Sri Lanka shares recover
July 08, 2010 (LBO) - Sri Lankan stocks closed higher Thursday, recovering after five consecutive trading days of losses with a private deal in shares of a …
Nearly Docked
July 8, 2010 (LBO) - A deal to build a container terminal in an expanded Colombo port will be awarded to a China - Sri Lanka consortium within 'two to three …
Capital Needs
July 8, 2010 (LBO) - Merchant Bank of Sri Lanka, a unit of state-run Bank of Ceylon, may need to inject new capital into a troubled savings bank and insurance …
Sri Lanka draws cruise ships after end of war
July 08, 2010 (LBO) - Sri Lanka is once again becoming an attractive destination for cruise ship operators with the end of a 30-year ethnic war, the head of …
Security Change
July 08, 2010 (LBO) - Sri Lanka is rapidly removing military checkpoints and transferring public security to the police to return the country to normalcy after …
Sri Lankan Airlines to set up flight simulator centre with Dutch firm
Computer Play July 08, 2010 (LBO) - SriLankan Airlines will set up a flight simulator centre with SIM Industries of the Netherlands targeting the growing South …
SriLankan Airlines launches Shanghai, China flights
July 08, 2010 (LBO) - Sri Lankan Airlines has launched its four-times a week service to Shanghai, China's commercial capital, which the airline says is the …
Sri Lanka apparel industry downplays loss of EU trade deal
July 08, 2010 (LBO) - The end of a trade deal giving duty free market access to Europe will not be a 'catastrophe' though it would squeeze already thin profit …
Sri Lanka UN representative recalled amid war crimes row
UNITED NATIONS, July 8, 2010 (AFP) - UN chief Ban Ki-moon recalled Thursday his main representative in Sri Lanka and closed down offices in Colombo that have …
Sri Lankan stocks plunge 1.68-pct
July 07, 2010 (LBO) - Sri Lankan stocks plunged 1.6 percent Wednesday as retail buyers sold out amid weak support institutional buyers and state funds stayed …
Cargo Flow
July 07, 2010 (LBO) - Container volume growth at a Colombo port private terminal run by an associate firm of John Keells Holdings slowed down sharply in June …
Sri Lanka top tea brand invests in plantations
July 07, 2010 (LBO) – Tea bag exporter Ceylon Tea Services, part of Sri Lanka's Dilmah brand group, is to invest 233.3 million rupees in a tea …
Maldives president reappoints cabinet : official
July 7, 2010 (AFP) - Maldivian President Mohamed Nasheed on Wednesday reappointed his cabinet in a bid to end the power struggle between himself and …
Bangladesh sex workers plump up on cow steroids
FARIDPUR, July 7, 2010 (AFP) - Whenever Bangladeshi brothel owner Rokeya, 50, signs up a new sex worker she gives them a course of steroid drugs often used to …
Sri Lanka buys out Emirates for US$53mn
July 07, 2010 (LBO) - The Sri Lankan government has bought a stake owned by Emirates in SriLankan Airlines for 53 million dollars taking full control of its …
Sri Lanka’s retiring Muralitharan says his time is up
NEW DELHI, July 7, 2010 (AFP) - Sri Lanka's world bowling record holder Muttiah Muralitharan said on Wednesday he was retiring from Test cricket because he had …
Sri Lanka to push up investment levels with stability, low deficits: Treasury secretary
July 07, 2010 (LBO) - Sri Lanka will maintain public investment at around 6 percent of gross domestic product and will attempt to kindle private investment …
Sri Lanka developing concept plan for Colombo
July 07, 2010 (LBO) - Sri Lanka is drawing up a concept plan to develop Colombo city, clear under-utilized area, reclaim land from the sea and open them for …
Sri Lankan stocks close down 0.25-pct
July 06, 2010 (LBO) - Sri Lankan shares closed down Tuesday as retailers took defensive positions to minimize losses, while price gains on selected blue chip …
Better Connection
July 06, 2010 (LBO) – Dialog Telekom has inked an Inter-Carrier-Interconnection (ICI) deal with Hong Kong based HKT group which enable users to maintain …