Flying Forward
Flying Forward March 20 (LBO) SriLankan Airlines is adding a third weekly flight to the Indian coastal resort of Goa, moving closer to becoming first scheduled …
Industry
Powder Keg
March 20, 2007 (LBO) – Sri Lanka is bracing for a steep rise in milk powder prices, with a drought in Australia pushing international dairy product …
Indo Finance
March 20, 2007 (LBO) – Chennai based Indian Bank is looking to expand operations in Sri Lanka after boosting its capital at its branch this year, …
Telecom Sale
March 20, 2007 (LBO) – A Malaysian firm has been given the go ahead to conduct a due diligence of Sri Lanka Telecom (SLT) ahead of a possible sale of a …
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 …
Aspiration Gap
March 19, 2007 (LBO) – Lining up for ˜good™ jobs coupled with limited access to quality education and training have upped levels of unemployment among …
Rating Rap
March 19, (LBO) – A lease-backed securities issue of Senkadagala Finance had its A (lka) national rating affirmed Monday, but Fitch Ratings said minimum …
Triple Play
March 19 (LBO) - Gloom over the spectacular telecom busts in the last decade has given way to a new round of optimism worldwide and the new mantra for the …
Phone Cover
March 18, 2007 (LBO) – From fashion accessory to personal organizer to entertainment provider, mobile phones have become every persons must-have, turning …
Sino Access
March 17 (LBO) – Sri Lanka and China have agreed to expand air links following talks in Beijing this week, paving the way for 28 weekly flights, the …
Marine Land
March 15 (LBO) - Sri Lanka has accepted a proposal to reclaim the sea and develop 450 acres of land alongside the Colombo Port by John Keells Holdings (JKH), a …
Light Rail
March 15 (LBO) – Sri Lanka has given a private consortium of Indian and Singaporean firms the green light to develop a firm proposal with financing in …
No Skin
March 14, 2007 (AFP) - Sri Lanka banned on Wednesday the use of naked or semi-naked models in advertising, saying it was seeking to protect those offended by …
Health Wins
March 14 (LBO) - Sri Lanka's health service is now detecting tuberculosis patients faster and the infection rate of the once fatal disease is trending down, …
Second Life
March 14 (LBO) – After several false starts, the failed Pramuka Bank would start operations 0n June 01 as the Sri Lanka Savings Bank, the finance …
Suntel Sale
March 14 (LBO) – Seven suitors are chasing Sri Lanka's wireless operator Suntel, but its parent Telia of Sweden may even consider a stock market listing …
Bowled Over
March 14 (LBO) – Sri Lanka's power utility is on a drive to provide uninterrupted supply to the country, while facing googlies from depleting hydro …
Plastic Money
March 13 (LBO) – Visa International will give Sri Lanka's 1.5 million plastic card market a boost, by issuing mini debit cards with Sampath Bank, …
Competitive Drive
March 13 (LBO) - Intense competition among Sri Lanka's telcos will drive growth, with Dialog leading the pack and lifting earnings of its parent Malaysia …
Claims Toll
March 12, 2007 (LBO) – Union Assurance net profits fell 41 percent in 2006, with high claims bill taking its toll, but gross premiums grew by 28 percent, …