Celluloid Ratings
Feb. 19 (LBO) – Sri Lanka is to go ahead with a controversial plan to tax imported film and television programs, which may result in the …
All News
Killer Kindness
Feb 18, (LBO) - Due ignorance about basic economics, the poor in South Asia are seeing economy-wide price rises, and resources that could be used to …
On Cue
Feb. 17 (LBO) – Sri Lanka Telecom (SLT) said Friday, group net profits for the fourth quarter of 2005 topped Rs. 604 million, despite continued …
Digging Deep
Feb. 17 (LBO) – Sri Lanka’s Seylan Bank Friday announced plans to boost capital by a billion rupees through a rights issue. The bank …
Missing Numbers
Sri Lanka’s telecom watchdog on Friday gave a 15 day ultimatum to seven telco firms for delays in presenting their financial statements. Firms …
Sri Lanka plans rated bond to restructure debt
Feb. 17 (Dow Jones)-- Sri Lanka wants to float an international bond this year to gauge market response as well as see if it can raise debt at a …
Climbing Up
Feb. 16 (LBO) – State owned People's Bank is hoping for a credit upgrade in the near future, a top official said. General Manager Asoka de …
Re-birth
Jan 16 (LBO) - Sri Lanka™s Registrar General™s Department will computerise its database of birth certificates issued since 1864, for easier …
Sri Lanka’s Central Bank stays pat on interest rates
Feb. 16 (LBO) - Sri Lanka's Central Bank Thursday stayed put on policy rates for the second straight month, as it expects the 25-basis point hike …
Trend Setter
Feb. 16 (LBO) – Sri Lanka's Ceylinco Insurance Co. Ltd. said Thursday that they retained their market leadership in the insurance sector last …
Road Runner
Feb. 16 (LBO) – Transport experts say more private vehicles are coming into Colombo despite a drop in the number of people traveling to the …
Sri Lankan taxpayers too afraid of tax collectors to complain about mistreatment
Jan 15 (LBO) - Sri Lankan tax payers are too afraid of retaliation by tax collectors to complain about mistreatment. Sri Lanka appointed a tax …
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 …
Lead Runner
Feb. 15 (LBO) – Deutsche Bank's Colombo branch has retained the top spot for custodian services among four key foreign banks operating in Sri …
Healthy Eagle
Jan 15 (LBO) - Eagle Insurance notched up a 103 percent growth in net profits to Rs. 515 million for 2005, buoyed by rapid growth in its life and …
Seventeen badly run state-institutions cost taxpayers Rs. 70 bn annually
Feb. 14 (LBO) – Despite just over two decades of public sector reforms, 17 government entities continue to hemorrhage, draining Rs. 70 billion …
Warning Message
Jan 14 (LBO) - The United Nations on Tuesday called on the Sri Lankan government and Tamil rebels to keep protection of children in mind at upcoming …
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 …
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 …
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 …
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 …
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 …
Oil prices fuel Sri Lanka’s trade gap
Feb. 10 (LBO) – Sri Lanka's trade deficit widened by 12 percent to US$ 2.5 billion for the year ended 2005, though foreign remittances helped …
Union Call
Feb 09 (LBO) – Sri Lanka’s key banking sector union is appealing to President Mahinda Rajapakse to intervene in the Commercial Bank of …