Sri Lankan stocks close 0.28-pct up on retail buying
Mar 08, 2010 (LBO) - Sri Lankan stocks closed up Monday as retail investors bought low value shares and selected high value stocks, brokers said. The All Share …
Tax Opinion
Mar 08, 2010 (LBO) - Sri Lanka's taxes on motor vehicles are 'prohibitive' and are discouraging imports and government revenues, the finance ministry has said …
Cash Management
Mar 08, 2010 (LBO) - Sri Lanka's investment promotion agency said it has approved an investment by a unit of Lankaclear, the national clearing house, to …
Weak Finances
Mar 08, 2010 (LBO) - Fitch Ratings Lanka said it removed People's Merchant Bank's National Long-term rating from Rating Watch Negative and downgraded the …
Firm Pegs
Mar 08, 2010 (LBO) - Foreign exchange trading profits in Sri Lankan banks plummeted in the December 2009 quarter as a firmer currency peg with the US dollar …
Sri Lanka to start underwater sled rentals to tourists
Mar 08, 2010 (LBO) - An under water scooter rental firm is starting up in a tourist area north of Sri Lanka's capital Colombo, to feed an upturn in the …
Sri Lanka Talawakelle Tea makes loss in 2009
Mar 08, 2010 (LBO) - Drought and higher wages pushed Sri Lanka's Talawakelle Tea Estates into the red last year, its first loss, although a recovery in crop …
Farmers in the dock in water-deficient India
NEW DELHI, March 8, 2010 (AFP) - India faces a water crisis with availability in decline and demand rocketing, and the profligate agricultural sector is in the …
Sri Lanka relaxes some forex controls
Mar 08, 2010 (LBO) - Sri Lanka has relaxed several exchange controls relating to opening bank accounts abroad, forward forex cover and imports margin deposits …
Asset Probe
Mar 07, 2010 (LBO) - Sri Lanka's Supreme Court has ordered a probe on the purchase of a Ceylinco group firm by the chairman of Merchant Bank of Sri Lanka, a …
Record Numbers
Mar 07, 2010 (LBO) - Sri Lanka's Hatton National Bank group December quarter net profits were up 156 percent from a year earlier to 1,830 million rupees on …
Narrow Profits
Mar 07, 2010 (LBO) - Sri Lanka's Pan Asia Banking Corporation's (PABC) December quarter profits fell 70 percent to 19. online pharmacy buy spiriva inhaler with …
Tax Brake
Mar 07, 2010 (LBO) - Sri Lanka has to cut its high rate of tax on banks to allow the sector to build capital as the economy is poised to grow after a war ended …
Sri Lanka’s detained opposition leader threatens hunger strike
March 7, 2010 (AFP) - Sri Lanka's former army chief and defeated presidential candidate Sarath Fonseka has threatened to go on a hunger strike to protest …
Sri Lanka tourist trade seen recovering fast
Mar 06, 2010 (LBO) - Over half-a-million tourists are expected to visit Sri Lanka this year as the travel trade bounces back strongly from the effects of a war …
Arrests
BERLIN, March 5, 2010 (AFP) - German authorities said Friday that police have arrested six people suspected of raising funds for the Sri Lankan separatist …
Sri Lanka says UN war crimes panel ‘unwarranted’
March 6, 2010 (AFP) - Sri Lanka's president Saturday rejected a proposed panel by UN Secretary-General Ban Ki-Moon to look into alleged war crimes during the …
India envoy to visit Sri Lanka for talks on ‘reconciliation’
March 6, 2010 (AFP) - India's foreign secretary Nirupama Rao will hold talks with Sri Lanka's president on resolving the grievances of the island's Tamil …
Sri Lanka’s foreign commercial debt more than doubles in 2009
Mar 05, 2010 (LBO) - Sri Lanka's foreign commercial debt has risen dramatically in 2009 as lender confidence increased after a deal with the International …
Sri Lanka shares end up 0.48-pct
Mar 05, 2010 (LBO) - Sri Lankan stocks closed closed firmer Friday with investors buying into hotels which are seen doing well given the upturn in tourist …