Gold price storms to record above 1,200 dollars

LONDON, December 1, 2009 (AFP) - The price of gold reached above 1,200 dollars an ounce for the first time on Tuesday as a weak US currency pushed up demand …

Sri Lanka’s camp inmates free to leave Tuesday: official

November 30, 2009 (AFP) - Sri Lanka will Tuesday allow thousands of civilians to leave state-run camps where they have been detained since the military's …

Sri Lanka’s camp inmates set free

VAVUNIYA, December 1, 2009 (AFP) - Tens of thousands of Sri Lankan civilians held in state-run camps following the island's ethnic conflict were allowed to …

Sri Lanka to host 2013 Commonwealth summit

SYDNEY, November 30, 2009 (AFP) - Australia unveiled Perth on Monday as the venue for the next Commonwealth summit in 2011, as the international club's latest …

Sri Lanka inflation accelerates to 2.8-pct in November

Nov 30, 2009 (LBO) - Consumer prices in Sri Lanka's capital Colombo rose 2.8 percent in November 2009 from a year earlier, against 1.4 percent in October, …

Sri Lanka’s ex-military chief declares presidential run

November 29, 2009 (AFP) - The Sri Lankan general who led troops to victory over Tamil separatists after decades of war formally announced on Sunday that he …

Sri Lanka’s ex-military chief says will run for presidency

November 28, 2009 (AFP) - Sri Lanka's ex-military chief has said he plans to run for the presidency in January elections in a bid to unseat his former boss …

Sri Lanka to hold presidential poll Jan 26: election office

November 27, 2009 (AFP) - Sri Lanka's electoral office said Friday that presidential elections would be held on January 26, with President Mahinda Rajapakse …

Sri Lanka must tackle corruption to lure investors: US envoy

Nov 27, 2009 (LBO) - Sri Lanka must act against corrupt government officials and businessmen and ensure local firms play fair with foreign companies if it …

Sri Lanka gets new tourism minister

Nov 27, 2009 (LBO) - Achala Jagoda, a parliamentarian representing the National Freedom Front, an ally of the ruling coalition has been appointed the island's …

Sri Lanka buys 10 tonnes of gold from IMF

Nov 25, 2009 (LBO) - Sri Lanka has bought 10 metric tonnes of gold for 375 million US dollars from the International Monetary Fund, following in the wake of …

Dubai’s sharp reversal of fortunes

DUBAI, November 26, 2009 (AFP) - The plan by state-owned Dubai World to suspend payments on its large debts highlights the sharp economic reversal in the …

Dubai debt fears hit world stock markets

LONDON, November 26, 2009 (AFP) - Global equities slumped Thursday, with Europe down three percent after Dubai's shock call to suspend the debt of a key state …

Sri Lanka will not collect back taxes from war torn areas: official

Nov 25, 2009 (LBO) - Sri Lanka's revenue office will not collect back-taxes from areas that have emerged from a 30-years war but will set up branches to start …

Sri Lanka needs monetary tightening to head off inflation spike: economists

Nov 25, 2009 (LBO) - Sri Lanka's inflation may top 10 percent next year unless corrective action is taken, and recent trends in the island's most widely …

Sri Lanka says move to fair value accounting difficult

Nov 25, 2009 (LBO) - The global move towards fair value accounting might prove difficult for south Asian countries as they lack active markets to support such …

Sri Lanka president calls snap election

November 23, 2009 (AFP) - Sri Lanka's president Mahinda Rajapakse Monday announced he was calling a snap election to seek a second term, six months after his …

Sri Lanka ex-military chief to run against president: party

November 24, 2009 (AFP) - Sri Lanka's former military chief, General Sarath Fonseka, will challenge his ex-boss President Mahinda Rajapakse in upcoming …

Iran gained 5 billion dollars by euro switch: banker

TEHRAN, November 23, 2009 (AFP) - Iran's central bank chief said on Monday that the country has gained five billion dollars by replacing the US dollar with the …

Sri Lanka to hold early presidential polls: minister

November 23, 2009 (AFP) - Sri Lanka will hold early presidential elections within months, media minister Anura Yapa told reporters on Monday, after government …