Flight of Fancy
May 11, 2007 (LBO) -- Sri Lanka plans to double the price of lottery tickets and use the extra cash to build a second international airport in Weerawila, the …
Industry
Rolling Stock
May 11, 2007 (AFP) - Sri Lanka plans to buy 60 million dollars worth of locomotives and passenger coaches from China to modernise its Victorian-era network, …
Big Claims
May 11, 2007 (LBO) – Union Assurance has reported after-tax profit for the quarter ending March 2007 fell to 21 million rupees from 33 million in the …
Novel Solution
May 10, 2007 (LBO) – A senior Sri Lankan government official has suggested doubling fuel prices and scrapping free cars and fuel for government servants …
Overnight Vigil
May 10, 2007 (AFP) - Sri Lanka's only international airport shut to night flights on Thursday in line with new security measures against raids by rebel Tamil …
ATM Trouble
A part of Sri Lanka's Hatton National Bank automated teller machine system has encountered a technical problem and is being repaired at the moment, a bank …
Total Failure
May 10, 2007 (LBO) – Sri Lanka's national power utility has started to restore power to the capital Colombo following an island-wide power failure, …
Still Trying
May 09, 2007 (LBO) -- Nippon Telegraph and Telephone, Japan's largest phone company, said Wednesday it has still not sold its flagship investment in Sri Lanka …
Travel Delays
COLOMBO, May 9, 2007 (AFP) - Thousands of passengers face travel delays and disruptions starting Thursday, when Sri Lanka's only international airport closes …
Corrupt Stories
May 09, 2007 (LBO) – The quality of corporate financial analysis in Sri Lanka is poor and the financial media is believed to be corrupt, a top business …
Tele Numbers II
May 9, 2007 (LBO) – Sri Lanka Telecom, the country's largest fixed access operator saw after tax profits growing by 53 percent to 1.98 billion in the …
Big and Small
May 7, 2007 (LBO) – A local bank and an international micro-finance specialist have tied up with the world's largest bank to widen banking access to …
Bailout Probe
May 08, 2007 (LBO) -- Sri Lanka has appointed a special presidential commission to probe finance companies that went bust in the past, after the country's top …
Hatton Profits
May 08, 2007 (LBO) – Hatton National Bank's group net profit grew 33 percent to 344 million rupees with a strong 46 percent growth in foreign exchange …
Billion Mark
May 08, 2007 (LBO) – Commercial Bank has reported group net profit growth of 37 percent to 1,028.8 million rupees for the first quarter ended March, with …
Getting Warm
May 8, 2007 (LBO) – Sri Lanka's advertising fraternity is kicking off a week long fest in the run up to the Sri Lanka Advertising Awards, the Chillies …
Cyber Crime
May 08, 2007 (LBO) – Sri Lanka on Tuesday enacted the Computer Crimes Bill introducing legislation which gives more power to law enforcement agencies …
Friendly Fire
May 7, 2007 (AFP) - Sri Lanka has restricted domestic flights and banned amphibious aircraft from using irrigation reservoirs following Tamil Tiger air …
More Protection
May 6, 2007 (AFP) - Sri Lanka is to tax film producers who use foreign stars in a move to protect its own movie market and combat cheaper imported labour from …
Profit Warning
May 05, 2007 (LBO) – Emirates, which owns 40 percent of SriLankan Airlines has warned its main shareholder, the Dubai government, that profits of the …