Sri Lanka stocks close up 0.2-pct
July 26, 2013 (LBO) - Sri Lanka's stocks closed up 0.23 percent on Friday with large cap stocks and some banking stocks showing gains, brokers said. C T …
Punishment Cap
July 26, 2013 (LBO) - Sri Lanka's central bank has capped the penalty interests on defaulted loans of banks to two percent a year and those from leasing and …
Growth Strategy
July 26, 2013 (LBO) - Standard Chartered Bank views Sri Lanka positively and is looking to grow its business with a strategic decision to expand in the island, …
Sri Lanka Cinnamon Lakeside, revenues, profits down in June
July 26, 2013 (LBO) - Profits at Sri Lanka's Trans Asia Hotels, owners of Colombo's 5-star Cinnamon Lakeside fell 23 percent to 121.5 million rupees in the …
Sri Lanka urban waste to be made into fertilizer: IWMI
July 26, 2013 (LBO) – Sri Lanka-based International Water Management Institute (IWMI) said it is partnering with island's environmental authority to turn …
Boat-people
SYDNEY, July 26, 2013 (AFP) - The United Nations on Friday said it was "troubled" by Australia's decision to send asylum-seekers arriving by boat to Papua New …
Base Case
July 26, 2013 (LBO) - Chevron Lubricants Lanka Plc said profits in the June 2013 quarter rose 5.5 percent to 562 million rupees from a year earlier, despite …
Many Sri Lanka state agency accounts disclaimed by auditors: COPE report
July 26, 2013 (LBO) - Accounts of 18 state enterprises and agencies had been disclaimed by auditors, while another 04 had adverse opinions, some for two years …
Loans to eurozone businesses drop sharply: ECB
FRANKFURT, July 25, 2013 (AFP) - Loans to businesses in the debt-mired eurozone tumbled in June, the European Central Bank said Thursday, weakening a key …
IMF’s Asia Pacific chief Anoop Singh to retire
July 26, 2013 (LBO) - Anoop Singh, director of the International Monetary Fund's Asia Pacific Department and one-time country representative of Sri Lanka is to …
Sri Lanka stocks close down 0.7-pct
July 25, 2013 (LBO) - Sri Lanka's stocks closed down 0.67 percent on Thursday with large cap stocks and banking sector making losses, brokers said. …
Risky Journey
CIANJUR, July 25, 2013 (AFP) - The confirmed death toll from the sinking of a boatload of Australia-bound asylum-seekers rose to 11 Thursday, as rescuers …
Growth Market
July 25, 2013 (LBO) - Emirates NBD Capital which syndicated a 200 million dollar loan for Sri Lanka's state-run Bank of Ceylon is looking to provide more local …
Syndication
July 25, 2013 (LBO) - Sri Lanka's state-run Bank of Ceylon will use a 200 million dollar syndicated loan to expand corporate lending, acting chairman Raju …
Sri Lanka state trading agency in talks for city hotels
July 25, 2013 (LBO) - Sri Lanka's Co-operative Wholesale Establishment (CWE), an virtually defunct state agency is in talks with Indian and Malaysian parties …
Policy Training
July 25, 2013 (LBO) – Sri Lanka™s Postgraduate Institute of Management (PIM), provider of management education said it will launch its course on public …
Fast Growth
July 25, 2013 (LBO) - Sri Lanka's information technology and business process outsourcing sector has tripled exports and doubled the workforce in a little over …
Sri Lanka’s Mihin budget airline director wages up amid losses
July 25, 2013 (LBO) - Sri Lanka's state-run budget carrier Mihin Lanka had doubled rewards to director in "sitting fees" to 11.2 million while making losing …
Sri Lanka Allianz unit launches investment linked insurance
July 25, 2013 (LBO) - Allianz Lanka, unit of Germany's Allianz said it had launched an investment-linked insurance product where "finance savvy" customers can …
Sri Lanka Textured Jersey net up, says orders strong
July 25, 2013 (LBO) - Sri Lanka's Textured Jersey Lanka (TJL), a knit fabric maker, said profits rose 40 percent to 240 million rupees in the March 2013 …