Reduced Sentence
Sept 26, 2008 (LBO) – Despite Sri Lanka™s high primary school enrollment rate, large numbers drop out owing to weaknesses in the system, with many …
Industry
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Sri Lanka John Keells in share buyback
Sept 25, 2008 (LBO) –Sri Lanka's John Keells Holdings (JKH) said it would give back 2.2 billion rupees to shareholders through a buy back of one share …
Savings Promotion
Sept 25, 2008 (LBO) – Sri Lanka's state-run National Savings Bank (NSB) is starting a three-month savings drive from October 01, to coincide with World …
Rising Risk
Sept 25, 2008 (LBO) - Sri Lanka's finance companies, especially smaller ones, could face difficulties in raising funds to maintain liquidity if the present …
Buffet’s Move
NEW YORK, September 23, 2008 (AFP) - Tycoon Warren Buffet's Berkshire Hathaway has agreed to buy five billion dollars of stock in Goldman Sachs, and could …
Soft License
Sept 24, 2008 (LBO) - The Sri Lanka unit of Toroid, a Scandinavian transformer maker has licensed Microsoft software for its factories in an export processing …
Legal Promise
Sept 24, 2008 (LBO) - Sri Lanka will bring in tighter laws to nab fraudsters who run fraudulent deposit scams, a government minister said, after the collapse …
Finance Merger
Sept 24, 2008 (LBO) - Sri Lanka's Ceylinco Finance said it plans to merge with its subsidiary Asian Finance in a seven for two share swap. To receive instant …
Chinese Partners
Set 24, 2008 (LBO) - HSBC Sri Lanka said it had arranged a 45 million US dollar loan backed by Sinosure, China's export credit agency, to fund an expansion of …
Bunker Business
Sept 24, 2008 (LBO) - Ceylon Shipping Corporation (CSC) is considering acquiring its own ship fuel supply vessel to sell bunkers in Colombo port through its …
Sri Lanka opposes EU human rights probe to renew GSP+ benefits
Sept 24, 2008 (LBO) - Sri Lanka has opposed a European Union probe into human rights in the island to see if it meets conditions required to renew a trade deal …
Weight Watching
Sept 24, 2008 (LBO) - Sri Lanka's cooking gas retailers will have to weigh gas cylinders on a certified on-site weighing machine in the presence of customers …
Sri Lanka tourist trade to boost local travel as foreign arrivals fall
Sept 24, 2008 (LBO) - Sri Lanka's tourism promotion agency has launched a campaign to encourage local travel as part of efforts to revive the industry, hit …
Digital Revenues
Sept 23, 2008 (LBO) - Sri Lanka Telecom (SLT), the island's largest fixed access provider, has launched Internet Protocol Television (IPTV) with a target of …
Sri Lanka aviation industry targets young people
Sept 23, 2008 (LBO) – Sri Lanka's aviation industry, including the Air Force, civil aviation authorities and flying schools, are putting themselves on …
Circular Strategy
WASHINGTON, September 23, 2008 (AFP) - The conversion of Goldman Sachs and Morgan Stanley to regulated commercial banks marks the end of an era of independent …
Fast Links
Sept 23, 2008 (LBO) - Sri Lanka is to award a contract to provide broadband links to 500 rural schools by end 2008, expanding a network in which 1,100 public …
Liquidity Shock
SINGAPORE, September 23, 2008 (AFP) - Crude oil traded mixed in Asia on Tuesday after the benchmark New York futures contract soared more than 16 dollars for …
Sri Lanka August tourist arrivals fall, winter bookings better: official
Sept 23, 2008 (LBO) – Tourist arrivals in to Sri Lanka in August fell sharply from a year ago but bookings for the winter season look promising for …
High Risk
Sept 22, 2008 (LBO) - Police are trying to track down a Sri Lankan businessman who has fled abroad after duping thousands of people into depositing money with …