Majority of economists mislead over commodity bubble: survey
WASHINGTON, May 8, 2008 (AFP) - A surge in food and energy prices is being driven by fundamental market conditions, rather than an investment bubble, according …
India halts futures trade in staple foods to fight ‘inflation’
NEW DELHI, May 8, 2008 (AFP) - India's government on Thursday halted trading in futures contracts for key staple foods and for rubber as it battled to avoid an …
Indian inflation at 7.6-pct in April
NEW DELHI, May 9, 2008 (AFP) - India's annual inflation rate rose marginally to a near four-year high at 7.61 percent on the back of rising food prices, …
Sri Lanka’s ‘Karuna released into immigration detention
May 9, 2008 (AFP) - A former leader of Sri Lanka's Tamil Tiger rebel splinter group, jailed in Britain since January, has been released and transferred to an …
Security tight as Sri Lanka’s east coast holds key polls
TRINCOMALEE, Sri Lanka, May 9, 2008 (AFP) - A heavy security blanket was thrown over eastern Sri Lanka ahead of Saturday's local polls, seen as a key test for …
On Hold
May 09, 2008 (LBO) – Sri Lanka is keeping retail fuel prices at current levels despite crude oil prices soaring to new highs and mounting losses at the …
Serendipity
May 09, 2008 (LBO) – Sri Lanka is to start searching for oil onshore after the accidental discovery of gas seeping from the ground, government officials …
Sri Lanka Treasury bill yields plummet
May 08, 2008 (LBO) - Sri Lanka's benchmark 3-month Treasury bill yields fell sharply by 42 basis points as the government sold 8.6 billion rupees out of 11.0 …
Fresh Start
May 08, 2008 (LBO) – The Asian Development Bank has agreed to change conditions on a loan to the Sri Lankan government to build a new deep-water harbour …
Talent Search
May 08, 2008 (LBO) – Amba Research, an investment research outsourcing firm, says four of its employees won gold medals at the convocation of the …
Britain charges four with helping Sri Lanka Tigers
LONDON, May 8, 2008 (AFP) - British police have charged four men with conspiring to support Sri Lanka's Tamil Tiger rebels, Scotland Yard said Thursday. buy …
Sri Lankan Airlines appoints chief executive
May 08, 2008 (LBO) – Sri Lankan Airlines has appointed Manoj Gunawardene, the airlines former head of worldwide sales as chief executive, the company …
Sri Lanka’s HNB Assurance March net up 9-pct
May 08, 2008 (LBO) – Sri Lanka's HNB Assurance Ltd's March quarter profits increased nine percent to 14.1 million rupees while revenue increased 40 …
Sri Lanka Eagle Insurance March quarter profits drop
May 08, 2008 (LBO) – Sri Lanka's Eagle Insurance group March quarter net profit fell by half although revenue went up, according to the results sent to …
Sri Lanka chamber promotes links with Trinidad and Tobago
May 08, 2008 (LBO) – The embassy of the Caribbean island of Trinidad and Tobago is organizing a trade mission through its High Commission (embassy) in …
Thailand says Malaysia to buy emergency rice supplies
BANGKOK, May 8, 2008 (AFP) - Thailand said Thursday it would provide 500,000 tonnes of rice to Malaysia in an emergency purchase as the latter's national …
India’s growth rewarding amid global risks: Merrill Lynch
MUMBAI, May 7, 2008 (AFP) - India offers one of most rewarding opportunities for growth in spite of recessionary conditions in the United States, wealth …
Nepal lifts ban on Everest as Olympic torch summits
KATHMANDU, May 8, 2008 (AFP) - Scores of climbers waiting on the southern Nepalese approach to Mount Everest will be allowed to proceed after the Chinese …
Brazil, India have ‘greenest’ consumers, US trails: study
WASHINGTON, May 7, 2008 (AFP) - Inhabitants of Brazil and India have the world's most environmentally-sustainable lifestyle and Americans have the least, …
Iraq, Sri Lanka, Pakistan on journo killer list: rights body
VIENNA, May 8, 2008 (AFP) - Ninety-three journalists were killed in 2007, almost half of them in Iraq, the International Press Institute media watchdog said in …