Big Bucks
BANGALORE, India, June 6, 2006 (AFP) - US technology giant IBM said Tuesday it will triple its investments in India to six billion dollars over the next three …
Industry
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Against Odds
June 6, 2006 (LBO) – Diversified Hemas Holdings Ltd Tuesday posted a 16 percent growth in full-year profits for the year ended March 31, 2006, boosted by …
Facelift
The newly re-constituted Strategic Enterprises Management Agency (SEMA) says it is reviewing all state institutions under its management and developing action …
Oil Strikes
NEW DELHI, June 6, 2006 (AFP) - A sharp hike in Indian fuel prices sparked uproar against the government Tuesday as both its communist allies and the main …
Desperate Times
June 06 (LBO) – Lanka Indian Oil Corporation has asked the Treasury for a billion rupees of its unpaid subsidy bill to buy fuel, as petrol stocks …
Mouse Trail
PARIS, June 5, 2006 (AFP) - Nearly one out of two airline tickets issued to travellers is currently in electronic form and paper tickets are on track to …
Battle Lines
June 05 (LBO) – Sri Lanka will fight new Indian restrictions on duty free vanaspati exports, ahead of another round of Indo-Lanka trade talks at the end …
Extended Family
June 5, 2006 (LBO) – Sri Lanka plans to expand its mobile phone market to five players, in a bid to bring down costs of telephony, the telecom regulator …
Quick Thinking
June 3, 2006 (AFP) - A Thai airways flight from Colombo to Bangkok made an emergency landing Saturday at Sri Lanka's only international airport shortly after …
No Bribes
June 02 (LBO) – A government help line linked up to 20 key state departments is to be rolled out soon, to offer general public information from getting …
Package Deal
Jun 01 (LBO) – The government has approved a restructuring plan for loss making Ceylon Electricity Board (CEB), which includes re-scheduling 60 billion …
Winning Bets
June 1, 2006 (LBO) – John Keells Holdings Ltd., Sri Lanka's second-largest quoted company, had a 34 percent rise in its full-year profit as gains from …
Work Anyone?
May 31, 2006 (LBO) – Sri Lankans make model workers, a local study shows, with most happy in their jobs, with their pay and are content to stay there. …
Petroleum Politics
May 31, 2006 (LBO) – Sri Lanka's Energy Minister has set the stage to take back Ceylon Petroleum Corporation assets, currently vested with the Treasury. …
Office Blocks
May 29 (LBO) – The Korean government gave Sri Lanka a 20 million dollar loan on Monday for an administrative complex in the South to relocate tsunami hit …
Giant Strides
May 29, 2006 (LBO) – Bank of Ceylon, Sri Lanka's biggest state owned lender in terms of assets, is confident of making a 4.5 billion profit before taxes …
Pitter Patter
May 29, 2006 (LBO) – The International Finance Corp, the private sector arm of the World Bank Group Monday launched a 10 million dollar technical …
Goodie Bag
May 27, 2006 (LBO) – Investors off-shoring business to Sri Lanka will get special tax breaks from the Board of Investment, under a revamped incentive …
Bad Advice
May 26, 2006 (LBO) – Sri Lanka's Nawaloka Hospitals Ltd.'s fortunes swung into the red after providing hefty 284.23 million rupees for its investments in …
Asian Hotels kicks off firm sales on new condominium, the Emperor
May 26, 2006 (LBO) – Sri Lanka's Asian Hotels & Properties Ltd, a unit of conglomerate John Keells Holdings, said Friday that they have started apartment …