Sri Lanka tea crop hit by heavy rains
July 09, 2013 (LBO) - Sri Lanka's tea crop has been hit badly by heavy rain in June with some estates seeing production falling to less than half and losses in …
India market regulator seeks to halt rupee slide
NEW DELHI, July 9, 2013 (AFP) - India's financial markets regulator on Tuesday sought to halt the slide of the rupee by restricting speculative trading in the …
Indian rupee tumbles to new record low
MUMBAI, July 8, 2013 (AFP) - India's rupee slid to a new record low against the dollar Monday as the greenback was boosted by stronger than expected US jobs …
Cricket: Two Sri Lanka umpires banned over TV sting
COLOMBO, July 9, 2013 (AFP) - Sri Lanka cricket bosses on Tuesday banned two umpires named by an Indian television programme last year that claimed they were …
Cricket: Sri Lanka weather the storm to beat WIndies
PORT OF SPAIN, July 8, 2013 (AFP) - Sri Lanka weathered a middle-order revival by the West Indies and held on for a 39-run victory on the Duckworth/Lewis …
India pushes Sri Lanka to share power with Tamils
July 9, 2013 (AFP) - India urged Sri Lanka Tuesday to honour international pledges and share political power with ethnic Tamils after Colombo signalled it will …
Sri Lanka fisheries, port industries eyed by Russia: biz association
July 09, 2013 (LBO) - Russian investors are looking at Sri Lanka's fisheries, agriculture and port industries in Trincomalee, a country's senior envoy had said …
Sri Lanka rupee weak, excess liquidity high
July 08, 2013 (LBO) - Sri Lanka rupee weakened Monday and quotes in the spot market dried up following moral suasion dealers said, as high levels of liquidity …
Sri Lanka stocks down 0.8-pct
July 08, 2013 (LBO) - Sri Lanka's stocks closed 0.68 percent lower Monday, amid losses in diversified companies and banking stocks, down 8.0 percent from a May …
Sri Lanka Jetwing group private equity raising on track
July 08, 2013 (LBO) - A private equity raisin for four greenfield hotels is underway with local investors and a foreign investor coming on board, but the …
India police make arrest, study CCTV over temple bombs
PATNA, July 8, 2013 (AFP) - Indian police arrested a man on Monday over the weekend attacks at the historic Bodh Gaya Buddhist temple complex and were studying …
Maldives president pledges to work with Islamists
COLOMBO, July 7, 2013 (AFP) - Maldivian President Mohamed Waheed pledged Sunday to work with the main Islamic party ahead of upcoming elections, and rejected …
Top retailers, unions to inspect Bangladesh factories
DHAKA, July 7, 2013 (AFP) - Seventy top retailers have pledged to improve worker safety and allow inspection of all of their garment factories in Bangladesh …
Sri Lanka to start building 35MW hydro plant on July 15
July 8, 2013 (LBO) - Sri Lanka will begin building a 35 MegaWatt 'Broadlands' hydro power plant, on July 15 in Polpitiya, Kithulgala, the power ministry said. …
Sri Lanka IPP puts 48MW of expired power plants on sale
July 08, 2013 (LBO) - Sri Lanka's Aitken Spence Power, a unit of Sri Lanka's Aitken Spence group has put two 24 MegaWatt plants for which power purchase …
Oil Bid
July 8, 2013 (LBO) - Ceylan Energy, a Sri Lanka based start-up oil firm will bid for an exploration block, partnering with international operators, a media …
Blasts at one of Buddhism’s holiest sites: India police
PATNA, July 7, 2013 (AFP) - Indian police reported multiple low-intensity blasts at the Bodh Gaya Buddhist temple complex on Sunday, saying two people had been …
Sri Lanka gaming resorts could add $900mn to tourism revenues: report
July 06, 2013 (LBO) - Sri Lanka's gaming industry could generate 900 million US dollars a year with only two 500-room integrated resorts, upping rates of city …
Police Probe
July 5, 2013 (AFP) - Sri Lanka's police arrested 12 commandos in connection with the execution-style killing of five students during the island's Tamil …
Gulls feasting on whales? In Argentina, yes
ALDES PENINSULA, July 6, 2013 (AFP) - It's a weird, lopsided fight if ever there was one: seagulls divebombing to attack and feed on the fat of 50-ton whales …