Tele Rating
April 04, 2008 (LBO) – Fitch Ratings has cut Sri Lanka Telecom's foreign currency credit rating by one notch to 'B+' after the country's sovereign rating …
Banking and Finance
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Shanghai Profits
April 03, 2008 (LBO) –Hong Kong Shanghai Bank Corporation's Sri Lanka branch reported sharply lower profits for 2007 largely owing to losses from foreign …
Life Market
April 03, 2008 (LBO) – Sri Lanka’s Sampath Bank launched a life insurance policy scheme for its customers Thursday in a tie-up with Eagle …
New Faces
April 01, 2008 (LBO) – RAM Ratings (Lanka) Tuesday announced Siti Norma Yaakob has been elected as the new chairman of the firm and its parent company, …
Oil Wealth
March 30, 2008 (LBO) - Sri Lanka has an opportunity to tap capital surpluses of oil-rich Gulf countries like Qatar as well as export professional services for …
Market Play
Mar 30, 2008 (LBO) - Standard Chartered Bank which won a deal to raise 150 million dollars for the government earlier this month, is well positioned to boost …
Plastic Competition
March 30, 2008 (LBO) – The emergence of non-bank entities that issue cards for payment services are a threat to traditional commercial banks, a Sri …
Capital Quiz
March 28, 2008 (LBO) -- A quiz on capital markets hosted by investment research outsourcing firm Amba Research is on track to have more teams this year with …
Private Equity
March 28, 2008 (LBO) – Trading in Sri Lanka's Sampath Bank shares was halted briefly Friday after the bank announced it was in talks with an …
Risk Cap
Mar 28, 2008 (LBO) – Sri Lanka's central bank has limited the risk premium of one year deposit rates of finance companies to 2.5 percent above Treasury …
Payment System
March 27, 2008 (LBO) – The SAARC Payments Initiative (SPI), enabling a more efficient payment mechanism among south Asian countries, is to be launched in …
Equity Hedge
Mar 27, 2008 (LBO) – Sri Lanka's Janashakthi Insurance said it was on track for a public listing after recording profits of 525 million rupees in 2007, …
Power Loan
Mar 26, 2008 (LBO) – HSBC Sri Lanka said it has arranged 152.2 million euros (230 million US dollars) in debt for a 300 MegaWatt thermal power plant in …
Extended
Mar 26, 2008 (LBO) – Sri Lanka's Commercial Bank says it is opening branches with extended hours and is also planning automated teller kiosks that will …
Equity Hedge
Mar 27, 2008 (LBO) – Sri Lanka's Janashakthi Insurance said it was on track for a public listing after recording profits of 525 million rupees in 2007, …
Stronger Unit
Mar 25, 2008 (LBO) – Sri Lanka is wrapping up plans to merge six state-run regional development banks and a draft bill to give legal effect to the merger …
Banking Interest
Mar 18, 2008 (LBO) – Former Malaysian finance minister and entrepreneur Daim Zainuddin is hunting in Sri Lanka's banking and energy sectors for …
Central Numbers
Mar 10, 2008 (LBO) - Sri Lanka's Central Finance Company group's December quarter profit went up ten percent to 336. online pharmacy buy levaquin no …
Easy Fees
Mar 11, 2008 (LBO) – ACCA Sri Lanka, a branch of the UK accounting body says it has tied up with Nations Trust Bank to give an easy payment scheme for …
Saving Grace
Mar 08, 2008 (LBO) – State-run Sri Lanka Savings Bank, started to take over operations of defunct Pramuka Bank, will get a 1.5 billion rupee government …