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Two men shot dead in Sri Lanka capital may be linked to rebel factional feud
Unidentified gunmen shot dead two men in the Sri Lankan capital Colombo Sunday in killings that may be linked to factional fighting among Tamil rebels, a defence ministry spokesman said.The victims, both residents from the island’s northern peninsula of Jaffna, were gunned down in Colombo’s Kotahena area on Sunday morning, the spokesman said. “Police have […]
Hopes for Sri Lanka peace talks rise after India backs aid plan with rebels
Sri Lanka’s hopes of reviving peace talks with Tiger rebels were raised after India this week gave its backing to a controversial aid-sharing deal with the guerrillas, a senior diplomat and analysts said Sunday. Sri Lanka’s hopes of reviving peace talks with Tiger rebels were raised after India this week gave its backing to a […]
Thinking out of the tea chest
Industry analysts say receding tea consumption in traditional markets could be negated if new markets are actively tapped for business.A recent study in Britain, the very nation that propagated the tea plantations in the mid 1800s, found that the brew was loosing flavour with the new generation of Brits. Over the last five years total […]
Petro Shock
Fuel prices are being jacked up from midnight on Sunday, with petrol up by Rs.6.00 a litre to Rs. 80 and diesel up by Rs. 4.00 a litre to Rs. 50, just a month after the last price hike.Fuel prices are being jacked up from midnight on Sunday, with petrol up by Rs. 6.00 a […]
Word War
Sri Lanka’s truce monitors this week declared that the ceasefire was “not currently in danger” despite fears of war raised by peace broker Norway, financial backer Japan and the two main protagonists themselves.Sri Lanka’s truce monitors this week declared that the ceasefire was “not currently in danger” despite fears of war raised by peace broker […]
Waiting Game
Sri Lanka and India said Friday that they had agreed to ink a new economic pact aimed at boosting free trade by end 2005, one-year later than originally planned.Sri Lanka and India said Friday that they had agreed to ink a new economic pact aimed at boosting free trade by end 2005, one-year later than […]
Illegal Quest
GoldQuest, the controversial network marketing scheme, is now illegal in Sri Lanka after its scam drained US$ 15 million in foreign exchange from the country, the Central Bank said Friday.GoldQuest, the controversial network marketing scheme, is now illegal in Sri Lanka after its scam drained US$ 15 million in foreign exchange from the country, the […]
Engaged Tone
Distilleries Company of Sri Lanka Group on Thursday signed a share purchase agreement with Lanka Bell to buy 76 percent of the telco.Distilleries Company of Sri Lanka Group on Thursday signed a share purchase agreement with Lanka Bell to buy 76 percent of the telco. The deal will go through Milford Holdings (Pvt) Ltd – […]
Call Charge
COLOMBO (Dow Jones)–Distilleries Co.of Sri Lanka (DIST.SL) said Friday it will pay million to acquire local fixed-line operator Lanka Bell Ltd. COLOMBO (Dow Jones)–Distilleries Co. of Sri Lanka (DIST.SL) said Friday it will pay million to acquire local fixed-line operator Lanka Bell Ltd.“The acquisition may take about a month to complete. We will start the […]
President India
03/06/2005 1. Her Excellency, Mrs. Chandrika Bandaranaike Kumaratunga, President of Sri Lanka, paid a working visit to India from June 2-4, 2005. 03/06/2005 1. Her Excellency, Mrs. Chandrika Bandaranaike Kumaratunga, President of Sri Lanka, paid a working visit to India from June 2-4, 2005. 2. The President of Sri Lanka held cordial, wide-ranging discussions with […]
Temasek Holdings fund manager to share tips with local financial community
A fund manager working for a top Asian investment fund would be in Sri Lanka to share and train local financial positions on risk management. A fund manager working for a top Asian investment fund would be in Sri Lanka to share and train local financial positions on risk management. David Belmont Managing Director and […]
Donors postpone talks with Sri Lankan rebels ahead of aid-sharing deal
International donors said Thursday they had postponed a meeting with Sri Lanka’s Tamil Tiger rebels amid moves by Colombo to enter into a controversial aid-sharing deal with the guerrillas.International donors said Thursday they had postponed a meeting with Sri Lanka’s Tamil Tiger rebels amid moves by Colombo to enter into a controversial aid-sharing deal with […]