Deep Cut
July 6, 2006 (LBO) – Sri Lanka's biggest mobile-phone operator Dialog Telekom Thursday slashed outgoing call charges by as much as 50 percent as the firm …
Industry
Mortgage Crisis
July 6, 2006 (LBO) - A top Sri Lankan housing bank has asked the government to exempt housing mortgage lenders from upcoming law aimed at helping smaller …
It™s a Wrap
July 6, 2006 (LBO) – Sri Lanka has slapped a controversial tax on foreign commercials, Hollywood and Bollywood blockbusters, dramas and sitcoms from July …
Nit Picking
July 6, 2006 (LBO) – India's Commerce Minister has raised the red flag on Sri Lankan shipments of vanaspati, pepper and marble, as they are threatening …
Warming Up
July 6, 2006 (LBO) – Sri Lanka plans to issue spectrum for third generation or next generation mobile technology to cellular phone operators next week, …
Horror Movie
The government has finalised tax rates for imported movies, dramas, sitcoms and commercials, with a formal announcement expected on Thursday. online pharmacy …
Big Slap
July 3, 2006 (LBO) – Sri Lanka's Credit Information Bureau or CRIB has warned all banks to come clean and name large scale defaulters or risk paying a …
Default Data
July 2, 2006 (LBO) - A senior central banker has strongly criticized the practice of banks of not reporting influential defaulting clients to the Credit …
Hungry Tax
PARIS, July 2, 2006 (AFP) - Passengers boarding planes in France are now paying a new tax on their tickets to help the world's poor, after the measure came …
Money Talks
July 2, 2006 (LBO) - Sri Lanka has several unused credit lines awaiting disbursement, while small and medium industrialists complain that they cannot get …
Pied Piper
July 1, 2006 (LBO) – Retired banker Lakhman Edward is one of the many few hundred investors bold enough to track their equity portfolio through the …
Cheaper Wheels
June 30, 2006 (AFP) - Sri Lanka's government Friday said it will offer duty free cars and motorcycles to accredited journalists in a bid to ensure the …
Cheap Cheap
June 30, 2006 (LBO) – Ceylon Petroleum Corp or Ceypetco has developed a lower octane gasoline for use in three wheelers, motorbikes, the island's sole …
Serious Contenders
June 30, 2006 (LBO) – More than ten foreign and local telecom operators shown interest in bidding for Sri Lanka's fifth mobile operator's licence, the …
Light Savings
June 29 (LBO) – All consumers who save electricity will get a 10 percent discount on their next bill, while low usage will also be rewarded with free …
Off Range
June 29, 2006 (LBO) – Sri Lanka’s cabinet has agreed clear up frequency spectrum on few bands, as the government looks to attract new operators to …
Default Hit
June 29, 2006 (LBO) - Small Sri Lankan banks are facing the threat of weaker credit ratings, following a government move to lift a law that allows banks to …
More Goodies
June 28 (LBO) – Sri Lanka™s Board of Investment has re-done its tax incentive scheme with an emphasis on off-shore investments and large scale …
High Altitude
June 28, 2006 (LBO) – SriLankan Airlines said Wednesday group net profit in the year to March rose nearly 50 percent annually to 2.04 billion rupees over …
Nest Egg
June 28, 2006 (LBO) - A collective agreement covering the salaries and benefits of the state bank employees is due to be signed Thursday, Sri Lanka's largest …