Central Bank of Sri Lanka steadfast on low inflation and economic stability: Governor

May 22, 2007 (LBO) – Sri Lanka's Central Bank will diligently pursue its aim of economic and price stability and not finance the budget deficit with …

Sri Lanka clearing VAT refunds backlog, govt revenue recovering: Treasury Secy

May 22, 2007 (LBO) – Government revenue is improving and the Inland Revenue Department hopes to clear most of the backlog in value added tax refunds in …

Sri Lanka inflation may spike a little, but continue to fall: Central Bank

May 21, 2007 (LBO) – Though Sri Lanka's inflation will continue to fall with tight monetary policy, there may be spikes due to administered price rises …

Four dead in fresh violence in Sri Lanka

May 21, 2007 (AFP) - Four members of Sri Lanka's security forces were killed and five wounded in separate attacks by suspected Tamil Tiger rebels on Monday, …

Sri Lanka’s Tamil Tigers abducted us, say Indian fishermen

CHENNAI, India, May 20, 2007 (AFP) - Eleven southern Indian fishermen who went missing in March returned at the weekend alleging that they had been abducted at …

Six killed in Sri Lanka fighting

May 20, 2007 (AFP) - Six people were killed and 10 others were wounded as government troops traded fire with Tamil Tiger rebels in Sri Lanka's war-torn north, …

Sri Lanka rebels say no peace talks until fighting stops

May 20, 2007 (AFP) - Sri Lanka's separatist Tamil rebels on Sunday vowed never to return to peace negotiations unless the government halts a military campaign …

Five family members massacred in Sri Lanka

COLOMBO, May 19, 2007 (AFP) - Five family members, including two boys aged four and eight, were hacked to death on Saturday in a town just outside the Sri …

Sri Lanka – Jordan govts and trade chambers sign new deals ahead of G11 summit

SHUNEH, Jordan, May 19, 2007 (AFP) - Heads of state and representatives of 11 developing countries meet in Jordan on Saturday to draw up a platform of …

Sri Lanka fighting kills 20 Tamil rebels

May 17, 2007 (AFP) - Security forces shot dead at least 20 Tamil Tiger rebels in northern Sri Lanka in a fresh outbreak of fighting, the defence ministry said …

Money printing Zimbabwe central bank push inflation to 3,714% in April

HARARE,, May 17, 2007 (AFP) - Zimbabwe's annual inflation surged to 3,714 percent in April, ahead of a new pricing and incomes law approved by President Robert …

Suspected Sri Lanka arms smuggling trawler sunk in Maldives

COLOMBO, May 17, 2007 (AFP) - A trawler suspected of smuggling weapons, possibly for Sri Lanka's Tamil Tiger rebels, has been sunk by the coastguard of the …

Sri Lanka’s ‘Flying Tiger’ guerilla air force will face losses within months: analyst

May 17, 2007 (LBO) – The Tamil Tiger guerilla air wing will bear losses before the year-end as the military gains technology and experience to counter …

Sri Lanka appoints new minister for ports and aviation

May 16, 2007 (LBO) -- Sri Lanka Wednesday appointed Chamal Rajapakse, brother of President Mahinda Rajapakse, as the new minister of ports and aviation filling …

Sri Lanka will not depend on aid: president

May 16, 2007 (AFP) - Sri Lanka's president vowed on Wednesday not to depend on foreign aid after Britain said it would suspend debt relief to its former colony …

Sri Lanka police questioning of editor over Goldquest expose deplorable: rights body

May 16, 2007 (LBO) - Police has questioned a newspaper editor over reporting of the activities of the Goldquest scheme in Sri Lanka, and a subsequent …

Remittances rescue Sri Lanka’s balance of payments

COLOMBO, May 16, 2007 (AFP) - Sri Lanka recorded a trade deficit of 659.5 million dollars in the first quarter, but foreign remittances pushed the overall …

Sri Lanka seeks to diversify investment into agro, metal industries

May 15, 2007 (LBO) –Sri Lanka is keen on attracting investments in sectors such as agro and metal industries, the island's minister of investment …

Sri Lanka says eight rebels killed in fresh violence

COLOMBO, May 14, 2007 (AFP) - Eight Tamil Tiger rebels have been killed in fresh clashes in Sri Lanka's embattled northern and eastern regions, the defence …

Foreign aid cut fear as Sri Lanka fails on human rights

May 13, 2007 (AFP) - Sri Lanka's failure to share power with minority Tamils and put an end to extra-judicial killings have raised prospects of more aid cuts …