Sri Lanka Aviva December net down 21-pct
Feb 16, 2012 (LBO) - Sri Lanka's Aviva NDB Insurance said December 2011 quarter net profit fell 21 percent to 482 million rupees from a year ago with sales …
Industry
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Sri Lanka urges removal of non-tariff barriers to South Asia trade
Feb 16, 2012 (LBO) - Sri Lanka has called for the removal of non-tariff barriers to trade in South Asia, saying reducing or elimination of tariffs alone is not …
Orix Net
Feb 16, 2012 (LBO) - Sri Lanka's LOLC group which has interest in financial services, plantations, trading and leisure said net profits for the December 2011 …
Electronic Books
Feb 16, 2012 (LBO) - Etisalat's Sri Lankan unit has teamed up with booksellers and a software firm to launch an electronic book store for local publishers and …
Sri Lanka draws Indian clothing retailer
Feb 15, 2012 (LBO) - Sri Lankan clothing retailer Hameedia has tied up with India’s Madura Fashion & Lifestyle to sell its clothing brands and also open …
Sri Lanka raises power prices
Feb 14, 2012 (LBO) - Sri Lanka's power regulator has approved surcharges of between 15 to 40 percent on the bills of power users to recover a part of the cost …
Auto Outcome
Feb 14, 2012 (LBO) - December 2011 quarter net profit at Sri Lankan auto importer and distributor Diesel and Motor Engineering Company (Dimo) fell 27 percent …
Provision Pattern
Feb 14, 2012 (LBO) - Sri Lanka's Seylan Bank December 2011 quarter net profit rose 72 percent to 664 million rupees from a year ago, helped by lower loan loss …
Managing Wealth
Feb 14, 2012 (LBO) - NDB Aviva Wealth Management, a Sri Lankan asset management firm, has chosen Advent Software to provide a wealth management system for …
Asset Quality
Feb 14, 2012 (LBO) - Fitch Ratings Lanka has confirmed Pan Asia Banking Corporation's (PABC) proposed subordinated debentures of up to 2.0 billion rupees at …
Bus Tariff
Feb 13, 2012 (LBO) - Sri Lanka's bus fares will be raised by 20 percent and striking buses will return to the streets from Tuesday, Gemunu Wijeratne, head of …
Sri Lanka tourist arrivals up 15.7-pct in January
Feb 13, 2012 (LBO) - Tourist arrivals to Sri Lanka increased 15.7 percent to 85,874 in January 2012 from a year earlier, maintaining growth but at a slower …
Sri Lanka power utility CEB, to raise tariffs
Feb 13, 2012 (LBO) - Sri Lanka's state-run Ceylon Electricity Board has asked the regulator for a tariff hike or a fuel surcharge to cover part of an estimated …
Fuel Protests
Feb 13, 2012 (LBO) - A steep fuel price increase in Sri Lanka to correct mounting economic imbalance and pressure on a currency peg has seen protests by bus …
Sri Lanka state-carrier to cut UK flights, lease Heathrow slots: report
Feb 12, 2012 (LBO) - State-run SriLankan airlines is considering slashing flights to London from Sri Lanka's capital Colombo from 12 to 7 a week and leasing …
Sri Lanka chases golf tourism
Feb 11, 2012 (LBO) - Sri Lanka's state-run carrier is SriLankan is sponsoring an Asia Pacific tour event as part of efforts boost the profile of the island's …
Rating Cut
Feb 11, 2012 (LBO) - Sri Lanka's Mercantile Investments Plc, has been downgraded to 'BBB+' from 'A' and its short term rating from P1 to P2 by Ram Ratings …
Sri Lanka and Pakistan to boost trade
Feb 11, 2012 (LBO) - Sri Lanka and Pakistan will boost bilateral trade to over two billion dollars by 2015 and promote the use of local currencies, a joint …
Northern Finance
Feb 11, 2012 (LBO) - The Finance, Sri Lanka's pioneer finance company has returned to pre-war premises in the island's northern Jaffna city, where the economy …
Price Hike
Feb 11, 2012 (LBO) - Sri Lanka has steeply raised the price of diesel partially correcting chronic mis-pricing between refined fuels in a move that could also …