Boeing readies Dreamliner for first flight
WASHINGTON, June 21, 2009 (AFP) - US aerospace giant Boeing is readying its 787 Dreamliner for first test flight in the coming days, banking on the new …
Industry
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Sri Lanka war risk insurance rating lowered
June 19, 2009 (LBO) - International underwriters in London have lowered the war risk rating for Sri Lanka following the defeat by government forces of Tamil …
Rising Oil
June 18, 2009 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation had asked Sri Lanka's petroleum ministry permission to raise petrol and diesel pump …
South Bunker
June 18, (LBO) – Sri Lanka is getting a 65 million US dollars loan from China's Exim Bank to build an oil storage facility in the Southern coastal town …
Constant Vigil
June 16, 2009 (LBO) – Sri Lankan depositors should be more vigilant as hundreds of smaller unregulated financial firms are still in existence despite the …
Not Yet
June 16, 2009 (LBO) – Sri Lanka's central bank which offered a third stake of Seylan Bank to a private investor has not awarded it to the sold bidder by …
State Club
June 16, 2009 (LBO) - The clubhouse of a golf course which was ordered in to state hands by court over corruption charges is operating as a hotel and starting …
Sri Lanka apparel maker in post-war manufacture
June 16, 2009 (LBO) - Brandix, a top Sri Lankan apparel maker, is planning to boost production at a factory built in Batticaloa, a former war-torn area in the …
Gas Diplomacy
June 16, 2009 (LBO) – The Netherland's envoy to Sri Lanka has raised concerns about the government pricing of liquefied petroleum gas of top Dutch firm …
Circular Delay
June 15, 2009 (LBO) - The Sri Lankan government has decided to call for fresh tenders for the Greater Colombo Urban Transport Development Project as previous …
Fund Flow
June 14, 2009 (LBO) - A part of the pension funds of Sri Lanka's private sector workers may be diverted as unemployment benefits to those who lose jobs in the …
Desert Tragedy
RIYADH, June 13, 2009 (AFP) - Nineteen men, most of them foreign workers, were incinerated when a Saudi bus caught fire after crashing into a truck during a …
Power Finance
June 13, 2009 (LBO) – Sri Lankan private sector firms are too small yet to start mega infrastructure such as coal plants on their own, the International …
Sri Lanka Insurance chief promises professional management
June 13, 2009 (LBO) - Newly appointed competent authority to Sri Lanka Insurance Corporation (SLIC), has said that the firm will be managed professionally, …
Fuel Reach
June 12, 2009 (LBO) - Lanka IOC, the Sri Lankan unit of Indian Oil Corp, wants to seek clarification on reports the island's government is to amend its …
Dark Continent
June 11, 2009 (LBO) – Sri Lanka's Commercial Bank of Ceylon is planning to finance renewable power plants in Africa with the help of the International …
Sri Lanka Mitsubishi agent makes loss
June 11, 2009 (LBO) – Sri Lanka’s United Motors Lanka Limited (UMLL) group, agents for Japan's Mitsubishi lost 90 million rupees in the March 2009 …
Northern Banking
June 11, 2009 (LBO) – Sri Lanka's central bank said banks have been given the nod to open 67 new outlets in the last three weeks in the north of the …
Chamber Award
June 10, 2009 (LBO) - A regional Sri Lankan business chamber has won a top global award for its work after the 2004 Indian Ocean tsunami, in a competition …
Sri Lanka to get AirAsia low fare flights
June 10, 2009 (LBO) - AirAsia said it will launch daily flights from Sri Lanka from August 15 offering promotional all-in fares as low as 4,090 rupees one way …