Cruising Along
Apr.26 (LBO) – Lanka IOC, a unit of Fortune 500 Indian Oil Corportaion, is confident of maintaining uninterrupted supplies from their tank farm in …
Industry
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Scout Partner
DHAKA, Apr. 25 (AFP) - Cash-strapped national carrier Biman Bangladesh Airlines is looking for a strategic partner to revive its financial fortunes, a minister …
Wide Berth
Apr.25 (LBO) – Virtusa Corp., the U.S. based software development company, Tuesday announced plans to invest 15 million dollars to expand operations in …
Ignorance Bliss
SINGAPORE, Apr. 25 (AFP) - The Philippines, Singapore and Japan escaped the 2004 tsunamis which devastated much of Asia but some potential travelers believe …
Old Ghost
GENEVA, Apr. 25 (AFP) - The spectre of failure has returned to haunt the World Trade Organisation, as negotiators prove unable to maintain momentum in the Doha …
Thailand seeks bigger share of booming business tourism market
SINGAPORE, Apr.25 (AFP) - Thai tourism officials on Tuesday launched a regional campaign to promote the kingdom as Southeast Asia's premier convention and …
Loosing Grip
PARIS, Apr.24 (AFP) - From cars to planes, chemical plants to retail, every sector in the world economy is having to adapt to the prospect that high oil prices …
New Route
HONG KONG, Apr. 24 (AFP) - A long campaign to remove pirated goods from shop fronts in Asia is finally having an impact but the crackdown has also changed the …
Chess Game
Apr.24 (LBO) – Sri Lanka plans to ask for more shipments of clothes, edible oils and fewer limits on country of rules origins on exports of key items to …
Jackpot
PARIS, Apr.24 (AFP) - While governments and consumers weep over the rise and rise of fuel prices, oil companies are rubbing their hands in glee. Last year the …
Chinese Flyovers
Apr.21 (LBO) – China Friday agreed to give a billion rupee grant to build three flyover roads in Sri Lanka, the Finance Ministry said. - LBO Newsdesk …
Wider Berth
DHAKA, April 21, 2006 (AFP) - South Asian nations have agreed to include services in the South Asian Free Trade Agreement (SAFTA) in a bid to boost regional …
Easing Up
SINGAPORE, April 21, 2006 (AFP) - Oil prices were lower in Asian trade Friday on profit-taking after recent sustained gains to record highs amid concerns over …
Quit Notice
Apr.20 (LBO) – Sri Lanka's State Banks & Development Minister Wijedasa Rajapakse Thursday resigned his ministry ending a short stint which was surrounded …
Breaking Barriers
DHAKA, Apr.20 (AFP) - The trade ministers of seven South Asian nations said Thursday they had "fruitful" discussions on barriers still impeding a planned …
High Octane
LONDON, April 20, 2006 (AFP) - World oil prices reached new historic peaks on Thursday, above 74.0 dollars in London and 72.0 dollars in New York, owing to …
Heavy Cross
MADRID, Apr. 20 (AFP) - Consumers should carry the burden of higher oil prices, International Monetary Fund (IMF) chief Rodrigo Rato said in an interview …
Sri Lanka’s hospitality industry shows record growth in March
Apr. 20 (LBO) – Sri Lanka's leisure industry greeted record 54,746 visitors in March, as key western countries warned nationals to avoid traveling to the …
New Platforms
Apr.19 (LBO) - Sri Lankan based software firm specializing in securities trading platforms says regulatory changes in the United States and Europe, is …
Oil For Poor
TEHRAN, Iran, Apr.19 (AFP) - Iran's President Mahmoud Ahmadinejad has called on oil producers, in particular fellow OPEC members, to sell a part of their crude …