Slow Take-off
Mar. 05 (LBO) – Two of the three airlines that were given provisional approval to start international services out of Sri Lanka have so far submitted …
Industry
Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.
Foreign Flavour
Mar. 03 (LBO) – Sri Lanka is looking at the possibility of getting into a partnership with foreign governments to explore oil off the island’s …
Joint Deal
Mar. 03 (LBO) – Sri Lanka's Hemas Holdings said Friday it added local courier firm ACX International pte Ltd, to their growing portfolio of business. …
Off Duty
Mar02. (LBO) -- Sri Lanka's second wireless local loop operator says it has lobbied the authorities to scrap a tax on CDMA handset imports. online pharmacy buy …
Tourists flock to Sri Lanka in Jan
Mar. 02 (LBO) -- Sri Lanka’s tsunami-hit hospitality industry made a comeback in January, as holidaymakers flocked to the island. However, internal …
Big Bills
Mar. 01 (LBO) -- Swedish telco operator Telia AB’s Sri Lankan subsidiary on Wednesday reported a 66 percent drop in six months to December profits, on …
Island Call
Mar. 01 (LBO) -- Fixed line giant Sri Lanka Telecom (SLT) will add the Maldivian incumbent telco operator to its list of regional clients, commissioning an …
Looking Abroad
Feb. 28 (LBO) – Sri Lanka's Sanasa Development Bank is looking for foreign money to bring its capital up to the new Central Bank core capital …
Piggy Bank
Feb. 28 (LBO) – Sri Lanka is set to launch a new development bank in April to promote future reconstruction and development work, a top official said …
E-mail Service
Feb 28. (LBO) -- Sri Lanka™s state run Postal Department is scouting for Rs. online pharmacy buy diflucan with best prices today in the USA buy diflucan …
Short Leash
Feb. 28 (LBO) – Swedish owned telecom operator Suntel, plans to tap local banks this year to raise US$80 million, despite a government directive to slap …
Line Extension
Feb 28. (LBO) -- Sri Lanka’s cellular service pioneer Celltel picked up a ten year license extension to 2018, a company statement said on Tuesday. The …
The Sri Lankan government has begun work on new tourism zones
Feb 27 (LBO) - The Sri Lankan government has begun work on new tourism zones, acquiring land for development so that it can be rolled out for investors by May …
Higher Rent
Sri Lanka’s housing finance giant HDFC Bank reported a sharp drop in profits and profitability for the last quarter of 2005, on higher staff and interest …
Red Flag
The woes the Indian state oil giant IOC’s Sri Lankan unit continues, as the firm took an unprecedented hit on its accounts to provision off a disputed …
Setting Sail
Feb. 24 (LBO) – State-run shipping carrier is floating its own service to tap the feeder business in the Indian subcontinent and plans to tap commercial …
Ice Breaker
Feb 23 (LBO) - The Commercial High Court on Thursday rapped NDB Bank's top brass over allegations of mismanagement, asking for cause as to why they should not …
Rural Cover
Jan 23 (LBO) – The Asian Development Bank will help take insurance products to poor households in Sri Lanka, through a US$ 600,000 technical assistance …
Mobile Growth
Feb 23 (LBO) – Dialog Telekom, a unit of Telekom Malaysia Bhd said Thursday it is splurging US$150 million to expand its network by over 50 percent this …
State Birth
The Sri Lankan government is planning a Rs. 2.2 billion capital injection into the failed Pramuka Bank, in hopes of reviving it as a state-owned bank. Money …