Industry

Private Equity

Apr 12, 2014 (LBO) - International Finance Corporation, a World Bank arm said it will invest 10 million US dollars in Emerald Sri Lanka Fund I, a 50 million US …

Sri Lanka generates one third of electric energy from coal

Apr 11, 2014 (LBO) - With a second 300 MegaWatt power plant beginning test runs, more than one third of Sri Lanka's daily electricity needs are now being …

Sri Lanka’s CEB posts profits in 2013, with rains, tariff hike

Apr 11, 2014 (LBO) - Sri Lanka Ceylon Electricity Board has made operating profits of 24.6 billion rupees in 2013, the Central Bank said, amid reports that it …

Atoll Exit

Apr 11, 2014 (LBO) - Sri Lanka' National Development Bank Plc said it sold out of Maldives Finance Leasing Company for 1.1 million US dollars. NDB itself is …

Winners

Apr 11, 2014 (LBO) - York Street Partners (Pvt) Ltd, a Sri Lanka based boutique investment advisory firm had won a competition held by Harvard Business School, …

AirAsia X puts Sri Lanka on two day promotion

Apr 10, 2014 (LBO) - Malaysia-based long-haul budget carrier AirAsia X said it was offering a two day discount fares for Sri Lanka, Australia, Japan and China. …

Transport Losses

Apr 10, 2014 (LBO) - State-run Sri Lanka Transport Board has lost 3.5 billion rupees in 2013 slightly down from 3.8 billion rupees a year earlier, official …

Sri Lankan state airlines lose Rs30.1bn in 2013; Rs90bn over 5 years

Apr 10, 2014 (LBO) - State-run Sri Lankan Airlines and Mihin Lanka have lost 30. buy azithromycin online …

SriLankan expects US$25mn topline from airline alliance

Apr 09, 2014 (LBO) - State-run SriLankan Airlines said joining oneworld, a global alliance of airlines is expected bring it 25 million US dollars a year in …

Borrowing Trends

Apr 09, 2014 (LBO) - Sri Lankan firms have got the nod to borrow 335 million US dollars abroad 2013 by the Central Bank, while debt markets also supplanted …

Sri Lanka’s Citrus Leisure opens second resort; eyes two more

Apr 08, 2014 (LBO) - Citrus Leisure Plc, which opened a 150-room resort in Waskaduwa, on Sri Lanka's South Western coast is planning another two resorts on the …

Cruise Call

Apr 08, 2014 (LBO) - Luxury liner MS Amadea made its maiden call at Sri Lanka's Hambantota port with 479 passengers and visited tourist hotspots in Southern …

Sri Lanka’s Lankem Ceylon ups effective control of power firm

Apr 07, 2014 (LBO) - Sri Lanka's Lankem Ceylon Plc said it is buying a 43. online pharmacy buy ciprodex with best prices today in the USA online pharmacy buy …

Rotana Jet starts Sri Lanka flights to Colombo, Matala

Apr 07, 2014 (LBO) - Abu Dhabi based Rotana Jet said will start flying to Sri Lanka's Colombo and Matala airports from April 09, three times a week. online …

Fast Net

Apr 07, 2014 (LBO) - Sri Lanka Telecom, the country's only wireline operator said it had launched a fibre-to-the-home service offering fast broadband service …

Sri Lanka tourist arrivals up 17.5-pct in March 2014

Apr 06, 2014 (LBO) - Sri Lanka's tourist arrivals rose 17. online pharmacy buy strattera with best prices today in the USA buy vibramycin online …

Internet Freedoms

WASHINGTON, April 6, 2014 (AFP) - It could be a difficult breakup between the US government and the Internet. online pharmacy buy ciprodex with best prices …

Southern Port

Apr 05, 2014 (LBO) - Vehicle transshipments through Sri Lanka's Hambantota port in the South of the country has picked up with over 200 roll-on-roll-off car …

Lending Status

Apr 04, 2014 (LBO) - Sri Lanka's Bank of Ceylon said it financed the building of 368 kilometres of roads as part of credit given to the state its main …

Capital Access

Apr 03, 2014 (LBO) - A high tech 45 billion rupee bridge will clear a traffic bottleneck to Sri Lanka's capital Colombo and minimize its impact on the river …