Seylan Bank makes profits, plans rights issue

Seylan Bank which has earned a profit of Rs. 256 million during the 1st quarter of this year is planning to go in for a rights issue to raise Rs. 4.69 billion.
Accordingly, the Bank will issue 43.33 million of ordinary voting shares and 41.18 million of non voting shares.
It is planning to propose this move [...]

US suspends visa operations from Pakistan, following Osama killing

Islamabad: The United States has indefinitely suspended visa operations from Pakistan.
An embassy note here said: “The U.S. Embassy in Islamabad and the Consulates in Peshawar, Lahore, and Karachi are closed for ROUTINE BUSINESS to the general public until further notice. (i.e. visas, etc.) The Embassy and Consulates remain open for other business and for [...]

Yehali, the woman by Sangakkara’s side

By Keerthana Srinivasan

Hyderabad: We are all familiar with the cricketing super-star, Kumar Sangakkara — currently, captain of the Deccan Chargers team and former captain of the Sri Lankan team; but not much is known about the woman behind the man — his wife, Yehali Sangakkara!
Though Kumar has always been destined for great things in life; [...]

Step-by-step: How the U.S. killed Bin Laden

Soon after coming to office, President Obama made it clear that killing or capturing Bin Laden was one of his highest national security priorities.
But it wasn’t until last summer that intelligence officials caught a break in their pursuit.
In September 2010, the CIA presented Obama with a set of assessments that indicated Bin Laden could be [...]

President chairs Disaster management meeting

The fifth meeting of the National Council for Disaster Management was held this morning at the Temple Trees.
The meeting was chaired by President Mahinda Rajapaksa.
Government minister’s and public sector officials were present at the occasion.

Sri Lanka gets more remittances from Middle East and Europe

Sri Lankans living in European region are the second biggest remitters of foreign exchange to the country, behind the Lankans living and working in the Middle East, who account for a major portion of the total remittances.
In 2010, Sri Lankans living in Europe have remitted 22% or nearly US$ 900 million out of US$ 4.1 [...]

Hashan should work with ACSU to unearth the truth: Sangakkara

Reacting to former Sri Lanka captain Hashan Tillakaratne’s comments that match fixing has existed in Sri Lankan cricket since 1992, Kumar Sangakkara on Sunday said the former should work with the ACSU unit of the ICC and the home authorities in Sri Lanka if he has “anything more than allegations, as it’s dangerous to throw [...]

Osama bin Laden, killed in Pakistan

Osama Bin Laden, has been killed in Pakistan, U.S. officials said Sunday night.
Bin Laden was the leader of al Qaeda, the terrorist network behind the September 11, 2001, attacks on the United States. U.S. officials said that their forces have the body of bin Laden.
The enormity of the destruction — the World Trade Center’s towers [...]

IPL-style tournament in Sri Lanka

Sri Lanka is planning to kick of an IPL style tournament starting from July this year.
The event which will be organized by Someret Entertainment Ventures will see seven provincial sides competing in the league.
Titled as “Sri Lanka Premier League Twenty20 competition”, the tournament will see nearly 35 international star’s in action.
According to media reports, Sanath [...]

China urges international community not to complicate Sri Lanka issue

China said Saturday that it believes the Sri Lankan government and people will handle properly problems concerning its civil war and urged the international community not to complicate the issue.
Foreign Ministry spokesman Hong Lei made the remarks when asked to comment on a panel report on armed conflicts in Sri Lanka published by the United [...]