Sri Lanka stocks close up 01-pct
Jan 16, 2013 (LBO) - Sri Lanka's stocks closed one percent Monday helped by gains in some large cap stocks amid falling gilt yields ahead of a Central Bank …
New Chief
Jan 16, 2013 (LBO) - Razik Zarook a lawyer and a former chairman the Co-operative Wholesale Establishment, has assumed duties as chairman of state-run Bank of …
Sri Lanka’s Edge Hotels and Resorts to start small luxury chain
Jan 16, 2013 (LBO) - Edge Hotels and Resorts, a new small luxury hotel chain has signed agreements to start two hotels, with four more planned, Sri Lanka's …
Japan to grant dredger to keep Sri Lanka fishery harbhours open
Jan 16, 2013 (LBO) - Japan will grant a dredger to Sri Lanka's state-run fishery harbhour agency to keep navigational channels clear for fishermen, the …
Missive
Jan 16, 2013 (LBO) - Sri Lanka's impeached Chief Justice Shirani Bandaranayake said she was leaving her residence and chambers fearing violence, after being …
Sri Lanka DSI group expands hydro investments
Jan 16, 2013 (LBO) - Sri Lanka's DSI Holdings group, which has interests in footwear and rubber products, is investing 350 million rupees in a two Mega Watt …
Sri Lanka growth to pick up to 6.8-pct in 2013: World Bank
Jan 16, 2013 (LBO) - Sri Lanka's economic growth will pick up to 6.8 percent in 2013 helped renewed external demand, better agriculture output, the World Bank …
Sri Lanka DSI Holdings downgraded to ‘BBB+(lka)’
Jan 15, 2013 (LBO) - Sri Lanka's DSI Holdings, which has market leadership in footwear helped by import protection has been downgraded one level to 'BBB+(lka)' …
Sri Lanka stocks flat, rupee weaker
Jan 15, 2013 (LBO) - Sri Lanka stocks closed flat Tuesday and the rupee weakened on importer demand in late trading, brokers and dealers said. The Colombo All …
Eastern Expansion
Jan 15, 2013 (LBO) - Sri Lanka's Amana Bank, which operates on Islamic financial principles said it has expanded its branches in the Eastern province, a former …
Credit Trend
Jan 15, 2013 (LBO) - Sri Lanka's commercial banks loaned 24.1 billion rupees to business in November 2012, with the state also borrowing another 18.8 billion …
Sworn In
Jan 15, 2013 (LBO) - Sri Lanka's President Mahinda Rajapaksa had sworn in Mohan Peiris, a former Attorney General as Chief Justice amid heavy security around …
Legal Office
Jan 15, 2013 (LBO) - Sri Lanka's President Mahinda Rajapaksa is expected to appoint a new Chief Justice later Tuesday amid fresh controversy with a group of …
Sri Lanka imports fish from China for canning, more factories ahead: report
Jan 14, 2013 (LBO) - Sri Lanka is to set up another plant to can fish while existing tax protected factories are importing raw fish from China to prevent …
Ordered Out
Jan 13, 2013 (AFP) - Sri Lankan President Mahinda Rajapakse on Sunday sacked the chief justice by ratifying a controversial parliamentary vote, defying …
Quit Notice
Jan 13, 2013 (LBO) - Sri Lanka's President Mahinda Rajapaksa had served a notice on Chief Justice Shirani Bandaranaike to quit her post Sunday, following the …
Concern
Jan 13, 2013 (LBO) - Commonwealth Secretary-General Kamalesh Sharma has urged Sri Lanka's ruling administration to "pause" a controversial impeachment of the …
No Quarter
Jan 13, 2013 (LBO) - Sri Lanka's Chief Justice Shirani Bandaranayake has not asked for time to remain till April 30 which will be followed by a voluntary …
Game Changer
Jan 13, 2013 (LBO) - Sri Lanka's 'Black Friday Impeachment' of the chief justice will mark a new chapter in illiberal democracy where parliamentary majorities …
Sri Lanka stocks, bond yields up
Jan 11, 2013 (LBO) - Sri Lanka's stocks closed 0.2 percent higher while bond yields edged higher, brokers and dealers said. The spot US dollar was around …