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, …
Industry
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Upgraded
June 5, 2007 (LBO) – Fitch Ratings has upgraded PABC Bank, a Sri Lankan commercial bank to an investment grade BBB- (lka) with the stable outlook, the …
Bunker Oil
June 05, 2007 (LBO) - Lanka IOC, a unit of the Indian Oil Corporation, has started a marine bunkering operation by supplying diesel to ships off the east coast …
Sri Lanka tourism to get ‘Barmy Army’ innings
June 4, 2007 (AFP) - Advance bookings for England's winter cricket tour of Sri Lanka has been rising steadily even as fighting between troops and Tamil Tiger …
Under Control
June 03, 2007 (LBO) -- A fire broke out aboard an Indian oil tanker undergoing repairs at the main port of Colombo Sunday, injuring 13 people, officials said. …
Sri Lanka tourism industry targets women to boost visitor numbers
June 02, 2007 (LBO) – Sri Lanka's tourism industry aims to attract more women visitors under its efforts to revive faltering arrivals as an escalating …
Hospital Sale
June 01, 2007 (LBO) – A private Sri Lankan hospital is offering to sell a prime property in a posh residential suburb of Colombo ahead of a move to a new …
Last Flight
June 01, 2007 (LBO) – SriLankan Airlines is stopping its domestic floatplane operations, in the wake of orders to stop flying to key destinations and a …
Sri Lanka revives tourist police to counter harassment
June 01, 2007 (LBO) – Sri Lankan police have revived their tourist police branch to better protect tourists in the face of increasing complaints of …
Hard Sell
June 01, 2007 (LBO) – Sri Lanka's insurance policy lapse rate is far too high and might mean the industry's sales pitch is overenthusiastic, an …
French Link
June 01, 2007 (LBO) – The growing interest in Asia by French businessmen would be supported by the efforts of Franco-Sri Lankan technologists group, the …