Buy-Out
Oct 26, 2007 (LBO) – India's state-run telecom firm MTNL, which is trying to buy Sri Lanka's fixed wireless operator Suntel, has put conditions for the …
Industry
Unlicensed
Oct 24, 2007 (LBO) – The United States has said it is concerned over the widespread piracy of software in Sri Lanka, which recent surveys show is as high …
Cash Call
Oct 24, 2007 (LBO) – Sri Lanka's biggest mobile phone operator, Dialog Telekom, announced Wednesday it had struck a deal with investors to raise five …
Real Estate
Oct 24, 2007 (LBO) – Sri Lanka's Property Development Ltd (PDL) has reported net profit for the third quarter ended September 30, 2007 rose 26 percent to …
Free Visa
Oct 24, 2007 (LBO) – The United States government Wednesday urged Sri Lankans wishing to migrate to America to be vigilant of US Green Card resident visa …
Locked Up
BEIRUT, Oct 23, 2007 (AFP) - Locked up and cut off from her family for nine years, without even a penny for the endless scrubbing and washing up, Siriani knew …
Dodgy Doctors
Oct 23, 2007 (LBO) – Some Sri Lankan doctors who work long hours attending to other people's health, hide their wealth so well that they pay income tax …
Sri Lanka tourism arrivals down 21 percent
Oct 23, 2007 (AFP) - Sri Lanka on Tuesday reported a sharp 21 percent drop in holidaymakers visiting the island, a day after Tamil Tigers launched a major …
Sri Lankan revelers gobble up two tonne ‘kottu roti’ mix in minutes
Oct 22, 2007 (LBO) – A two tonne 'kottu roti' pancake mix prepared by Hilton Hotel in the Sri Lankan capital Colombo was devoured in just an hour by …
Big Bank
Oct 20, 2007 (LBO) – Fitch Ratings Lanka has affirmed the National Long-term rating and Individual Rating of Bank of Ceylon (BOC) at 'AA(lka)' and 'D/E' …
Getting Connected
Oct 20, 2007 (LBO) –The number of Sri Lankans buying mobile phones is still increasing rapidly, opening new avenues for equipment sellers and cellular …
Sri Lanka’s Ceylon Glass says exports surging
Oct 18, 2007 (LBO) – Ceylon Glass Company Thursday announced net profit for the quarter ended September 30 rose 29 percent to 44.6 million rupees and …
Migrant Votes
Oct 18, 2007 (LBO) – Sri Lankan migrant workers who account for as much as 12 percent of voters are still denied the right to vote although they …
Offshore Business
Oct 18, 2007 (LBO) – Two of Sri Lanka's top listed conglomerates, John Keells Holdings and Hayleys are positioning themselves to exploit business …
High Stakes II
Oct 17, 2007 (LBO) – Sri Lanka's Aitken Spence conglomerate Wednesday defended its claim to have made the highest bid for Colombo port's new container …
New Products
Oct 17, 2007 (LBO) – Software and IT educational institute OpenArc released products for business and management sectors of companies in Sri Lanka, …
Poor Health
Oct 17, 2007 (LBO) – Lanka Hospitals Corporation said its net loss for the first quarter of the 2008 financial year ended June 30 shot up 148 percent to …
Sri Lanka tourism slumps throws thousands out of work
Oct 17, 2007 (LBO) – Five thousand experienced hotel workers are out of work due to the tourism downturn, according to the managers of Sri Lanka’s …
Port Bids
Oct 17, 2007 (LBO) – The Sri Lanka Ports Authority (SLPA) Wednesday dismissed conflicting claims by rival bidders for a new terminal contract, saying …
Minor Injuries
Oct 16, 2007 (LBO) – As global markets are going through a painful hangover from a US housing bubble, the head of a 'big four' accounting firm says Asia …