Sri Lanka to raise power tariffs from March 15
Mar 13, 2008 (LBO) -- Sri Lanka would raise power tariffs from March 15 by slapping a 30 percent fuel recovery charge on most users and taking away subsidies …
Industry
Sri Lankan graphite miner increases profit with powder exports
March 13, 2008 (LBO) – Sri Lankan graphite miner Bogala Graphite Lanka said its net profit for 2007 was boosted 51 percent to 34.5 million rupees from …
Maritime Thrust
Mar 13, 2008 (LBO) - Sri Lanka's Hemas group wants to expand into ships and port operations after its entry to the sector by starting a shipping agency and …
No Hike
March 13, 2008 (LBO) – Sri Lanka's petroleum utility will not raise retail fuel prices at least until the traditional April Sinhala and Hindu New Year …
Premium Rules
March 13, 2008 (LBO) – General insurance premiums must be settled within 60 days so that the insured have the ability to claim and for insurers to avoid …
Changing Skyline
March 12, 2008 (LBO) – An Indian property developer has inked a deal with Sri Lanka's investment promotion agency to get tax concessions for an apartment …
Niche Strategy
March 12, 2008 (LBO) – Sri Lanka's high inflation, which is shrinking the incomes of consumers, should be reduced to promote economic activity, a top …
Sri Lankan Airlines passenger carriage hits new record
Mar 11, 2008 (LBO) – Sri Lankan Airlines had carried 3.2 million passengers in 2007, up 100,000 from the previous year making it the largest volume of …
Central Numbers
Mar 10, 2008 (LBO) - Sri Lanka's Central Finance Company group's December quarter profit went up ten percent to 336. online pharmacy buy levaquin no …
Easy Fees
Mar 11, 2008 (LBO) – ACCA Sri Lanka, a branch of the UK accounting body says it has tied up with Nations Trust Bank to give an easy payment scheme for …
Sea Link
March 11, 2008 (LBO) – A unit of Hemas conglomerate has got the Sri Lankan agency for Far Shipping Lines of Singapore which is looking at deploying …
Pricey Fuel
March 11, 2008 (LBO) – Sri Lanka's state-owned petroleum utility plans to tie up with global ship supplier GAC Ships to sell bunkers or ship fuel in …
New Day
March 11, 2008 (LBO) – Bharti Airtel Lanka, a subsidiary of India's Bharti Airtel, said it had pushed back the launch of its mobile service in Sri Lanka …
Sri Lanka Union Assurance profit up amid price war
March 11, 2008 (LBO) – Sri Lanka's Union Assurance group net profit for 2007 rose 63 percent to 254 million rupees from 156 million rupees the year …
Travel Time
MANILA, March 10, 2008 (AFP) - The Asian Development Bank said Monday it would double its loan commitment for a major highway project in Sri Lanka to 140 …
Web Eyeballs
Mar 10, 2008 (LBO) - Advertising agencies are struggling to convince clients to use the web as internet penetration increases in Sri Lanka, but poor awareness …
High Flyers
Mar 10, 2008 (LBO) – Emirates Airlines is tripling frequent flying miles to business travellers in March on selected destinations, the airline said. …
Tele Connect
Mar 10, 2008 (LBO) – The sale of an equity stake in Sri Lanka Telecom held by Japan's NTT to Malaysia's Usaha Tegas group could go ahead, the island's …
Gas Play
March 09, 2008 (LBO) – Sri Lanka's state-owned petroleum utility will enter the liquid petroleum gas (LPG) market by June using fuel dealerships, a top …
Saving Grace
Mar 08, 2008 (LBO) – State-run Sri Lanka Savings Bank, started to take over operations of defunct Pramuka Bank, will get a 1.5 billion rupee government …