Making Sense
June 21, 2007 (LBO) – Sri Lanka is to merge two state banks created as a result of election promises in the recent past, but keep a regional banking …
Industry
Normal Operations
June 19, 2007 (AFP) - Sri Lanka's only international airport is to resume around-the-clock operations after air raids by the Tamil Tiger rebels forced its …
Imagine Cup
June 19, 2007 (LBO) – Sri Lanka's young software developers lack resources but not dedication or talent, says former winners of a students technology …
Fund Power
June 19, 2007 (LBO) – Institutional investors in Sri Lanka's small stock market still lack the strength to influence managements of listed firms on …
Knowledge Cash
June 18, 2007 (LBO) – Amba Research, an investment research outsourcing firm which raised new venture capital financing Monday, is planning to expand …
No Dividend
June 18, 2007 (LBO) – Seylan Merchant Bank said it was unable to pay a dividend proposed earlier, following a solvency test specified in a new company …
Floating Hotel
DUBAI, June 18, 2007 (AFP) - The booming Gulf emirate of Dubai said on Monday it has bought the Queen Elizabeth 2, one of the world's most majestic cruise …
Box Bonanza
June 18, 2007 (LBO) – South Asia Gateway Terminals (SAGT), Colombo Port's privatised container facility, aims to handle 1.6 million containers by the end …
Synthetic Fuel
WASHINGTON, June 17, 2007 (AFP) - A fiery debate has been rekindled in Washington as US lawmakers mull proposed incentives to produce diesel fuel from coal. …
Disturbing Rule
June 17, 2007 (LBO) – Sri Lanka's insurance industry has voiced concern over a recent proposal by regulators to transfer the Strike, Riot, Civil …
Heaven Sent
June 16, 2007 (LBO) – Sri Lanka's power utility has increased its hydro storage after heavy rains in the last three days, and if the trend continues it …
Digital Sheep
WASHINGTON, June 15, 2007 (AFP) - The FBI is in the process of locating and notifying the users of one million computers controlled by hackers through …
Sailing Away
June 15, 2007 (LBO) – Sri Lanka's Aitken Spence conglomerate is exiting from its ship-owning business because of lower earnings from chartering and …
Off-Grid
June 15, 2007 (LBO) – Sri Lanka will be able to light up 60,000 rural homes and also connect new private-sector renewable energy to the urban power grid …
Sri Lanka downturn cushioned by Maldives profits of top leisure firms
June 15, 2007 (LBO) – Two of Sri Lanka's leisure sector players have managed to cushion a downturn in tourism on the island, with profits from resorts …
Smoke Sales
June 15, 2007 (LBO) – Sri Lanka plans to set up a carbon fund to promote carbon trading and provide financial as well as technical support for potential …
Telemedicine
June 15, 2007 (LBO) – Sri Lanka has equipped a rural hospital with computer facilities and a broadband link to offer patients remote consultation, …
Big Response
June 14, 2007 (LBO) – Sri Lanka's biggest mobile phone company, Dialog Telekom, said Thursday its 15.5 billion rupee cash call had been fully subscribed. …
Singled Out
June 12, 2007 (LBO) – Sri Lanka should widen its tax base and practice fiscal discipline instead of heavily taxing a few sectors like the financial …
Capital Change
June 12, 2007 (LBO) – A controlling stake in the listed financial firm, Asia Capital was bought by a consortium led by Asia Fort Asset Managment, with …