Pushing North
Mar. 08 (AFP) - Sri Lankan mobile phone company Celltel Wednesday announced plans to invest 100 million dollars to bring services to the island's embattled …
Industry
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. …
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 …
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 …
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 …
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 …
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 …
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 …
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. …
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 …
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 …
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 …
Island Call
Mar. 01 (LBO) -- Fixed line giant Sri Lanka Telecom (SLT) will add the Maldivian incumbent telco operator to its list of regional clients, commissioning an …
Looking Abroad
Feb. 28 (LBO) – Sri Lanka's Sanasa Development Bank is looking for foreign money to bring its capital up to the new Central Bank core capital …
Piggy Bank
Feb. 28 (LBO) – Sri Lanka is set to launch a new development bank in April to promote future reconstruction and development work, a top official said …
Short Leash
Feb. 28 (LBO) – Swedish owned telecom operator Suntel, plans to tap local banks this year to raise US$80 million, despite a government directive to slap …
Line Extension
Feb 28. (LBO) -- Sri Lanka’s cellular service pioneer Celltel picked up a ten year license extension to 2018, a company statement said on Tuesday. The …
E-mail Service
Feb 28. (LBO) -- Sri Lanka™s state run Postal Department is scouting for Rs. online pharmacy buy diflucan with best prices today in the USA buy diflucan …