Hong Kong Hub
July 28, 2006 (LBO) – Sri Lanka Telecom, the island’s biggest fixed line operator, announced plans Friday to float a fully owned subsidiary in Hong …
Industry
Trade Freeze
GENEVA, July 27, 2006 (AFP) - World Trade Organisation nations endorsed on Thursday suspension of free-trade negotiations after they collapsed on Monday, …
Back to Mommy
July 27, 2006 (LBO) – Sri Lanka’s cabinet has transferred a third of petroleum assets held by the treasury to the state-run Ceylon Petroleum Corp, …
Turbo Charge
July 27, 2006 (LBO) – Dialog Telekom, Sri Lanka's largest cellular phone operator, Thursday posted a 43 percent increase in net profits for the six …
Tsunami Alert
JAKARTA, July 27, 2006 (AFP) - Indonesian officials said Thursday they plan to install sirens on mobile phone towers to alert coastal areas to potential …
On the Boil
July 26, 2006 (LBO) – Fears of another fuel shortage were sparked off on Wednesday as the government refused to give in to trade union demands and said …
Aitken Spence Hotels re-brands its Maldivian properties
July 26, 2006 (LBO) - Aitken Spence Hotels re-branded its Maldivian properties under a new Adaaran brand, with six of its resort products coming under the new …
Sharp Rise
July 26, 2006 (LBO) – Hatton National Bank, the island's second biggest privately owned lender by assets, Wednesday posted a net profit of 506.46 million …
Breakthrough
July 25, 2006 (LBO) – The Sri Lankan government bought two weeks grace period from petroleum sector trade unions late Tuesday, with fuel stocks expected …
Early Lead
July 25, 2006 (LBO) – Chinese telecommunications firm Huawei Technologies is expecting around 30 percent gain in sales of third generation handsets …
Just in Case
July 25 (LBO) – Sri Lanka is collecting all details of returnees from war torn Lebanon, to build up a stronger case in the event all affected people are …
Trade Fiasco
July 25, 2006 (LBO) – India has said that few Sri Lankan vanaspati manufacturers have put in bids to resume exports of the vegetable oil, though both …
Txt Me
LONDON, July 24, 2006 (AFP) - Mobile phone text messages are changing the way people approach romantic relationships, according to a survey published Monday in …
IFC to pilot online accommodation booking service for Sri Lanka
July 24 (LBO) – International Finance Corp is to pilot an online accommodation booking portal in Sri Lanka, so small and medium hotels can access global …
Finance Rating
July 24 (LBO) – Lanka Ratings Agency (LRA) has given a BBB3 rating to the deposit-taking finance company LB Finance. LRA said it had a favourable view of …
Square One
GENEVA, July 24, 2006 (AFP) - Key negotiators have made no progress as they try to bridge persistent differences and end a deadlock in the World Trade …
Empty Tank
July 24 (LBO) – An ongoing strike by trade unions at Sri Lanka’s petroleum distribution facility could cripple supplies at fuel sheds, if it …
Back Onboard
July 22, 2006 (LBO) – Sri Lanka's main port is limping back to work following government assurance to consider striking workers demand for a pay hike, an …
Lace Curtain
July 22, 2006 (LBO) – Sri Lanka is to form a national media policy to regulate content aired on local television channels, President Mahinda Rajapakse …
Drifting Away
July 21, 2006 (LBO) – Sri Lanka's main export industry is reeling due to the ongoing strike at the Colombo port, amid moves by feeder vessel operators to …