Maldives joins International Labour Organization
May 21, 2009 (LBO) - The Indian Ocean tourist paradise of Maldives has joined the International Labour Organization (ILO), the UN agency which deals with …
Sri Lanka navy chief urges common approach to maritime security
May 21, 2009 (LBO) - Indian Ocean navies need to co-operate better to ensure adequate responses to challenges ranging from terrorism to natural disasters, Sri …
Sri Lanka rating outlook cut to negative by S&P
May 21, 2009(LBO) – Standard & Poor's (S&P) has lowered the outlook of Sri Lanka's 'B' sovereign rating to negative from stable, on weak budgets, fallen …
Sri Lanka stocks up, bonds steady, after war, rate cut
May 21, 2009 (LBO) – Sri Lanka stocks rose 4.25 percent in morning trade Thursday following a national holiday to celebrate the end of an internal war, …
Sri Lanka cuts rates, moves to single policy corridor
May 21, 2009 (LBO) – Sri Lanka moved to a single policy rate with an 11.50 percent window with unrestricted accesss, effectively cutting policy rates by …
No More
May 20, 2009 (LBO) – A man who ran an illegal Ponzi-style 'investment' scheme in Southern Sri Lanka, offering high interest rates until its collapse last …
Red Ink
May 20, 2009 (LBO) - Sri Lanka's Dialog Telekom said its broadband and pay TV units continued to lose money in the March quarter, contributing to a group loss …
Indian industry looks to new government to boost growth
MUMBAI, May 20, 2009 (AFP) - The newly elected Congress-led government needs to move swiftly and decisively to restore blistering economic growth in India, …
Sri Lanka fugitive Tigers shot as nation celebrates victory
May 20, 2009 (AFP) - Sri Lanka celebrated victory over the Tamil Tigers with a national holiday on Wednesday as the army hunted down fugitive rebels, shooting …
Sri Lanka needs new power sharing deal to end conflict: US
May 20, 2009 (LBO) - The United States said a new power sharing deal and tolerance was required to achieve lasting peace in Sri Lanka and truly defeat …
UN rights body to hold special meeting on Sri Lanka
GENEVA, May 19, 2009 (AFP) - The UN human rights council will hold a special session next week on the situation in Sri Lanka after the end of Asia's longest …
Russia welcomes Sri Lanka defeat of Tamil Tigers
MOSCOW, May 19, 2009 (AFP) - Russia on Tuesday welcomed Sri Lanka's announcement of the Tamil Tiger rebels' defeat, saying it supported the Asian government's …
Sri Lanka to review overnight forex trading limits: CB governor
May 19, 2009 (LBO) - Sri Lanka will "review" overnight forex trading positions of commercial banks which were slashed during the height of a balance of …
Sri Lankan stocks marginally up, rupee stable
May 19, 2009 (LBO) - Sri Lankan shares ended marginally up Tuesday, recovering from early losses on confirmation that Tamil Tiger leader Velupillai Prabhakaran …
Second Chance
May 19, 2009 (LBO) – Sri Lanka's central bank said it was giving a second chance for five qualified investors to buy a 33 percent stake in Seylan Bank …
India’s independents take stock after election drubbing
MUMBAI, May 19, 2009 (AFP) - A new wave of reform-minded candidates are taking stock after the Indian general election, following high-profile campaigns that …
UN chief announces Sri Lanka trip
GENEVA, May 19, 2009 (AFP) - UN Secretary General Ban Ki-moon said he will visit Sri Lanka on Friday and called for immediate progress on reconciliation …
Sri Lanka detains war zone doctors
May 18, 2009 (AFP) - Sri Lanka has detained four doctors who worked inside Tamil Tiger territory, treating wounded civilians and providing reports on heavy …
Tamil Tigers decimated, Sri Lanka president to give victory speech
May 19, 2009 (AFP) - Sri Lanka's President Mahinda Rajapakse is to deliver a victory speech to parliament Tuesday following the bloody defeat of the Tamil …
Japan PM welcomes end of Sri Lanka war
TOKYO, May 19, 2009 (AFP) - Japan, Sri Lanka's largest aid donor and the holder of two thirds of its foreign debt, on Tuesday "welcomed the end of the civil …