Disappointing Year
May 17, 2006 (LBO) – Sri Lanka's Hayleys Ltd Wednesday reported a 24 percent drop in net profits for the financial year ended March 31, due to higher …
Sri Lanka joins ADB initiative to combat corruption
May 17, 2006 (LBO) – Sri Lanka Wednesday joined an Asian Development Bank- Organisation for Economic Co-operation and Development initiative to develop …
Quantum Leap
May 17, 2006 (LBO) – Runaway global oil prices is expected to cost Sri Lanka 2,250 million dollars this year, the government said Wednesday, in a broad …
Foreign bid to pull Sri Lanka from war amid killings
May 17, 2006 (AFP) - The United States is leading international efforts to halt Sri Lanka's slide back to war, diplomats and officials said Wednesday as four …
Japan to fingerprint and photograph foreign visitors
TOKYO, May 17, 2006 (AFP) - Japan's parliament narrowly approved Wednesday a bill to follow the United States in fingerprinting and photographing foreign …
Critics crucify ‘Da Vinci Code’ in Cannes
CANNES, France, May 17, 2006 (AFP) - The most hotly-awaited movie of the year "The Da Vinci Code" failed to crack an audience of movie critics here at a sneak …
War fears batter investor confidence in Sri Lanka
COLOMBO, May 16, 2006 (AFP) - Fears Sri Lanka could return to civil war have punched a hole in investor confidence and wiped millions of dollars off the value …
Lame Excuse
May 16 (LBO) – A top economist tells Sri Lanka not to delay petroleum pricing reforms by taking cover behind potential oil reserves. Sri Lanka is a net …
Policeman killed in Sri Lanka blasts
May 16, 2006 (AFP) - A policeman was killed and two others wounded Tuesday in two claymore mine explosions in Sri Lanka's restive north-eastern district of …
Children pay high price for Sri Lanka fighting: UNICEF
May 16, 2006 (AFP) - At least six children were killed in the latest surge of violence in Sri Lanka's northeast and thousands were made homeless, the United …
US asks Europe to ban Sri Lanka’s Tamil Tigers
May 16, 2006 (AFP) - The United States has asked the European Union to follow its lead and ban Sri Lanka's Tamil Tigers as a terrorist group, a visiting US …
Telekom Malaysia sees spike in first quarter profits
KUALA LUMPUR, May 16, 2006 (AFP) - Malaysia's largest telecommunications provider Telekom Malaysia has seen a sharp gain in its first quarter profit, including …
Exclusive Hong Kong club would have Bond shaken and stirred
HONG KONG, May 16, 2006 (AFP) - With the click of a switch, brightly polished restaurant tables lift almost magically into the ceiling and from sliding panels …
Sri Lankan troops and Tigers trade artillery fire across front line
May 16, 2006 (AFP) - Sri Lankan troops and Tamil Tiger rebels exchanged artillery fire across a truce line in the northern peninsula of Jaffna Tuesday, …
Delayed Flight
May 16 (LBO) – The Sri Lankan government is to hold a fresh round of talks with Emirates Airlines next month, on extending the management contract with …
Central Bank rejects 3-year bond auction
May 16, 2006 (LBO) - Sri Lanka's Central Bank Tuesday rejected all bids sent in for the three-year bond auction, but did not give any reason. online pharmacy …
John Keells pays US$ 21 mn for new Maldivian resort
May 16, 2006 (LBO) – Sri Lanka's John Keells Holdings said Tuesday that they have paid 21.8 million dollars to secure Maldivian based Dhonveli Beach & …
Solid Innings
May 15, 2006 (LBO) – Sri Lanka Telecom (SLT) said Monday, group net profits for the first quarter of 2006 topped 1.3 billion rupees, despite continued …
Foreign loans, overseas remittances, keep Sri Lanka floating
May 15 (LBO) – Sri Lanka's balance of payments (BOP) has recorded a 150 million dollar surplus for the three months to March, the Central Bank said …
Sri Lanka, rebels trade charges after civilian massacre
May 15, 2006 (AFP) - The Sri Lankan government traded charges with Tiger rebels on Monday over the killing of 13 Tamil civilians at the weekend, amid …