Punished
WASHINGTON, August 2, 2013 (AFP) - Three convicted Somali pirates escaped the death penalty Friday when a US jury sentenced them to life in prison for the …
Industry
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Tele Net
Aug 03, 2013 (LBO) - Profits at Sri Lanka's Dialog Axiata rose 11 percent to 950 million rupees in the June 2013 quarter, amid forex losses coming from …
Sri Lanka JKH hotel unit in the red
Aug 02, 2013 (LBO) - Top Sri Lankan hotel operator, John Keells Hotels Plc, slipped into the red in the June 2013 quarter amid a tourism boom losing 102 …
Sri Lanka JKH to raise equity, foreign debt for casino resort
Aug 02, 2013 (LBO) - Sri Lanka's John Keells Holdings said an 800 million US dollar casino resort project will raise foreign debt and the parent may also make …
Sri Lanka-born top international designer Balmond in JKH resort
Aug 02, 2013 (LBO) - Balmond Studio Limited, a UK-based firm founded by Sri Lanka-born Cecil Balmond has designed John Keells Holding's 820 million dollar …
Even Road
Aug 01, 2013 (LBO) - Sri Lanka has cleared a tax anomaly which can make single cab trucks, especially some Indian brands, cheaper, Deputy Treasury Secretary S …
Liquidity
Aug 01, 2013 (LBO) - Sri Lanka's central bank has bought Treasury Bills to meet government cash flow needs but is draining the liquidity though open market …
Sri Lanka close to signing power purchase deal with India JV
Aug 01, 2013 (LBO) - Sri Lanka's state-run Ceylon Electricity Board is close to signing a power purchase deal with an Indian joint venture coal plant, a top …
Expansion Plan
July 31, 2013 (LBO) - State-run Sri Lanka Ports Authority (SLPA) expects to invest in foreign ports and look for opportunities in terminal management, a …
Platform Sale
July 31, 2013 (LBO) - Sri Lanka-based MillenniumIT, a unit of London Stock Exchange group said it had won deal to sell its securities trading platform to …
Sri Lanka creates free zones for entrepot trade, off-shore business
July 31, 2013 (LBO) - Sri Lanka has declared two seaports as 'free ports' and an airport and two export processing zones as bonded areas, for entrepot trade …
Gas Plan
July 31, 2013 (LBO) - Sri Lanka's state-run ports agency is planning a liquid natural gas terminal in its southern port in Hambantota for power generation and …
Sri Lanka’s boatpeople face return to island or transfer to PNG: Australia
July 30, 2013 (LBO) – Sri Lanka’s boatpeople face return to island or transfer to Papua New Guinea, an island off the Australian coast as 68 …
Rate Effect
July 30, 2013 (LBO) - Profits at Sri Lanka's Seylan Bank fell 13 percent to 484 million rupees in the March 2013 quarter amid rising interest costs, interim …
Sri Lanka studying fresh locations for super-critical coal plant
July 30, 2013 (LBO) - Sri Lanka is studying locations to site a high tech coal plant for which funding is expected from Japan, after concerns over the initial …
Myanmar monasteries offer bootcamp for the spirit
YANGON, July 29, 2013 (AFP) - Pre-dawn wake-up calls, days of silence and hunger may not be everyone's idea of a holiday, but for tourists seeking spiritual …
Credit Board
July 29, 2013 (LBO) - Sri Lanka's industry and commerce ministry said it had appointed a four person body to approve credit agencies under powers of Sri …
Tele Investments
July 29, 2013 (LBO) - Investments in Sri Lanka's by Dialog Axiata group, a unit of Malaysia's Axiata is reaching 1. online pharmacy buy diflucan with best …
Credit Trend
July 29, 2013 (LBO) - Sri Lanka's loans to private business picked up in May as credit to both state enterprises and the central government from banks dropped …
Personal Travel
July 28, 2013 (LBO) - Scooters are becoming more popular in Sri Lanka making up about a third of all two-wheelers sold in the country now, the agents for …