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 …
Industry
Sri Lankan apparel giant to build ‘Green Plant’ in Marks & Spencer partnership
May 30, 2007 (LBO) – Sri Lankan apparel Giant MAS Holdings is building a 'Green Plant' through its partnership with UK's Marks & Spencer, to reduce waste …
Change Please
May 30, 2007 (LBO) – India's National Thermal Power Corporation (NTPC) which is hoping to build a coal plant with Sri Lanka's power utility has asked for …
Sri Lanka travel ban only to the north and east: UK
May 30, 2007 (LBO) – Britain is advising its citizens not to travel to the north and east of Sri Lanka, but they are free to visit other parts of the …
Insurance Reload
May 29, 2007 (LBO) – Ceylinco Insurance is tapping into Sri Lanka largest mobile subscriber base with a pre-paid card insurance scheme with Dialog …
Deal Flow
May 29, 2007 (LBO) – Globeleq, a unit of CDC investment group which is raising a billion dollars by selling power sector assets in Sri Lanka and other …
Power Foothold
May 28, 2007 (LBO) – The Malaysian firm Tanjong, controlled by billionaire Ananda Krishnan, has taken a foothold in Sri Lanka's power sector by acquiring …
Dubai Flight
May 25, 2007 (LBO) – Sri Lanka government and Emirates airlines would soon have discussions on extending Srilankan Airlines' management deal with the …
General Growth
May 25, 2007 (LBO) - Janashakthi Insurance Co. Ltd, says general insurance premiums grew 37 percent in the first quarter with motor insurance growing 40 …
Slipping In
May 25, 2007 (LBO) – The Sri Lanka unit of the Indian Oil Corporation is planning to boost its 13 percent share in the island's lube business after …
Maritime Stakes
May 24, 2007 (LBO) – The Sri Lanka Ports Authority (SLPA) is to start construction work on the planned new deep-water port in Hambantota on the island's …
Money Talks
May 24, 2007 (LBO) – Shareholders of Dialog has approved its 15.5 billion rupee rights issue which is the highest cash call made on the Colombo Stock …
Oil Numbers
May 24, 2007 (LBO) – Lanka IOC, a unit of the Indian Oil Corporation has posted higher profits in the March quarter helped by a provision write-back and …
New Link
May 23, 2007 (LBO) - Japan Wednesday gave Sri Lanka a 15-million-dollar loan to re-build a key bridge in the embattled north-western district of Mannar, the …
No Gain
May 23, 2007 (LBO) – National Development Bank has reported group after-tax profits in the first quarter ending in March 2007 was 299 million rupees, a …
Tell All
May 23, 2007 (LBO) – A presidential commission appointed to probe failed finance companies is calling for members of the public to contact the commission …
It’s On
May 23, 2007 (LBO) – Sri Lanka's Central Bank says it has strengthened action against pyramid schemes and not halted or scaled down investigations in the …
Retail Takeover II
May 23, 2007 (LBO) – Listed firm Khsatriya Holdings said it had reached a deal with the owners of Kings Super retail chain to purchase its assets and …
Dot Mobile
A Colombo city guide on the internet, available on mobile phones, that offers useful services and shopping was launched this week. online pharmacy buy spiriva …
Security Hit
May 23, 2007 (LBO) – Alpha Airports, a UK firm which owns and operates the duty free liquor franchise at Colombo airport has warned of a downturn in …