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 …
Industry
Safe Funds
LONDON, Sept 24, 2006 (AFP) - Islamic finance is soaring around the world owing to an influx of petro-dollars from the Middle East and growing demand by …
In-Shoring
Sept 22 (LBO) – A Sri Lankan telecom firm shifted its call centre out of the capital to a lower-cost central region of the island, in a trendsetting move …
Lucky Strike
Sept 22 (LBO) –Savers in Sri Lanka, who are losing money because of negative real interest rates in the country, stand to recoup their losses if they get …
Self Service
Sept 22 (LBO) - Some Sri Lankan banks that are shifting traffic off its counters and to self service channels like teller machines and home banking, are doing …
Trade Fiasco
Sept 21 (LBO) – Another round of Indo-Lanka trade talks ended this week, with no firm agreement on resuming controversial duty free exports of vanaspati …
Live Trading
Sept 20 (LBO) – Sri Lanka’s Millennium Information Technologies (MIT) said Wednesday it had developed an automated trading system for the Nairobi …
Luxury resort and spa chain Banyan Tree shelves plans for Sri Lanka
SINGAPORE, September 20 (LBO) –Singapore-based luxury resort and spa chain Banyan Tree has shelved plans for Sri Lanka, as the leisure industry takes a …
Private Space
Sept 20 (LBO) – The government has offered private traders space on board state chartered vessels carrying food to war torn Jaffna on possible commercial …
Talk Cheap
Sept 20 (LBO) – Payphone operator Tritel Services Limited said Wednesday it would slash outgoing call charges by 33 percent, expanding reach into rural …
Airlines, tour operators see no disruption in Sri Lankan traffic to Thailand after coup
Sept 20 (LBO) – Tourist and business traffic from Sri Lanka to Thailand is expected to go on as normal following a military coup there, with few …
Price Cushion
SINGAPORE, September 19, 2006 (LBO) – Sri Lanka said Tuesday it was moving towards eliminating oil subsidies that are threatening to blow a hole in the …
Broader Role
SINGAPORE, September 18, 2006 (LBO) – The International Finance Corporation, the World Bank’s private sector lender, is scaling up operations in …
Small Talk
Sept 18 (LBO) –Telco operator Lanka Bell said Monday it was re-branding its short message service through fixed line phones, to appeal to a wider …
Online Jazz
SAN FRANCISCO, Sept 18, 2006 (AFP) - Internet search titan Yahoo announced plans on Monday to trumpet its revamped search page and enhanced features in a …
Flight Plan
SINGAPORE, September 16, 2006 (LBO) – SriLankan Airlines plans to take ownership of three aircraft currently under lease and extend the lifespan on two …
Japan Power
SINGAPORE, September 16, 2006 (LBO) – Japan has come forward to help Sri Lanka expand its energy mix, with financial backing to build a liquefied natural …
Tit for Tat
Sept 15 (LBO) – Lanka Indian Oil Corp., will drop fuel prices again from Friday to recover a 50 percent loss in volumes due to price wars with Sri …
Asian Trading
MANILA, Sept 15, 2006 (AFP) - The Asian Development Bank said Friday it has launched a 10 billion-dollar Asian currency note programme that would serve as the …
Peace talks could salvage Sri Lanka’s peak winter tourist season
Sept 15 (LBO) – Arrivals to Sri Lanka from some European tourist markets saw another month of declines in August, but tour operators say possible peace …