Sri Lanka shares close 0.34-pct up, ‘penny stocks’ in demand
May 12, 2010 (LBO) - Sri Lankan shares closed higher Wednesday as retailers booked profits and re-invested in small-cap companies or 'penny stocks' as cheap …
Port Rivalry
May 12, 2010 (LBO) - A new harbour in southern India built by DP World to open in August plans to lure ships away from Sri Lanka's Colombo port, the present …
Released
BRUSSELS, May 11, 2010 (AFP) - Pirates released a Bermudan-flagged cargo ship and its mainly Sri Lankan crew on Tuesday after a ransom was paid, the EU naval …
Chinese Lift
May 12, 2010 (LBO) - The Sri Lanka Ports Authority (SLPA) has signed an agreement with a Chinese supplier to buy cranes worth 7,200 million rupees urgently …
Legal Action
VANCOUVER, May 11, 2010 (AFP) - A fundraiser for the outlaw Sri Lankan Tamil Tigers pleaded guilty here Tuesday in the first case to be prosecuted under …
Niche Market
May 12, 2010 (LBO) - An Indian business process outsourcing firm that is setting up a unit to start off-site engineering services says Sri Lanka's evolving …
Sri Lanka to host power, renewable energy expo in June
May 12, 2010 (LBO) - Sri Lanka will play host to more than 50 firms in power generation, transmission, and renewable energy at an exhibition in June targeted …
Sri Lanka qualifies by knocking out India
GROS ISLET, May 12, 2010 (AFP) - Sri Lanka qualified for the World Twenty20 semi-finals after their five-wicket last ball win over India and Australia's …
Sri Lanka’s ex-army chief in court on new charge
May 12, 2010 (AFP) - Sri Lanka's ex-army chief and defeated presidential candidate Sarath Fonseka was for the first time hauled before a civilian court …
Sri Lanka sees US$500mn coming in to leisure
May 12, 2010 (LBO) - Sri Lanka's state investment promotion agency is processing almost 500 million dollars of new deals mainly into leisure and is planning …
Sri Lanka shares becalmed
May 11, 2010 (LBO) - Sri Lankan stocks closed flat Tuesday with the market around all-time high levels and investors searching for shares with low prices …
Keel Laying
May 11, 2010 (LBO) - Sri Lanka's Colombo Dockyard, a listed ship builder, has laid the keel for the construction of an Anchor Handling Tug Supply Vessel for …
Loan Growth
May 11, 2010 (LBO ) - Sri Lanka's PABC Bank's net profit for the March 2010 quarter fell 27 percent to 67.5 million rupees from a year earlier, on weaker fee …
Bootleg Programmes
SINGAPORE, May 11, 2010 (AFP) - Software piracy cost technology companies more than 50 billion dollars around the world last year, with Asia accounting for the …
Radiation death exposes India’s waste disposal failures
NEW DELHI, May 11, 2010 (AFP) - The death from radiation poisoning of a scrapyard worker in New Delhi has highlighted the lax enforcement of waste disposal …
Sri Lanka Insurance Corporation rating raised to AAA by RAM
May 11, 2010 (LBO) - RAM Ratings Lanka has upgraded Sri Lanka Insurance Corporation's claims-paying ability rating, from AA- to AAA, with the outlook on the …
Europe’s big spenders on the backfoot after trillion dollar rescue
BRUSSELS, May 10, 2010 (AFP) - Europe and the IMF gave a major boost to world markets Monday with a trillion-dollar war chest to ease fears of a new recession, …
Sri Lanka forex reserves lower in February
May 10, 2010 (LBO) - Sri Lanka's foreign reserves fell to 5,032 million US dollars in February 2010 from 5,135 million US dollars in January, which was equal …
Sri Lanka stocks close flat, Dialog heavily traded
May 10, 2010 (LBO) - Sri Lankan shares closed flat Monday as gains on small and midcap shares were offset by price drops on selected high value stocks, while …
Sri Lanka tourist arrivals up 47-pct in April: data
May 10, 2010 (LBO) - Tourist arrivals to Sri Lanka rose 47.0 percent to 38,300 in April 2010 from a year earlier with strong growth in Western European and …