It’s On
May 23, 2007 (LBO) – Sri Lanka's Central Bank says it has strengthened action against pyramid schemes and not halted or scaled down investigations in the …
Industry
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Housing Boom
May 22, 2007 (LBO) – Consolidated net profits at HDFC Bank, a mortgage lender, grew 35 percent while revenues grew 40 percent for the quarter ending …
Call Me
May 22, 2007 (LBO) -- Sri Lanka plans to allow third parties to operate payphone booths in an attempt to popularise them in far flung areas outside the city of …
Sri Lanka media freedom, human rights, law and order sliding
May 22, 2007 (AFP) - Cases of murder, abduction, disappearance and intimidation surface almost daily in Sri Lanka as the South Asian nation appears to be …
Trade Ties
May 22, 2007 (LBO) – Sri Lanka and the Maldives plan to set up a bilateral business council this week to promote trade and investment between the two …
Retail Takeover
May 22, 2007 (LBO) – Listed firm Kshatriya Holdings said it had reached a deal with the owners of Kings Super retail chain to purchase its assets and …
New Port
May 21, 2007 (LBO) – Four investor groups have sent in bids to build the infrastructure and do the dredging for the Colombo Port Expansion Project, a new …
Tourist arrivals to Sri Lanka continue to slide fighting escalates
May 21, 2007 (AFP) - The number of holidaymakers visiting Sri Lanka fell by nearly 20 percent in the first four months of this year as fighting between troops …
Technology Edge
May 19, 2007 (LBO) – Information technology has a component that gives the technology a competitive advantage in business, IT specialists say. That …
New Deal
May 18, 2007 (LBO) – A new deal between the buyer of Japan's NTT stake in Sri Lanka Telecom and the government is being hammered out in a way that will …
Copy Not
May 18, 2007 (LBO) – Sri Lankans are still not aware of the gravity of copyright violations, according to Viinod Nair, representative of top photo agency …
Extra Time
May 18, 2007 (LBO) -- Sri Lanka's telecom watchdog has given the island's first Internet service provider, Lanka Internet Services Ltd. online pharmacy buy …
Direct Contact
May 17, 2007 (LBO) – Sri Lankan unit trusts, which collectively have an investment fund of over five billion rupees, are seeking to popularise their …
Multilevel Media
May 17, 2007 (LBO) – Goldquest kingpin Vijayeswaran Vijayaratnam has financed the operation of at least two Tamil language television stations, the …
Tele Record
May 17, 2007 (LBO) – Telekom Malaysia sold a small part of its 87 percent stake in Dialog Telekom Thursday, driving turnover on the Colombo bourse to an …
No Risk
May 17, 2007 (AFP) - Insurance rates for airlines operating to Sri Lanka are expected to remain unchanged after the government's decision to shut the airport …
Musical Chairs
May 17, 2007 (LBO) – Sri Lanka's Bank of Ceylon, Peoples' Bank and Ceylon Electricity Board is to get new chairmen, a senior presidential aide told LBO. …
Beware
May 16, 2007 (LBO) – An international anti-pyramiding activist has called on Sri Lanka to be vigilant against multi-level marketing schemes that can …
High Bill
May 16, 2007 (LBO) – Eagle Insurance consolidated revenue rose 24 percent to 1.35 billion for first quarter of March 2007, but a higher claims bill …
Step Up
May 16, 2007 (LBO) – Fitch Ratings has upgraded Hatton National Bank's long term rating by one notch to AA- (lka) and the rating outlook also changed to …