Power Blast
June 12, 2007 (LBO) – A blast ripped through a vital high voltage electricity transmission line in a suburb of Sri Lanka's capital Colombo, but it failed …
Industry
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 …
Close Shave
June 12, 2007 (AFP) - Tamil Tiger saboteurs came close to cutting off a large chunk of Sri Lanka's electricity supply Tuesday by skirting tight security and …
Medical Thrust
June 12, 2007 (LBO) – The Hemas group is pushing into the hospital sector with a 2.5 billion rupee investment though bottom line growth this year has …
Sri Lanka film regulations may block positive coverage needed to boost tourism
June 11, 2007 (LBO) – Earlier this year, a foreign television crew working for the Travel Channel in London arrived in the country to do a documentary on …
Oil Oil everywhere…
TEHRAN, June 6, 2007 (AFP) - Iran hopes to begin a much-delayed plan to ration petrol in the next two weeks amid continued uncertainty over its launch date, …
Precipice
June 10, 2007 (LBO) – Sri Lanka is on the brink of the dangerous path of petrol and diesel rationing, which will give set amounts of subsidized fuel to …
Personal Identity
June 09, 2007 (LBO) – Sri Lanka would soon be sounding out operators on making mobile telephone numbers portable, telecom minister Rauf Hakeem said. "In …
Cell Cash
June 8, 2007 (LBO) – The cellular operator Mobitel has raised five billion rupees through a syndicated loan to fund its expansion into rural Sri Lanka, …
Health South
June 08, 2007 (LBO) – Hemas group a listed diversified group that is in consumer goods, energy, leisure and healthcare said it had acquired a hospital in …
Rural Link
June 8, 2007 (LBO) - The first of a series of 'cyber-centers' that will link rural business in Sri Lanka with the internet has been opened in the central hill …
Sri Lanka apparel makers increase backward integration
June 08, 2007 (LBO) – Sri Lanka's garments industry has increased sourcing of fabric from the region and making accessories at home under its backward …
Big Money
June 08, 2007 (LBO) – Dialog Telekom signed up with Board of Investment to invest 33 billion rupees (300 million dollars) to expand existing services and …
Clipped Wings
June 7, 2007 (LBO) – DFCC Bank has been asked to cut its 28.98 percent stake in Commercial Bank to 15 percent under Sri Lanka's banking laws, the …
No More
June 07, 2007 (LBO) – A pioneer of Sri Lanka's information technology sector, who headed two government agencies dealing with ICT and also founded a …
Positive Growth
June 7, 2007 (LBO) – Alcatel-Lucent, the largest telecom equipment manufacturers in the world, opened a branch in Sri Lanka Thursday saying sales have …
Divine Intervention
June 6, 2007 (LBO) – Sri Lanka's state electricity utility warned that power cuts would be imposed if monsoon rains do not come in the next two weeks to …
E-deadline
VANCOUVER, Canada, June 5, 2007 (AFP) - The International Air Transport Association has given member airlines and travel agencies five extra months to switch …
Service Skills
June 06, 2007 (LBO) – Sri Lanka's freight forwarding industry is setting up an academy to train people with the skills and knowledge required to handle …
Retail Recognition
June 06, 2007 (LBO) – Retailers that were a just a distribution channel at one time have to be considered as a strategic business partners in driving …