Businessman found dead in Nittambuwa hotel

Boat with 70 people missing

A boat with at least 70 people is reported to have gone missing after it left Mirissa and was heading to Australia last week. The boat with mostly Tamils had left on July 17th and is believed to have faced engine trouble halfway through the journey, our reporter in the area said. The navy is not aware of the incident but family members are worried about those who had attempted to make the illegal journey by boat to Australia. The attempt to reach Australia by boat came despite the announcement t

23 Jul, 2013

Museum suspects given bail

The Colombo Fort Magistrate Gihan Pilapitya granted bail to the suspects in Colombo Museum robbery case. All except the main suspect were freed on Rs. 1 Million personal bail by the Magistrate when they were produced in court today. The Colombo National Museum was broken into in March last year and some historic items belonging to country`s last kings were stolen. Among the items stolen were several gold-embedded swords, gold rings, gem and jewel-embedded handles of walking sticks and some other

23 Jul, 2013

Moody’s hails Lanka’s policy

Moody’s Investors Service says that the policies of the government have stabilized Sri Lanka’s (B1 stable) overall credit profile, although benefits from the post-civil war peace dividend have waned. Moody’s assessment was contained in its annual “Credit Analysis Sri Lanka” which assesses economic strength as low; institutional strength as moderate; government financial strength as low; and susceptibility to event risk as moderate. Sri Lanka’s B1 sovereign bond rating reflects Moody’s methodolog

22 Jul, 2013