Consolidation
July 22, 2014 (LBO) - George Steuart Finance Deshodaya Development Finance Limited (DDFC), has inked a deal to acquire George Steuart Finance Plc, which valued …
Industry
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Sri Lanka’s Asian Alliance Insurance ‘B’ rating confirmed
July 22, 2014 (LBO) - Fitch Ratings said it was confirming a 'B' issuer financial strength rating of Sri Lanka's Asian Alliance Insurance Plc (AAIP). It also …
Key Speaker
July 22, 2014 (LBO) - Alpesh Shah, a Senior Partner and Managing Director of the Indian Unit of the Boston Consulting Group, will address a business forum in …
Sri Lanka 30MW hydro plant financed by ADB; protection for endangered fish
July 21, 2014 (LBO) - Asian Development Bank is financing a 30MegaWatt hydro plant with a 150 million US dollar credit, and the project will have measures to …
Consolidation
July 17, 2014 (LBO) - Sri Lanka's Commercial Bank of Ceylon said it will acquire Indra Finance, a finance company linked to a top vehicle retailer for 870 …
Pawning Loans
July 17, 2014 (LBO) - Benefits from a state guarantee for gold-backed loans (pawning) will be temporary, a report by Standard & Poor's, a rating agency said. …
Merger Consultants
June 17, 2014 (LBO) - Sri Lanka's National Development Bank and DFCC Bank has engaged Boston Consulting Group (India) Pvt Ltd, to advice on a planned merger. …
Top Appointment
July 16, 2014 (LBO) - Sri Lanka's Commercial Bank of Ceylon said Sivakrishnarajah Renganathan, the Bank’s Deputy General Manager Personal Banking has …
Sri Lanka to re-start oil refinery
July 16, 2014 (LBO) - Sri Lanka has repaired an offshore unloading buoy allowing state-run Ceylon Petroleum Corporation to re-start its refinery which was …
Netherlands sees expanding trade and investments with Sri Lanka
Aug 15, 2014 (LBO) - Netherlands is seeking more trade and investment links with Sri Lanka in agriculture, water and health seen as growth areas, with funding …
Sri Lanka trade deficit down amid weak credit in May
July 14, 2014 (LBO) - Sri Lanka's exports rose 11. online pharmacy buy cymbalta with best prices today in the USA 1 percent to 882.1 million US dollars in May …
Partial Protection
PARIS, July 10, 2014 (AFP) - A prototype vaccine for dengue that two years ago yielded lukewarm results has proved more effective after wider trials and is a …
Software Spread
July 11, 2014 (LBO) - Fortunaglobal, a Sri Lanka based tech firm said it had delivered a digital banking platform to a lender in Solomon Islands. Its …
Worth Watching
July 10, 2014 (LBO) - Countries with high levels of externally financed domestic credit should be careful about loose monetary policy, a report by Standard and …
Regional Chief
July 10, 2014 (LBO) - Sharhan Muhseen a Sri Lanka born investment banker, has been appointed Head of Financial Institutions for Southeast Asia at Credit …
Babel
July 8, 2014 (LBO) - Google has added Sinhalese, spoken by a majority of residents in Sri Lanka to its Gmail webmail service along with 13 other languages. The …
Sri Lanka tourist boom boosts beer sales
July 7, 2014 (LBO) - Strong tourist arrivals to Sri Lanka have boosted beer sales, with demand brimming over during the high season in popular tourist spots, …
Debt Sale
July 04 2014 (LBO) - Sri Lanka's state-run Bank of Ceylon is planning to 8. online pharmacy buy spiriva inhaler with best prices today in the USA 0 billion …
Bank Trend
July 03, 2014 (LBO) - Sri Lanka's bank credit is estimated to grow 14 percent in 2014 and outlook for the sector is 'stable' with bad loans to also stabilize …
Sri Lanka tourist arrivals up 14-pct in June
July 03, 2014 (LBO) - Sri Lanka's tourist arrivals rose 14.3 percent to 103,195 in June 2014 from a year earlier, driven by China and India, data from the …