Driving Growth

Jan 25 (LBO) – Sri Lankan based IFS South Asia, offering supply chain solutions, clinched a million dollar deal with Pakistan’s automobile giant Millat Tractors on Wednesday.Jan 25 (LBO) – Sri Lankan based IFS South Asia, offering supply chain solutions, clinched a million dollar deal with Pakistan’s automobile giant Millat Tractors on Wednesday. This is […]

Sri Lanka on ‘neutral’ ground after latest round of WTO talks

Jan 24 (LBO) – The latest round of World Trade Organisation (WTO) talks in Hong Kong, has “neutral” impact on Sri Lanka, say trade experts.Jan 24 (LBO) – The latest round of World Trade Organisation (WTO) talks in Hong Kong, has “neutral” impact on Sri Lanka, say trade experts. The outcome of the sixth WTO […]

Sri Lanka asks Norway to arrange early talks

Jan. 24 (AFP) – Sri Lanka’s president on Tuesday asked peace broker Norway to arrange early talks with Tamil Tiger rebels and help stem the latest wave of violence that has killed at least 151 people, officials said.Jan. 24 (AFP) – Sri Lanka’s president on Tuesday asked peace broker Norway to arrange early talks with […]

Five blasts rock Sri Lanka capital, no-one hurt

Jan. 24 (AFP) – Five simultaneous blasts rocked the jittery Sri Lankan capital Colombo Tuesday but caused no casualties, police said.Jan. 24 (AFP) – Five simultaneous blasts rocked the jittery Sri Lankan capital Colombo Tuesday but caused no casualties, police said. The blasts caused panic in the capital and suburbs, with police and security forces […]

Payback

Jan. 24 (LBO) – Lanka IOC, a unit of Indian Oil Corp., picked up a Rs. 500 million cheque from the Sri Lankan government as partial payment towards its seven billion rupees subsidy claim, a top official said.Jan. 24 (LBO) – Lanka IOC, a unit of Indian Oil Corp., picked up a Rs. 500 million […]

Steady Grade

Jan. 24 (LBO) ? Sri Lanka’s DFCC Vardhana Bank retained its AA- (sri) rating for its senior unsecured long-term rating from Fitch Ratings Lanka, the agency said Tuesday. Jan. 24 (LBO) ? Sri Lanka’s DFCC Vardhana Bank retained its AA- (sri) rating for its senior unsecured long-term rating from Fitch Ratings Lanka, the agency said […]

Candy Bars

Jan. 24 (LBO) – Sri Lanka’s Board of Investment Tuesday dished out several tax incentives, encouraging investors to set up 300 new factories in rural regions of the country.Jan. 24 (LBO) – Sri Lanka’s Board of Investment Tuesday dished out several tax incentives, encouraging investors to set up 300 new factories in rural regions of […]

Disarm paramilitary groups operating in the northeast says US

Jan. 23 (LBO) – The United States Monday asked the government to disarm paramilitary groups operating in the northeast as an escalation of violence left three soldiers dead.Jan. 23 (LBO) – The United States Monday asked the government to disarm paramilitary groups operating in the northeast as an escalation of violence left three soldiers dead. […]

Short Cut

Jan 23 (LBO) -Wireless local loop operators Lanka Bell has sought the telco watchdog’s help to up its interconnection into fixed line giant Sri Lanka’s Telecom’s network.Jan 23 (LBO) -Wireless local loop operators Lanka Bell has sought the telco watchdog’s help to up its interconnection into fixed line giant Sri Lanka’s Telecom’s network. Lanka Bell […]

Off Duty Nurse

Jan 23 (LBO) -Nurses in Sri Lanka’s public health service are threatening trade union action, over a salary increase anomaly.Jan 23 (LBO) -Nurses in Sri Lanka’s public health service are threatening trade union action, over a salary increase anomaly. Nurses’ trade unions in government hospitals say salary increases for nurses are well below increase given […]

Sri Lanka offers compromise as Norway moves to save peace bid

Jan 22. (AFP) – Sri Lanka on Sunday offered a compromise to end a deadlock in peace moves with Tamil rebels when a Norwegian envoy visits this week, following violence that has claimed 140 lives in two months.The government said it was ready to make concessions on a venue for talks when Norway’s International Development […]

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