Smoking Out
June 14, 2008 (LBO) – Laugfs Eco Sri, a unit of Sri Lanka's Laugfs gas distributor, plans to launch a sample testing centre next month to test vehicle …
Industry
Jumbo Release
UDAWALAWE, June 14, 2008 (AFP) - Sri Lanka on Saturday released eight orphaned baby elephants into the jungle after rescuing them from near certain death, …
Sri Lanka tourist arrivals up 18.5-pct in May
June 13, 2008 (LBO) – Tourist arrivals to Sri Lanka rose a steep 18.5 percent in May against a sharp fall last year but cumulative figures were little …
Sri Lanka’s Dialog celco links with AeroMobile
June 13, 2008 (LBO) – Sri Lankan celco Dialog, a unit of Telekom Malaysia said it had partnered with AeroMobile to provide in-flight mobile …
Sri Lanka insurance IPO gets foreign interest
June 13, 2008 (LBO) – Sri Lanka's Janashakthi Insurance says there is strong foreign interest centered around the Middle Eastern region for their 400 …
Better Rates
June 13, 2008 (LBO) – Sri Lanka's Sampath Bank is offering a rate of 12.5 percent a year for savings deposits which maintain a balance of more than …
Rail Loan
June 12, 2008 (LBO) – Sri Lanka's cabinet of ministers had given the nod to borrow 100 million US dollars from India to upgrade a part of the island's …
Undersea Links
June 12, 2008 (LBO) – Lanka Bell, a Sri Lankan wireless fixed access firm, said its link to a high speed private undersea fibre optic cable operated by …
Sri Lanka Allianz unit offers title insurance
June 11, 2008 (PBO) “ The Sri Lanka unit of Allianz Insurance said Wednesday it has begun offering title insurance cover for property transactions by …
Shari’ah Leasing
June 11, 2008 (LBO) – Lanka Orix Leasing Company (LOLC), which introduced Islamic financing in Sri Lanka, says it wants to expand its portfolio to one …
Debt Tool
June 10, 2008 (LBO) – The Sri Lanka Ports Authority (SLPA) plans to get a credit rating that will enable it to borrow abroad to fund harbour expansion …
Sri Lanka LOLC plans ethanol power plant
June 10, 2008 (LBO) – Sri Lanka's LOLC group, which has taken over a defunct sugar firm in a public-private partnership, is planning to build an …
Tight Rates
June 10, 2008 (LBO) – Sri Lanka's Lanka Orix Leasing Company (LOLC) group said net profits for the year ended March 2008 was up 21 percent with revenue …
Emirates to start first A380 services to Americas
June 10, 2008 (LBO) – Dubai-based Emirates is starting the first ever commercial Airbus A380 service to the Americas with a 14-hour non-stop flight to …
Arbitrage
June 10, 2008 (LBO) - Laugfs Auto Gas, a Sri Lankan gas distributor that started conversion of vehicles to run on auto gas, said that it was timely for owners …
Sri Lanka Continental hotel new owners seek pricing freedom: report
June 09, 2008 (LBO) – The new owners of Sri Lanka's Continental Hotel have taken board control and sought approval from tourism authorities to sell rooms …
Port Bids
June 09, 2008 (LBO) – Sri Lanka has re-appointed project committees to award a container terminal concession to expand Colombo port, with fresh bids …
New Faces
June 9, 2008 (LBO) – Sri Lanka Telecom (SLT), the island's top fixed access telco said its Malaysian shareholder had appointed new directors after NTT …
Outsourcing
June 09, 2008 (LBO) – Sri Lankan Airlines is buying database services from IBM World Trade Corporation and is looking to outsource more information …
Mind Guide
June 9, 2008 (LBO) – An education fair to guide post-secondary education students find appropriate opportunities for further studies which are oriented …