Industry

Lost & Found

COLOMBO, July 12, 2006 (AFP) - Sri Lanka announced Wednesday it would seize an estimated 30 million dollars in dormant bank accounts as part of a drive to …

Trade Block

July 11 (LBO) – A tariff cut of up to 70 percent on goods like cement imported under the Indo-Lanka free trade deal, has been pushed back to September …

In Control

KUALA LUMPUR, July 12, 2006 (AFP) - Tony Fernandes, head of budget carrier AirAsia, will ensure the airline remains Malaysian owned and not sell shares to …

Fuelling Wars

July 11 (LBO) – Sri Lanka’s energy minister wants nine billion rupees from the Treasury to settle Ceylon Petroleum Corp’s subsidy bill, as …

Winning Words

July 11 (LBO) – Sri Lanka™s Editors Guild will honour print journalists Tuesday evening at its annual awards ceremony for journalistic excellence in …

Quick Sand

July 9, 2006 (LBO) – Sri Lanka will continue to subsidise retail fuel prices in the absence of a new pricing formula, as Colombo threatened to takeover …

Oil Conundrum

July 9, 2006 (LBO) - Sri Lanka's main opposition charged that weak economic management was the cause of galloping inflation in the country and not oil prices. …

Audit Rider

July 7, 2006 (LBO) – A parliamentary body which oversees public finances, plans to bring a law to beef up the office of Sri Lanka’s Auditor …

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, …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …