New Rules
BRUSSELS, June 27, 2013 (AFP) - European finance ministers on Thursday agreed a draft deal on new rules for bank rescues that will only allow bailouts by …
Industry
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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 …
Expansion Idea
June 27, 2013 (LBO) - Sri Lanka's People's Leasing and Finance Plc, the island's largest non-bank lender is studying investments in fast growing economies in …
Lending Boost
June 26, 2013 (LBO) - Sri Lanka has cut the deposits that commercial banks have to keep with the central bank by 200 basis points to 6. buy priligy online …
Peer Rate
June 26, 2013 (LBO) - A two percentage point cut in Sri Lanka's bank reserve ratio to 6.0 percent will lower costs, expand funds available to be given as …
Sri Lanka’s National Development Bank rated ‘B+’ by S&P
June 26, 2013 (LBO) - Sri Lanka's National Development Bank was given a 'B+' rating by Standard and Poor's Rating Services, ahead of a planned international …
Tripartite Finance
June 26, 2013 (LBO) - Netherlands-based Triodos Bank will take a 10 percent stake to join Bangladesh's BRAC in building micro financier, Sri Lanka's Lanka Orix …
Sri Lanka’s large homes charged highest electricity tariff in the region
June 25, 2013 (LBO) - Larger households in Sri Lanka are charged the highest tariff in the region for electricity, but industrial and commercial charges are …
Sri Lanka, India in talks on boosting trade, investments
June 25, 2013 (LBO) - Sri Lanka and India has held talk on doubling trade to 10 billion US dollars over the next three years, removing non-tariff barriers and …
Credit Level
June 24, 2013 (LBO) - Fitch Ratings said it had downgraded Sri Lanka's National Development Bank by one level to 'AA-(lka)' amid greater retail lending. The …
Sri Lanka exports down 6.8-pct in April
June 24, 2013 (LBO) - Sri Lanka's exports fell 6. online pharmacy stromectol no prescription 8 percent in April 2013 to 696.6 million US dollars with apparels …
Citizen’s Liberty
WASHINGTON, June 22, 2013 (AFP) - Internet users are taking a fresh look at "privacy" search engines that do not store data or track online activity, in light …
Sri Lanka imposes 10 percent tax on gold imports
June 21, 2013 (LBO) - Sri Lanka slapped a 10 percent tax on gold, a senior government official deputy Treasury Secretary S R Attygalle said, as world gold …
More Sri Lankans looking to book domestic holidays online: survey
June 20, 2013 (LBO) - About 23 percent of domestic holidaymakers in Sri Lanka are booking hotels online and up to 85 percent were considering internet booking …
Sri Lankan Airlines sign up 4 A350XWBs and A330s
June 20, 2013 (LBO) - Sri Lankan Airlines had signed a deal with Airbus to buy four A350-900 and six A330-300 aircraft, powered by Rolls Royce engines in the …
Maldives Eon Resorts to build US$170mn hotel in Sri Lanka
June 20, 2013 (LBO) - EoN Resorts (Pvt) Ltd, a Maldives-based resorts developer has applied to build a 170 million US dollar luxury hotel in Sri Lanka's …
Sri Lanka to exempt foreign owned insurers from listing
June 20, 2013 (LBO) - Sri Lanka will exempt foreign owned insurers from a compulsory requirement to list on the stock exchange, according to a proposal …
SriLankan Airlines starts mobile check-in
June 19, 2013 (LBO) - State-run SriLankan Airlines said it is offering mobile check-in and access to its loyalty program and other services for customers with …
Innovative Education
June 19, 2013 (LBO) - Sri Lanka's fee-levying higher education institutes are drawing on technology and cost management strategies to make services affordable …
Boeing launches new Dreamliner with over 100 orders
LE BOURGET, June 18, 2013 (AFP) - Boeing launched a bigger version of its next-generation Dreamliner plane at the Paris Air Show on Tuesday with over 100 …