Sri Lanka export fair signs up 370 exhibitors
Mar 07, 2012 (LBO) - Sri Lanka Expo 2012 will kick off on March 28, with 370 exhibitors and a series of technical sessions and 700 foreign visitors including a …
Industry
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Sri Lanka’s Janashakthi Insurance says focusing on underwriting
Mar 07, 2012 (LBO) - Sri Lanka's Janashakthi Insurance has focused on containing claims and writing more profitable business in 2011, though investment income …
Bank Rating
Mar 06, 2012 (LBO) - Fitch Ratings has confirmed an 'AAA(lka)' national rating with a stable outlook for HSBC's branch in Sri Lanka following an outlook …
Capital Boost
Mar 06, 2012 (LBO) - Sri Lanka's listed Sampath Bank is planning to issue subordinated debt to boost its regulatory capital by at least 5. online pharmacy buy …
Merchant Rating
Mar 06, 2012 (LBO) - Sri Lanka's People's Merchant Plc's (PMP) 'BB+(lka)' national rating has been confirmed by Fitch Ratings with a stable outlook. The rating …
Online Trading
Mar 06, 2012 (LBO) - IronOne Technologies, a Sri Lanka based firm said its online trading system used at 15 out of 22 brokers has been connected to an upgrade …
Price Signals
Mar 05, 2012 (LBO) - Sri Lanka's Gampaha district in the Western province bordering the capital Colombo was the area with the highest kerosene consumption with …
Southern Tech
Mar 05, 2012 (LBO) - Sri Lanka is building an information technology park in Suriyawewa in Hambantota in the island's south, which is expected to be fully …
Burning Loss
Mar 03, 2012 (LBO) - Giving subsidized furnace oil to a state-run power utility was the main main source of losses at a petroleum utility, while the private …
Sri Lanka airport expansion financed by Japan
Mar 03, 2012 (LBO) - Sri Lanka's main international airport has secured financing of 28.9 billion yen financing (330 million US dollars) to expand and …
Higher Rates
Mar 02, 2012 (LBO) - Capital Alliance Finance Plc, a registered finance company in Sri Lanka said it is offering 14.5 percent for six month fixed deposits …
Sri Lanka interest rate increases seen hitting insurance growth
Mar 02, 2012 (LBO) - The rise in interest rates in Sri Lanka, which began recently, could reduce the growth of the insurance market as it reduces the …
Sri Lanka gets AirAsia flight to Bangkok
Mar 02, 2012 (LBO) - Low-cost carrier AirAsia's Thai unit has begun direct flights connecting Bangkok with the Sri Lankan capital Colombo aiming to attract …
Japan gains Sri Lanka auto market share with hybrids
Mar 01, 2012 (LBO) - Japan has increased its share in Sri Lanka's auto market to 36 percent from 33 percent in value with a surge in hybrid vehicles, amid a …
Asset Quality
Mar 01, 2012 (LBO) - Sri Lanka's Sampath Bank said December 2011 quarter net profit fell 34 percent from a year ago but a rapid growth in staff and branches …
Malaysia’s AirAsia cuts pre-booked meal prices
Mar 01, 2012 (LBO) - AirAisa, a Malaysia based budget carrries said it had cut in-flight meals as much as 30 percent in the wake of a cut in check-in baggage …
Sri Lanka’s central bank says S&P downgrade unwarranted
Feb 29, 2012 (LBO) - Sri Lanka's Central Bank says an outlook and rating by Standard & Poor's in the wake of balance of payments pressure is unwarranted …
Margin Squeeze
Feb 29, 2012 (LBO) - Sri Lanka' Hatton National Bank group December 2011 profits rose 21 percent from a year earlier to 2. buy antabuse online …
Buying Access
Feb 29, 2012 (LBO) - Sri Lanka's Access Engineering bought 60 percent of vehicle importer Sathosa Motors from Japan's Itochu Corp. online pharmacy buy diflucan …
Bank Boss
Feb 28, 2012 (LBO) - Sri Lanka's Commercial Bank said Ravi Dias, its deputy chief executive, would take over as managing director and chief executive of the …