Ceylon Hotels Corp to woo more locals after earnings gets hit last year
Jan 24 (LBO) – Ceylon Hotels Corporation, which runs a chain of state owned hotels and rest-houses around the island, is trying to woo more local …
Industry
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Regional Aspirations
January 24 (LBO) – The proposed merger of Sri Lanka's National Development Bank and Commercial Bank will give the merged entity more clout to spread its …
Race leaders
January 23, (LBO) – Associated Motorways (AMW) has cornered 31 percent of Sri Lanka's brand new car market the budget agency Maruti winning 28 percent, …
Migrant Perks
January 23, 2007 (LBO) – The government plans to raise the duty free allowances for Sri Lankans retuning from foreign employment to 5,000 dollars, an …
Hemas and Minor Group of Thailand to re-brand Sri Lanka hotel chain
Jan 23, 2007 (LBO) - Serendib Group of Hotels signs agreement with the Minor Group of Thailand to develop and manage properties owned by the Serendib Group …
Wireless Talk
Jan 23 (LBO) – Sri Lankan mobile operator Dialog said Tuesday it had rolled out broadband wireless services for a few pilot customers, with plans to …
Talking Up
MUMBAI, Jan 23, 2007 (AFP) - India's largest private phone company, Bharti Airtel, posted Tuesday a third quarter net profit surge, which more than doubled and …
In Tune
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Secret World
KYOTO, Japan, Jan 22, 2007 (AFP) - In these days of the Internet, cellphones and iPods, few Japanese girls still dream of becoming a geisha with a strict life …
High Alert
January 22, 2007 (LBO) – Sri Lanka plans probe deeper into the financial activities of non-governmental organizations, by beefing up its financial …
Cool Chat
January 22, 2007 (LBO) – Motorola Inc plans to introduce a low budget handset next month to popularize the use of cellular phones among less affluent …
Switching Channels
January 19, 2007 (LBO) – Sri Lanka plans to abort contracts of greenfield radio station operators and instead offer them to new investors, in a crowded …
Tight Control
Sri Lanka limited Friday the ownership of banks to prevent individuals or groups making hostile takeover bids that could destabilise the country's small …
Indian Visitor
January 18, 2007 (LBO) – India's Bharti Airtel Ltd has been tentatively picked to take up a slot as Sri Lanka's fifth mobile phone operator, the island's …
In a stroke
January 18 (LBO) - Sri Lanka is banning the import of three-wheeler taxis that use two-stroke piston engines from next year, to reduce pollution in urban …
Herbal Remedy
Jan 18, 2007 (LBO) – Sri Lanka is promoting the cultivation of herbs used in indigenous medicine, through a network of farm villages, in a bid to cut …
Jaffna Power
January 18, 2007 (LBO) – Sri Lanka's power utility has signed up a new independent power supplier for the northern Jaffna area, and extended the …
Off Air
Jan 18, 2007 (AFP) - Sri Lanka stopped mobile phone services for nearly half a million users in the island's embattled east as government troops were locked in …
African Wings
Jan 16, 2007 (LBO) – A Sri Lankan firm, which has built a freight forwarding network spanning eight coastal African nations plans to rapidly expand …
Unit Gains
Jan 17, 2007 (LBO) – Investors in mutual funds with an equity component have managed to beat raging inflation last year, with Sri Lanka's youngest fund, …