meager earnings, the Central Bank said Wednesday. Sri Lanka’s trade deficit for the first nine months expanded further, as a hefty oil import bill continued to take its toll on […]

‘s Central Bank leaves it policy rates intact

Sri Lanka’s Central Bank opted not to tinker with its policy rates ahead of a crucial Presidential poll on Thursday. Sri Lanka’s Central Bank opted not to tinker with its policy rates ahead of a crucial Presidential poll on Thursday. The repurchase rate, which drains money from the banking system, stands at 8.50 percent and […]

Late Tariff

Fixed line giant Sri Lanka Telecom’s shift to a per-second tariff will be put off until after March 2006, when an appeal in the Supreme Court over its last tariff hike is taken up. Fixed line giant Sri Lanka Telecom’s shift to a per-second tariff will be put off until after March 2006, when an […]

Two policemen killed in Sri Lanka ahead of presidential elections

Two policemen in Sri Lanka’s east have been shot dead ahead of presidential elections in the country.Two policemen in Sri Lanka’s east have been shot dead ahead of presidential elections in the country. The two constables died in separate shootings in the same eastern province where police also found a landmine near a polling station. […]

Sri Lankan stocks surge on eve of presidential vote

Sri Lankan stocks closed on an all time high on the eve of Thursday’s crucial presidential vote with punters betting on opposition leader walking away with the country’s top job.Sri Lankan stocks closed on an all time high on the eve of Thursday’s crucial presidential vote with punters betting on opposition leader walking away with […]

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