Not liberal
August 18 (LBO) – Sri Lankan based gas distributor Laugfs, who wants to blend and produce lubricants locally, says conditions for entering the newly …
Industry
Clear Run
August 17 (LBO) - Sri Lanka has got two bids with German and Malaysian funding to build 16 flyovers and interchanges in Colombo over two years, officials said. …
Finance Rating
August 17 (LBO) - Fitch Ratings has given the flagship finance company of Sri Lanka’s Ceylinco Group, a BBB (lka) rating with a stable outlook, the …
Climbing Up
August 16 (LBO) – SriLankan Airlines said Wednesday that it would raise fares by end August for the third time this year, to cope with soaring fuel …
Hidden Costs
August15 (LBO) - Sri Lankan shippers are up in arms against new levies allegedly charged by shipping lines and other vessel operators, under the guise of …
New Generation
Aug 15 (LBO) –Sri Lanka’s largest mobile operator, Dialog Telekom, said it has started South Asia’s first commercial third generation mobile …
Sri Lanka tourism loses some bookings for winter; counts on regional tourism traffic
August 15 (LBO) - Sri Lanka’s tourism industry has seen some cancellations from Europe for this year’s peak winter season following an outbreak in …
One Passenger
The first sale of a license to operate a taxi service, through a call option, ended with no competitive bidding as only one buyer came forward, raising doubts …
Off Track
Aug 13 - (LBO) A scrap iron sale at Sri Lanka’s troubled state-run railway has come under fire from unions after the successful tenderer allegedly …
Thin Client
August 13 (LBO) - A Sri Lanka-based securities trading platform maker says it is planning to market software on a transaction-based fee model next year, …
Bloggers Heaven
PARIS, Aug 11, 2006 (AFP) - Fifty million blogs -- online multi-media journals -- were tracked on the Internet last month, a 100-fold increase over three …
Bankers’ Cry
Sri Lanka’s banks are asking authorities to revive stalled plans to strengthen the Credit Information Bureau (CRIB), while the sector is also facing the …
Dial Free
Aug11 (LBO) - Sri Lanka Telecom’s mobile subsidiary Mobitel just launched aggressive new post-paid tariffs, on the heels of a licence to also rollout …
Big Favours
August 11 (LBO) – Sri Lanka™s Board of Investment is to expand a selective list of exporters and importers who get Green Channel or speedy clearance …
Bank Tie
The Sri Lanka government agency that overseas state-owned enterprises is drawing up plans to merge a state-owned Sri Lankan housing bank with a savings bank …
Top Speed
Aug10 (LBO) – Associated Motorways Limited (AMW) posted an 18 percent jump in net profits to 143.8 million rupees in the first quarter 2007, led by …
Done Deal
August 10 (LBO) – John Keells Holdings said Thursday that it bought up about a million shares or just over an eleven percent stake in Associated …
Writers’ Block
Aug 9, 2006 (LBO) - Reporters Without Borders has called on both sides in Sri Lanka's civil war to see that journalists could continue reporting in areas of …
Postal Finance
Aug 9, 2006 (LBO) - Sri Lanka's postal department is looking to provide agency financial services to boost revenue and reduce its operating deficit. online …
Sri Lanka’s tourism arrivals slip 2.5% in July
August 8, 2006 (LBO) – Sri Lanka greeted fewer visitors for the second straight month in July, as holidaymakers shied away amidst heavy fighting between …