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 …
All News
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
Sri Lanka names negotiators amid Norway, Swiss moves
Feb 9 (AFP) - Peacebroker Norway and talks host Switzerland stepped up diplomatic moves Thursday to arrange face-to-face talks between Sri Lanka's …
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 …
Tightening Laws
Feb 08 (LBO) - Sri Lanka, noted as hot bed for human trafficking, is now tinkering with its penal code to strengthen laws against the illegal trade. …
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 …
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 …
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 …
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 …
Sri Lanka’s top donors not convinced that the situation is conducive for reconstruction and investment
Feb 06 (LBO) – A drop in violence and impending peace talks between warring factions has failed to convince Sri Lanka’s top donors that …
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 …
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 …
Trimmed Changers
Feb 04 (LVP) - Five moneychangers have lost their license after they failed to comply with new capital requirements set by the regulator. …