Sri Lanka in bid to push up hotel room rates
Aug 04, 2009 (LBO) - Sri Lanka plans to impose minimum room rates for hotels in and around the capital Colombo to push up prices following the end of a war …
Sugar price hits record high
LONDON, August 3, 2009 (AFP) - The price of sugar reached a record high here on Monday, aided by a weaker dollar amid more positive signs of economic recovery …
Pakistan bosses under fire after SLanka defeat
KARACHI, August 4, 2009 (AFP) - Former players Tuesday called for a major shake-up in Pakistani cricket after the national side lost the five-match one-day …
Sri Lankan stocks close down
Aug 03, 2009 (LBO) - Sri Lankan shares closed down Monday as investors became defensive, hoping the market to pick-up in the medium term, brokers said. buy …
Trade Links
Aug 03, 2009 (LBO) - A professional body representing Sri Lanka's transport and logistics sector said it plans to get industry professionals together to lobby …
Fresh Capital
Aug 03, 2009 (LBO) - Sri Lanka's Seylan Bank said it plans to issue 86 million ordinary shares at 35 rupees each in a one-for-two public offering to existing …
Slow Quarter
Aug 03, 2009 (LBO) – Sri Lanka's DFCC Bank group said June 2009 quarter net profit fell 6.38 percent to 507.1 million rupees from a year ago owing to …
Sri Lanka Tata tea unit June net falls 37-pct
Aug 03, 2009 (LBO) – Sri Lanka's Watawala Plantations said net profit in the June 2009 quarter fell 37 percent to 37 million rupees from a year ago with …
Sri Lanka Kelani Valley almost out of the red
Aug 03, 2009 (LBO) - Sri Lanka's Kelani Valley Plantations (KVPL) said it made a net profit of 41 million rupees in the June 2009 quarter, down 37 percent from …
No Variation
Aug 03, 2009 (LBO) - Several applications asking to vary orders made following a landmark judgment which reversed a transfer of state land to build a golf …
Treasury Case
Aug 03, 2009 (LBO) - Sri Lanka's former Treasury chief P B Jayasundera is to file a confidential affidavit in an application to release him from an undertaking …
Top Marks
Aug 03, 2009 (LBO) - Sri Lanka's low costs has helped it to be ranked among the top 20 global outsourcing destinations for information technology and business …
Chicken tikka masala claims its origins in Scotland
GLASGOW, August 3, 2009 (AFP) - Scotland is known around the world for bagpipes, Scotch whisky, haggis and tartan kilts. But now it is trying to protect a less …
Sri Lanka seals series with Jayawardene’s ton
DAMBULLA, August 3, 2009 (AFP) - Mahela Jayawardene hit his first one-day century in two years as Sri Lanka thumped Pakistan by six wickets on Monday to grab a …
Port View
Aug 02, 2009 (LBO) - The recession that triggered a steep slump in shipping may throw up opportunities for Sri Lanka's Colombo port, a senior official of a …
Wider Spread
Aug 02, 2008 (LBO) - Sri Lanka's Sampath Bank is expanding to the island's north and the east helping boost an economic revival in the areas after the end of …
Baltic states need not devalue; monetary policy consistent with pegs: Steve Hanke
Aug 02, 2009 (LBO) - The Baltic states of Latvia, Estonia and Lithuania are running monetary policy consistent with maintaining their currency pegs, and should …
Amnesty for Sri Lanka’s military deserters
August 2, 2009 (AFP) - Sri Lanka has offered an amnesty to tens of thousands of soldiers who deserted the army, a spokesman said Sunday, under reforms …
Unhedged Constraint
Aug 01, 2009 (LBO) - The Sri Lanka unit of Standard Chartered Bank has retained its 'AAA(lka)' rating from Fitch, but the agency said its capital was hurt by a …
Organic Growth
Aug 01, 2009 (LBO) - Software giant Microsoft’s Sri Lanka unit, in the news because of widespread piracy here and its high product prices, is focused on …