Sri Lanka`s Ceylon Petroleum Co shuts refinery unit -source

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Sri Lanka`s Ceylon Petroleum Co (Ceypetco) has unexpectedly shut a unit at its 50,000 barrels-per-da.. Read the Full Article

Indian realty conference in Sri Lanka generates over US$ 70 million business inquiries

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Apr 30, Colombo: India Investrade 2012: An exposition and Buyer Seller Meet on Realty Construction & Construction Materials' held at the BMICH in Colombo from 26-28 April, 2012 has been a huge success generating over US$ 70 million worth business inquiries for Indian companies, the Indian High Commission in Colombo said in a release Monday. Read the Full Article

Sri Lanka declares National Ranaviru Commemoration Month to honor war heroes

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Apr 30, Colombo: Sri Lanka today launched the National Ranaviru Commemoration Month to honor the war heroes at a ceremony took place at the Temple Trees under the patronage of President Rajapaksa. Read the Full Article

Bribery case against former MP of Sri Lanka’s major opposition to be heard without the defendant

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Apr 30, Colombo: Colombo High Court judge Bandula Kumara Athapattu ordered to hear a bribery case against former MP of United National Party (UNP) without the presence of the defendant. Read the Full Article

Sri Lanka police question journalists over a news item on politician’s daughter

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Apr 30, Colombo: The Colombo Crime Division today (April 30) questioned two journalists over a news article on Hirunika Premachandra, the daughter of the slain official of President Bharatha Lakshman Premachandra. Read the Full Article

India, Sri Lanka and Maldives conduct joint Coast Guard exercise

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Apr 30, Colombo: The Coast Guards of India, Sri Lanka and Maldives participated in a joint exercise named "Dosti XI" in Maldives from 23 to 27 April 2012, High Commission of India in Colombo said in a press statement today. Read the Full Article

Sri Lanka takes necessary steps to stabilize foreign exchange rate

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Apr 30, Colombo: Sri Lanka is taking necessary steps to stabilize the foreign exchange rate, the Secretary to the Treasury Dr. P.B. Jayasundara told the media on Monday. Read the Full Article

Sri Lanka inflation climbs up in April on food prices

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Apr 30, Colombo: Sri Lanka's inflation as measured by consumer prices in Colombo jumped to a seven-month high in April, figures released Monday by the Statistics Department of the Central Bank showed. Read the Full Article

US seeks 15-year sentence for Canadian Tamil charged of supporting Sri Lanka’s LTTE

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Apr 30, Colombo: The United States Department of Justice is seeking a 15-year prison sentence for a Canadian Tamil man who pleaded guilty in a United States district court to charges of conspiring to provide material support to Sri Lanka's Tamil Tiger terrorist group Liberation Tigers of Tamil Eelam , a proscribed organization in the U.S. Read the Full Article

Human rights situation in Sri Lanka remains concern for UK

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Apr 30, London: While the Sri Lankan government has made progress in rehabilitation and reintegration of former Liberation Tigers of Tamil Eelam (LTTE) fighters back into society and in post-conflict reconstruction and resettlement of the displaced, human rights remained a serious concern, the United Kingdom said in a report released Monday. Read the Full Article

World Bank member considering US$ 9 million loan for waste-to-energy project in Sri Lanka

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Apr 30, Colombo: The International Finance corporation (IFC), a member of the World Bank Group, is considering providing a financing package of up to US$ 9 million for a project to convert solid waste to energy in Sri Lanka's Western Province. Read the Full Article

Media Barred from court

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Media personnel who were at the Pelmadulla Magistrate’s court to cover the proceedings of the Kahawatta double murder case were ordered to leave the court house saying that they are a disturbance to the court proceedings.
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No room should be allowed for communalism in Sri Lanka again - Opposition Leader

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Apr 30, Colombo: Opposition and United National Party (UNP) Leader of Sri Lanka Ranil Wickremasinghe says that there should not be any room for communalism in the UNP or in the country. Read the Full Article

Renovation work on Sri Lanka’s main north-south A9 highway 50 percent completed

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Apr 30, Colombo: The Sri Lankan government says that 50 percent of the renovation work of the main north-south A9 highway has been completed. Read the Full Article

‘Karuna’s Eelam: Tactic to divert attention’

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DMK chief M. Karunanidhi has revived his pet theme — establishing a separate Eelam (homeland) for the Tamils of Sri Lanka
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‘Karuna’s Eelam: Tactic to divert attention’

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DMK chief M. Karunanidhi has revived his pet theme — establishing a separate Eelam (homeland) for the Tamils of Sri Lanka
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Controversial Sri Lankan minister ready to quit if corruption charges against him are proven

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Apr 30, Colombo: A Sri Lankan government minister says that he would quit his position in the legislature if corruption charges leveled against him are proven. Read the Full Article

Sri Lanka employers seek to shift focus towards a more proactive employment relationship

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Apr 30, Colombo: Director General of Employers Federation of Ceylon (EFC) Ravi Peiris issuing a statement to mark the May Day emphasized the need for progressive labor legislation if Sri Lanka is to successfully manage the inevitable changes in the world of work. Read the Full Article

Devolution: More questions than answers

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Those who try to find a remedy for Sri Lanka`s ethnic ills make the mistake of concentrating solely .. Read the Full Article

Nine UNP MPs to attend rebels Colombo rally

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Seven UNP Parliamentarians identified as reformists will defy the party and take part in the 19th co.. Read the Full Article

NSB pays premium to buy 13% of The Finance

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Country’s savings giant, National Savings Bank (NSB) bought 13 percent of The Finance Company PLC (TFC) last Friday for a sum of Rs.393 million, becoming another state owned institution that has paid an unusually high price on controversial stocks
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NSB pays premium to buy 13% of The Finance

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Country’s savings giant, National Savings Bank (NSB) bought 13 percent of The Finance Company PLC (TFC) last Friday for a sum of Rs.393 million, becoming another state owned institution that has paid an unusually high price on controversial stocks
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We have to tell the people what we ll do… not India

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Economic Development Minister Basil Rajapaksa who is once again playing a central role in directing .. Read the Full Article

Minister suggests exporting Sri Lanka`s surplus rice and vegetables

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Economic Development Minister of Sri Lanka Basil Rajapaksa says that measures should be taken to exp.. Read the Full Article

Rupee dips to record low

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Recovers at end on CB intervention of US$ 5mn CB prevents further rupee fall by moral suasion.. Read the Full Article