Gassing Up
Jan 04, 2007 (LBO) – Sri Lanka's second cooking gas retailer raised prices by 17 percent Thursday on a formula approved by the consumer authority while …
Industry
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Record Highs
NEW YORK, Jan 2, 2008 (AFP) - Oil prices spiked to record closing highs within striking distance of 100 dollars a barrel Wednesday, triggering inflation …
Century!
SINGAPORE, Jan 3, 2008 (AFP) - World oil prices eased in Asian trading on Thursday after briefly hitting 100 dollars a barrel for the first time, jolting …
Sri Lanka raises hotel rates amid bomb attacks: officials
Jan 2, 2008 (AFP) - Sri Lanka's luxury hotels raised their rates on Wednesday despite an escalating ethnic civil war that triggered a 20 percent drop in …
Old Guard
Jan 01, 2008 (LBO) – New corporate governance rules for Sri Lankan banks would force long-standing directors to retire, prevent banks giving favoured …
Canal Charge
ISMAILIYA, Egypt, Dec 30, 2007 (AFP) - Transit fees for ships using Egypt's Suez Canal will increase in 2008 by an average of 7.buy prednisone online buy …
Housing Woes
Dec 31, 2007 (LBO) – Fitch Ratings has downgraded the long-term rating of Housing Development Finance Corporation (HDFC) by one notch to 'A-(lka)' from …
Another One
Dec 31, 2007 (LBO) – Fitch Ratings has downgraded the State Mortgage and Investment Bank (SMIB) by one notch to A-(lka) and lowered its rating outlook to …
Flirty Thief
Dec 30, 2007 (LBO) - Russian programmers have created software known as 'CyberLover' that can infiltrate dating sites and chatrooms and seduce victims and …
Banking Credibility
Dec 29, 2007 (LBO) – The International Monetary Fund (IMF) has raised doubts about the independence of Sri Lanka's central bank and its ability to …
Pension Problem
Dec 28, 2007 (LBO) – The International Monetary Fund has criticised delays in reforming Sri Lankan state sector pension schemes and urged government to …
Mobile Auction
Dec 27, 2007 (LBO) – Sri Lankan fisherman are using mobile phones to 'auction' their catch before reaching shore, allowing them to get better prices, …
Media Rumpus
Dec 27, 2007 (LBO) – A Sri Lanka minister who was held hostage by angry colleagues inside a television station after he assaulted the news chief of the …
Heavenly Alerts
Dec 27, 2007 (LBO) – A digital satellite radio disaster alert system that can be remotely activated which was field tested in Sri Lanka is now ready for …
Bridge Building
MATARA, Sri Lanka, Dec 26, 2007 (AFP) - Sri Lanka marked Wednesday the third anniversary of the devastating Asian tsunami by opening a showpiece bridge in the …
Satellite Maps
Dec 23, 2007 (LBO) – A mapping programme using satellite pictures will help Sri Lanka's government do better planning and rebuilding in the tsunami-hit …
Emirates braces for worst in Sri Lanka air talks
Dec 22, 2007 (LBO) – Emirates Airlines, managing shareholder of SriLankan Airlines, has indicated that it is preparing for a possible breakdown in …
Literary Climate
Dec 21, 2007 (LBO) – Sri Lanka's second international literary festival in Galle next year will focus on the theme climate change and would reach out to …
Easier Shipments
Dec 21 (LBO) – The threat of higher freight rates on Sri Lankan exports to Europe is easing, former Sri Lanka Shippers' Council chairman Jayanath Perera …
Watching Brief
Dec 21, 2007 (LBO) – Lanka Rating Agency said Friday it had placed BB3 rated Multi Finance Company on rating watch, pending a take-over from the Ceylinco …