Five family members massacred in Sri Lanka
COLOMBO, May 19, 2007 (AFP) - Five family members, including two boys aged four and eight, were hacked to death on Saturday in a town just outside the Sri …
Sri Lanka – Jordan govts and trade chambers sign new deals ahead of G11 summit
SHUNEH, Jordan, May 19, 2007 (AFP) - Heads of state and representatives of 11 developing countries meet in Jordan on Saturday to draw up a platform of …
Sri Lanka tea industry slams plan to hike export cess
May 18, 2007 (LBO) - The Colombo Tea Traders' Association (CTTA) said Friday the industry was strongly opposed to government plans to increase the tea export …
Copy Not
May 18, 2007 (LBO) – Sri Lankans are still not aware of the gravity of copyright violations, according to Viinod Nair, representative of top photo agency …
Bonus Status
May 18, 2007 (LBO) - Colombo Stock Exchange has withdrawn the approval for bonus issues of some companies, and asked twelve firms to submit fresh applications …
New Deal
May 18, 2007 (LBO) – A new deal between the buyer of Japan's NTT stake in Sri Lanka Telecom and the government is being hammered out in a way that will …
Extra Time
May 18, 2007 (LBO) -- Sri Lanka's telecom watchdog has given the island's first Internet service provider, Lanka Internet Services Ltd. online pharmacy buy …
Wolfowitz to resign as World Bank chief end-June
WASHINGTON, May 17, 2007 (AFP) - World Bank president Paul Wolfowitz bowed to weeks of pressure Thursday and agreed to step down June 30 to end a favoritism …
Sri Lanka fighting kills 20 Tamil rebels
May 17, 2007 (AFP) - Security forces shot dead at least 20 Tamil Tiger rebels in northern Sri Lanka in a fresh outbreak of fighting, the defence ministry said …
Money printing Zimbabwe central bank push inflation to 3,714% in April
HARARE,, May 17, 2007 (AFP) - Zimbabwe's annual inflation surged to 3,714 percent in April, ahead of a new pricing and incomes law approved by President Robert …
No Risk
May 17, 2007 (AFP) - Insurance rates for airlines operating to Sri Lanka are expected to remain unchanged after the government's decision to shut the airport …
Musical Chairs
May 17, 2007 (LBO) – Sri Lanka's Bank of Ceylon, Peoples' Bank and Ceylon Electricity Board is to get new chairmen, a senior presidential aide told LBO. …
Multilevel Media
May 17, 2007 (LBO) – Goldquest kingpin Vijayeswaran Vijayaratnam has financed the operation of at least two Tamil language television stations, the …
Direct Contact
May 17, 2007 (LBO) – Sri Lankan unit trusts, which collectively have an investment fund of over five billion rupees, are seeking to popularise their …
US invites world to take a look at Sri Lanka’s black gold
May 17, 2007 (LBO) - The United States supports Sri Lanka in its effort to develop off shore oil exploration, the country's ambassadore in Colombo said. buy …
Tele Record
May 17, 2007 (LBO) – Telekom Malaysia sold a small part of its 87 percent stake in Dialog Telekom Thursday, driving turnover on the Colombo bourse to an …
Wolfowitz support wanes as World Bank mulls his fate
WASHINGTON, May 16, 2007 (AFP) - World Bank directors were to continue talks Thursday on the fate of Paul Wolfowitz, amid reports the embattled president is …
Suspected Sri Lanka arms smuggling trawler sunk in Maldives
COLOMBO, May 17, 2007 (AFP) - A trawler suspected of smuggling weapons, possibly for Sri Lanka's Tamil Tiger rebels, has been sunk by the coastguard of the …
Sri Lanka’s ‘Flying Tiger’ guerilla air force will face losses within months: analyst
May 17, 2007 (LBO) – The Tamil Tiger guerilla air wing will bear losses before the year-end as the military gains technology and experience to counter …
Merchant Bank of Sri Lanka diversifies into property, personal loans
May 16, 2007 (LBO) - Merchant Bank of Sri Lanka, a subsidiary of Bank of Ceylon, is considering diversifying into property development to boost its …