All News

Brush Up

Mar16 (LBO) – Sri Lanka's Central Bank has finalised several amendments to the Banking Act that will strengthen its ability to implement …

It’s Jinxed

Mar. 15 (LBO) – Sri Lanka's parliament is due to take up the Companies Act within the next two months, after a delay of nearly 13 years. The …

Sri Lanka’s Central Bank stays pat on interest rates

Mar. 15 (LBO) - Sri Lanka's Central Bank Wednesday left its policy rates at current levels for the third straight months, as it expects the 25-basis …

Done Deal

Mar 15 (LBO) - The Treasury inked a deal with China National Machinery and Equipment Corporation on Wednesday, to build a US$ 455 million power plant …

Sri Lanka’s balance of payments records US$100 mn surplus

Mar. 15 (LBO) – Sri Lanka's balance of payments (BOP) has recorded a US$100 million surplus for the two-months to February, the Central Bank …

Extra Support

Mar. 14 (LBO) – The International Finance Corp. said Tuesday that they have tied up with four Sri Lankan banks to increase access to finance …

Expensive Chat

Mar. 13 (LBO) – Sri Lanka's two private wireless local loop telecom operators have been called up to pay around Rs. 400 million as duties for …

Digital Actuaries

Mar13. (LBO) -- Sri Lanka’s accountants have come up with a digital solution to combat the shortage of actuaries in the country. The solution …

Safe Passage

Mar. 13 (LBO) - Sri Lanka will push for an open skies agreement with India, on the sidelines of trade talks in May to liberalise service sectors of …

Basic Pay

Mar13. (LBO) -- Sri Lanka™s public sector unions are threatening a 24hour strike later this week as a dispute over a proposed pay hike continues. …

Sri Lankan cinnamon faces threat from cheap rival

KOSGODA, Sri Lanka, March 12, 2006 (AFP) - Arabs and Europeans invaded Sri Lanka partly to control the island's cinnamon trade, but centuries later …

Hot Potatoes

Mar. 11 (LBO) - Vanaspati, pepper and haggling over negative lists has pushed back trade talks between India and Sri Lanka on liberalising its …

Wider Base

Mar.10 (Dow Jones)--Sri Lanka's Softlogic Holdings Ltd. online pharmacy buy spiriva inhaler with best prices today in the USA said Friday it has …

Safe e-road

Mar. 10 (LBO) -- Sri Lanka cleared the way for safer e-commerce this week by passing a new law that strengthened the legal validity of electronic …

Scrapping By

Mar10. (LBO) -- The government doubled a cess on nonferrous metal exports in a move to keep down raw material costs of small scale brass and copper …

Public Talk

Mar09. (LBO) -- Sri Lanka’s only payphone operator, Tritel Services will invest US $35 million over three years to set up its own CDMA based …

Hillside Homes

Mar 09 (LBO) - A group of Singaporean investors will put in US$ 6 million to build a luxury condominium complex in hill country Kandy. online …

Debt Swap

Mar. 09 (LBO) -- State-run People's Bank is negotiating with the treasury to replace over Rs. online pharmacy buy spiriva inhaler with best prices …

Small Fry

Mar. 09 (LBO) – Sri Lanka has raised the minimum investment limit by five times to US$250,000 with immediate effect for foreigners operating …

Mighty Atom

Mar. 08 (LBO) – Sri Lanka is pushing for greater access into the Indian banking industry when both countries meet for bilateral trade talks in …

Alternate Fuel

Mar08. (LBO) -- Sri Lanka’s fuel station operators are warning potential industry newcomers of the downside of petroleum retailing in an effort …

Green Money

Mar08 (LBO) – The Treasury is to fork out a subsidy for wood based electricity generation, making tariffs for dendro-power higher and more …

Pushing North

Mar. 08 (AFP) - Sri Lankan mobile phone company Celltel Wednesday announced plans to invest 100 million dollars to bring services to the island's …

Buckled

Mar. 07 (LBO) -- The monetary board of Sri Lanka's central bank is now short of one member as a procedural snag has held up the appointment of a …