Sri Lanka urban housing eyed by UAE firm: industries ministry
July 05, 2013 (LBO) - Midein Holding Llc, an Abu Dhabi based firm is looking at urban housing development in Sri Lanka, the ministry of industry and commerce …
Industry
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Sri Lanka’s Mihin Lanka gets Rs600mn in state guaranteed loans
July 5, 2013 (LBO) - Sri Lanka's state-run Mihin Lanka, a loss-making budget carrier has been given 616 million rupees in Treasury guarantee to borrow from a …
Sri Lanka’s boom time condos fail building rules
July 04, 2013 (LBO) - Over 71 condominiums, especially some built during a boom that ended in 2009 have failed to conform to building regulations, leaving …
Tank Test
July 03, 2013 (LBO) - Sri Lanka's state-run ports agency said it had begun testing a bunkering tank farm in at its newly built Hambantota port with a cargo of …
Cash Levels
July 02, 2013 (LBO) - Sri Lanka's money markets were flooded with 35 billion rupees in excess cash after a cut in the statutory reserve ratio despite …
Credit Rating
July 02, 2013 (LBO) - Fitch Ratings said it had given Sri Lanka's National Development Bank a 'B+' international rating with a stable outlook. The SR and SRF …
Sri Lanka businesses looks for ways to cut power use
July 01, 2013 (LBO) - Sri Lanka's Ceylon Chamber of Commerce said it is holding an expert forum for businesses looking for ways to cut power use after a recent …
Settlement
July 1, 2013 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation had settled a claim over an oil derivative for 60 million US dollars, a media report …
White Knight
July 01, 2013 (LBO) - Sri Lanka's Central Bank said People's Leasing and Finance Plc, the island's largest non-bank lender has been appointed managing agent …
Cargo Service
July 01, 2013 (LBO) - Sri Lanka's Hemas group, which has interests in consumer goods, leisure power and logistics said it has started building a container yard …
Sri Lanka and Seychelles ink air services, defence pacts
July 01, 2013 (LBO) - Sri Lanka and Seychelles have bilateral pacts on defence co-operation and air services following a visit to the island by President …
Sri Lanka flights to be resumed through AirAsia X: report
June 30, 2013 (LBO) - AirAsia, a Malaysia based budget carrier, is planning to resume flights to Sri Lanka's capital Colombo through its long-haul unit, a …
More Domains
SAN FRANCISCO, June 29, 2013 (AFP) - The agency in charge of website addresses passed a major milestone Friday on the path to broadening the world of domain …
Sri Lanka man dies of heart attack after shocking electric bill
COLOMBO, June 29, 2013 (AFP) - A Sri Lankan man suffered a fatal heart attack after being presented with a shocking electricity bill, a media report said …
Steady Rating
June 28, 2013 (LBO) - Sri Lanka's People's Bank's exposures to the state and state enterprises has gone up in 2012, and the lender plans to cut exposure to …
Peak Cellular
June 28, 2013 (LBO) - Sri Lanka's mobile subscriber base has started to shrink, falling by almost a million subscribers in the first quarter of 2013, the first …
US suspends GSP benefits to Bangladesh over worker safety
WASHINGTON (AFP) - The United States withdrew key trade privileges from Bangladesh Thursday, citing dangerous conditions for workers in the wake of a factory …
Education Revamp
June 28, 2013 (LBO) - Sri Lanka will start a technology stream in its secondary school system and boost facilities and teachers to increase students studying …
US move to cut trade GSP privileges ‘shocking’: Bangladesh
DHAKA, June 28, 2013 (AFP) - A furious Bangladesh on Friday criticised a "shocking" decision by the United States to cut trade privileges after a deadly …
Foreign Credit
June 27, 2013 (LBO) - Sri Lanka's Hatton National Bank said it had inked a deal to raise 49 million US dollars from China Development Bank. Acting chief …