Industry

Higher Stake

Oct 15, 2007 (LBO) – People's Merchant Bank (PMB) shares shot up 15.50 rupees to 55 rupees in Monday morning trading on the Colombo bourse as the firm …

Bouncing Cheques

Oct 15, 2007 (LBO) – Sri Lanka's Central Bank said Monday that cheque returns were too high and warned customers that issuing cheques without funds was …

Big Airbus

TOULOUSE, France, Oct 15, 2007 (AFP) - Airbus was to make the first delivery of its A380 superjumbo jet on Monday to Singapore Airlines, with elation and …

Unclaimed Prizes

Oct 15, 2007 (LBO) - Though 25,000 state workers are eligible to buy duty-slashed vehicles, less than half of those entitled have so far applied for a car, …

High Stakes

Oct 15, 2007 (LBO) – Hutchison Port Holdings (HPH) Monday dismissed claims by a rival bidder to have made the highest bid to build and operate Colombo's …

Jumbo Link

Oct 14, 2007 (LBO) - Sri Lanka will give a baby elephant to the Armenia zoo in exchange for veterinary training to an animal "suitable" for local conditions, a …

BPO Training

Oct 14, 2007 (LBO) – The national training authority in Sri Lanka and a private business process outsourcing (BPO) firm plans to increase training of …

Shangri La win bid to build luxury hotel in Male

COLOMBO October 14, 2007 (LBO) -- Leisure operator, Shangri-La has been seltected to build a five-star city hotel in the Maldivian capital of Male, a senior …

Port Bids III

Oct 12, 2007 (LBO) –Sri Lanka's Aitken Spence conglomerate said Friday that it appeared to have made the highest bid to build and operate a new container …

Port Bids II

Oct 11, 2007 (LBO) – The Sri Lankan government Thursday opened four financial bids by private sector consortia to build a new container terminal in the …

Sri Lanka’s Hilton hotel plans two tonne ‘Kottu roti’ pancake mix

Oct 11, 2007 (LBO) - The Hilton hotel in the Sri Lankan capital Colombo will muster up to 40 chefs to make what's considered a record-breaking two-tonne 'kottu …

Port Bids II

Oct 11, 2007 (LBO) – The Sri Lankan government Thursday opened four financial bids by private sector consortia to build a new container terminal in the …

Oil Hunt

Oct 11, 2007 (LBO) – Sri Lanka's Petroleum Ministry said Thursday that 42 companies including seven oil majors attended a series of road shows held to …

Port Bids

Oct 10, 2007 (LBO) – Sri Lanka's Supreme Court Wednesday ordered the government to open all four financial bids to build a new container terminal in the …

Building Watchdog

Oct 09, 2007 (LBO) – International audit firm Deloitte Thursday launched its financial advisory services for Sri Lanka's construction industry which has …

Power Plan

Oct 09, 2007 (LBO) - Fresh legislation to regulate the power sector is being readied after Sri Lanka's highest court said an earlier plan to break up the …

Expensive Road

Oct 08, 2007 (LBO) – A new elevated highway connecting Colombo's Fort areas with Malabe, a fast developing suburb will cost nearly 40 billion rupees, a …

Sri Lanka draws French ‘treasure hunters’ in tourism promotion

Oct 08, 2007 (LBO) – French travel agents are visiting Sri Lanka on a tourism promotion which includes what's billed as a treasure hunt where they search …

More Class

Oct 07, 2007 (LBO) – DIMO, distributors of Mercedes Benz in Sri Lanka, says it hopes the newly introduced C-Class will revive sales but notes the …

Super Road

Oct 06, 2007 (LBO) – Sri Lanka has asked a Malaysian firm to study the prospects for a highway from the Galle Face area of Colombo to the fast growing …