Oil Conundrum
July 9, 2006 (LBO) - Sri Lanka's main opposition charged that weak economic management was the cause of galloping inflation in the country and not oil prices. …
Quick Sand
July 9, 2006 (LBO) – Sri Lanka will continue to subsidise retail fuel prices in the absence of a new pricing formula, as Colombo threatened to takeover …
India’s ruling Congress battles mounting criticism over reforms
NEW DELHI, July 8, 2006 (AFP) - India's ruling Congress party moved into damage control on Saturday after an embarrassing U-turn on privatisation sparked …
Sri Lanka police probe death of innocent man beaten up in jail
July 8, 2006 (AFP) - Sri Lankan police have launched an investigation into the death of a man who was allegedly beaten up in prison after being falsely accused …
Sri Lankan rupee strengthens; shares close narrowly mixed
July 7, 2006 (LBO) - Colombo share prices closed little change in moderate trade Friday, but the rupee rallied a touch on some dollars sales by state banks, …
Audit Rider
July 7, 2006 (LBO) – A parliamentary body which oversees public finances, plans to bring a law to beef up the office of Sri Lanka’s Auditor …
Enabling Code
July 7, 2006 (LBO) - Sri Lanka's main employers' body has introduced a code of conduct as part of its efforts at encouraging firms to hire disabled persons. …
Bank of Japan to tighten rules on executives’ finances
TOKYO, July 7, 2006 (AFP) - The Bank of Japan said Friday it will ban its executives from investing in most types of financial products following a scandal …
Indian freeze on privatisation shows PM’s tough reforms fight
NEW DELHI, July 7, 2006 (AFP) - India's move to freeze its privatisation programme is a bad signal for reforms and highlights the uphill battle Prime Minister …
Sri Lanka bipartisan peace bid fails, opposition says
July 7, 2006 (AFP) - A fresh attempt to hammer out a bipartisan approach to Sri Lanka's drawn out Tamil separatist conflict ended abruptly with the defection …
Colombo stocks close flat on uninspiring trade; rupee dips marginally
July 6, 2006 (LBO) - Sri Lankan rupee dipped marginally while stock market closed virtually flat on Thursday in subdued trade, dealers said. The benchmark All …
Mortgage Crisis
July 6, 2006 (LBO) - A top Sri Lankan housing bank has asked the government to exempt housing mortgage lenders from upcoming law aimed at helping smaller …
Nit Picking
July 6, 2006 (LBO) – India's Commerce Minister has raised the red flag on Sri Lankan shipments of vanaspati, pepper and marble, as they are threatening …
It™s a Wrap
July 6, 2006 (LBO) – Sri Lanka has slapped a controversial tax on foreign commercials, Hollywood and Bollywood blockbusters, dramas and sitcoms from July …
Deep Cut
July 6, 2006 (LBO) – Sri Lanka's biggest mobile-phone operator Dialog Telekom Thursday slashed outgoing call charges by as much as 50 percent as the firm …
Warming Up
July 6, 2006 (LBO) – Sri Lanka plans to issue spectrum for third generation or next generation mobile technology to cellular phone operators next week, …
Tiger supremo pays homage to 273 suicide bombers
July 6, 2006 (AFP) - Sri Lanka's elusive Tamil Tiger supremo has paid tribute to 273 suicide bombers known as Black Tigers who have carried out devastating …
Strangers in their own land, Tamil refugees in limbo amid rising violence
MALLAVI, Sri Lanka, July 6, 2006 (AFP) - Former vegetable vendor Dharmaselan lost his leg and arm in an aerial bombing over strife-torn northern Sri Lanka …
Sri Lankan rupee ends tad higher; Colombo share prices gain
July 5, 2006 (LBO) - Sri Lankan rupee gained marginally, while shares prices in Colombo finished up Wednesday, as the government stepped up security amid fears …
Sri Lanka’s Mercantile Investments mulls subsidiary to hold leisure business
July 5, 2006 (LBO) -- Finance company Mercantile Investments Ltd, plans to float a fully-owned subsidiary to hold their leisure investments, a credit rating …