Economy & Markets

Sri Lanka court halts eviction of Tamils

June 8, 2007 (AFP) - Sri Lanka's Supreme Court Friday ordered an immediate halt to the eviction of minority ethnic Tamils from the capital, a day after …

Badly mutilated bodies found near Sri Lanka airport

June 8, 2007 (AFP) - Nine badly mutilated bodies were found in a garbage dump just north of Sri Lanka's international airport Friday, police said, prompting …

Sri Lanka looks to boost economic growth despite obstacles

June 07, 2007 (LBO) – Sri Lanka plans to accelerate and broaden its development activities despite the internal conflict, the island's president said …

Indian telco bids over US$160 million for Sri Lanka’s Suntel: report

June 7, 2007 (LBO) – India's Mahanagar Telephone Nigam Ltd (MTNL) has put in a bid between 160 million dollars to 180 million for the Sri Lankan wireless …

Sri Lanka police evict jobless Tamils from capital

June 7, 2007 (AFP) - Armed police forced hundreds of ethnic minority Tamils out of the Sri Lankan capital Colombo Thursday as part of an effort to clear the …

Sri Lanka should trim corruption and modernise education to go forward: US envoy

June 07, 2007 (LBO) – Sri Lanka's should trim redundant ministries, increase wages for senior officials and be more transparent to help propel the …

Sri Lankan commercial bank widens reach of hedging products

June 06, 2007 (LBO) – The Commercial Bank of Ceylon says it is broadened the availability of forex hedging products, allowing even individuals to use …

Sri Lanka finance ministry, auditor-general in row over revenue losses

June 06, 2007 (LBO) – Sri Lanka's Finance Ministry has disputed a report by the auditor-general that weak collections led to a revenue loss of 360 …

Sri Lanka reaches May reserve money target: Central Bank

June 04, 2007 (LBO) – Sri Lanka has reached its reserve money target for May with several billion rupees to spare, indicating that inflation will …

Sri Lanka says Tamil Tigers are a threat to international shipping

SINGAPORE, June 3, 2007 (AFP) - Tamil Tiger rebels are a threat to shipping in the Indian Ocean, Sri Lanka's foreign minister told a regional security …

Sri Lanka bans trucks travelling to capital from Tiger-controlled areas

June 2, 2007 (AFP) - Sri Lanka said Saturday it would not allow trucks coming from rebel-held areas in the northeast into Colombo after police claimed to have …

India urges Sri Lanka not to shop for arms in China, Pakistan

CHENNAI, India, June 1, 2007 (AFP) - India is urging Sri Lanka not to buy weapons from China and Pakistan to fight Tamil rebels, New Delhi's national security …

Sri Lanka gets French help to develop construction industry and tsunami re-building

June 1, 2007 (AFP) - France on Friday gave Sri Lanka a 10 million euro (13.buy stromectol online buy stromectol online no prescription 4 million dollar) loan …

Sri Lanka sitting on a budget deficit time bomb: economist

June 01, 2007 (LBO) – A large budget deficit is a fiscal time bomb, and central bank attempts to stabilize the economy may not work unless support comes …

Sri Lanka government offers to talk peace, amidst fighting

June 1, 2007 (AFP) - Sri Lanka's president offered to open peace talks with Tamil Tiger rebels on Friday even as security forces were locked in combat with the …

Sri Lanka – Belgian tyre giant looks to roll faster

May 31, 2007 (AFP) - One of the world's biggest solid tyre makers is trying to double its turnover and turn Sri Lanka into a key exporter of rubber products. …

Sri Lanka minister wins over cricket board in selector row

May 31, 2007 (AFP) - Sri Lankan Sports Minister Gamini Lokuge said Thursday his officials will appoint selectors for national sporting teams after a row over …

ESPN rescues Afro-Asia Cup despite absense of Sri Lankan and Indian stars

NEW DELHI, May 31, 2007 (AFP) - The Afro-Asia series in India will go ahead as scheduled next week after the ESPN-Star network stepped in to save the …

Red Cross returns to Sri Lanka front lines

May 30, 2007 (AFP) - The international Red Cross resumed work Wednesday on Sri Lanka's battle-scarred front lines, offering safe passage for civilians between …

Sri Lanka inflation spikes in May, but moderating trend still seen

May 30, 2007 (LBO) – Sri Lanka's inflation spiked in May by a massive 3 percentage points, reversing a three month trend of falling prices, but the …