Chinese ship seized as Somali piracy drifts East
NAIROBI, October 19, 2009 (AFP) - Somali pirates hijacked a Chinese bulk carrier Monday northeast of the Seychelles in the Indian Ocean, as the marauding sea …
Other
Court Action
Oct 20, 2009 (LBO) - The Securities and Exchange Commission (SEC) said one of the accused in its case against senior executives of Singalanka Standard …
Good Faith
Oct 19, 2009 (AFP) - Sri Lankan-born hedge fund billionaire Raj Rajaratnam was investigated for allegedly funding Tamil Tiger rebels, but there was no evidence …
Ethnic Support
VANCOUVER, October 19, 2009 (AFP) - The Canadian Tamil Congress said Sunday its lawyers will represent dozens of illegal migrants arrested on a mystery ship …
Suspect Donations
Oct 19, 2009 (LBO) - Sri Lanka is continuing investigations into financial support given to a Tamil charity with alleged terrorist links by a US hedge fund …
Repayment Hitch
Oct 18, 2009 (LBO) - A repayment plan proposed for Ceylinco Shriram Capital Management Services, a unit of Sri Lanka's troubled Ceylinco group has been …
Wealthy Donor
WASHINGTON, October 18, 2009 (AFP) - A US-based hedge-fund billionaire charged as part of an insider-trading case was investigated by US authorities for …
Maldives leader turns stuntman to fight climate change
MALE, October 18, 2009 (AFP) - Maldivian President Mohamed Nasheed, who staged the world's first underwater cabinet meeting at the weekend, is emerging as the …
Inside Deals
NEW YORK, October 16, 2009 (AFP) - US authorities Friday charged a billionaire hedge fund manager and five others with insider trading that netted 20 million …
India’s richest man wins govt praise for pay cut
NEW DELHI, October 17, 2009 (AFP) - India's government has praised a decision by India's richest businessman Mukesh Ambani to take a 66 percent pay cut after …
Maldives ministers set for underwater cabinet meeting
MALE, October 17, 2009 (AFP) - The government in the Maldives is set to hold its first underwater cabinet meeting Saturday to attract international attention …
Sri Lanka high grown tea prices rise
Oct 16, 2009 (LBO) - Prices of Sri Lanka's high grown teas rose at this week's Colombo auctions with brokers saying the market is likely to remain buoyed by a …
Obama signs huge Pakistan aid package into law
WASHINGTON, October 16, 2009 (AFP) - President Barack Obama signed a 7. buy singulair online …
Stand-off
MERAK, October 16, 2009 (AFP) - Two asylum-seekers were hospitalised Friday from a boatload of 255 Sri Lankans who have declared a hunger strike in Indonesia …
Securities Charge
Oct 16, 2009 (LBO) - Galleon group chief Raj Rajaratnam, a top equity markets investor in Sri Lanka, and five others have been charged in a 20 million US …
Sri Lanka plantations real wage rates stagnant for years
Octo 15, 2009 (LBO) - Real wage rates earned by Sri Lanka's plantations workers had been virtually stagnant for years, according to a report by a think tank. …
Obama holds new war cabinet talks on Afghanistan
WASHINGTON, October 15, 2009 (AFP) - US President Barack Obama huddled with his war council Wednesday for the fifth time, debating whether to send thousands …
Indian car exports surge 36-pct in H1 of 2009-10
NEW DELHI, Oct 14 Asia Pulse - Indian car exports in the first half of this fiscal year jumped by 35.73 per cent as major makers like Hyundai Motor and Maruti …
Indian Ocean nations conduct mass tsunami drill
ULEE LHEUE, October 14, 2009 (AFP) - Sirens wailed and crowds fled across Indian Ocean nations Wednesday in a mass drill simulating a giant tsunami similar to …
False Gold
Oct 14, 2009 (LBO) - Sri Lanka's central bank has warned the public against persons claiming to have been authorized to sell gold belonging to the monetary …