Sri Lanka’s Lakvijaya power plant down
Aug 08, 2012 (LBO) - Power generation in Sri Lanka's newly built Lakvijaya coal power plant in north-western Puttalam district has been temporarily suspended …
Industry
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Sri Lanka to ration power in key towns and villages
Aug 08, 2012 (LBO) –Sri Lanka will cut power for two hours and fifteen minutes during the daytime Thursday (August 09) owing to a breakdown in a Chinese …
Recruiting Business
Aug 06, 2012 (LBO) – Sri Lanka's unit of Randstad, a global recruiting and HR consultancy group is working on an awards scheme to select the best …
Reserve Kitty
August 07, 2012 (LBO) – Sri Lanka’s foreign reserves stood at over seven billion dollars as at end July largely due to proceeds from the one …
Formal Training
August 07, 2012 (LBO) – Sri Lanka’s Shippers’ Academy Colombo has launched a comprehensive transport, logistics and trade course to help …
Sri Lanka aims to attract more American travelers
August 06, 2012 (LBO) – Sri Lanka is on a drive to attract 100,000 American tourists by 2016 in a bid to woo part of tourist traffic to the Maldives and …
Sri Lanka to connect 30MW wind power this week
Aug 06, 2012 (LBO) - Sri Lanka's state-run Ceylon Electricity Board will connect 30MegaWatts of wind power from three privately owned wind power plants this …
New Investor
August 05, 2012 (LBO) – Pakistan based Lakhani group is looking to invest eight million dollars to build a university and a three star city hotel in …
Sri Lankan airlines to boost flight training capacity with second simulator
August 05, 2012 (LBO) – State run Sri Lankan airlines is to take delivery of a new Dutch built A330 flight simulator early next year increasing the …
Digging Deep
August 03, 2012 (LBO) - Sri Lanka's Dialog Axiata PLC, the island's largest mobile operator, said its group profits fell to 879.45 million rupees for the June …
Urban Dwelling
Aug 02, 2012 (LBO) - Sri Lanka is set to begin work on the second stage of a housing project to relocate Colombo's shanty dwellers in a bid to improve living …
Sri Lanka’s John Keells, Phoenix Ventures floats local air taxi service
August 02, 2012 (LBO) – Sri Lanka’s John Keells Holding PLC has joined with Phoenix Ventures Limited to start a 6.8 million dollar domestic air …
Financial Intelligence
August 02, 2012 (LBO) – The Financial Intelligence Unit (FIU) of Sri Lanka's Central Bank has signed a Memoranda of Understanding (MOU) with FIUs of …
Longer Horizon
August 01, 2012 (LBO) – Sri Lanka’s newest mutual fund operator, Orient Wealth Limited plans to raise about a billion rupees by attracting …
Tight Security
July 31, 2012 (LBO) -- Check Point Software Technologies Limited, the world’s second-largest security networks maker, launched a new range of appliances …
Tight Quarter
July 30, 2012 (LBO) - Sri Lanka's Union Bank group has report net profits of 27.4 million rupees for the June 2012 quarter, down 61.5 percent from a year …
India show in Sri Lanka to boost investment and trade
July 30, 2012 (LBO) - India Show, an exposition of Indian business in Colombo to be held from August 03 has drawn over 100 exhibitors which will give a chance …
Trading Monitor
July 30, 2012 (LBO) - A trading surveillance system developed by MillenniumIT, a London Stock Exchange unit based in Sri Lanka has gone live in at the Egyptian …
Sri Lanka rice export controls not a blanket ban: minister
July 29, 2012 (LBO) - Sri Lanka's fledgling rice exporters could still ship rice under some restrictions, including a minimum price and there was no blanket …
Reporting Awards
July 29, 2012 (LBO) - Sri Lanka's Smart Media, a marketing communications firm said it had been placed second global award from a US based organization for its …