India’s inflation rate surges to 11.05 pct
NEW DELHI, June 20, 2008 (AFP) - India's annual inflation rate accelerated to 11.05 percent, its highest level in 13 years, according to data on Friday, piling …
Oil bubble wobbles; new excuse given
NEW YORK, June 19, 2008 (AFP) - Oil prices slumped Thursday after Saudi Arabia said it planned to boost daily output by 200,000 barrels to help cool …
Sri Lanka private sector credit slows, spike in state credit
June 20, 2008 (LBO) – Sri Lanka's private sector credit had slowed to 15.1 percent by April 2008 following tight monetary policy, though state credit had …
Not Correct
HONG KONG, June 18, 2008 (AFP) - China has no plans to try and dominate the shipping lanes of the Indian Ocean, its ambassador to India said in Hong Kong …
Banking Synergy
June 19, 2008 (LBO) – Sri Lanka's Hatton National Bank (HNB) and DFCC Bank have set up a joint venture investment bank that they said would be better …
Sri Lanka tea prices seen heading for correction
June 19, 2008 (LBO) – Sri Lankan tea prices appear to be heading for a correction with many grades from the estates easing at this week's Colombo …
Infotel 2008
June 19, 2008 (LBO) - Sri Lanka's largest information technology exhibition to be held during a nationally declared ICT week in October will showcase the …
Sri Lanka’s Ceylinco Life says PDAs to enhance sales
June 19, 2008 (LBO) – Sri Lankan insurance firm Ceylinco Life said it was arming its sales force with Personal Digital Assistants or PDAs in an effort to …
Sri Lanka agro-exports under threat if GSP+ is lost: exporter
June 19, 2008 (LBO) – A top Sri Lankan fruit and vegetables exporter which is pushing commercial agriculture in the poorest areas of the island says a …
EU leaders split on how to tackle soaring oil prices
BRUSSELS, June 19, 2008 (AFP) - Soaring fuel and food prices posed a stiff challenge to EU leaders gathered for a summit in Brussels on Thursday, amid clear …
World Bank expects Chinese economic slowdown
BEIJING, June 19, 2008 (AFP) - The World Bank said Thursday it expected China's economic growth to fall to single digits in 2008 for the first time in six …
Dollar stable as market weighs rate hike prospects
NEW YORK, June 18, 2008 (AFP) - The dollar held steady against other major currencies Wednesday in volatile trade as investors weighed prospects of US and …
Oil Row
June 19, 2008 (LBO) – Sri Lanka has ordered a local unit of Indian Oil Corporation to sell diesel on par with state-run Ceylon Petroleum Corporation or …
Ocean Outlook
June 18, 2008 (LBO) – Sri Lanka's Chamber of Construction Industry is pressing for the setting up of an institutional and legal framework to exploit the …
Cricket Online
June 18, 2008 (LBO) – Sri Lanka's national cricket team captain Mahela Jayawardena has gone online with information technology company Cryptodyne to …
Italian police arrest 33 Tamils on terror charges
ROME, June 18, 2008 (AFP) - Italian police Wednesday arrested 33 Sri Lankan Tamils charged with belonging to the outlawed Tamil Tigers group fighting a …
Heavy fighting kills 26 in Sri Lanka: defence ministry
June 18, 2008 (AFP) - Sri Lankan government forces and Tamil Tiger rebels engaged in heavy fighting in the embattled north, leaving at least 23 rebels and …
Malaysia to probe link to Sri Lanka bomb plot: report
KUALA LUMPUR, June 18, 2008 (AFP) - Malaysia will help Sri Lanka track down a suspect believed to be involved in a Tamil Tiger bomb plot in Colombo, a report …
Lower costs drawing users to mobile Internet: industry
SINGAPORE, June 18, 2008 (AFP) - Lower costs are drawing more and more users to access the Internet via their mobiles, and opening up opportunities for …
New US military contractor overbilling scandal in Iraq looms
WASHINGTON, June 18, 2008 (AFP) - A civilian Pentagon official in charge of the largest US military contract in Iraq was removed from his job in 2004 after …