Sri Lankan underweight bread fools consumer minister
Mar 24, 2009 (LBO) – Sri Lanka's minister of consumer affairs has admitted being fooled by crafty bakers who sell underweight bread and exploit …
Risk Management
March 23, 2009 (LBO) - The International Finance Corporation said it is helping bank executives in Sri Lanka and other South Asian countries to understand and …
Downgraded
Mar 23, 2009 (LBO) – Fitch Sri Lanka has downgraded the rating of Industrial Finance Limited (IFL), a central bank regulated finance company, to …
Watching Brief
Mar 23, 2009 (LBO) - RAM Ratings has put the BB+ rating on Sri Lanka's Asian Finance Limited (AFL), a member of the troubled Ceylinco group, on rating watch …
Freeze Order
Mar 23, 2009 (LBO) – Sri Lanka's Supreme Court has halted the sale of assets of Ceylinco Consolidated, an apex firm of the Ceylinco group, a collapsed …
Sri Lankan Airlines halves flights to India, trims costs
Mar 23, 2009 (LBO) – State-run national carrier, Sri Lankan Airlines, has slashed flights to India from 100 a week to 51, as part of a cost-cutting …
India’s money-spinning IPL seeks new home
NEW DELHI, March 23, 2009 (AFP) - Organisers of the Indian Premier League scrambled on Monday to find an emergency venue for the lucrative cricket tournament …
World Forum pledges action on water, but rift over statement
ISTANBUL, March 22, 2009 (AFP) - A seven-day focus on the world's water crunch wound up here on Sunday with a pledge by more than 100 countries to strive for …
More than 1,000 civilians escape Sri Lanka war: military
March 22, 2009 (AFP) - More than 1,000 civilians fled Sri Lanka's war zone as government troops fought to wipe out separatist Tamil Tiger rebels, the military …
Sri Lanka Tamil Tiger threat puts Indian airports on alert
THIRUVANANTHAPURAM, March 21, 2009 (AFP) - India tightened security at three major airports in the southern state of Kerala after a call threatening attacks by …
Sri Lankan Airlines in green flight
Mar 21, 2009 (LBO) - Sri Lankan Airlines, the national carrier of the Indian Ocean island had its first 'green flight' Saturday using recyclable consumables on …
Sri Lanka central bank in bid to push credit
Mar 21, 2009 (LBO) - Sri Lanka's central bank has asked banks to lend to the private sector amidst a peg defence exercise that has created a liquidity crunch, …
Sri Lanka shares slide
March 20, 2009 (LBO) - Sri Lankan shares ended slightly weaker Friday, dragged down by heavyweights, in thin trade with conglomerate John Keells Holdings …
No Scrapping
March 20, 2009 (LBO) - Sri Lanka has ruled out ship breaking as an industry under its efforts to promote the island as a maritime hub, going against the trend …
Group Rating
Mar 20, 2009 (LBO) - Fitch Ratings has confirmed the 'AAA(lka)' rating of Sri Lanka's John Keells Holdings (JKH) with a 'stable' outlook. buy bactroban online …
Cash Management
Mar 20, 2009 (LBO) - Balance sheets of Sri Lanka's non bank financial firms have shrunk over 10 percent in two months as jittery savers took cash out, but the …
Rating Cut
Mar 20, 2009 (LBO) - Sri Lanka's The Finance Company (TFC) has lost its investment grade rating with a two notch downgrade to 'BB+(lka)' from 'BBB(lka)' with …
Sri Lanka treasuries yields fall after rate cut
Mar 19, 2009 (LBO) - Sri Lanka Treasury bill and bond yields fell across the board Wednesday by around 40 basis points following a 175 basis point rate cut, …
Sri Lankan shares revived by rate cut
Mar 19, 2009 (LBO) - Sri Lankan stocks closed up Thursday for the second day running amidst foreign selling in conglomerate John Keells Holdings (JKH) as local …
Sri Lankan hotels told of financial gains of cleaner production
March 19, 2009 (LBO) - Sri Lankan hotels stand to make financial gains by adopting cleaner production methods if done in a systematic manner, the head of the …