Normal Light

August 27, 2007 (LBO) – The powerful engineers union of Sri Lanka's state-owned electricity utility has temporarily suspended industrial action started …

Sri Lanka’s biggest Buddhist pageant goes ahead despite bomb scare

Aug 26, 2007 (AFP) - Sri Lanka police Sunday defused a powerful bomb near the route of a major Buddhist festival in the sacred city of Kandy, officials said. …

Sri Lanka defence analyst silenced amid fears for life

Aug 26, 2007 (AFP) - A top Sri Lankan defence columnist stopped writing fearing for his life after he exposed alleged corruption in the purchase of second-hand …

Sri Lanka property bubble on the bursting path

August 25, 2007 (LBO) - Sri Lanka’s land and condominium price bubble which has now peaked may pop with buildings now under construction expected to …

Ease emergency laws, media rights group tells Sri Lanka

Aug 24, 2007 (AFP) - A media rights group Friday urged Sri Lanka to ease emergency laws that curtail freedom of expression and warned of worsening conditions …

Sri Lankan corporates form alliance to combat HIV/AIDS

Aug 23, 2007 (LBO) – Sri Lankan companies have formed a business coalition on HIV/AIDS saying increasing awareness and gearing up workplaces to handle …

Black Line

August 23, 2007 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation, has returned to profitability in the June quarter, posting 490 million rupees in …

Money printing Zimbabwe eases price controls after shortages

HARARE, Aug 22, 2007 (AFP) - Zimbabwe's government has authorised retailers to raise the prices of basic goods in order to ease widespread shortages which …

Sri Lanka central bank defends John Exter and itself against tide of criticism

August 21, 2007 (LBO) – Sri Lanka's central bank law, devised by an international economist famed for his monetary prudence, has in-built safeguards to …

Sri Lanka hosts anti-terrorism meet to highlight plight of victim states

August 17, 2007 (LBO) – A top French anti-terrorism judge and leading conflict specialists are among speakers at a counter-terrorism conference to be …

Sri Lanka trade deficit narrows in first half 2007, oil imports down

August 16, 2007 (LBO) – Sri Lanka's trade deficit has narrowed 12 percent and oil imports had fallen 8 percent in the first half of 2007, the central …

Crack Spread

August 16, 2007 (LBO) – The Ceylon Petroleum Corporation which runs Sri Lanka's only refinery has hedged the crack margin of a portion of its diesel and …

Acid attack on Sri Lanka journalist

COLOMBO, Aug 16, 2007 (AFP) - A Tamil reporter suffered burns on his face, arms and back after attackers threw acid at him in Sri Lanka's capital Thursday in …

Sri Lanka Tamils pressured to stop court cases: rights group

Aug 16, 2007 (AFP) - The government of Sri Lanka is pressuring minority Tamils to withdraw court cases against the authorities for forcibly evicting them from …

Sri Lanka FM disowns “terrorist” accusation against UN official

August 16, 2007 (LBO) – Sri Lanka's foreign minister, Rohitha Bogollagama, Thursday disowned a Cabinet colleague's accusation that a UN official who …

Amnesty says over 5,700 ‘disappearances’ in Sri Lanka

Aug 14, 2007 (AFP) - Hundreds of people disappeared in Sri Lanka in the past year and more than 5,700 such cases from the past three decades were under UN …

Sri Lanka minister calls UN official ‘terrorist’

Aug 15, 2007 (AFP) - A Sri Lankan minister Wednesday described a top UN official as a "terrorist" after accusing him of supporting the country's separatist …

Sri Lanka official forex market see ‘black market’ as rupee tumbles

August 15, 2007 (LBO) – Sri Lanka's forex markets are defying fundamental economic principles with bids creeping above offer prices in what analysts see …

Swapping Risk

August 14, 2007 (LBO) – The Ceylon Petroleum Corporation (CPC), Sri Lanka's state-owned petroleum firm has used a leveraged swap to hedge a small part of …

Sri Lanka hosts international AIDS conference, chance to share techniques

Aug 14, 2007 (LBO) – Sri Lanka's health sector will have the opportunity to study and adopt new techniques in the long term battle against HIV/AIDS …