Sri Lanka chases Indian MICE
Sept 21, 2007 (LBO) – Sri Lanka is targeting Indian firms to persuade them to hold their business meetings in the island in a bid to boost its flagging …
Industry
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Capital Boost
Sept 20, 2007 (LBO) –Sri Lanka's Seylan Bank said it was going ahead with a plan to raise new debt to beef up its capital base and meet Central Bank …
Sri Lanka tour operator association refreshes officers
Sept 20, 2007 (LBO) – The Sri Lanka Association of Inbound Tour Operators (SLAITO) has appointed a fresh set of officers, the Ceylon Chamber of Commerce …
Ship Imports
Sept 20, 2007 (LBO) – Sri Lanka's ship owners have warned that an unresolved dispute with Customs over a tax on vessels could force them to leave the Sri …
Telco Suit
Sept 19, 2007 (LBO) – Sri Lankan fixed wireless operator Suntel, a unit of Sweden's Telia, has said net profit for the first half ending June 2007 was up …
Global Cover
Sept 19, 2007 (LBO) – Sri Lankans traveling abroad can apply for international health insurance introduced by Aviva Insurance that will cover the cost of …
Travel Services
Sept 19, 2007 (LBO) – Nations Trust Bank said Wednesday it remains the sole issuer of American Express credit cards and other travel services despite the …
Cartel Curbs
Sept 18, 2007 (LBO) – India's Competition Commission is moving against an alliance of shipping lines which control most of the cargo shipped from south …
Reality Time
Sept 18, 2007 (LBO) – Bad debts in Sri Lanka's banks are rising and loan to deposit ratios are deteriorating as the lagged effects of a credit bubble …
Mobile Deal
Sept 18, 2007 (LBO) – Bharti Airtel Lanka, a unit of India's Bharti Airtel Tuesday announced a 150 million dollar alliance with China's Huawei …
Slow Band
Sept 16, 2007 (AFP) - Home to some 1.5 billion people, South Asia is paying a high price to access the Internet as service providers have been slow to deliver …
Medical Moves
Sept 16, 2007 (LBO) – Sri Lanka's newest hospital firm, a part of the Hemas group, is raising capital via a private placement, with their first hospital …
Sri Lanka hopes for tourism recovery with easing of travel advisories
Sept 15, 2007 (LBO) – Sri Lanka is confident of achieving its target of attracting 600,000 tourists this year following the relaxation of travel …
Network Track
Sept 15, 2007 (LBO) – Sri Lanka is on track to complete computer networking of 200 government offices, the state information technology agency said. The …
Open Call
Sept 15, 2007 (LBO) – India's envoy in Sri Lanka urged the island's business community to overcome reluctance to open the services sector in trade talks …
Bid Probe
Sept 14, 2007 (LBO) – Sri Lanka's top law official has begun probing a complaint of anti-competitive practices against one of the main bidders to build …
More Lube
Sept 14, 2007 (LBO) – The Sri Lanka has given approval for three more companies to sell lubricants in the island, raising to nine the number of companies …
Canal Block
NEW DELHI, Sept 14, 2007 (AFP) - India's government said Friday it was putting on hold its bid to dredge a crucial shipping lane after being accused of …
Price War
Sept 13, 2007 (LBO) – The bunker fuels subsidiary of John Keells Holdings, a top money-spinner of the group, looks set to face heightened competition …
Peak Price
SINGAPORE, Sept 13, 2007 (AFP) - Crude oil prices weakened in Asian trade Thursday on profit-taking after scaling new peaks on concerns over tight US supplies …