Piggy Bank
Feb. 28 (LBO) – Sri Lanka is set to launch a new development bank in April to promote future reconstruction and development work, a top …
All News
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The Sri Lankan government has begun work on new tourism zones
Feb 27 (LBO) - The Sri Lankan government has begun work on new tourism zones, acquiring land for development so that it can be rolled out for …
Sri Lanka stands by ceasefire with LTTE, though it is illegal.
Feb. 26 (LBO) - The government will abide by the agreements reached with the LTTE in Geneva, despite the original ceasefire agreement being illegal, …
Higher Rent
Sri Lanka’s housing finance giant HDFC Bank reported a sharp drop in profits and profitability for the last quarter of 2005, on higher staff …
Setting Sail
Feb. 24 (LBO) – State-run shipping carrier is floating its own service to tap the feeder business in the Indian subcontinent and plans to tap …
Red Flag
The woes the Indian state oil giant IOC’s Sri Lankan unit continues, as the firm took an unprecedented hit on its accounts to provision off a …
Ice Breaker
Feb 23 (LBO) - The Commercial High Court on Thursday rapped NDB Bank's top brass over allegations of mismanagement, asking for cause as to why they …
Mobile Growth
Feb 23 (LBO) – Dialog Telekom, a unit of Telekom Malaysia Bhd said Thursday it is splurging US$150 million to expand its network by over 50 …
Rural Cover
Jan 23 (LBO) – The Asian Development Bank will help take insurance products to poor households in Sri Lanka, through a US$ 600,000 technical …
Sri Lanka sets a record for January tea exports
Feb. 23 (LBO) - Sri Lanka shipped 24. online pharmacy buy diflucan with best prices today in the USA buy flomax online …
Sri Lanka plans coin series, stamp to commemorate upcoming Buddhist anniversary.
Feb. 22 (LBO) -- Sri Lanka is planning to issue a series of coins to commemorate the upcoming 2550th Bhuddha Jayanthi, but details are still being …
Sick Leave
Feb 22 (LBO) - Some workers at Sri Lanka's state owned power utility struck work on Wednesday in protest over unpaid wages, without disrupting power …
State Birth
The Sri Lankan government is planning a Rs. 2.2 billion capital injection into the failed Pramuka Bank, in hopes of reviving it as a state-owned …
Government plans new coins to commemorate religious anniversary
Feb. 21 (LBO) -- Sri Lanka's Central Bank is preparing to issue two new coins commemorating the 2550th 'Bhuddha Jayanthi', a top official of the …
Last Warning
Feb. 21 (LBO) - About 50 public sector trade unions called off a planned strike, giving the government a ten day ultimatum to sort out salary …
Vote: With the ballot or with your feet?
Feb 21, 2006 (LBO) -- In some discussions in 2002-04 when the government was interested in a bridge cum utility conduit over the Palk Strait (the now …
Cost Base
Feb. 21 (LBO) -- Sri Lanka’s telecom tariffs will be put to the test under a new cost based study initiated by the island’s telco …
Money changers given more time to put up capital
Feb 20 (LBO) - Money changers who lost their license have been given a second chance by the Central Bank to continue their business. buy lariam …
Hard Boiled
Feb. 20 (LBO) – Sri Lanka is staying tough on bird flu regulations, despite reports that an Indian man suspected to have died of avian …
Here’s Hoping
Reports that the treasury has set off tax liabilities of the Ceylon Petroleum Corporation against the full subsidy due from the government, has …
Treasure Hunt
Feb. 20 (LBO) - India's Reliance group is scouting for investment opportunities in Sri Lanka, with an eye on oil exploration in potential areas off …
Celluloid Ratings
Feb. 19 (LBO) – Sri Lanka is to go ahead with a controversial plan to tax imported film and television programs, which may result in the …
Killer Kindness
Feb 18, (LBO) - Due ignorance about basic economics, the poor in South Asia are seeing economy-wide price rises, and resources that could be used to …
Sri Lanka plans rated bond to restructure debt
Feb. 17 (Dow Jones)-- Sri Lanka wants to float an international bond this year to gauge market response as well as see if it can raise debt at a …