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 …
Industry
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 …
Maldives and India keeps Sri Lankan leisure operators afloat
November 29, 2006 (LBO) – Sri Lanka's top hotel groups are increasingly relying on their Maldivian operations and investments into India for survival, as …
Horrible Dream
November 29, 2006 (LBO) – Indian fuel retailer Lanka IOC Ltd sank deeper into the red posting a 605 million net loss during the quarter ending Sept., as …
Toothache
Nov 27, 2006 (LBO) – Over half of Sri Lanka's 19.5 million population suffer from dental problems ranging from cavities to cancer, due to poor oral …
Dialog TV
November 27 2006 (LBO) – Dialog Telekom, the island's biggest mobile phone operator, Monday announced plans to acquire satellite pay television operator …
Audit Block
Nov 27, 2006 (LBO) – Sri Lanka's audit examiners will stop visiting government offices to carry out audit work following on a pay dispute, putting the …
Taiwan Connection
Nov 27, 2006 (LBO) - Sri Lanka Ports Authority has signed a terminal service agreement with Wan-Hai lines of Taiwan to increase container traffic to the …
Tele Cash
November 27, 2006 (LBO) – Sri Lanka has raised about 40 million rupees from June-Sept by taxing foreign movies, dramas and sitcoms aired on local …
Rated Footwear
Nov 24, 2006 (LBO) – An old-established family footwear company from the deep south of Sri Lanka, has published its credit rating, before entering the …
Home Bias
Nov 22, 2006 (LBO) – Government attempts to retain more re-insurance at home may reduce the quality of the cover available from the industry and …
High Rents
SINGAPORE, Nov 21, 2006 (AFP) - Tokyo has Asia's most expensive office costs -- and the second costliest in the world -- with Hong Kong and Mumbai also in the …
Open Doors
Nov 21 (LBO) - India on Tuesday lifted controversial controls on duty free imports of vanaspati oil from Sri Lanka, which had caused the shutdown of all local …
Road Builders
Nov 20, 2006 (LBO) – Sri Lanka has concluded talks with the Asian Development Bank for an additional 90 million dollars to expand the country’s …
Costly Letters
Nov 17, 2006 (LBO) – Delayed tariff revisions, fuel price hikes and wage bills have driven up losses at Sri Lanka™s Postal Department, to over a …
Rupee Dips
November, 20 (LBO) - The Sri Lanka rupee dipped to a new low of 109.40 against the dollar early Monday, while shares also closed weaker. The rupee strengthened …
Holy Banking
Nov 20, 2006 (LBO) – The Ceylinco group tied up Monday with Malaysia’s Centre for Islamic Finance to set up a faculty for Islamic financial studies …
Long Tenure
Nov 20 (LBO) – Seylan Merchant Bank said Monday it would float ten year listed debentures to raise long term funds to match its lending portfolio. The 95 …
Southern Airport
WEERAWILA, Sri Lanka, Nov 19, 2006 (AFP) - Sri Lanka's president Sunday marked his first year in office by launching work on a new international airport to …
Safety Net
November 17, 2006 (LBO) – Sri Lanka said Thursday they were exploring the possibility of setting up a 40 million dollar government guaranteed fund with …