Saudi Funds
October 03 (LBO) – Sri Lanka is in talks with Saudi Arabia to secure over 500 million dollars to expand the island’s oil refining capacity, with …
Industry
Hard Facts
WASHINGTON, Oct 3, 2006 (AFP) - The low-cost allure of emerging economies for Western companies is overdone once the meagre productivity of their workers is …
Expensive Dreams
October 03 2006 (LBO) – Sri Lankans are still snapping up luxury cars like Audi’s despite stiff government taxes, to discourage vehicle sales and …
Native Mobile
October 02 2006 (LBO) – Nokia, the world's largest mobile phone maker, has sold over 5,000 handsets equipped with Sinhala language settings and keypads, …
Four Play
October 02, 2006 (LBO) – Dialog Telekom has picked up a radio and television frequency license, which gives them the edge to rollout a host of …
Gold Twist
October 1, 2006 (LBO) – In another twist to the continuing GoldQuest controversy, remaining officials of the anti-pyramiding unit, that probed the …
New Ball
September 30, 2006 (LBO) -- Ceylon Petroleum Corp. (CPC) Chairman Jaliya Medagama resigned Saturday citing personal reasons. Medagama will be succeeded by …
Small Print
September 29, 2006 (LBO) – Commercial Bank of Ceylon secured a AA(lka) for its upcoming 1.5 billion rupee debenture, with Fitch Ratings asking the bank …
Family Ties
September 28, 2006 (LBO) -- The Strategic Enterprise Management Agency (SEMA) and top state bank officials are due to present a comprehensive proposal to the …
Mutual Benefits
Sept 28 (LBO) – Japan™s Asia Pacific University (APU) tied up with Sri Lanka™s Chartered Institute of Management Accountants and the ICT Agency this …
Hedge Advice
Sept 28, 2006 (LBO) - Sri Lanka should hedge oil prices to mitigate negative effects on the economy, by entering into contracts with foreign banks, the …
Higher Bar
Sept 28 (LBO) – The Sri Lankan government said Thursday that it would amend the country’s Finance Companies Act, to allow minimum capital …
Streaming Fast
September 28 2006 (LBO) – India’s Bharat Sanchar Nigam Limited Thursday officially kicked off a 1.8 billion rupee undersea cable unit with Sri …
Precious Data
Sept 27, 2006 (LBO) – India's Oil and Natural Gas Corp and British Gas have bought up seismic data on potential oil deposits off Sri Lanka’s west …
Pricing Wars
Sept 27 (LBO) – Sri Lanka's state oil giant Ceypetco dropped fuel prices on Wednesday to appease trade unions, but has been helped by falling world …
Pending News
September 26, 2006 (LBO) – Lanka IOCs share prices perked up Tuesday after the Indian fuel retailer announced plans to ink a deal next week, which …
Wide Choice
Sept 26, 2006 (LBO) – Japanese telco NEC Tuesday inked a deal with Sri Lanka's Steuartel (Pvt) Ltd to sell its cellular handsets in the local market. "We …
Seamless Solutions
September 26, 2006 (LBO) – Cisco Systems, the world's leading supplier of network equipment and solutions, hopes to double its sales in Sri Lanka as …
Oil Slump
SINGAPORE, Sept 25, 2006 (AFP) - Oil prices fell back below 60 dollars in Asian trade Monday to their lowest level in six months, before regaining some ground, …
Trade Discounts
Sept 25 (LBO) – Sri Lanka has slashed tariffs by up to 70 percent on top imports like cement imported duty free from India, under a trade deal with the …