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 …
Industry
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 …
Foundation Stone
June 27, 2006 (LBO) – Sri Lanka's President Mahinda Rajapakse Tuesday launched a new state-own development bank aimed at assisting small and medium scale …
Adding Beds
June 27, 2006 (LBO) – Sri Lanka's Asha Central Hospital has bought land in Colombo to build a new 200-bed hospital, its Managing Director said Tuesday. …
Cable Guys
June 26, 2006 (LBO) – Sri Lanka Monday asked satellite television broadcasters to get themselves registered and fixed an annual fee of 500,000 rupees. …
Nice Fit?
KUALA LUMPUR, June 25, 2006 (AFP) - Malaysia's top mobile phone operator Maxis Communications is bidding for Sri Lanka's fifth mobile operator's licence along …
Pressure Points
BANGALORE, India, June 25, 2006 (AFP) - Soaring salaries and poor quality of manpower are prompting foreign firms to shut their outsourcing operations in India …
Humble Abode
June 23, 2006 (LBO) - Sri Lanka's housing authority is to set up a low income housing fund to help re-locate people in Colombo's under-served areas, run-down …
Seamless Access
June 23, 2006 (LBO) – Over a dozens firms have responded to the telecom watchdog's call to take up a WiMAX license and offer services islandwide, the …
On Paper
June 23, 2006 (LBO) - Malaysia will build Sri Lanka's Colombo-Kandy Highway, with an agreement for a feasibility study signed by the two sides this week, the …
Plum Job
June 22, 2006 (LBO) – Sri Lanka Thursday appointed Ajith Nivard Cabraal as the governor of the Central Bank, president Mahinda Rajapakse’s office …
Big Bank
June 22, 2006 (LBO) – Sri Lanka will merge several state-owned banks catering to small medium sector enterprises into one larger bank, a top government …
Hemas Holdings may jointly develop hotels with Thailand’s Minor International
June 22, 2006 (LBO) – Sri Lanka's Hemas Holdings Ltd may partner with Thailand's largest quoted resort and fast food operator Minor International Public …
Direct Orders
June 22, 2006 (LBO) – Sri Lanka Thursday said it will begin registering and regulating all broadcast satellite services, amidst the recent controversial …
Ships Ahoy
June 21 (LBO) – The Shipping Corporation has clinched a deal with Iran to buy an oil tanker and two container ships to begin feeder operations to the …
Web Net
SAN FRANCISCO, June 20, 2006 (AFP) - Fresh from a fight with US officials over the sanctity of online search information, Google on Tuesday joined an alliance …
Quiet Walk
June 21, 2006 (LBO) – State Bank of India plans to expand its reach in Sri Lanka, making use of an upsurge in business climate since the February 2002 …
Tourists travel cautiously May arrivals show slow growth
June 20, 2006 (LBO) – Tourist arrivals to Sri Lanka showed slow growth in May as local violence grows and travel from some European and South Asian …
Calling Home
SINGAPORE, June 20, 2006 (AFP) - Future expansion in the mobile telephone business will come from developing economies whose less than affluent consumers …
Zipping Through
June 20, 2006 (LBO) – Sri Lanka Telecom, the island’s biggest fixed line operator, plans to rollout a 200 million rupee project next month to …