India’s 3G auction set for further delay
NEW DELHI, December 29, 2009 (AFP) - India's long-awaited auction for third generation (3G) mobile telecom services has been delayed again and will miss a …
Fuel Cost
Dec 29, 2009 (LBO) – Sri Lanka’s state-owned refiner, the Ceylon Petroleum Corporation, said it will cut fuel prices from midnight Tuesday. It said …
Sri Lanka stocks re-rated upwards, up 122-pct
Dec 28, 2009 (LBO) - Sri Lankan retail stock buyers are focusing on mid capitalised firms while high net worth investors are chasing blue chips up in a fresh …
Liner Moves
Dec 28, 2009 (LBO) - The Sri Lanka Ports Authority said it has managed to win back the custom of Mediterranean Shipping Company (MSC), a global container …
Transport Links
Dec 28, 2009 (LBO) - Aramex, a global transportation and logistics services company, has set up a joint venture with Delmege Forsyth Group, one of Sri Lanka's …
Sri Lanka readies Ceylon tea intellectual property claim
Dec 28, 2009 (LBO) - Sri Lanka is readying a claim for intellectual property protection for different types of Ceylon tea under global ''Geographical …
Indian minister pans new visa rules on Twitter
NEW DELHI, December 28, 2009 (AFP) - India's Twitter-loving junior foreign minister has used the microblogging site to criticise his government's move to …
Sri Lanka’s Sangakkara signs for Lancashire
LONDON, December 28, 2009 (AFP) - Sri Lanka captain Kumar Sangakkara will be Lancashire's overseas player next season, the English county announced Monday. …
Sri Lanka takes more time to study war crimes charges
December 28, 2009 (AFP) - Sri Lanka's president has given legal experts four more months to study a US State Department report cataloging alleged war crimes on …
Sri Lanka to pay ‘interest subsidy’ to senior citizens as rates fall
Dec 28, 2009 (LBO) - Sri Lanka will give '20 percent bonus' interest for senior citizens as interest rates fell steeply over the past year on a scheme …
Sri Lanka gets World Bank funds for rural village
Dec 28, 2009 (LBO) – The World Bank (WB) has approved 75 million dollars to fund the second stage of community development and livelihood improvement …
Sri Lanka-India one-dayer abandoned over poor pitch
NEW DELHI, December 27, 2009 (AFP) - Unfit pitch conditions at the Ferozeshah Kotla stadium forced the fifth and final one-day international between India and …
Sri Lankan migrant dies in Indonesia: official
JAKARTA, December 27, 2009 (AFP) - The body of an asylum seeker who died of a suspected stomach infection in Indonesia will be returned to Sri Lanka this week, …
Asia’s decade reoriented the world: analysts
HONG KONG, December 27, 2009 (AFP) - Explosive growth in economic and political power ensured that the past 10 years set the foundations for what many analysts …
Graft Wave
December 26, 2009 (AFP) - Nearly half a billion dollars in tsunami aid for Sri Lanka is unaccounted for and over 600 million dollars has been spent on projects …
Asia remembers day ocean unleashed its fury
BANDA ACEH, December 26, 2009 (AFP) - People across Asia paused Saturday to remember the day five years ago when an undersea earthquake unleashed a devastating …
Sri Lanka opposition presidential candidate defends economic prowess
Dec 26, 2009 (LBO) - Sri Lanka's opposition presidential candidate, a former military general, defended his ability to manage the economy in a future …
Port Industries
Dec 25, 2009 (LBO) - Sri Lanka's cabinet of ministers has kicked off the process to bring private enterprises to a new industrial port in Hambantota in the …
Steady State
Dec 24, 2009 (LBO) – Rating agency Fitch confirmed Union Bank of Colombo Limited's long term rating of 'BB+(lka), reflecting the bank's moderate asset …
Arms Allegation
SINGAPORE, December 25, 2009 (AFP) - A Singapore opposition party member has been extradited to the United States where he stands accused of trying to supply …