Betting Big
Feb. 15 (LBO) – Smaller lubricant players are asking the Sri Lankan government to scrap a five-year license fee and instead opt for a 0.5 percent tax on …
Industry
Just Cruising
Feb13 (LBO) - Luxury car importers DIMO Lanka says a hefty 214 percent tax on high engine capacity vehicle imports has not slowed down sales significantly. …
Capital Gains
Feb 13 (LBO) – Sri Lanka’s NDB Bank Monday said group net profit for the fourth quarter ended Dec. 31, 2005 was Rs. 462.8 million over Rs. 30.7 …
Green Fingers
Feb. 13 (LBO) – Sri Lanka's Richard Pieris Group, owners of the 'Arpico' brand, are ploughing Rs. 150 million to generate energy off trees, a top …
Public Pension
Feb 10 (LBO) – The Social Services Ministry is targeting self-employed and others currently not covered by pensions, to subscribe to a little known …
Number Tangle
Feb 10 (LBO) – Lanka IOC, a unit of Indian Oil Corporation, may have to re-state their published accounts if the Sri Lankan government does not pay the …
Extended Protection
Feb 09 (LBO) The Sri Lanka signs MOU with Jordan to protect rights of migrant workers. online pharmacy buy diflucan with best prices today in the USA buy …
Bad manners bad for tourism business
Feb 09 (LBO)-Sri Lanka’s tourism branding came under heavy criticism on Thursday for the island’s lack of focus, inability to deliver on promise …
Colombo’s Cleanup
Feb 08 (LBO) - The Social Service Ministry hopes to put-up Colombo’s estimated 1523 homeless in transitional housing by end 2006. Secretary to the …
Now or Never
Feb 07 (LBO) – Sri Lanka Ports Authority (SLPA) chief warned Tuesday that the island would suffer irreversible costs if the south port project does not …
Fine Tuning
Feb 07 (LBO) - Sri Lanka’s telecom watchdog says it has started to crack down on errant state and private sector frequency users to collect overdue fees. …
Out of the house
Feb 07 (LBO) – The State Mortgage and Investment Bank (SMIB) plans to change their governing act to get more freedom to lend and change its name as part …
Sailing Offshore
Feb. 06 (LBO)-Sri Lanka's only commercial ship building and repair firm Colombo Dockyards Limited (CDL) plans to invest over Rs. online pharmacy buy spiriva …
Plan B
Feb. 06 (BLO) Sri Lanka’s key information technology communication agency, ICT Agency, plans to opt for a consortium built fibre optic internet backbone …
Trimmed Changers
Feb 04 (LVP) - Five moneychangers have lost their license after they failed to comply with new capital requirements set by the regulator. Moneychangers operate …
Bond Show
Feb. 3 (LBO) - Sri Lanka will shortly start selling a billion dollars in government bonds with the help of Citibank, Treasury Secretary P B Jayasundara said …
Tsunami Line
Feb 03 (LBO) - Sri Lanka's DFCC Bank is in line to pick up over €70million worth of concessionary funding lines this year, as it looks for ways to expand …
Patriotic Rates
Feb.03 (LBO) -- Sri Lanka Friday announced plans to issue US0 million-worth of sovereign bonds with the first US million tranche going on sale next Monday, …
Union Rating
Feb.01 (LBO) – Fitch Ratings assigned a 'BB+ (sri)' national rating to the Implied Long-term Unsecured Senior Debt of Union Bank of Colombo on Wednesday. …
Billion Bond
Feb. 02 (LBO) - Citibank is likely to get the mandate to raise a billion dollars for the Sri Lanka government through sovereign bonds this year, Lanka Business …