Sri Lanka’s over-priced hotel boom ending: equities report
Feb 09, 2013 (LBO) - Sri Lanka is about 500 to 800 US dollars more expensive than alternatives for a 10-day holiday with standards lower than competition, …
Industry
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Sri Lanka Chevron lubricants unit profits flat
Feb 08, 2013 (LBO) - Sri Lanka's Chevron Lubricants Plc said profits in the December quarter rose 1.7 percent to 571 million rupees from a year arlier, while …
Rating Action
Feb 08, 2013 (LBO) - An 'AAA(lka)' rating of Sri Lanka's Standard Chartered Bank has been confirmed by Fitch Ratings, with a stable outlook, based on it being …
Sri Lanka knit fabric maker’s profits surge on stronger margins
Feb 08, 2013 (LBO) - Textured Jersey Lanka Plc, a unit of Sri Lanka's Brandix apparel group and Hong Kong based Pacific Textured Jersey said profits rose 94 …
Sri Lanka AIA insurance unit net up 12-pct
Feb 08, 2013 (LBO) - Sri Lanka's Aviva NDB Insurance, a unit of American International Assurance, said profits rose 7 percent to 514 million rupees helped by …
Mob Attack
Feb 08, 2013 (LBO) - A 15-strong mob who stormed into a branch of state-run Bank of Ceylon has left two injured, Sri Lanka's foreign ministry said, calling for …
Sri Lanka’s Serendib Hotels boosted by online sales
Feb 07, 2013 (LBO) - Serendib Hotels Plc, a unit of Sri Lanka's Hemas group which reported a surge in profits in the peak December quarter said occupancy was …
Canal Project
Feb 07, 2013 (LBO) - Sri Lanka will rehabilitate a colonial era canal north of the capital Colombo for tourism promotion and to improve the livelihoods of …
Global Grouping
Feb 07, 2013 (LBO) - A newly established Sri Lanka chapter of The International Association of Outsourcing Professionals (IAOP), a body with over 200,000 …
Sri Lanka hotel lose Rs349mn during refurbishment
Feb 06, 2013 (LBO) - Hotel Services (Ceylon) Plc, the oldest five star rated hotel in Sri Lanka's capital Colombo, which has been given a colonial-style …
Retail Trend
Feb 06, 2013 (LBO) - Sri Lanka's Odel Plc, a unit of Parkson Retail Asia Limited, Malaysia said profits in the December 2012 quarter rose 50 percent to 81 …
Sri Lanka’s Deccan Aviation rebranded ‘Simplifly’
Feb 06, 2013 (LBO) - Sri Lanka's Deccan Aviation Lanka said it had been re-named Millenium Airlines Ltd, and will operate under the brand 'Simplifly'. online …
Sri Lanka’s Janashakthi Insurance launches pension product
Feb 06, 2013 (LBO) - Janashakthi Insurance has launched a pension market with a retirement product, as the island's population ages rapidly, officials said. …
Appointments
Feb 06, 2013 (LBO) - HSBC has appointed Patrick Gallagher as chief executive for Sri Lanka and Maldives replacing Nick Nicolaou. The new appointment will take …
Bond Sale
Feb 06, 2013 (LBO) - Sri Lanka's Seylan Bank said it will sell up to 2.0 billion rupees in 5-year debt unsecured debt yielding as much as 15.buy doxycycline …
Sri Lanka visit by US trade mission
Feb 06, 2013 (LBO) - The first American trade mission to Sri Lanka since the end of a three decades war in 2009 will visit the country from February 7 to 9, …
Sri Lanka expects 27 cruise calls this year
Feb 05, 2013 (LBO) - Sri Lanka is expecting 27 cruise calls in 2013 with ocean liner Queen May 02 leading the way, docking at Colombo on February 04, the …
Sri Lanka knit fabric maker reduces losses
Feb 05, 2013 (LBO) - Sri Lanka's Hayleys MGT Knitting said it lost 110 million rupees in the December 2012 quarter down from a loss of 156 million rupees a …
Sri Lanka hydro generation recovers in November, demand flat
Feb 05, 2013 (LBO) - Sri Lanka's hydro power generation has doubled in November 2012 on improving rains allowing the utility to cut thermal generation by 25 …
Capital Boost
Feb 05, 2013 (LBO) - International Finance Corporation, a unit of the World Bank has injected 75 million US dollars (9.6 billion rupees) as a subordinated loan …