Industry

Big Merger

January 24 (LBO) –Commercial Bank of Ceylon and National Development Bank has entered into merger talks, the banks said Wednesday. "In the event the …

Ceylon Hotels Corp to woo more locals after earnings gets hit last year

Jan 24 (LBO) – Ceylon Hotels Corporation, which runs a chain of state owned hotels and rest-houses around the island, is trying to woo more local …

Fund Change

Jan 25, 2007 (LBO) – Ceylon Theatres Group which has bagged 70 percent of Commercial Fund Management says it is looking to increase the group's interests …

Wireless Talk

Jan 23 (LBO) – Sri Lankan mobile operator Dialog said Tuesday it had rolled out broadband wireless services for a few pilot customers, with plans to …

Talking Up

MUMBAI, Jan 23, 2007 (AFP) - India's largest private phone company, Bharti Airtel, posted Tuesday a third quarter net profit surge, which more than doubled and …

Migrant Perks

January 23, 2007 (LBO) – The government plans to raise the duty free allowances for Sri Lankans retuning from foreign employment to 5,000 dollars, an …

Race leaders

January 23, (LBO) – Associated Motorways (AMW) has cornered 31 percent of Sri Lanka's brand new car market the budget agency Maruti winning 28 percent, …

Hemas and Minor Group of Thailand to re-brand Sri Lanka hotel chain

Jan 23, 2007 (LBO) - Serendib Group of Hotels signs agreement with the Minor Group of Thailand to develop and manage properties owned by the Serendib Group …

High Alert

January 22, 2007 (LBO) – Sri Lanka plans probe deeper into the financial activities of non-governmental organizations, by beefing up its financial …

In Tune

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Secret World

KYOTO, Japan, Jan 22, 2007 (AFP) - In these days of the Internet, cellphones and iPods, few Japanese girls still dream of becoming a geisha with a strict life …

Cool Chat

January 22, 2007 (LBO) – Motorola Inc plans to introduce a low budget handset next month to popularize the use of cellular phones among less affluent …

Tight Control

Sri Lanka limited Friday the ownership of banks to prevent individuals or groups making hostile takeover bids that could destabilise the country's small …

Switching Channels

January 19, 2007 (LBO) – Sri Lanka plans to abort contracts of greenfield radio station operators and instead offer them to new investors, in a crowded …

Jaffna Power

January 18, 2007 (LBO) – Sri Lanka's power utility has signed up a new independent power supplier for the northern Jaffna area, and extended the …

Herbal Remedy

Jan 18, 2007 (LBO) – Sri Lanka is promoting the cultivation of herbs used in indigenous medicine, through a network of farm villages, in a bid to cut …

Off Air

Jan 18, 2007 (AFP) - Sri Lanka stopped mobile phone services for nearly half a million users in the island's embattled east as government troops were locked in …

In a stroke

January 18 (LBO) - Sri Lanka is banning the import of three-wheeler taxis that use two-stroke piston engines from next year, to reduce pollution in urban …

Indian Visitor

January 18, 2007 (LBO) – India's Bharti Airtel Ltd has been tentatively picked to take up a slot as Sri Lanka's fifth mobile phone operator, the island's …

African Wings

Jan 16, 2007 (LBO) – A Sri Lankan firm, which has built a freight forwarding network spanning eight coastal African nations plans to rapidly expand …