Open Exchange
Nov 23, 2010 (LBO) - Sri Lanka has allowed residents to buy stocks abroad and foreign investors have been allowed to buy into local corporate debt and insurers …
Industry
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Bank Rates
Nov 23, 2010 (LBO) - Sri Lankan banks should provide more long-term loans and tax cuts in the government budget for 2011 are meant to encourage longer maturity …
Telecom Taxes
Nov 23, 2010 (LBO) - Sri Lanka has imposed new taxes on telecommunication including a 20 percent tax removing some of the existing ones, a regulatory license …
Sri Lanka to raise electricity rates in January
Nov 22, 2010 (LBO) - Sri Lanka will raise electricity tariffs by eight percent on general users who consume over 90 units a month in January 2011, President …
Piracy Attempt
TOKYO, November 21, 2010 (AFP) - A small, unidentified ship opened fire on a container vessel run by a Japanese logistics firm, in an apparent piracy attack in …
Fed Hack
NEW YORK, November 18, 2010 (AFP) - A sophisticated Malaysian cyber bandit hacked into the US Federal Reserve's computers and also stole nearly half a million …
Accounting Link
Nov 18, 2010 (LBO) - Members of the Institute of Chartered Accountants of Sri Lanka will be able to get the qualifications of its sister body in the UK …
Southern Port
Nov 18, 2010 (LBO) - Sri Lanka's new Chinese built port in the Southern city of Hambantota was formally commissioned by President Mahinda Rajapaksa Thursday …
Sri Lanka test fires coal plant furnace
Nov 17, 2010 (LBO) - Sri Lanka has successfully test fired a furnace of a 300 Mega Watt Chinese-built coal plant using liquid fuel Wednesday, in the island's …
Sri Lanka carbon emissions up, but power costs down with coal plant
Nov 17, 2010 (LBO) - Sri Lanka's first coal plant will push the island's carbon emissions by 46 kilograms per person next year, but electricity generation …
Better Potential
Nov 17, 2010 (LBO) - Sri Lanka's importance as a shipping hub in South Asia has increased after the end of a long drawn out war, an international logistic …
Drill Deal
Nov 16, 2010 (LBO) - Cairn Lanka, which bought Sri Lanka's first offshore oil exploration block has hired a Japanese ship to start drilling wells from July …
Night Banking
Nov 16, 2010 (LBO) - Sri Lanka's state-run Bank of Ceylon will start a branch that will stay open 24 hours to support government efforts to expand night …
Faster Pace
Nov 16, 2010 (LBO) - Chennai-based Indian Bank's Sri Lanka branch will open new branches in former war torn areas and is looking to double its loan book over …
Cruise Call
Nov 16, 2010 (LBO) - A luxury passenger vessel, MV Le Diamant, operated by the CMA CGM shipping line, has begun calls at Sri Lankan ports following the end of …
Maid Abuse
November 13, 2010 (AFP) - A Sri Lankan housemaid has accused her Kuwaiti employer of hammering 14 nails into her body, in the second such incident in the past …
Sri Lanka mulls ocean thermal energy option
Nov 13, 2010 (LBO) - Sri Lanka is considering OTEC, or ocean thermal energy conversion, in the eastern deep-water harbour of Trincomalee as part of a renewable …
Sri Lanka apparel group chief says scale can change industry
Nov 12, 2010 (LBO) - Ashroff Omar, head of Sri Lanka's Brandix apparel group had told a global conference that the creation of larger firms can drive research …
Gas Action
Nov 12, 2010 (LBO) - Sri Lankan liquid petroleum gas supplier Laugfs Gas, whose share issue to raise 2. online pharmacy buy spiriva inhaler with best prices …
Bank Numbers
Nov 11, 2010 (LBO) - Sri Lanka's National Development Bank said September 2010 quarter group net profit rose 31 percent to 808 million rupees from a year ago …