Security forces continuing multi-frontal assaults at remaining LTTE fortification at Wanni and North are now gaining rapid tactical advantage leaving LTTE to near extinction, security sources said. The ground confrontations are intense and fought at a rapid phase which has ...

    Two lawyers who appeared for the two suspects in the Golden Key Credit Co case – the Finance Director and an employee of the Ceylinco Insurance -- on Tuesday told the Mount Lavinia Magistrate that Ceylinco Chairman Lalith Kotelawala ...

    About 150 journalists on Tuesday launched a protest outside the Fort Railway Station in Colombo against the pre-dawn attack on the Sirisa and MTV radio and TV station at Pannipitiya by an unknown gang. The protest was organised by ...

   Ceylinco Chairman Lalith Kotelawala on Tuesday assured the Mount Lavinia Magistrate that all depositors of the crisis-hit Golden Key Credit Card Co will be refunded their monies, even from his ‘own assets.’ His lawyer, C.R. de Silva, gave the ...

    Emergency was passed in parliament today with 106 voting for while 10 against. The JVP, NFF and an SLMC MP voted for the budget while the UNP abstained from voting. TNA voted against.

     The UNP will continue to safeguard the democratic rights of the people and will never allow LTTE terrorism to be replaced by state sponsored terrorism, said opposition leader Ranil Wickremesinghe.He was speaking to trade union activists ...

  India-based telecommunications company Bharti Airtel is expanding into Sri Lanka with a January 12 launch of 2G and 3G services.The company is investing $200m in the Sri Lankan operations. It has outsourced IT operations to IBM, while Huawei will roll ...

 Colombo’s Beach and Spa Resort on the island of Porto Santo, Portugal, will launch in July 2009. The property’s 12m euro spa will cover 48,440sq ft (4,500sq m). Facilities will include 12 indoor treatment rooms, four outdoor treatment rooms, a ...

Troops have overrun the highly fortified LTTE's second line of defence at Muhamalai, during a swift incursion made, gaining 500m odd ground territory from LTTE today (Jan 6) morning. LTTE terrorists were caught in total disarray following concentrated armour and ...

  A 79-year-old Sri Lankan grandmother won an 11th-hour reprieve from deportation so she can continue to help her daughter and family devastated by the murder of her 16-year-old grandson in Brampton."Mrs. Watte-Liyanage has been so important for the emotional welfare ...

   Lanka Cement said on Tuesday that a revival in trading operations in Colombo and Jaffna may have contributed to a sudden increase in its shares. Responding to a Colombo Stock Exchange query which sought clarification as to why there ...

  Sri Lanka’s biggest industry body, the Ceylon Chamber of Commerce (CCC), on Tuesday came out strongly against the attack on the MTV/MBC at Pannipitiya by an unknown armed gang. Saying this is the latest in a long line of threats ...