At least 85 killed, hundreds injured in Sri Lanka battle
Oct 11, 2006 (AFP) - At least 75 Sri Lankan troops and 10 Tamil Tiger rebels were killed Wednesday and more than 400 soldiers wounded in a major …
All News
Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.
Chattiest Year
October 11, 2006 (LBO) – Sri Lanka’s mobile phone penetration is due to peak at 38 percent in 2008, amidst regulatory bottlenecks to iron …
Singapore to offer free wireless service from 2007
SINGAPORE, Oct 11, 2006 (AFP) - Tech-savvy Singapore will offer free wireless broadband service in public areas from next year, the government said. …
Korean Chips
October 11, 2006 (LBO) – Korea's Samsung Networks Inc has picked up a 15 million dollar contract to digitally link up key Sri Lankan government …
Sri Lanka’s treasury bill rates rise by 50 basis points; speculation of a rate hike
October 11, 2006 (LBO) - Sri Lanka’s borrowing costs went up half a percentage during the weekly treasury bill auction Wednesday, sparking …
Small Screen
CANNES, France, Oct 11, 2006 (AFP) - TV on tiny mobile phone screens may have started out small but it is growing up fast as more and more cellphone …
Free Skies
Oct 11, 2006 (LBO) – Sri Lanka has won additional flights to Indian metropolitan cities Mumbai and Bangalore, following a round of talks with …
Sri Lanka’s trade deficit expands 52.4%; worker remittances top US$1.5bn
October 11, 2006 (LBO) – Sri Lanka's trade deficit expanded 52.4 percent to 2,400 million dollars for the eight months to August, compared with …
Media Gagged
Oct 11, 2006 (AFP) - Escalating violence in Sri Lanka has led to unofficial censorship enforced by intimidation and death threats against …
Say Yes!
October 11, 2006 (LBO) – Sri Lanka’s Sampath Bank Ltd is seeking shareholder approval to raise it's authorise share capital and lift the …
Fitch retains SLTs BB- rating; estimates court ruling to cost Rs 3.0 bn
October 11, 2006 (LBO) - Fitch Ratings affirmed Sri Lanka Telecom’s foreign currency debt as 'BB-' negative outlook, while the telco’s …
Time Capsule
SAN FRANCISCO, Oct 9, 2006 (AFP) - Yahoo set out on Monday to capture life on Earth in digital formats for a "time capsule" to be buried in Silicon …
Small Fee
October 10, 2006 (LBO) – Dialog Telekom, the island's biggest cellular phone operator, has jumped into the lucrative business process …
Extended Credit
Oct 10, 2006 (LBO) – The Asian Development Bank is fielding a mission to Sri Lanka this week to look at supplementary financing for the 300 …
Artillery attacks kill soldier in fresh Sri Lanka fighting
Oct 10, 2006 (AFP) - At least one soldier was killed and another wounded Tuesday in an artillery attack carried out by Tamil Tiger rebels at a de …
Bomb blast kills three in Sri Lanka
Oct 10, 2006 (AFP) - A powerful bomb ripped through a passenger van in Sri Lanka's embattled northern district of Vavuniya on Tuesday, killing the …
Sri Lanka rebels agree on talks in Switzerland
Oct 10, 2006 (AFP) - Tamil Tiger rebels said Tuesday they were ready to resume peace negotiations with the Sri Lankan government but would reconsider …
‘New world’ vineyards stealing a march on Europeans in fast-growing market
PARIS, Oct 10, 2006 (AFP) - Vineyards in the new world and even in China are stealing a march on traditionally dominant European producers in the …
Sri Lanka urges diplomatic end to NKorean crisis
Oct 10, 2006 (AFP) - Sri Lanka, which is backing South Korea's bid to secure the UN Secretary General's post, Tuesday said it hoped that the "issue" …
Shangri La
Oct 10 2006 (LBO) – A lack of land could stand in the way of Sri Lanka clinching top Business Process Outsourcing contracts, the …
Little Choice
October 10, 2006 (LBO) – Indian fuel retailer Lanka IOC is due to receive 5.16 billion rupees in cash and bonds from the government as …
Malaysia to issue four WiMAX licences: minister
KUALA LUMPUR, Oct 10, 2006 (AFP) - Malaysia will issue up to four licences to telecommunication operators to provide "fourth generation" wireless …
Sri Lanka’s first LKR2,000 note to debut on Oct. 17
October 9, 2006 (LBO) - Sri Lanka plans to issue its maiden 2,000 rupee note on October 17, to keep pace with island’s galloping inflation, …
Flying Free
Oct 09, 2006 (LBO) – Sri Lanka and India opened talks on Monday to free up air services between the countries, ahead of Colombo designating new …