Open Sesame
Mar 23 (LBO) - Sri Lanka will have to further relax import tariffs on goods like cement from April this year under its trade deal with India, with customs …
Industry
Growing Money
Mar 22 (LBO) - Lanka Transformers were given a first subsidy payment on Wednesday for generating electricity from trees, under a new scheme to encourage …
Sri Lanka’s leisure industry recovers in February
Mar. 22 (LBO) -- Sri Lanka's tsunami-hit tourism industry continued to recover this year, with arrivals for the two months to February rising 40. online …
Re-Shuffle
Mar. 22 (LBO) – Sri Lanka has changed the license fee structure for lubricant operators giving players an option of paying a flat fee or a percentage on …
On Hold
Mar. 21 (LBO) – Sri Lanka Telecom, the island's dominant fixed-line operator, Tuesday said it would stop connecting new subscribers through Code Division …
Flagged Off
Mar 21 (LBO) – Sri Lanka's Caltex Lanka Lubricants will ship five million litres of lubricant oils into Bangladesh, its first foray into the country and …
Legal Muscle
Mar. 21 (LBO) – Sri Lanka's Parliament Tuesday passed amendments to several financial bills, including a tax on foreign television programmes and …
Comfort Letter
Mar. 20 (LBO) – Sri Lanka’s telecommunications regulator has upheld two private fixed operators’ claim to import handsets duty free, and …
Dollar Gush
Mar. 20 (LBO) – Non-governmental organisations operating in Sri Lanka's tsunami-hit regions has received Rs40.1 billion (US$400 million) in aid for …
Home Bound
Mar 20 (AFP) - More than 100 US troops who were stranded in Sri Lanka after their aircraft made an emergency landing last week left the island Monday aboard a …
It’s a curse
Mar. 19 (LBO) - A prominent parliamentarian representing the minority Tamil community had branded a controversial government decision to tax television …
Good Marks
Mar. 17 (LBO) – Sri Lanka's Central Finance Company Ltd., picked up a A+(sri) credit rating from Fitch Ratings Lanka Ltd for their senior unsecured …
Brand Bible
Mar. 17 (LBO) -- Sri Lanka's top brands, from tea to popular ayurvedic balms could get a listing in a global catalogue of super-brands, by September this year. …
Sri Lanka splashes US$ 1 mn to lure Indian holidaymakers
Mar 17 (LBO) -- Sri Lanka will launch a US$ 1 million ad campaign into India on Saturday, to entice travelers from Delhi, Mumbai and Bangalore to come …
Direct Link
Mar. 16 (LBO) – Deutsche Bank AG's Colombo branch plans to scale up its presence here by luring big corporates and multinationals to use their state of …
Done Deal
Mar 15 (LBO) - The Treasury inked a deal with China National Machinery and Equipment Corporation on Wednesday, to build a US$ 455 million power plant in …
Extra Support
Mar. 14 (LBO) – The International Finance Corp. said Tuesday that they have tied up with four Sri Lankan banks to increase access to finance small and …
Digital Actuaries
Mar13. (LBO) -- Sri Lanka’s accountants have come up with a digital solution to combat the shortage of actuaries in the country. The solution involves …
Expensive Chat
Mar. 13 (LBO) – Sri Lanka's two private wireless local loop telecom operators have been called up to pay around Rs. 400 million as duties for importing …
Basic Pay
Mar13. (LBO) -- Sri Lanka™s public sector unions are threatening a 24hour strike later this week as a dispute over a proposed pay hike continues. online …