Sri Lanka power sector facing bankruptcy: minister
Oct 24, 2011 (LBO) - Sri Lanka's power utility has lost 167 million rupees a day in August amid dry weather and power sector faces bankruptcy unless tariffs …
Industry
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Sri Lanka headed for regional visa row with high fees: report
Oct 24, 2011 (LBO) - Sri Lanka's proposed 50 US dollar per person fee for an electronic visa has triggered a row with India with the possibility of the country …
Sri Lanka to reduce travel fee for South Asian tourists
Oct 24, 2011 (LBO) - Sri Lanka is likely to charge a reduced fee from south Asian tourists visiting the island under a new scheme that provides online approval …
Sri Lanka GSP benefits extended by US
Oct 22, 2011 (LBO) - President Barak Obama has signed a law extending temporarily halted generalized system of preferences (GSP) trade concessions to Sri Lanka …
Cash Track
Oct 21, 2011 (LBO) - HSBC launched a cash collection and management service which is useful for for companies that have large numbers of clients who make …
Bank Expansion
Oct, 21, 2011 (LBO) - India's Axis Bank has opened a branch in Sri Lanka's capital Colombo eying the island's growing trade and domestic financing business, …
Sri Lanka flight academy opens with simulator
Oct 21, 2011 (LBO) - State-run Sri Lankan Airlines has opened a flight academy commissioning its first Dutch built flight simulator for Airbus A320 aircraft as …
Fashion Statement
Oct 21, 2011 (LBO) - Sri Lankan fashion retailer Odel's group net profit for the six months to September 30, 2011 rose 21 percent to 122 million rupees from a …
Sri Lanka businesses delegation to visit Vietnam
Oct 19, 2011 (LBO) - A 20 member Sri Lanka business delegation will visit Vietnam in November to promote trade between the two nations focusing on the …
Sri Lanka Qatar Airways Cargo agency with Aitken Spence
Oct 19, 2011 (LBO) - Aitken Spence said its freight forwarding unit had bagged the general sales agency for Qatar Airways Cargo in Sri Lanka. online pharmacy …
Sri Lanka has world’s highest tariffs for renewable energy: analysis
Oct 19, 2011 (LBO) - Average prices paid in Sri Lanka to renewable energy firms in wind, mini-hydro and biomass are among the highest in the world, an analysis …
Phone Battle
HONG KONG, October 19, 2011 (AFP) - South Korea's Samsung Electronics Wednesday unveiled its new smartphone that runs on Google's latest Android operating …
Sri Lanka trade preferences to be extended by the US
Oct 19, 2011 (LBO) - Trade preferences given to Sri Lanka will be extended until the end of 2013 helping more than 200 million dollars of exports to enter the …
Boat Order
Oct 18, 2011 (LBO) - Sri Lanka based Solas Marine has wrapped up a three billion Indian rupee deal to supply 80 fast interceptor craft (FIC) to the Indian …
Sri Lanka launches hot air ballooning
Oct 18, 2011 (LBO) - Sri Lanka Saturday launched hot air ballooning over Colombo with daily flights scheduled from November as part of plans to boost leisure …
Sri Lanka India CEPA; professional services not included: economist
Oct 18, 2011 (LBO) - A stalled comprehensive economic partnership agreement (CEPA) between India and Sri Lanka does not include freeing of professional …
Bus Bar
Oct 17, 2011 (LBO) - Sri Lanka's first expressway which is to be opened in November will be closed for passenger buses, highways minister Nirmala Kothelawala …
Port Billing
Oct 16, 2011 (LBO) - The Sri Lanka Ports Authority aims to have a long-delayed online billing system ready by January 2012 with the customs already ready with …
Sri Lanka electricity no longer highest in region: analyst
Oct 15, 2011 (LBO) - Sri Lanka's power tariffs are no longer the highest in the region for manufacturing, though it was most expensive for larger households, …
Sri Lanka and Vietnam to open trade; aim for billion dollar target
Oct 15, 2011 (LBO) - Sri Lanka and Vietnam will begin talks on trade liberalization aiming to expand two way trade over 10 fold to a billion US dollars over …