Sri Lanka ex army chief gets luxury jail treatment: president

NEW DELHI, February 20, 2010 (AFP) - Sri Lanka's president says arrested ex-army chief and defeated presidential candidate Sarath Fonseka is getting …

Fed hikes rate on discount window amid easing financial crisis

WASHINGTON, February 18, 2010 (AFP) - The US Federal Reserve said Thursday it was increasing the interest rate it charged on emergency loans to banks in a move …

Sri Lanka monks complain of government pressure

February 19, 2010 (AFP) - Sri Lanka's top Buddhist monks called off a special gathering this week because of government pressure, a spokesman said Friday, …

Oil Slick

Feb 18, 2010 (LBO) - Lanka IOC, a unit of the Indian Oil Corporation, said it was making ship oil or bunker deliveries from Colombo port through locally …

Fuel Fortunes

Feb 17, 2010 (LBO) – The Sri Lanka unit of Indian Oil Corporation said it made a ˜nominal’ profit in the December quarter compared with a loss a …

Sri Lanka draws Chinese investors

Feb 17, 2010 (LBO) – A Chinese economic delegation from its Yunnan province is visiting Sri Lanka to study the economic and investment climate in Sri …

Sri Lanka policy rates frozen amid debt monetization, inflation

Feb 16, 2010 (LBO) - Sri Lanka has held policy rates steady in February as inflation accelerated, the budget deficit expanded and excess bank reserves were …

Sri Lanka’s opposition files court challenge to president

February 16, 2010 (AFP) - Sri Lanka's former army chief and defeated presidential candidate Sarath Fonseka on Tuesday petitioned the Supreme Court challenging …

Sri Lanka lawyers criticise government over crackdown

February 15, 2010 (AFP) - Lawyers in Sri Lanka accused the government Monday of illegally suppressing protests at the arrest of former army chief Sarath …

Sri Lanka budget deficit hit 8.5-pct of GDP for 10-months

Feb 15, 2010 (LBO) - Sri Lanka's budget deficit has hit an estimated 8.5 percent of gross domestic product (GDP) in the first ten months of the year, despite a …

EU to cut Sri Lanka trade benefits over rights

BRUSSELS, February 15, 2010 (AFP) - European Union nations decided Monday to withdraw preferential trade benefits from Sri Lanka due to "significant …

Sri Lanka monks back arrested ex-army chief

February 14, 2010 (AFP) - Leaders of Sri Lanka's influential Buddhist clergy backed opposition demands Sunday for the immediate release of former army chief …

Sri Lanka president dismisses concern over rival’s arrest

February 13, 2010 (AFP) - Sri Lanka's president said Saturday there was no reason for concern over the arrest and detention of ex-army chief and defeated …

Sri Lanka opposition urges Rajapakse to free rival

February 12, 2010 (AFP) - Sri Lanka's main opposition pressed President Mahinda Rajapakse on Friday to release detained presidential candidate and former army …

Sri Lanka slammed by rights group over Fonseka court martial

February 11, 2010 (AFP) - A regional human rights group sharply criticised Sri Lanka Thursday over plans to court martial the island's former army chief on …

Sri Lanka’s defeated presidential candidate urges calm

February 11, 2010 (AFP) - Sri Lanka's former army chief and defeated presidential candidate Sarath Fonseka has appealed for calm, his wife said Thursday, after …

Sri Lanka police break up protest over Fonseka arrest

February 11, 2010 (AFP) - Sri Lankan police used batons and tear gas Thursday against protesters demanding the immediate release of defeated presidential …

India urges fair trial for Sri Lankan ex-army chief

NEW DELHI, February 11, 2010 (AFP) - India urged Sri Lanka on Thursday to follow "due process" in its prosecution of Sri Lanka's former army chief and defeated …

Sri Lanka IMF program to depend on budget: resident rep

Feb 11, 2010 (LBO) - The International Monetary Fund is looking at the direction of fiscal reforms to be set by a budget in April to continue its program in …

UN chief alarmed by fate of Sri Lanka’s Fonseka

UNITED NATIONS, February 9, 2010 (AFP) - UN chief Ban Ki-moon is alarmed by the arrest of Sri Lanka's defeated presidential candidate Sarath Fonseka and urged …