Top News

• Sri Lanka controversial stock sale to state bank reversed

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  Sri Lanka’s securities regulator said it had allowed state-run National Savings Bank to return stock bought in a controversial deal at an inflated price to the sellers outside the trading floor.

  

• Sri Lanka to probe war abuses on its own, presents reconciliation plans to US

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  Sri Lanka says it will conduct its own investigation into rights abuses during the final months of the island nation’s civil war when thousands of civilians reportedly died, dismissing the need for an international tribunal.

  

• Sri Lanka on Tiger Airways Asian promotion

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  Singapore based Tiger Airways, a budget carrier, said it was kicking off a promotion to Asian destinations in June as it adds Sri Lanka to its network.

  

• Sri Lanka to build marinas to promote boat building industry

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  Sri Lanka is to build marinas for private boat parking in order to promote boating culture and support emerging boat building industry, a minister said on Friday.

  

• U.S. 'encouraged' by Sri Lanka moves on Iran oil

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  The United States is encouraged by Sri Lanka's drive to cut its oil imports from Iran, the U.S. State Department said on Friday in a positive assessment of the island nation's efforts to escape potential U.S. sanctions.