Sri Lanka shares end down 0.07-pct
Apr 15, 2010 (LBO) - Sri Lankan stocks closed weaker Thursday, easing off record highs on thin volumes as investors took a break for the traditional New Year …
Bus Loss
Apr 15, 2010 (LBO) - Sri Lanka's state bus service had lost 5,183 million rupees in 2009 despite getting another 4,135 million rupee handout in peoples' money …
Banking Reach
Apr 15, 2010 (LBO) - Commercial banks are opening branches in Sri Lanka's former war zone in the north and east and are also ready to increase lending to the …
India inflation nears double-digits, rate hike seen
NEW DELHI, April 15, 2010 (AFP) - India's inflation rate crept closer to double digits, official data showed Thursday, as analysts forecast another hike in …
US urges respect for human rights in Sri Lanka
April 15, 2010 (AFP) - US Secretary of State Hillary Clinton has urged Sri Lanka to respect human rights and heal its communal divisions as the island emerges …
Sri Lanka gets $150mn ADB emergency loan
Apr 15, 2010 (LBO) - The Asian Development Bank (ADB) said it is providing 150 million US dollars in an emergency loan to Sri Lanka for projects to help people …
Fed’s Bernanke sees ‘moderate’ economic recovery
WASHINGTON, April 15, 2010 (AFP) - Federal Reserve chief Ben Bernanke warned on Wednesday the US economy will recover at a "moderate" pace and that significant …
Caught
MIAMI, April 13, 2010 (AFP) - US police backed by helicopter units swooped on a group of illegal immigrants smuggled in from the Bahamas, arresting 15 from …
India plans launch sale of 4G mobile services: report
NEW DELHI, April 14, 2010 (AFP) - India plans to hold an auction of ultra-high-speed fourth-generation (4G) mobile phone spectrum soon after completion of 3G …
Iran to buy more Sri Lankan tea: government
April 14, 2010 (AFP) - Iran plans nearly to double its purchase of Sri Lankan tea, the island's main export commodity, Sri Lanka's government said Wednesday, …
Sri Lanka needs ‘realistic’ petroleum price formula: Central Bank
April 14, 2010 (LBO) - Sri Lanka needs a price formula to match import costs to retail prices as a part of a reform of the energy sector, the Central Bank said …
PepsiCo, India’s Tata Tea in joint-venture talks
NEW YORK, April 12, 2010 (AFP) - US soft-drinks and snacks giant PepsiCo and India's Tata Tea will explore the formation of a joint venture in "healthy" …
Sri Lanka state power, petroleum utilities could be listed: Central Bank
Apr 13, 2010 (LBO) - Units of Sri Lanka's state petroleum and power utilities could be listed in the Colombo Stock exchange to broad base their ownership and …
Sri Lanka exporters demand streamlined customs
Apr 13, 2010 (LBO) - Sri Lankan exporters have called for more streamlined customs clearance to help reduce costs and be more competitive in overseas markets. …
Sri Lanka president calls for unity in New Year message
April 13, 2010 (AFP) - Sri Lanka's President Mahinda Rajapakse Tuesday appealed for unity as the country prepared for its first traditional New Year after the …
Sri Lanka Treasuries flat ahead of traditional New Year
Apr 12, 2010 (LBO) - Sri Lanka's Treasury bills yields were flat at Monday's auction, held early ahead of a two-day holiday for a traditional New Year, …
Sri Lanka shares end up 0.49-pct
Apr 12, 2010 (LBO) - Sri Lankan stocks closed firmer Monday with some large deals done while activity petered off towards the end of trading ahead of a long …
Bunker Business
Apr 12, 2010 (LBO) - Indian Oil Corp's Sri Lankan unit aims to expand bunker sales by selling fuel to ships passing the island, a much bigger market than the …
India’s industrial output posts double-digit growth
NEW DELHI, April 12, 2010 (AFP) - India posted double-digit industrial growth for a sixth straight month in February, data showed Monday, adding to pressure on …
Pakistan cricketer Malik weds India’s tennis star Mirza
HYDERABAD, April 12, 2010 (AFP) - Pakistani cricketer Shoaib Malik and Indian tennis star Sania Mirza married Monday after a troubled engagement in a union …