Sri Lanka tourist arrivals up 31-pct in 2011
Jan 06, 2012 (LBO) - Sri Lanka's tourist arrivals in 2011 jumped 30.8 percent to a record 855,975 from a year ago with the peak season month of December also …
Industry
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Sri Lanka gets more apparel plants
Jan 06, 2012 (LBO) - Apparel exporters Timex and Fergasam Group will build two factories at a cost of five million US dollars in Sri Lanka's north-western …
Parental Support
Jan 06, 2012 (LBO) - Fitch Ratings Lanka has upgraded People's Leasing Company's (PLC) National Long-Term rating to 'A+(lka)' from 'A(lka)' and People's …
Japanese deputy premier tours Sri Lankan hydro power plant
May 5, 2012 (LBO) – Japan’s Deputy Prime Minister Katsuya Okada, began his second day in Sri Lanka on Saturday touring the island’s last …
Bond Sale
Jan 04, 2012 (LBO) - Sri Lanka's state-run Bank of Ceylon, the island's largest lender is looking to sell a 500 million dollar bond in the first half of this …
Petro Facility
Jan 03, 2012 (LBO) - Sri Lanka is negotiating a billion dollar facility from an international bank to defray payments for petroleum imports by made state-run …
Sri Lanka LOLC buys Dickwella Resort for a billion rupees
Jan 03, 2012 (LBO) - Sri Lanka's LOLC group has acquired control of a beach resort catering to up-market European tourists at a cost of just over a billion …
Sri Lanka among top destinations for 2012: Conde Nast Traveller
Jan 02, 2012 (LBO) - Sri Lanka has been named among the top destinations for 2012 by Conde Nast Traveller, a popular travel magazine after former war-torn …
Export Barriers
Jan 02, 2012 (LBO) - Sri Lanka's fast-growing information communications technology (ICT) industry faces difficulties in hiring skilled staff, finding good …
Milestone Machine
Jan 02, 2012 (LBO) - Sri Lanka's Commercial Bank has connected its 500th automated teller machine as it rapidly expands its network, adding 100 terminals in …
Mobile Momentum
Jan 02, 2011 (LBO) - Household access to telephones is on par with electricity, television, and radio in Sri Lanka mainly because of the boom in mobile phones, …
Sri Lanka electronic visa system starts
Jan 01, 2012 (LBO) - Sri Lanka has ended a free visa on arrival scheme from today with an electronic authorization system coming online, but anyone who arrives …
Sri Lanka to get US800mn tourism project from South Africa: report
Dec 31, 2011 (LBO) - South Africa's Sun City gaming and resort group will invest 800 million dollars in the biggest ever leisure development in Katana, north …
Sri Lanka expects US$850mn from tourism in 2011
Dec 30, 2011 (LBO) - Sri Lanka expects to earn 850 million US dollars from tourists in 2011 with annual arrivals expected to reach 830,000 an increase of 26 …
Rate War
Dec 30, 2011 (LBO) - Stiff competition among major container shipping lines that has cut freight rates is likely to continue next year, helping Sri Lankan …
Knowledge Export
Dec 30, 2011 (LBO) - Sri Lanka's information communications technology (ICT) industry is focusing more on value added software products and knowledge services …
Director Stakes
Dec 30, 3011 (LBO) - Dinesh Weerakkody, has been appointed chairman of Commercial Bank of Ceylon after Mahendra Amarasuriya its highly respected long time …
Sri Lanka promises impartial probe on tourist killing
Dec 29, 2011 (LBO) - Sri Lanka says investigations are continuing on an attack which left a British tourist killed and his Russian female friend injured with …
Value Exports
Dec 29, 2011 (LBO) - Sri Lanka's earnings from information communications technology (ICT) services and products grew strongly this year after rising sharply …
Sri Lanka renewable energy use grows
Dec 29, 2011 (LBO) - Non-conventional renewable energy use has grown sharply this year, accounting for the fastest growth among the different sources of energy …