Optional Deal
Jan 03, 2011 (LBO) - Sri Lankan shipbuilder Colombo Dockyard has won an optional contract to build a third Multipurpose Platform Supply Vessels (MPSV) for …
Industry
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Bandwidth Battle
Jan 02, 2011 (LBO) - Sri Lanka Telecom (SLT) has increased bandwidth speeds and data volumes for broadband customers and reduced charges from January 01, 2011, …
Sri Lanka tourist trade raises alarm over new visa rule
Jan 02, 2011 (LBO) - Sri Lanka's tourist industry wants the government to postpone a new rule to charge for visas, scrapping on-arrival visas, saying it could …
Sri Lanka to scrap visa on arrival
December 31, 2010 (AFP) - Sri Lanka has revived plans to scrap the visa on arrival for foreigners, except Maldivians and and Singaporeans, and will launch an …
Finance Act
Dec 31, 2010 (LBO) - A new finance company law that is to be introduced in Sri Lanka will provide for tougher penalties against illegal deposit taking and give …
Sri Lanka hydro electricity firm in power purchase deal
Dec 30, 2010 (LBO) - Hydro Power Free Lanka (HPFL) has entered into agreements with Sri Lanka's state power utility and investment promotion agency to sell …
Wider Margins
Dec 29, 2010 (LBO) - Fitch Ratings has confirmed the National Long-term rating of Sri Lanka's Housing Development Finance Corporation Bank (HDFC) at …
Mobile Identity
Dec 29, 2010 (LBO) - Sri Lanka is to delay a move to restrict the number of mobile phone SIM cards individuals can own after requests for more time from mobile …
SriLankan Airlines wins award for campaign that improved sales
Dec 29, 2010 (LBO) - SriLankan Airlines won the 'Travel & Tourism' category at the island's recent Effie Awards for its ˜Hotseats’ marketing campaign …
Trade Links
Dec 29, 2010 (LBO) - India is helping Sri Lanka to revive commercial operations at a port and airport in the island's north to re-establish regional trade and …
Heavy Lift
Dec 29, 2010 (LBO) - Sri Lankan logistics firm FPS Lanka is considering setting up offices in the new southern port of Hambantota and in eastern Trincomalee …
Suspended
Dec 28, 2010 (LBO) - The Merchant Bank of Sri Lanka (MBSL) has suspended its chief executive officer for alleged misconduct, the bank said in a stock exchange …
Sri Lanka Hotel Reefcomber in deal to build resort
Dec 28, 2010 (LBO) - Sri Lanka's Hotel Reefcomber has struck a deal to build a four-star beach resort with water-front villas, a stock exchange filing said. …
Sri Lanka to get 7-star Shangri-La hotel
Dec 28, 2010 (LBO) - Hong Kong-based leisure group Shangri-La has signed a deal to acquire land to build a seven-star hotel in the Sri Lankan capital Colombo, …
Sri Lanka east coast to get luxury hotel
Dec 28, 2010 (LBO) - Sri Lanka's Esna Holdings, a consultancy and advisory services firm, plans to set up a luxury beach resort in Nilaveli, a prime beach …
Peak Cheats
Dec 27, 2010 (LBO) - Fixed broadband service providers in Sri Lanka have been providing download speeds far below advertised rates at peak times especially …
Speed Test
Dec 27, 2010 (LBO) - Sri Lankan broadband users will soon be able to test their download speeds with the proposed introduction of a testing facility, the …
Transport Demand
Dec 27, 2010 (LBO) - The number of vehicles imported by Sri Lanka continues to surge after a sharp import duty reduction, with new registrations up 74 percent …
Spreading Virus
December 27, 2010 (AFP) - Swine flu in Sri Lanka has killed 22 people and infected more than 300 over the past two months, the island's health ministry said …
Stock Allocation
Dec 24, 2010 (LBO) - Small investors who applied for up to 500 shares in a share issue by Sri Lanka's Singer Finance (Lanka) will get all they asked for, issue …