Sri Lanka opposition says bulk of costly IPPs outside their remit
Apr 26, 2013 (LBO) - Most of Sri Lanka's private power production capacity has been signed up by state-run Ceylon Electricity Board, outside their …
Industry
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Finalized
Apr 25, 2013 (LBO) - A one billion rupee unsecured listed debenture issue to be sold by Sri Lanka's Senkadagala Finance had been given a final investment grade …
Sri Lanka’s opposition says hike should have avoided ‘electricity poor’
Apr 26, 2013 (LBO) - Sri Lanka's main opposition United National Party said a power tariff hike could have been imposed without an increase on small users to …
Sri Lanka’s Lighthouse Hotel net down 29-pct
Apr 25, 2013 (LBO) - Profits at Lighthouse Hotel Plc, a unit of Sri Lanka's Jetwing group fell 29 percent to 57.1 million rupees in the first quarter of 2013, …
Rolling
Apr 25, 2013 (LBO) - A 43 kilometre stretch of Sri Lanka's Northern Railway line has been re-built to allow trains to be run up to a speed of 120 kilometres, …
Sri Lanka Access group to build US$12mn 25-floor office tower
Apr 24, 2013 (LBO) - Sri Lanka's Access group will build a 12 million US dollar office tower next to an existing building in Colombo's Union Place, the state …
Slipping
Apr 24, 2013 (LBO) - Demand for lubricants fell in the first quarter, on the back of a slowing economy and lower thermal power generation but profits at Sri …
Sri Lankans to apply online for UK visa from May 06
Apr 24, 2013 (LBO) - Sri Lankans visiting the UK should apply online from Monday May 06, the British High Commission in Colombo said. online pharmacy buy …
Sri Lanka’s Hemas buys into Panasian Power
Apr 24, 2013 (LBO) - Sri Lanka's Hemas Power Plc has bought a 20 percent stake in Panasian Power for 300 million rupees, upping the group stake to 29. online …
Sri Lanka to pay lower charges if expired power plants are renewed
Apr 24, 2013 (LBO) - Sri Lanka's state-run Ceylon Electricity Board has been given guidelines to negotiate much lower rates if expired contracts of power …
Sparks fly between Sri Lanka’s current and ex-power ministers
Apr 24, 2013 (LBO) - A battle has sparked between Sri Lanka's current and ex-power ministers following a hike in tariffs which has already drawn fire from …
Sri Lanka’s Hamilton Canal reconstruction in progress
Apr 23, 2013 (LBO) - Rebuilding and clearing of Sri Lanka's Hamilton Canal in Negambo is progressing with a bridge at Palliyawatta to improve the environment …
Sri Lanka’s CEB to re-negotiate heat rate of West Coast plant
Apr 23, 2013 (LBO) - Sri Lanka's state-run Ceylon Electricity Board will re-negotiate the heat rate of a controversial 270 MegaWatt power plant, officials …
Sri Lanka’s CEB says nothing sinister in water release
Apr 23, 2013 (LBO) - Sri Lanka's Ceylon Electricity Board's recent release of water from its Upper Kotmale reservoir was due to a maintenance requirement and …
Girlfriend of British tourist murdered in Sri Lanka speaks of assault
Apr 21, 2013 (LBO) - The Russian girlfriend of a British tourist murdered in Sri Lanka in an incident involving a politician, has spoken of her own assault to …
Sri Lanka to phase out fuel surcharge on power bills from next year: officials
Apr 22, 2013 (LBO) - A hike in power tariffs has had a minimal impact on low users, and a fuel surcharge will be phased out from early next year as two more …
Sri Lanka India coal plant back on track
Apr 22, 2013 (LBO) - A disputed power purchase agreement (PPA) for a joint venture coal plant with India's National Thermal Power Corporation, has been …
Credit Trend
Apr 22, 2012 (LBO) - State borrowings from Sri Lanka's commercial banks including dollar credits reached 57.9 billion rupees in February 2013, but there was no …
The End
Apr 22, 2013 (LBO) - Fitch Ratings said it had upgraded to 'AA-(lka)' from 'A(lk)' a rating on People's Finance Plc, which has merged with its higher rated …
Bank Brand
Apr 22, 2013 (LBO) - State-run Bank of Ceylon said it had been named the top brand overall and the first banking brand in a survey by Brand Finance, a UK based …