Industry

New Business

January 05, 2007 (LBO) – The long-awaited restarting of Pramuka Bank as the Sri Lanka Savings Bank will get underway soon, with the new entity due to …

Fresh Face

Dec 05, 2007 (LBO) – Sri Lanka's Postal Department is expanding its high value stamp range with a 200 rupee issue later this year and is also seeking …

Cheap Deals

KUALA LUMPUR, Jan 5, 2007 (AFP) - AirAsia X, a new long-haul, low-cost carrier, will take off in July with flights to Britain for as little as 9. buy …

Little Choice

January 05, 2007 (LBO) – Sri Lanka's clothing exporters are protesting against shipping lines' decision to increase fees for handling goods out of the …

Costly Ride

January 4, 2007 (LBO) – Gasoline prices in Sri Lanka will go up by 5-percent, to keep pace with rising world oil prices that are currently hugging the 60 …

Automated Shares

Jan 04, 2007 (LBO) – Sri Lanka's Millennium Information Technologies says they have designed an implemented an automatic stock trading system for the …

Thin Frames

SYDNEY, Jan 4, 2007 (AFP) - Asian airlines will likely reap reduced profits in 2007 as increased competition offsets gains in passenger and freight traffic, a …

Tech Unsavvy

Jan 03, 2007 (LBO) – Sri Lanka's ministry of education says more than 60 percent of the teachers in Sri Lanka lack computer and English literacy skills …

Wide Berth

January 2, 2007 (LBO) – Sri Lanka's Central Bank has lifted the minimum capital requirements of money changers by fivefold to 600,000 dollars with …

Early Warning

January 2, 2007 (LBO) – Gasoline prices are likely to go up by 5-percent in Sri Lanka, the state-run fuel retailer warned Tuesday, as global oil prices …

Long Arm

January 01, 2007 (LBO) – Sri Lanka's Janashakthi Group is set to take control of privately held financial service group First Capital, officials said …

Fresh Slate

December 30 (LBO) – The Sri Lanka government has agreed to offload half the 60 billion-rupee long-term debt of the Ceylon Electricity Board from January …

Pipeline Plans

December 29 (LBO) – Sri Lanka has signed a deal Friday with India’s National Thermal Power Corporation to build a 500 million dollar coal power …

Fragile Links

SINGAPORE, Dec 28, 2006 (AFP) - The chaos in Asia's Internet service sparked by an undersea earthquake shows the region's cable network is too fragile and …

Cable Cut

HONG KONG, Dec 27, 2006 (AFP) - Internet and phone services were disrupted across much of Asia on Wednesday after an earthquake damaged undersea cables, …

Piracy Charge

COLOMBO, Dec 26 (AFP) - The crew of a Jordanian cargo ship accused Tamil Tiger rebels Tuesday of piracy, saying the guerrillas had attacked their vessel after …

Cheap Run

December 22, 2006 (LBO) – Sri Lanka plans to float a state-run no frills airline, the government said Friday, to fly to the Middle East and neighbouring …

Digital Certification

December 21, 2006 (LBO) – Sri Lanka has started to digitize the issue of birth, marriage and death certificates, which has cut processing time to as …

Tough Action

December 21 (LBO) – Trade unions of telco giant Sri Lanka Telecom have threatened to go on strike together with other public sector unions, if a wage …

Earnings Squeeze

December 20, 2006 (LBO) – Caltex Lubricants Lanka said Wednesday that earnings in 2007 will take a hit, after the government upped taxes on base oil, …