Sri Lanka’s inflation rate climbs to 17.7% in June
June 30, 2006 (LBO) – Sri Lanka's inflation rate for June jumped to 17.7 percent, official figures showed Friday, spurring concerns that the Central Bank …
Default Hit
June 29, 2006 (LBO) - Small Sri Lankan banks are facing the threat of weaker credit ratings, following a government move to lift a law that allows banks to …
Off Range
June 29, 2006 (LBO) – Sri Lanka’s cabinet has agreed clear up frequency spectrum on few bands, as the government looks to attract new operators to …
Space clothes saving the lives of Earthlings
PARIS, June 29, 2006 (AFP) - From bras and babysuits equipped with monitors to tough suits to protect sportsmen and adventurers from the hazards of life on …
Sri Lankan president consolidates power
June 29, 2006 (AFP) - Sri Lankan President Mahinda Rajapakse was Thursday elected the all-powerful leader of his party, replacing a scion of the Bandaranaike …
Sri Lanka warns Norway over truce deal as deadlock drags on
June 29, 2006 (AFP) - Sri Lanka warned peace broker Norway against any deal with Tamil Tiger rebels, just before Nordic nations ended a meeting Thursday …
Sri Lanka truce monitors to hold crisis talks
OSLO, June 29, 2006 (AFP) - Five Nordic nations held talks here Thursday to try to salvage Sri Lanka's faltering ceasefire, as the slaying of a top army …
Light Savings
June 29 (LBO) – All consumers who save electricity will get a 10 percent discount on their next bill, while low usage will also be rewarded with free …
Sri Lanka central bank responds to media reports over superannuation fund.
June 29, 2006 (LBO) – Sri Lanka’s Central Bank, which is the custodian of the superannuation fund of the country's private sector workforce said …
Sri Lanka’s economy expands 8.1% first quarter: Central Bank
June 29, 2006 (LBO) – Sri Lanka's 24-billion dollar economy expanded by 8.1 percent during the first quarter of this year, ahead of a recent government …
Killings slow Sri Lanka’s economic drive: World Bank
June 29, 2006 (LBO) – Sri Lanka's deteriorating security situation is undermining growth and slowing the island's attempts to snap out of the poverty …
High Altitude
June 28, 2006 (LBO) – SriLankan Airlines said Wednesday group net profit in the year to March rose nearly 50 percent annually to 2.04 billion rupees over …
Nest Egg
June 28, 2006 (LBO) - A collective agreement covering the salaries and benefits of the state bank employees is due to be signed Thursday, Sri Lanka's largest …
More Goodies
June 28 (LBO) – Sri Lanka™s Board of Investment has re-done its tax incentive scheme with an emphasis on off-shore investments and large scale …
Housing King
June 28, 2006 (LBO) – HDFC Bank, the island's largest housing bank, plans to expand its core business with moves to get into property development, an …
Welcome Back
June 28, 2006 (LBO) – India has asked Sri Lankan vanaspati manufacturers to begin exports of the vegetable oil under new controls, amidst trade talks …
Sri Lanka demands Tiger apology over Gandhi slaying, says ‘regret’ not enough
June 28, 2006 (AFP) - Sri Lanka Wednesday demanded the Tamil Tigers apologise for the 1991 assassination of former Indian premier Rajiv Gandhi, saying their …
Five sailors killed in Sri Lankan naval clash
June 28, 2006 (AFP) - Five Sri Lankan sailors were killed and three wounded in an exchange of fire with Tamil Tiger boats in the island's northwest, the …
Hundreds gather for funeral of slain Sri Lankan general
June 28, 2006 (AFP) - Hundreds gathered Wednesday for the sunset funeral of a top Sri Lankan army general who was assassinated earlier in the week amid ongoing …
Tigers, navy clash as bomb scares panic Sri Lankan capital
June 28, 2006 (AFP) - Tamil Tiger rebels clashed with a naval patrol and mortared military positions in the restive north Wednesday as schools in the capital …