Author: lbostgadmin
After the Eagle
Jan. 20 (LBO) – Sri Lanka’s John Keells Holdings and Carson Cumberbatch & Co. Ltd have made a joint offer to buy the controlling stake in Eagle Insurance from National Development Bank, a statement said Friday. Jan. 20 (LBO) – Sri Lanka’s John Keells Holdings and Carson Cumberbatch & Co. Ltd have made a joint […]
Ground Zero
Jan. 19 (LBO) – SriLankan Airlines has pushed back plans to launch its floatplane ferry service to the North, following increased violence in Jaffna and falling passenger numbers.Jan. 19 (LBO) – SriLankan Airlines has pushed back plans to launch its floatplane ferry service to the North, following increased violence in Jaffna and falling passenger numbers. […]
Sri Lanka sends troops as Nordic monitors pull out of Trincomalee
Jan. 18 (AFP) – Sri Lanka poured more troops into the restive northeastern port district of Trincomalee fearing more rebel attacks, as Scandinavian monitors pulled out of the volatile area, officials said.Jan. 18 (AFP) – Sri Lanka poured more troops into the restive northeastern port district of Trincomalee fearing more rebel attacks, as Scandinavian monitors […]
‘s trade gap widens 22%
Jan. 19 (LBO) – Sri Lanka’s trade deficit has widened by 22 percent to US$ 2.4 billion for the eleven months in 2005, though foreign remittances helped strengthen the island’s balance of payments, the Central Bank said Thursday Jan.19 (LBO) – Sri Lanka’s trade deficit has widened by 22 percent to US$ 2.4 billion for […]
Building Muscle
Sri Lanka’s diversified John Keells Holdings Ltd.will push ahead with planned investments in leisure and property this year, but the group’s financial outlook may be impacted by progress in the country’s peace process, the company’s head of corporate finance and strategy said. Sri Lanka’s diversified John Keells Holdings Ltd. will push ahead with planned investments […]
Green Light
Jan. 19 (LBO) – Sri Lanka’s ageing rail-network could soon get a new extension, with policymakers this week agreeing to set up a unit to study the feasibility of the projects.Jan. 19 (LBO) – Sri Lanka’s ageing rail-network could soon get a new extension, with policymakers this week agreeing to set up a unit to […]
Nordic monitors pull out of district after Sri Lanka blasts
Jan 17, 2006 (AFP) – Scandinavian truce monitors on Tuesday indefinitely suspended work in Sri Lanka’s northeastern port district of Trincomalee after a series of mine attacks.Jan 17, 2006 (AFP) – Scandinavian truce monitors on Tuesday indefinitely suspended work in Sri Lanka’s northeastern port district of Trincomalee after a series of mine attacks. The Norwegian-led […]
Different Tune
Jan. 17 (LBO) – Shell Gas back-pedalled on its decision to cut gas supplies following top level talks with government, but panic buying over the weekend sparked shortages in some areas.Jan. 17 (LBO) – Shell Gas back-pedalled on its decision to cut gas supplies following top level talks with government, but panic buying over the […]
100K Connected
Jan 18 (LBO) – Lanka Bell on Wednesday connected its 100,000 customers on its new CDMA network, seven months after its launch, and is now planning for rapid expansion to sustain the growth momentum.Jan 18 (LBO) – Lanka Bell on Wednesday connected its 100,000 customers on its new CDMA network, seven months after its launch, […]
Long Line
Sri Lanka Telecom will leverage its connection to the recently commissioned SEA ME WE-4 (South East Asia Middle East Western Europe) undersea cable to explore business in the region.Sri Lanka Telecom will leverage its connection to the recently commissioned SEA ME WE-4 (South East Asia Middle East Western Europe) undersea cable to explore business in […]
‘s import bill gallops ahead of November export earnings
Jan. 17 (LBO) – Sri Lanka’s import bill for the eleven months surged ahead of export earnings for the same period last year due to rising energy costs, but the island’s Central Bank Tuesday left its key interest rates unchanged. Jan. 17 (LBO) – Sri Lanka’s import bill for the eleven months surged ahead of […]
Mine blasts rock Sri Lanka amid fresh bid to save truce
Jan 17, 2006 (AFP) – Suspected Tiger rebels set off two more mines and fought a gun battle with troops Tuesday as the United Nations urged talks and Norway made a fresh bid to pull Sri Lanka back from the brink of war.Jan 17, 2006 (AFP) – Suspected Tiger rebels set off two more mines […]