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 …
Alternate Fuel
Mar08. (LBO) -- Sri Lanka’s fuel station operators are warning potential industry newcomers of the downside of petroleum retailing in an effort to halt …
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 replacement. …
Smooth Landing
Mar. 07 (LBO) – Sri Lanka's Distilleries Group said Tuesday that they have picked up the controlling stake in the island's pioneering unit trust …
Redial
Sri Lanka Telecom’s mobile subsidiary is vying to double its subscriber base by end 2006, launching a new low tariff prepaid package this week. Mobitel …
Picking Crumbs
Mar 07 (LBO) – The Treasury has settled Rs. 500 million in unpaid subsidy bills due to Lanka Indian Oil Corp., weeks after the company's accounts took a …
Hedging Risks
Mar. 06 (LBO) – Commercial Bank of Ceylon has sought expertise of a foreign actuarial to structure a pension buyback scheme for employees, officials said …
High Jump
Mar.06 (LBO) – Sri Lanka’s Hatton National Bank said Monday that it posted a 134 percent growth in post tax profits for the full-year ended …
Sri Lanka’s John Keells scouts new Maldivian property
Mar. 06 (LBO) – Sri Lanka's largest hotel operator, John Keells Holdings, is in the process of picking up another Maldivian resort to add to their …
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 …
Sri Lanka puts the clock back after 10 years
Mar 04 (AFP) - Sri Lanka will put the clock back by half an hour and revert to its original time after a 10 year experiment that failed to save energy through …
Stock punters unaware of full gains in recent peace talks: peace advocate
Mar. 04 (LBO) – Punters in Sri Lanka's stock markets have not yet priced in the full benefits of the re-started peace talks between the government and …
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. …
Fortune Hunters
Mar. 03 (LBO) -- About 35 percent of local trademark applications are thrown out, as fortune hunters try to strike gold by piggybacking on an already famous …
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 …
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 …
Excessive rain curbs Sri Lankan tea production
Mar. 02 (LBO) - Sri Lanka's tea production for January dipped to 24. buy fildena online fildena online generic 7 million kilos from 26.0 million kilos a year …
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 …
Sri Lanka picks up Rs. 19.4 billion cheque from Japan
Mar. 02 (LBO) – Sri Lanka Thursday signed up for Rs. 19.4 billion loans from Japan to develop three key infrastructure projects, the finance ministry …
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 …