Sri Lanka, Thai hotel venture to build beach property
Nov 25, 2011 (LBO) - Thailand's Minor International is to build a 160-room beach hotel on Sri Lanka's south-west coast in a partnership with the island's Hemas …
Industry
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Asset Quality
Nov 25, 2011 (LBO) - RAM Ratings Lanka has upgraded LB Finance’s (LBF) long- and short-term financial institution ratings, from BBB+/P2 to A-/P2, with …
Currency Option
Nov 24, 2011 (LBO) - Sri Lanka's Commercial Bank of Ceylon is now offering Non-Resident Foreign Currency (NRFC) accounts in Chinese yuan following its …
Expressway Expertise
Nov 24, 2011 (LBO) - Japan will provide funding for an electronic toll collection 'touch-and-go' card system on Sri Lanka's first expressway that is to be …
Sri Lanka tourist arrivals to hit target ahead of schedule
Nov 24, 2011 (LBO) - Tourist arrivals to Sri Lanka have been growing faster than expected and the island expects to achieve its original target of attracting …
Lease Trend
Nov 23, 2011 (LBO) - People's Leasing Co., Sri Lanka's largest leasing company, said September 30, 2011 quarter net profit rose 65 percent to 790 million …
Sri Lanka Lankem buys boutique hotel
Nov 23, 2011 (LBO) - Lankem Ceylon said it bought control of Galle Fort Hotel, a boutique hotel in Sri Lankan's southern port town of Galle, for 772 million …
Telecom Levy
Nov 22, 2011 (LBO) - Sri Lanka has raised a levy on international calls with each outgoing minute charged 3 rupees from the current 2 rupees, a budget for 2012 …
Live Trading
Nov 22, 2011 (LBO) - Millennium Information Technologies, a unit of London Stock Exchange that was founded in Sri Lanka said its software has gone lived at …
Sri Lanka hotel planned by China Harbour: report
Nov 22, 2011 (LBO) - China Harbour Engineering Company (CHEC) a firm active in several Chinese financed project in Sri Lanka is looking to build a hotel in …
Vietnam welcomes Sri Lankan businesses
HANOI, Nov 21 (AsiaPulse) - The Vietnamese Government will create the possible best conditions for Sri Lankan and Vietnamese businesses to approach investment …
Sri Lanka to cut taxes on vehicles for tourism
Nov 21, 2011 (LBO) - Buses imported for tourism will be freed from value added tax and duties on vehicles imported for airport taxi services will be halved, …
Australia to allow liquids to be carried on int’l flights
CANBERRA, Nov 21 (AsiaPulse) - Australian international air passengers will soon no longer be banned from carrying liquids in their carry-on luggage. The …
Mortgage Profits
Nov 20, 2011 (LBO) - Profits at Sri Lanka's HDBC Bank, a mortgage lender fell 52 percent to 8. buy rybelsus online …
Finance Growth
Nov 19, 2011 (LBO) - Profits at Sri Lanka's Vallibel Finance, rose 157 percent to 60.1 million rupees in the September 2011 quarter from a year earlier, helped …
Sri Lanka eastern villages lit up by China
Nov 18, 2011 (LBO) - Sri Lanka's state-run Ceylon Electricity Board will light up 268 villages in the former war zones in the island's East with Chinese …
Shipping Cycle
Nov 18, 2011 (LBO) - Sri Lanka's Colombo Dockyard said September 2011 quarter net profit fell 43 percent to 455 million rupees from a year ago as revenue from …
Safety Questions
Nov 18, 2011 (LBO) - Sri Lanka's first expressway has serious flaws that make 100 kilometres an hour travel unsafe, an organisation of transport professionals …
Cargo Lift
Nov 18, 2011 (LBO) - Container terminals at Colombo port run by state-owned Sri Lanka Ports Authority (SLPA) have received a second batch of new cranes to …
Rail Link
Nov 18, 2011 (LBO) - Sri Lanka has signed a deal with India to restore part of a northern railway line that was damaged during the ethnic war under project …