Friendship Bridge
August 7, 2006 (LBO) – The United States government Monday kicked off a project to build a 10.6 million dollar high-tech bridge at Arugam Bay, to replace …
Industry
Good Money
August 7, 2006 (LBO) – Sri Lanka has picked up 12 million rupees to date from taxing foreign movies, dramas and sitcoms aired on local television …
Mouse Trail
LAS VEGAS, Nevada, Aug 6, 2006 (AFP) - High-tech passports touted as advances in national security can be spied on remotely and their identifying radio signals …
Recovery Time
August 04, 2006 (LBO) – Feeder vessels operating in Colombo said they would remove a cost recovery surcharge imposed on ships calling on the island, from …
John Keells picks up new Maldivian resort for US$12.5 mn
August 04, 2006 (LBO) – Sri Lanka's largest hotel operator, John Keells Holdings Friday said they have picked up their fifth Maldivian resort for 12.5 …
Google Powered
Aug 04 (LBO) – Popular Internet search engine Google has given the Lanka Software Foundation 25,000 dollars to drive open source software projects …
Mutual Ties
August 4, 2006 (LBO) – Sri Lanka and India have agreed to recognise product certificates issued in both countries, cutting down red tape and transaction …
Corporate Chase
August 3, 2006 (LBO) -- Sri Lanka's Bank of Ceylon, a state-owned bank which is heavily involved in financing the government, is targeting corporate clients …
Hidden Surprise
August 3, 2006 (LBO) – Sri Lanka Telecom is expecting a 75 percent rise in full-year net profits as its cellular subsidiary makes a quick turnaround, …
Tie-breaker
August 03, 2006 (LBO) - Sri Lanka and India made a breakthrough in crisis talks held this week to resume duty free exports of vanaspati oil to India. online …
Winning Round
Aug 03 (LBO) – Sealed cable television company CBNSat said Thursday that they had won a court order for a two week test transmission and to service its …
Hornet’s Nest
August 2, 2006 (LBO) – Sri Lanka's Central Bank Wednesday said balances of dormant accounts taken over by can be claimed back by their rightful owners. …
Going Nowhere
August 02 (LBO) – Sri Lanka’s first toll road is still on the shelf without funding, with the government saying they will even consider commercial …
No Oil
August 01, 2006 (LBO) – Sri Lanka says it may not entertain new investments into expensive oil fired power plants, under a proposed energy policy for the …
On Course
August 01, 2006 (LBO) – Caltex Lanka Lubricants Tuesday reported a 16 percent spike in net profit after tax for the six months ended June this year, on …
Minor Adjustment
August 1, 2006 (LBO) – Sri Lanka's state-owned Ceylon Petroleum Corp has raised fuel prices after a two-month lag to offset a surge in global oil prices, …
Common Understanding
August 01, 2006 (LBO) – Sri Lanka has agreed to extend ˜national treatment™ to Indian banks and allow them to employ up to six expatriate staff, when …
No Surprises
July 31, 2006 (LBO) – Sri Lanka Telecom, the island's biggest telephone company, said Monday second-quarter profits rose 112 percent, after it signed up …
Northern Lights
July 31 (LBO) – Sri Lanka has called for interested investors to set up a power plant by end this year, to supply electricity to Jaffna in the …
And FYI
July 31, 2006 (LBO) – Indian oil retailer Lanka IOC Monday raised fuel prices across the board by 5.00 rupees a litre to keep pace with galloping crude …