Earthquake
July 18, 2007 (LBO) – An earthquake measuring 5.2 on the Richter scale had occurred in the Bay of Bengal 510 kilometres to the East of the Sri Lankan …
Industry
Joint Service
July 17, 2007 (LBO) – DFCC Vardhana Bank (DVB) has teamed up with Sri Lanka Insurance Corporation (SLIC) to introduce insurance products to consumers in …
Air Pocket
July 17, 2007 (LBO) – Sri Lankan Airline's consolidated after tax profits dived 50 percent to 862.1 million in the year ended March 2007 the carrier …
Borrow Gold
July 17, 2007 (LBO) – Sri Lanka's gem and jewellery industry is lobbying for new financial instruments like 'gold loans' to get cost effective funds for …
Monthlies
July 16, 2007 (LBO) – Sri Lanka will adjust fuel prices monthly on a transparent formula to cut losses in petroleum utilities, an official said, which is …
Better Care
July 16, 2007 (LBO) –Asiri Hospitals group posted a 312.7 million rupee after tax profit for the year ending in March 31, 2007, up almost by half, …
Need Based
July 16, 2007 (LBO) – Sri Lanka has announced fuel subsidies to the poor on state welfare and warned of more price hikes with the onset of a hurricane …
Sri Lanka tourist arrivals plunge 30 percent in June
July 15, 2007 (AFP) - Tourist arrivals to Sri Lanka plunged 30 percent in June compared to a year ago as fighting escalated in the country's bitter ethnic war, …
Credit Enhancement
July 15, 2007 (LBO) – A US government agency is giving credit guarantees to small Sri Lankan businesses to increase their access to loans from a …
Air Chase
July 14, 2007 (LBO) – SriLankan Engineering, the technical arm of SriLankan Airlines, is actively marketing aircraft maintenance services armed with a …
Middleware Spot
July 13, 2007 (LBO) – The open source middleware technology company WSO2 says its products generated wide interest at the SOA World software conference …
IT Literacy
July 13, 2007 (LBO) – India has pledged 13 million rupees to set up 20 computer education outlets called 'Nenasalas' in villages in Sri Lanka. Nenasalas, …
Positive Trend
July 13, 2007 (LBO) – Sri Lanka's exports in May has surged 25.8 percent driven by a 45.5 percent jump in apparel shipments largely to the United States …
Consolidation
July 12, 2007 (LBO) – Asian Finance is planning a merger with its parent company, Lanka Ratings (LRA) said, while confirming a negative outlook on the …
Money Man
July 12, 2007 (LBO) – The governing board of Sri Lanka's central bank is filling a vacancy with President's Counsel K C Kamalasabayson, the monetary …
Standing By
July 12, 2007 (LBO) – Sri Lanka's United Motors Lanka Limited has put off plans to diversify into big property developments as the market for high-rise …
Body Check
July 11, 2007 (AFP) - An Etihad Airways plane en route from Indonesia to the United Arab Emirates made an emergency landing in Sri Lanka Wednesday following a …
Power Seed
July 11, 2007 (LBO) – Sri Lanka is seeking Indian support to develop bio-diesel plants in the island's Puttalam region, north of the capital Colombo, a …
Fashion Degree
July 11, 2007 (LBO) – A Sri Lankan clothing technology school is launching a degree course in fashion and merchandising in a tie-up with Australia's …
Phone Charges
July 10, 2007 (LBO) – Sri Lanka Telecom has said it plans to switch to a time-based tariff structure from a unit-based one as part of a court settlement …