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 …
Industry
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 …
Cheap Cheap
June 30, 2006 (LBO) – Ceylon Petroleum Corp or Ceypetco has developed a lower octane gasoline for use in three wheelers, motorbikes, the island's sole …
Cheaper Wheels
June 30, 2006 (AFP) - Sri Lanka's government Friday said it will offer duty free cars and motorcycles to accredited journalists in a bid to ensure the …
Off Range
June 29, 2006 (LBO) – Sri Lanka’s cabinet has agreed clear up frequency spectrum on few bands, as the government looks to attract new operators to …
Light Savings
June 29 (LBO) – All consumers who save electricity will get a 10 percent discount on their next bill, while low usage will also be rewarded with free …
Default Hit
June 29, 2006 (LBO) - Small Sri Lankan banks are facing the threat of weaker credit ratings, following a government move to lift a law that allows banks to …
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 …
Nest Egg
June 28, 2006 (LBO) - A collective agreement covering the salaries and benefits of the state bank employees is due to be signed Thursday, Sri Lanka's largest …
Welcome Back
June 28, 2006 (LBO) – India has asked Sri Lankan vanaspati manufacturers to begin exports of the vegetable oil under new controls, amidst trade talks …
Housing King
June 28, 2006 (LBO) – HDFC Bank, the island's largest housing bank, plans to expand its core business with moves to get into property development, an …
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 …
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. …
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 …
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 …
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 …