Underwater Link
Dec 12, 2006 (LBO) – A new fibre optic undersea cable that connects Maldives to Sri Lanka will bring down international call charges from the Indian …
Industry
New Chapter
December 11, 2006 (LBO) – Sri Lanka Telecom, is spinning off its directory publication division as a wholly owned subsidiary, the island's biggest fixed …
PBJ Resignation
December 11, 2006 (LBO) – Sri Lanka's powerful treasury secretary P B Jayasundara, has sent in his resignation, the state-run Daily News reported Monday. …
Buying Time
December 8, 2006 (LBO) – Sri Lanka Friday gave banks extra time till 2009 to top up their capital by five times, the Central Bank said, as some banks …
Sprouting Mobile
Dec 08, 2006 (LBO) – A top mobile phone maker expects the Sri Lankan handset market to grow by 25 to 30 percent next year as the country, as the …
Funny Money
December 08, 2006 (LBO) – Sri Lanka's main opposition party has said the government should investigate suspected money laundering transactions in the …
Cash Pile
December 07, 2006 (LBO) – Sri Lanka's NDB Bank Thursday teamed up with global money transfer giant Western Union, to tap the lucrative foreign …
Geography Lesson
December 07, 2006 (LBO) – Sri Lanka is to hire a British survey company to re-draw the island's continental shelf boundary, so that the country can claim …
Price Signal
December, 06 (LBO) – Sri Lanka's treasury bill rates moved up by an average of 19 basis points at this Wednesday's auction on the back of a similar hike …
Shoe Bonds
Dec 06 (LBO) – A holding company that controls Sri Lanka's largest footwear maker DSI, is to issue a 300 million rupee debenture which has been rated …
Even Keel
December 5, 2006 (LBO) – Dialog Telekom, the island’s biggest mobile phone operator, retained its AAA (lka) rating, but subscriber growth has …
Better Deal
Dec 05 (LBO) – Sri Lanka's small hydro developers are in talks with the government for a new electricity tariff, to be finalised in about a month, as …
Light Load
December 2, 2006 (LBO) – Sri Lanka plans to build a 300 megawatte liquefied natural gas plant with Iranian assistance, the government said Saturday. …
Sri Lanka to use embarkation fee revenue to develop Kalpitiya Dutch Bay Island
December 2, 2006 (LBO) – Sri Lanka plans to part of its embarkation fee revenue to develop the Kalpitiya Dutch Bay Island into a tourist attraction, the …
Plugged In
December 2, 2006 (LBO) – Dialog Telekom said Saturday that it has taken full control of cable television operator CBN SAT, that was previously shut down …
Costly Business
Dec 01 (LBO) – Sri Lanka’s export and import trade are to be slapped with higher terminal handling charges from January, shipping lines calling on …
Trade Battle
WASHINGTON, Nov 30, 2006 (AFP) - The United States and Asian economies are divided over how to implement a plan to set up an Asia-Pacific free trade area, two …
Aid for AIDS
Dec 1, 2006 (LBO) – The United States said Friday that it would give Sri Lanka 650,000 dollars to help curb the AIDS virus in high risk areas of the …
Next Show
November 30, 2006 (LBO) – Tough regulations are stifling growth of Sri Lanka's cable and satellite television industry, a local research firm says, but …
Potential Problem
Nov 30, 2006 (LBO) - Estimated 5.5 to six million people in South Asia is infected with AIDS which have become a severe epidemic but the HIV epidemic remains …