Sri Lanka’s Serendib Hotels to sell 20% stake to Thai resort operator, Minor International
Sept 05 (LBO) – Serendib Hotels said Tuesday it would go in for a private placement to sell a 19.90 percent stake in the company to Minor International …
Industry
Trade Breaks
Sept 05 (LBO) – India is drawing up a more favourable package for Sri Lankan garment exports to the country under the Indo-Lanka trade deal. Quotas on …
Oil Brokering
Sept 06 (LBO) - Sri Lanka has approved new terms to limit exports of vanaspathi vegetable oil to India, with the government hopeful that local factories will …
Good Returns
September 04, 2006 (LBO) – The Distilleries Group is in talks to increase their equity stake in its fund management unit National Asset Management Ltd or …
Charity Probe
Sep 04, (LBO) - Sri Lanka’s central bank, which froze the bank accounts of a charity operating in the country’s North and East areas said Monday, …
Common Issues
Sep 04, (LBO) - Finance ministers of commonwealth countries will try to find ways to improve aid delivery to developing countries and made aid more effective, …
Joining Forces
Sept 04 (LBO) – NDB Bank said Monday that it had picked up a balance 70 percent stake in NDB Housing Bank, following Central Bank approval. NDB Bank held …
Hasty Exit
Sept 04 (LBO) - The government has shelved a bidding round for oil exploration until it sorts out a battle with Norwegian company TGS Nopec to buy up three …
Bigger Bills
Sept 04 (LBO) - Ceylon Petroleum Corporation said Monday that it would jack up fuel prices with effect from midnight Monday, to offset losses made by the state …
Cable Landing
September 01, 2006 (LBO) – Lanka Bell, one of Sri Lanka's privately held wireless telecom operators, is in talks with India's FLAG Telecom to lay an …
Half Empty
TOKYO, Aug 31, 2006 (AFP) - The global airline industry is expected to almost halve its losses in 2006 thanks to buoyant economic growth and deep cost cuts, …
Fine Tuning
Aug 31, 2006 (LBO) – SriLankan Airlines is in talks with regional carriers from India, Pakistan and the Middle East to carry out third party maintenance …
Bus Ride
SEOUL, Aug 31, 2006 (AFP) - South Korea's high-tech giant Samsung Electronics on Thursday unveiled the world's first fourth-generation (4G) mobile technology …
Just Inquiring
August 31, 2006 (LBO) – Sri Lanka Telecom is in talks to acquire a small software company to beef up its technical capacity and expand revenue streams. …
Air Pocket
GENEVA, Aug 30, 2006 (AFP) - The world's top airline association on Wednesday predicted a dip in air travel due to the British terror alert this month, but …
Cable Cut
August 30, 2006 (LBO) – The Asian Development Bank has dropped the second loan installment due to Sri Lanka, as the government is reluctant to push ahead …
Minor Slip
August 30, 2006 (LBO) – Dominant lubricant supplier Caltex Lanka Ltd is expecting a marginal drop in volumes this year as intensified fighting in the …
Pushing Buttons
August 30, 2006 (LBO) – One of Sri Lanka's foremost telecom experts, Rohan Samarajiva is due to chair this year's Digital Opportunity Forum in Korea on …
Aitken Spence to raise million of dollars in India for Kerala hotel project
August 29, 2006 (LBO) – Aitken Spence Hotels Holdings together with an Indian partner plans to raise up to ten million dollars in India, to fund its …
Red Ink
August 29, 2006 (LBO) – Indian fuel retailer Lanka IOC Ltd reported a net loss of 584.0 million rupees for the three months to June on Tuesday, citing …