Norwegian mediator calls for immediate end to Sri Lanka fighting
OSLO, Aug 2, 2006 (AFP) - Sri Lanka peace mediator Norway on Wednesday called on the warring parties in Sri Lanka to immediately end all hostilities, which …
Cricket proves welcome distraction from bloodshed in Sri Lanka
Aug 2, 2006 (AFP) - As the bloody ethnic conflict in Sri Lanka escalates, people in the island nation are turning to their top-flight cricket team to provide a …
South Asian ministers fail to resolve India-Pakistan tariff row
DHAKA, Aug 2, 2006 (AFP) - India accused Pakistan of jeopardising a fledgling South Asian free trade deal by failing to fully implement key tariff cuts as a …
India bans employment of children below 14
NEW DELHI, Aug 2, 2006 (AFP) - Employing children under 14 in households, roadside eateries and hotels will be illegal in India from October, the government …
Hornet’s Nest
August 2, 2006 (LBO) – Sri Lanka's Central Bank Wednesday said balances of dormant accounts taken over by can be claimed back by their rightful owners. …
Going Nowhere
August 02 (LBO) – Sri Lanka’s first toll road is still on the shelf without funding, with the government saying they will even consider commercial …
Merchant Bank of Sri Lanka picks up AA3 rating
August 2, 2006 (LBO) - Merchant Bank of Sri Lanka Wednesday picked up an AA3 rating from Lanka Rating Agency for their long-term senior debt, the agency said. …
Fitch asks Merchant Credit to infuse fresh capital; assigns ‘BBB(lka)’ rating
August 01, 2006 (LBO) - Fitch Ratings Lanka Tuesday assigned a 'BBB (lka)' to Merchant Credit of Sri Lanka for their long-term debt and said the company should …
No Oil
August 01, 2006 (LBO) – Sri Lanka says it may not entertain new investments into expensive oil fired power plants, under a proposed energy policy for the …
On Course
August 01, 2006 (LBO) – Caltex Lanka Lubricants Tuesday reported a 16 percent spike in net profit after tax for the six months ended June this year, on …
Minor Adjustment
August 1, 2006 (LBO) – Sri Lanka's state-owned Ceylon Petroleum Corp has raised fuel prices after a two-month lag to offset a surge in global oil prices, …
Sri Lanka on the brink after 67 killed in new violence
Aug 1, 2006 (AFP) - The truce between Sri Lanka's warring parties was stretched to breaking point Tuesday after one of the bloodiest days in the island's …
Sri Lankan war planes pound rebels after bus blast
Aug 1, 2006 (AFP) - Sri Lankan warplanes and artillery pounded Tiger rebel positions Tuesday after one of the bloodiest days in the island's recent history …
Hawks calling the shots in Sri Lanka: analysts
Aug 1, 2006 (AFP) - Sri Lanka's ordering in of war planes and artillery to open a minor irrigation canal blocked by Tiger rebels is an over-reaction and a sign …
Tigers hit Sri lanka’s main naval port as battle for canal heats up
Aug 1, 2006 (AFP) - Tiger rebels shelled Sri Lanka's main navy base Tuesday, killing four sailors and wounding 30, while warplanes bombed guerrilla positions …
Clouds over free trade deal as South Asian foreign ministers meet
DHAKA, Aug 1, 2006 (AFP) - South Asian foreign ministers started a two-day meeting in the Bangladesh capital Tuesday amid gathering clouds over the future of a …
First orders at the Great British Beer Festival
LONDON, Aug 1, 2006 (AFP) - The Great British Beer Festival served the first of an estimated 300,000 weird and wonderful pints from across the globe Tuesday as …
Central banks target rising inflation with interest rate hikes
PARIS, Aug 1, 2006 (AFP) - Vigorous economic growth and signs of inflation are drawing central banks into the US Federal Reserve's footsteps on the path …
Common Understanding
August 01, 2006 (LBO) – Sri Lanka has agreed to extend ˜national treatment™ to Indian banks and allow them to employ up to six expatriate staff, when …
No Surprises
July 31, 2006 (LBO) – Sri Lanka Telecom, the island's biggest telephone company, said Monday second-quarter profits rose 112 percent, after it signed up …