Oil Deal
April 04, 2008 (LBO) –Sri Lanka is seeking to renew its long-term crude oil supply contract with Iran and wrap up financing to expand its refinery during …
Industry
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Atom Chip
April 04, 2008 (LBO) –Intel has launched a new low-power chip which can be used in mobile devices and simple computers for internet surfing that it says …
Shanghai Profits
April 03, 2008 (LBO) –Hong Kong Shanghai Bank Corporation's Sri Lanka branch reported sharply lower profits for 2007 largely owing to losses from foreign …
Sri Lanka pushes Myanmar, Pakistan, India to crack rice export curbs
April 03, 2008 (LBO) – Sri Lanka is in talks to relax rice export curbs in at least three countries so that cheaper imports could lower the price of the …
Life Market
April 03, 2008 (LBO) – Sri Lanka’s Sampath Bank launched a life insurance policy scheme for its customers Thursday in a tie-up with Eagle …
Sri Lanka’s MAS fabric park signs up renewable power
April 03, 2008 (LBO) – Sri Lankan apparel exporter MAS Holdings has signed up with a hydro power firm to buy electricity for an eco-friendly plant in a …
Emirates starts flying first class to Sri Lanka
April 03, 2008 (LBO) – Emirates airlines said it had started first class services to Sri Lanka on selected flights after it started operating new Boeing …
Tele Talk
April 02, 2008 (LBO) – Malaysia's Usaha Tegas (UT) group, which bought a 35.2 percent stake in Sri Lanka Telecom, is likely to make changes at the …
Sri Lanka life insurance market eyed by German insurer
April 02, 2008 (LBO) – German insurance company Allianz says its Sri Lankan insurance business has become very profitable and the company aims to extend …
Media Trend
April 01, 2008 (LBO) - Fragmented audiences in traditional media like television and radio have made commercial inserts in programs less effective especially …
Biggest Deal
April 01, 2008 (LBO) – Malaysia's Usaha Tegas group bought a 35.2 percent stake in Sri Lanka Telecom for 300 million dollars making it the biggest deal …
New Partner
April 01, 2008 (LBO) – Malaysia's Usaha Tegas (UT) group said it was looking to provide management input to Sri Lanka Telecom (SLT) and work with its …
Emirates airlines hits 100 destinations with Dubai-Cape town service
April 01, 2008 (LBO) – Emirates airlines said it had non-stop services to Cape Town in South Africa from its hub in Dubai, cutting travel time for …
Sri Lanka expert panel urges action on community-based tourism
April 01, 2008 (LBO) – A growing demand for community-based tourism services from global travelers is creating new opportunities to boost incomes of …
New Faces
April 01, 2008 (LBO) – RAM Ratings (Lanka) Tuesday announced Siti Norma Yaakob has been elected as the new chairman of the firm and its parent company, …
Switched Off
Mar 31, 2008 (LBO) – Sri Lanka has terminated a scheme that gave tax-slashed cars to state workers from today and no new applications would be …
Emirates quits sharing routes with Sri Lanka’s national carrier
March 30, 2008 (AFP) - Dubai's Emirates Airlines said Sunday it would stop sharing routes with Sri Lanka's national carrier when its decade-long management …
Oil Wealth
March 30, 2008 (LBO) - Sri Lanka has an opportunity to tap capital surpluses of oil-rich Gulf countries like Qatar as well as export professional services for …
Emirates quits sharing routes with Sri Lanka’s national carrier
March 30, 2008 (AFP) - Dubai's Emirates Airlines said Sunday it would stop sharing routes with Sri Lanka's national carrier when its decade-long management …
Market Play
Mar 30, 2008 (LBO) - Standard Chartered Bank which won a deal to raise 150 million dollars for the government earlier this month, is well positioned to boost …