Air Pocket
GENEVA, Aug 30, 2006 (AFP) - The world's top airline association on Wednesday predicted a dip in air travel due to the British terror alert this month, but …
Industry
Cable Cut
August 30, 2006 (LBO) – The Asian Development Bank has dropped the second loan installment due to Sri Lanka, as the government is reluctant to push ahead …
Aitken Spence to raise million of dollars in India for Kerala hotel project
August 29, 2006 (LBO) – Aitken Spence Hotels Holdings together with an Indian partner plans to raise up to ten million dollars in India, to fund its …
Red Ink
August 29, 2006 (LBO) – Indian fuel retailer Lanka IOC Ltd reported a net loss of 584.0 million rupees for the three months to June on Tuesday, citing …
Security Cable
August 29, 2006 (LBO) – Cable operator CBNSat may need Defence Ministry clearance to re-start transmission, as the company steps up its public campaign …
Top Offers
August 28, 2006 (LBO) – Just over ten foreign and local firms put in bids for a license to market lubricants in Sri Lanka, when offers closed on Monday, …
Oil Options
August 28, 2006 (LBO) – Sri Lanka is trying to terminate an agreement with Norwegian survey company TGS Nopec and buy up three years worth of seismic …
Battle Plan
August 26, 2006 (LBO) – Sri Lanka is trying to clinch a free trade deal with Canada to push its apparel exports, with the industry also promised a …
Rocket Ride
August 25, 2006 (LBO) – Cheque usage in Sri Lanka has rocketed up, after an image clearing system is speeding up clearing, an official said. Sri Lanka's …
Backup Band
Aug 24, 2006 (LBO) – Sri Lanka's accounting watchdog has formed a committee to of experts to facilitate the flow emerging trends in accounting and …
Tinkering Job
August 24, 2006 (LBO) – Sri Lanka's financial intelligence unit is looking to raise the threshold on money transactions that have to be reported to …
Giving Hope
August 23, 2006 (LBO) – Vanik Inc., Wednesday offered creditors a chance of swapping their debt in return for equity, and also disclosed plans to reduce …
Standing Tall
August 23, 2006 (LBO) – Overseas Realty Ceylon said Wednesday they would raise 1.25 billion rupees through a rights issue to buy up of a 60 percent stake …
High Note
August 23, 2006 (LBO) – Sri Lankan apparel exports to Europe grew by as much as 30 percent in June, as manufacturers made better use of tax breaks to the …
Four conferences in Sri Lanka cancelled on security fears
August 22, 2006 (LBO) – Four global conferences to be hosted by Sri Lanka later this year have been cancelled on security fears, though the island is …
Still Stuck
August 22, 2006 (LBO) – Sri Lankan manufacturers of vegetable oil vanaspati say unsold shipments are stuck in Indian ports and in local factories after …
Big Step
August 22, 2006 (LBO) – Commercial Bank of Ceylon Tuesday posted a 69 percent rise in group profits for the six months to June boosted by growth in net …
Breaking Barriers
August 22, 2006 (LBO) – Sri Lanka's long-suffering fund management industry is working with market regulators to promote closed-end funds and give an …
Trade Barriers
August 21, 2006 (LBO) – Sri Lanka has set an end September deadline to implement commitments under its trade deals with India, Pakistan and other South …
India Shines
August 21, 2006 (LBO) – Sri Lanka's Dutch Lanka Trailers has stepped up investments plans in India following a 2 million dollar equity injection through …