Take Off
April 26, 2007 (LBO) – Sri Lanka's international airport has re-opened after several flights were diverted as a precautionary measure following reports …
Petroleum
Oil Chase
April 26, 2007 (LBO) – India is eyeing two oil exploration blocks in Sri Lanka with two state oil firms engaging in open bidding as well as taking a …
Port Funds
April 25, 2007 (LBO) –The Asian Development Bank (ADB) Wednesday inked a deal with the Sri Lanka government to lend 300 million dollars to expand Colombo …
Port Consolidation
April 24, 2007 (LBO) – Maersk, the world’s largest container shipping line, is to buy a bigger stake in South Asia Gateway Terminals (SAGT), …
New Formula
April 23, 2007 (LBO) – Sri Lanka's largest petroleum retailer the state-owned Ceylon Petroleum Corporation (CPC) may return to monthly price adjustments …
Price Pressure
April 18, 2007 (LBO) – The Ceylon Petroleum Corporation (CPC) which lost 1.5 billion rupees in 2006 is seeking a price hike to ward off an 800 million …
Pricey Burn
April 16, 2007 (LBO) – A litre of diesel may be raised by five rupees tomorrow in the face of rising global oil prices, Ceylon Petroleum Corporation …
Powerless
April 15, 2007 (LBO) – Sri Lanka lost electricity power Sunday as the entire national electricity grid failed shortly before 3.00 pm local time, …
Power Drive
April 09, 2007 - Sri Lanka Monday officially kicked off work on building a Japanese funded hydro power project in the island's central hills, which will add …
Hedge Win
April 09, 2007 (LBO) – Sri Lanka's petroleum utility will get a 33 million rupee payment this week on the expiry of its first hedging contract for …
Port Builders
April 09, 2007 (LBO) – The Sri Lanka Ports Authority (SLPA) is having a pre-bid meeting Tuesday with private investors keen on building container …
Scenting Oil
April 6 (LBO) – The top official in charge of Sri Lanka’s search for oil has told the corporate sector to be ready to provide the support service …
Hemas Hydro
March 30, 2007 (LBO) – A 2.2 MegaWatt mini-hydro plant built by the power division of Hemas Holding would be connected to the national grid in June, an …
Development Equity
March 27, 2007 (LBO) – The Asian Development Bank (ADB), which is funding the breakwater and dredging of Colombo port's expansion project, may take an …
Hongkong Move
March 26, 2007 (AFP) - Hong Kong's Cathay Pacific Airlines on Monday announced the immediate suspension of flights to Sri Lanka following a rebel air raid on a …
Closed -Update02
COLOMBO, March 26, 2007 (AFP) - Sri Lanka's only international airport was shut early Monday following a suspected Tamil Tiger attack on an adjoining military …
Morning After
March 26, 2007 (AFP) - Tamil Tiger rebels carried out their first ever air raid Monday, attacking a military base on a daring night-time mission that forced …
Power Score
March 23, 2007 (LBO) – Sri Lanka's power utility has got all its troublesome thermal generators on line a top official said, in a week that saw the …
Port Dollars
March 20, 2007 (LBO) – The Asian Development Bank has approved a 300 million dollar loan to expand the Colombo Port, the regional lender said Tuesday. …
Its Official
March 19, 2007 (LBO) – John Keells Holdings (JKH) said Monday it was officially informed by the government that a letter of intent (LOI) would be issued …