Sri Lankan Airlines in discounted internet sales strategy
Jan 25, 2009 (LBO) - Sri Lankan Airlines has launched a discounted online ticket sales program where cut price tickets can be bought by booking ahead, the …
Industry
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Sri Lanka LNG power plant to Australian consultancy
Jan 24, 2009 (LBO) – Sri Lanka has given tax concessions to an Australian consultancy to develop a 488 MegaWatt liquefied natural gas (LNG) fired power …
Dollar Account
Jan 23, 2009 (LBO) - The Sri Lanka Ports Authority (SLPA) is awaiting government approval to operate a 'dollar account' to cut mounting foreign exchange losses …
Liquidity
Jan 23, 2009 (LBO) - Sri Lankan registered finance company sector (RFC) which has been shaken by recent collapses of unregulated institutions should be able to …
Tech Battle
WASHINGTON, January 23, 2009 (AFP) - Barack Obama celebrated the first triumph of his presidency on Thursday, revealing he will get to keep his beloved …
Sri Lanka apparel exporters look East as Western markets slow down
Jan 23, 2009 (LBO) - Sri Lankan apparel exporters are looking for new markets like India, China and Japan as demand slows down in established markets where …
Long Voyage
Jan 23, 2009 (LBO) - Sri Lanka's Galle port is sprucing itself up with a new yacht marina in a bid to attract the high-spending sailors who sail past the …
Profitable Calls
NEW DELHI, January 22, 2009 (AFP) - Top Indian mobile phone firm Bharti Airtel reported a third-quarter net profit rise of 25 percent Thursday after signing a …
Sri Lanka state textile firm to shed staff
Jan 22, 2009 (LBO) – A partially operational state textile firm which is overstaffed and debt ridden would be restructured with about half its workers …
Airing Deal
January 22, 2009 (LBO) -- Nimbus Sports International on Wednesday said it bagged the worldwide rights to broadcast India's upcoming cricket tour of Sri Lanka. …
Sri Lanka apparel exporters say depreciation needed; bailout doubtful
Jan 21, 2009 (LBO) - Sri Lankan apparel exporters say a sharp depreciation of the rupee is needed, as demand falls in major markets and hurdles on a promised …
Sri Lanka apparel industry may lose 30-40,000 jobs
Jan 21, 2009 (LBO) - About 30-40,000 people employed in Sri Lanka's apparel export industry may lose their jobs this year owing to a slow down in orders …
Sri Lanka draws India’s Kingfisher Airlines
Jan 20, 2009 (LBO) – In the wake of global airline bankruptcies and route cuts, India's Kingfisher Airlines has expanded its international presence with …
Travel Ban
Jan 19, 2009 (LBO) – Sri Lanka's central bank said it had won a court order impounding the passports of several officials of Okanda Finance Limited, an …
Hedge Exposure
Jan 19, 2008 (LBO) - Sri Lanka's Commercial Bank said its exposure to an oil derivative sold through People's Bank would be 21.buy singulair online buy …
Box Rates
Jan 17, 2009 (LBO) - A sharp fall in freight rates owing to the global recession and oversupply of tonnage is helping Sri Lankan exporters cope with slowing …
Singapore Airlines cuts more than 200 flights
SINGAPORE, January 16, 2009 (AFP) - Singapore Airlines (SIA) is cutting more than 200 flights to Australia, China, Europe and India in response to falling …
Port Performance
Jan 16, 2009 (LBO) - All Sri Lankan regional ports are loss-making and supported by earnings from Colombo harbour, Sri Lanka Ports Authority chairman Priyath …
Indian Signal
Jan 15, 2009 (LBO) - India's state-run Oil and Natural Gas Corporation (ONGC) which has been given an off-shore oil block in Sri Lanka, will inform the island …
Sri Lanka tourist arrivals fall 18-pct in Nov 2008
Jan 15, 2008 (LBO) – Sri Lanka's tourist arrivals fell 18.2 percent in November to 36,091 with key generating markets of Western Europe down 28.2 percent …