Cell Rating
Oct 09, 2012 (LBO) - Fitch Ratings has confirmed an 'AAA(lka)' rating with a stable outlook citing support from its Malaysia-based parent and said its stand …
Sri Lanka raises alcohol taxes
Oct 09, 2012 (LBO) - Sri Lanka has raised taxes on alcohol ahead of a budget to be presented in parliament next month, a day after excise taxes on tobacco was …
Sri Lanka Krrish project gets sweeping tax breaks
Oct 08, 2012 (LBO) - A 450 million US dollar hotel and residential development in Sri Lanka's capital Colombo by India's Krrish group is getting sweeping tax …
Sri Lanka judges, magistrates, lawyers on strike over assault
Oct 08, 2012 (LBO) - Sri Lanka's district judges and magistrates are striking Monday, while several lawyers associations had decided to keep away from court …
Sri Lanka scholar explodes China arms trade myths
Oct 07, 2012 (LBO) - Contrary to popular belief that Chinese arms sales to Africa fuel wars and human rights abuses, it is the United States that sells more …
Sri Lanka resumes printing money to sterilize forex sales
Oct 06, 2012 (LBO) - Sri Lanka's central bank has sterilized a foreign exchange sale injecting 8.0 billion rupees in one-month money into the banking system, …
Court Relief
Oct 06, 2012 (LBO) - Key trade unions in Sri Lanka have gone to court over controversial share investments made in second tier firms and banks by state …
Sri Lanka hikes tobacco taxes
Oct 06, 2012 (LBO) - Sri Lanka has raised tobacco taxes from October 06, a notice posted on the island's customs office showed, to raise extract more money …
Sri Lanka stocks close up 0.31 pct
October 05, 2012 (LBO) - Sri Lanka stocks closed up 0.31 percent Friday The Colombo All Share Index closed at 5,879.69 up 18.34 points and the S & P SL 20 …
Sri Lanka beach hotel bought by Thailand’s Minor
Oct 05, 2012 (LBO) - Minor International, a Thailand based leisure group said it had bought Paradise Island Resorts (Private) Limited, a beach resort in Sri …
Sri Lanka’s Aitken Spence in renewable energy drive
Oct 05, 2012 (LBO) - Sri Lanka's Aitken Spence, which owns and operates hotels inSri Lanka, Maldives, India and Oman said it has started a drive into renewable …
Kimberly Process
By US Ambassador Gillian Milovanovic, Kimberley Process Chair Oct 05, 2012 (LBO) - Almost a decade ago, the consensus-based Kimberley Process (KP) …
Chicken Case
Oct 05, 2012 (LBO) - Ceylon Grain Elevators, a unit of Singapore's Prima group with interests in poultry and feed milling said it had settled a customs case …
Maldives and US in military exercises
Oct 05, 2012 (LBO) - Maldives an Indian Ocean tourist paradise and the US are conducting joint military exercises to boost military interoperability between …
Sri Lanka inflows to hydro power plants lowest in 20-years
Oct 05, 2012 (LBO) - Water inflows to Sri Lanka's hydro power plants up to September 2012 was the lowest in 20-years and much lower than a year earlier which …
Sri Lanka stocks closed down 0.50 pct
October 04, 2012 (LBO) - Sri Lanka stocks closed down 0.50 percent Thursday continuing a three day losing streak. The Colombo All Share Index closed at …
Sri Lanka drought dries up tea company cash flows
Oct 04, 2012 (LBO) - A severe drought has damaged tea plants in key Sri Lankan growing regions causing crop losses and cash flow problems for some plantations …
Health Investment
Oct 04, 2012 (LBO) - Actis Investment Holding SL Limited, said it had invested 2.26 billion rupees through a private placement of shares in Sri Lanka's Asiri …
Sri Lanka US$140mn project by India’s ITC
Oct 04, 2012 (LBO) - India's ITC Limited will build a 140 million US dollar mixed development including a hotel, shopping mall and apartments in Sri Lanka's …
Sri Lanka to build high rises for shanty-dwellers
Oct 04, 2012 (LBO) - Sri Lanka's urban agency will be given state land in 15 locations to build high rise apartments for people living in underserved …