Appeal Option
July 28, 2012 (LBO) - Sri Lanka's state-run Ceylon Petroleum Corporation has lost an appeal against a London ruling that forced it to pay up on a complex oil …
Industry
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Broad Target
July 27, 2012 (LBO) - Sri Lanka Telecom, the country's only wireline access provider says it is planning to double its broadband users to 600,000 over the next …
Sri Lanka apparel exports fall cause concern: legislator
July 27, 2012 (LBO) - A contraction in Sri Lanka's apparel exports, especially to the European Union could have been compounded by tariff preferences to Europe …
Loan Growth
July 26, 2012 (LBO) - Sri Lanka's PABC Bank has reported profits of 159 million rupees in the June 2012 down 24 percent from a year earlier, amid a steep rise …
Sri Lanka to end power rationing, coal plant fixed
July 26, 2012 (LBO) - Sri Lanka has repaired an breakdown-prone Chinese built 300 MegaWatt coal plant allowing the state-run Ceylon Electricity Board end to …
More Banking
July 26, 2012 (LBO) - Sri Lanka's Amana Bank, an Islamic bank said it has started banking services Saturday. Amana Bank has now opened its doors for banking on …
Herbal Ways
July 26, 2012 (LBO) - A Sri Lanka based herbal remedies and personal care producer, has begun trials on therapies linked to anti-diabetes and improving the …
Stable Level
July 26, 2012 (LBO) - RAM Ratings Lanka said it had confirmed an 'AA' rating of Sri Lanka's Sampath Bank with a stable outlook. "The ratings are supported by …
Regional Rating
July 25, 2012 (LBO) - Fitch Ratings has confirmed a 'BBB+(lka)' rating of Sri Lanka's state-run Regional Rural Development Banks with a stable outlook. "RDB's …
Sri Lanka exports fall 15-pct in May, imports shrink
July 25, 2012 (LBO) - Sri Lanka external trade continued to contract in May with exports falling 15. buy elavil online …
Sri Lanka to ration power for three hours
July 24, 2012 (LBO) - Sri Lanka will cut three hours of power, two hours and fifteen minutes during the daytime and 45 minutes during an evening peak demand …
Sri Lanka hopes to fix coal plant in three days: power ministry
July 23, 2012 (LBO) - Sri Lanka's state-run Ceylon Electricity Board is expecting to repair a coal power plant in three days which can spell an end to …
Sri Lanka to have two hour power cuts
July, 23 2012 (LBO) - Sri Lanka will have two hour power cuts daily, the first in over a decade, following the outage of a 300 MegaWatt coal plant that …
Sri Lanka state airline part repays fuel debts
July 23, 2012 (LBO) - Sri Lanka's state-run SriLankan Airlines had repaid a 100 million US dollars to settle dues to Ceylon Petroleum Corporation and is …
Lube Warning
July 22, 2012 (LBO) - Sri Lanka's Chevron Lubricants has reported net profits of 533 million rupees in the June 2012 quarter, up 26 percent from an year …
Performance Linked
July 21, 2012 (LBO) - Sri Lanka's 'pay for performance' schemes should be carefully designed to be fair and transparent and linked to a firm's short and long …
Sri Lanka starts construction of stalled high rise for Hyatt hotel
July 20, 2012 (LBO) - Sri Lanka has re-started the construction of a stalled 43-story high rise in the capital Colombo with a new company taking over assets, …
Clear Path
July 20, 2012 (LBO) – LankaClear Private Limited, Sri Lanka’s main cheque and electronic clearing house, is spending 300 million rupees to deploy a …
Road Building
July 20, 2012 (LBO) - A 24 kilometre road in Sri Lanka's from Maha Oya to Aralaganwila will be built under a scheme where a 500 million dollar bank credit will …
Express Project
July 19, 2012 (LBO) - Sri Lanka will engage SMEC International (Pty) Ltd, an Australia based consultancy develop an expressway project from the capital Colombo …