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This week on LBO

Bond Issue : The government has started the process of re-selling a maturing $250mn bond issue targeted at resident investors by calling for agents to market and sell the bond.

15-05-08

Repeat Business : Colombo Dockyard has won two new orders from Greatship (India), a subsidiary of The Great Eastern Shipping Co., to build bigger and more expensive vessels.

14-05-08

Second Hand : Sri Lanka Telecom will pay US$1mn to buy 75% of Sky Network, a unit of the Lycatel group that has broadband spectrum, it said in a stock exchange filing.

13-05-08

Stock Option : Sri Lanka's newest stockbroker, SKM Securities Lanka, hopes the island's track record as a reform poineer and openness could help its regional expansion plans.

12-05-08

Fresh Start : The ABD says it has agreed to change conditions on a loan to the government to build a new container harbour next to Colombo, dredging on which is already underway.

08-05-08

Tightening Policy : Central Bank says their latest monetary tightening measures were taken after rising food prices started feeding price rises in other goods.

10-05-08

Closed Club : Most of Sri Lanka's public companies are controlled by a few very rich people. That's because banks depend more on depositors' money than equity for their business.We look at some emerging issues surrounding bank governance in this week's "In Focus" segment.

10-05-08

Small Wonder : Locally established IT Company is now conquering the world with its human resources applications. With offices in four countries, this small time IT firm has now partnered with an international giant in providing its solutions world over

10-05-08

Deep South : More tourists are now visiting the Yala national park after security was tightened following terrorists attacks in the area in January. However hoteliers there say more needs to be done to promote the park as a safe place to visit.

10-05-08

Money Trees : Plantation stock prices were dragged down by a sell-off after two regional plantations companies reported sharply lower than anticipated quarterly earnings.

10-05-08

Stock Interest : Sri Lanka's first fully foreign owned stock broker says it will bring new practices including stock dealing.The company is a unit of Pakistan's Arif Habib Securities.

07-05-08

Growth Fee : State-run Bank of Ceylon has seen its margins squeezed by rising interest costs, but profits were boosted with the help of rising fee income.The bank also lost revenue through government directed lending. However its total bad loans also fell in 2007.

07-05-08

Profit : The Commercial Bank of Ceylon reported a growth in profits for the quarter ending March. Commercial Bank's group profits grew 11.4 percent to 1,024 million rupees in the March quarter with revenue growing 37.7 percent.

07-05-08

Green Games : With global warming and climate change becoming a hot topic around the world, local businesses too have started going green. Although adopting renewable sources of energy and environment friendly practices do reduce cost to some extent, Professor Mohan Munasinghe says that they are still a long way from contributing in a big way to the bottom line of a company.

07-05-08

Hot Line : Eagle insurance launched a value addition service to its policy holders

07-05-08

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