Lanka's search for oil begins

Sri Lanka is moving forward with its first oil exploration round, with three roadshows planned in September to present data on three blocks in the offshore Mannar basin, the Petroleum Ministry said.

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Rs. 4.2 billion up in 'smoke' each year

Smoking burns up a colossal Rs. 4.2 billion each year in Sri Lanka which also spends one-fourth of its national income on the rehabilitation of drug addicts, Programme Instructor of Sumithrayo Drug Demand Reduction Programme, Dr. Manoj Fernando said yesterday.

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JVP won't support Govt ouster

The Janatha Vimukthi Peramuna yesterday said they will not support the United National Party's attempt to topple the Government as it would put the people into more difficulty.

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Editorial: Building ethnic bridges Malaysia's Golden Jubilee Internationalisation of School Education LTTE's exploitation of truce to boost military strength bared more »	JVP won't support Govt ouster Righteousness the tribute to Tooth Relic - President Britain planning to interfere - JVP more »	Nine Tigers killed more »

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Rupee depreciation unwarranted - CB Good agricultural practices to increase tea productivity Record increase in insurance penetration more »	Bhutto expects Musharraf to quit as military chief Congressional auditors see little progress on Iraq goals South Korea draws praise, criticism for hostage deal more »	Susie keeps Lankan hopes alive A memorable double for Tyson Gay Muralitharan 'elbowed' out more »

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Rupee depreciation unwarranted - CB

The depreciation of Sri Lanka Rupee by 0.99 per cent during the past two weeks against the US Dollar is not based upon any fundamental macroeconomic factors. Export earnings continued to increase during the first half of 2007 outperforming the high growth recorded in the same period in 2006. Exports during the first half grew by 12.9 per cent from US dollars 3,162 million in 2006 to US dollars 3,569 million in 2007.

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