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 …
Industry
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 …
Hedging Option
Sept 14 (LBO) – Sri Lanka is looking at oil futures to hedge against increasing crude prices and control the island’s runway oil bill next year, …
Settling Debts
Sept 14 (LBO) – Sri Lanka’s private port operator South Asia Gateway Terminals said Thursday that it has raised 48 million dollars through a …
Member ID
Sept 14 (LBO) – The Hayley™s group said Thursday that it had tied up with Bartronics India Limited to develop and market identification devices such as …
Steady Growth
Sept 13 (LBO) – Sri Lanka and India are likely to clock in about three billion dollars in bilateral trade in the next year, despite some troubled …
Hollywood vs. China
BEIJING, Sept 13, 2006 (AFP) - Six Hollywood studios said Wednesday they had filed suit against Chinese firms for allegedly selling illegal copies of their …
Vehicle Rating
Sept 13 (LBO) – Sri Lanka’s largest leasing company People’s Leasing got a stable A-(lka) long term rating from Fitch Ratings Lanka, led by …
Time Please
September 12, 2006 (LBO) – Sri Lanka's banks has sought extra time from monetary authorities to report dormant accounts with only ten banks reporting …
Higher Plane
September 12, 2006 (LBO) – Sri Lanka’s Janashakthi Insurance Company Ltd said its profits grew 324 percent to 209.5 million during the financial …
Different Package
Sept 11, 2006 (AFP) - Finance ministers and top officials from Commonwealth countries meeting Monday in Sri Lanka's capital said they will seek ways to cancel …
Minting Money
September 11, 2006 (LBO) -- Sri Lanka's Central Bank is spearheading a campaign to push up foreign exchange remittance from countrymen residing overseas, in an …
Burning Question
Sept 11, 2006 (LBO) – Oil will feature high on the agenda when Commonwealth finance ministers meet in Colombo, with delegates due to share ideas on how …
Spreading Fat
Sept 11, 2006 (LBO) – Sri Lankan producers of vanaspati a vegetable oil, are trying to break into the domestic market and diversify exports after being …
Rural Reach
September 8, 2006 (LBO) – Sri Lanka Telecom said Friday they were in talks with payphone operator Tritel Services (Pvt) Ltd to buy an equity stake. …
Snug Fit
SHANGHAI, Sept 8, 2006 (AFP) - Already known as the world's factory floor, China now wants to turn into an international outsourcing powerhouse, a report said …
Shrinking Wallets
Sept 08, 2006 (LBO) – Sri Lanka™s clothing trade, which employs about a million workers, is opposing trade union efforts to jack up minimum monthly …
Better Mix
Sept 08, 2006 (LBO) - Local businessmen have been asked to diversify exports to Pakistan outside of a few traditional commodities, and fast, to fully exploit …
Clean Records
Sep 7, 2006 (LBO) - The credit information has started to clear the credit records of former defaulters who have repaid their loans, a top official said. …
Sea Rescue
Bangladeshi crew rescued from sinking ship COLOMBO, Sept 7, 2006 (AFP) - Sri Lanka's navy rescued 34 Bangladeshi nationals Thursday who were aboard a crippled …