Common Understanding
August 01, 2006 (LBO) – Sri Lanka has agreed to extend ˜national treatment™ to Indian banks and allow them to employ up to six expatriate staff, when …
Industry
No Oil
August 01, 2006 (LBO) – Sri Lanka says it may not entertain new investments into expensive oil fired power plants, under a proposed energy policy for the …
On Course
August 01, 2006 (LBO) – Caltex Lanka Lubricants Tuesday reported a 16 percent spike in net profit after tax for the six months ended June this year, on …
Minor Adjustment
August 1, 2006 (LBO) – Sri Lanka's state-owned Ceylon Petroleum Corp has raised fuel prices after a two-month lag to offset a surge in global oil prices, …
Northern Lights
July 31 (LBO) – Sri Lanka has called for interested investors to set up a power plant by end this year, to supply electricity to Jaffna in the …
And FYI
July 31, 2006 (LBO) – Indian oil retailer Lanka IOC Monday raised fuel prices across the board by 5.00 rupees a litre to keep pace with galloping crude …
No Surprises
July 31, 2006 (LBO) – Sri Lanka Telecom, the island's biggest telephone company, said Monday second-quarter profits rose 112 percent, after it signed up …
Local Brands
July 29, 2006 (LBO) – Sales of locally assembled computers rose 20 percent to 11,202 units for the three months to March, though established brands …
Taking Flight
July 29, 2006 (LBO) – Malaysias top budget airline AirAsia is in talks to buy up a minority stake in local carrier Holiday Air, which is due to start …
Hong Kong Hub
July 28, 2006 (LBO) – Sri Lanka Telecom, the island’s biggest fixed line operator, announced plans Friday to float a fully owned subsidiary in Hong …
Tsunami Alert
JAKARTA, July 27, 2006 (AFP) - Indonesian officials said Thursday they plan to install sirens on mobile phone towers to alert coastal areas to potential …
Trade Freeze
GENEVA, July 27, 2006 (AFP) - World Trade Organisation nations endorsed on Thursday suspension of free-trade negotiations after they collapsed on Monday, …
Back to Mommy
July 27, 2006 (LBO) – Sri Lanka’s cabinet has transferred a third of petroleum assets held by the treasury to the state-run Ceylon Petroleum Corp, …
Turbo Charge
July 27, 2006 (LBO) – Dialog Telekom, Sri Lanka's largest cellular phone operator, Thursday posted a 43 percent increase in net profits for the six …
On the Boil
July 26, 2006 (LBO) – Fears of another fuel shortage were sparked off on Wednesday as the government refused to give in to trade union demands and said …
Aitken Spence Hotels re-brands its Maldivian properties
July 26, 2006 (LBO) - Aitken Spence Hotels re-branded its Maldivian properties under a new Adaaran brand, with six of its resort products coming under the new …
Sharp Rise
July 26, 2006 (LBO) – Hatton National Bank, the island's second biggest privately owned lender by assets, Wednesday posted a net profit of 506.46 million …
Early Lead
July 25, 2006 (LBO) – Chinese telecommunications firm Huawei Technologies is expecting around 30 percent gain in sales of third generation handsets …
Just in Case
July 25 (LBO) – Sri Lanka is collecting all details of returnees from war torn Lebanon, to build up a stronger case in the event all affected people are …
Trade Fiasco
July 25, 2006 (LBO) – India has said that few Sri Lankan vanaspati manufacturers have put in bids to resume exports of the vegetable oil, though both …