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Sri Lanka invites bids for ultra-deepwater blocks

2013-08-29 01:00:00| Offshore Technology

The Sri Lankan Government has invited oil companies to bid for new six ultra-deepwater blocks.

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Fonterra suspends Sri Lanka operations after milk powdera ...

2013-08-25 16:19:29| Food - Topix.net

New Zealand dairy giant Fonterra Co-operative said on Friday it had suspended operations in Sri Lanka after the world's largest dairy exporter faced product bans, court cases and angry demonstrators over its milk products in the country.

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Archer Daniels Midland joins with Sri Lanka's CIC Holdings and...

2013-08-24 11:57:28| Agriculture - Topix.net

Aug 24, Colombo: The world's leading agriculture crop processer Archer Daniels Midland has formed a joint venture with Sri Lanka's CIC Holdings PLC and Chemanex PLC.

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Fonterra halts Sri Lanka operations

2013-08-23 17:05:59| BBC News | Business | UK Edition

New Zealand dairy giant Fonterra temporarily stops its operations in Sri Lanka following allegations its products are contaminated.

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Airtel to sell Sri Lankan operations to Etisalat - report

2013-08-23 12:28:00| Telecompaper Headlines

(Telecompaper) Indian mobile operator Bharti Airtel is in advanced discussions to sell off its Sri Lankan operations to UAE operator Etisalat, reports The Economic Times citing two people aware of the development. According to one source, Standard Chartered Bank is advising Airtel in the transaction. Bharti Airtel Lanka, which has a subscriber base of 1.7 million, has been valued at USD 110-130 million. The company's subscribers have not grown in the past four quarters, and despite investing over USD 300 million since 2007, the unit continues to make losses. Airtel declined to comment.

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