Credit View
July 10, 2012 (LBO) - Ram Ratings Lanka has downgraded the Bimputh Lanka Investments Plc, from 'BB' to 'BB-' after a related sugar mill was expropriated by the …
Industry
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Pow Wow
July 09, 2012 (LBO) – A two day sea trade conference aimed at examining Sri Lankan's maritime infrastructure and positioning the island as a …
Credit Trend
July 09, 2012 (LBO) - Credit to the state from Sri Lanka's banking system eased in May 2012 and loans to business were back at levels seen before the Central …
Sri Lanka gives sweeping tax breaks to India’s ITC hotel
July 8, 2012 (LBO) - A mixed property project including a hotel in Sri Lanka's capital Colombo by India's ITC has been given sweeping tax breaks under the …
Sri Lanka state airlines get Rs2.38bn handout
July 08, 2012 (LBO) - Sri Lanka's loss-making state-run airlines have been given 2. online pharmacy buy spiriva inhaler with best prices today in the USA buy …
Sri Lanka on business traveller map says Colombo hotel
July 07, 2012 (LBO) - Cinnamon Lakeside, a hotel in Sri Lanka's John Keells group had won an award from a UK-based business travel publication, giving …
Logistics
July 07, 2012 (LBO) - Sri Lanka has moved up 56 places to 81 in a World Bank logistics performance index for 2012, as a result of improvements in …
Bank Upgrade
July 6, 2012 (LBO) - Sri Lanka's state-run People's Bank has been upgraded to 'AA+(lka)' from 'AA(lka)' on strengthening links with the state, while the …
Price Cuts
July 06, 2012 (LBO) - India's Bajaj Auto has cut prices for Sri Lanka between 5 to 14 percent after an excise duty hike in the island slashed sales, which was …
Sri Lanka power utility losing Rs200mn a day: minister
July 06, 2012 (LBO) - Ceylon Electricity Board, Sri Lanka's state-run power utility is losing 200 million rupees a day, and a ministerial committee is making …
Sri Lanka in final talks over India coal joint venture: official
July 6, 2012 (LBO) - Sri Lanka's state-run Ceylon Electricity Board is in the final stage of discussions with India's National Thermal Power Corporation to …
Merchant Rating
July 05, 2012 (LBO) - RAM Ratings Lanka has confirmed an 'AA-' domestic long term rating of Merchant Bank of Sri Lanka and 'P1' short term rating of the …
Sky Data
July 05, 2012 (LBO) –Sri Lankan firms engaging in large scale data operations could switch to storing information on remote centres over the internet, …
Sri Lanka power users asked to conserve energy
July 05, 2012 (LBO) - Sri Lanka's power users should cut energy use by 10 percent to help avoid power cuts until more rain comes in the inter monsoonal period, …
Fast Trades
July 05, 2012 (LBO) - South Africa's Johannesburg Stock Exchange (JSE) has started to use trading software by Sri Lanka based MillenniumIT, a unit of the …
Power Brakes
July 03, 2012 (LBO) - New vehicle registrations in Sri Lanka may drop up to 40 percent in 2012 and dreams of motor bike owners to move on to small cars will be …
Sri Lanka dendro power plants may face higher costs: official
July 01, 2012 (LBO) - Dendro power plants in Sri Lanka may be unviable if too many are licensed to operate close to each other because competition may drive up …
Sri Lanka to keep getting US, GSP trade benefits
June 30, 2012 (LBO) - Sri Lanka will continue to receive preferential trade concessions after 'noteworthy efforts' were made by the state to address worker …
Shipping Hub
June 30, 2012 (LBO) - Hadi Hamad Al-Hammam group, a Saudi Arabia based firm, will invest 44 million US dollars in Seagulf Shipyard (Pvt) Ltd, a boat repair …
Warehouse Land
June 28, 2012 (LBO) - Sri Lanka's ports agency will lease land to three companies to build warehouses at a new industrial port in Hambantota in the island's …