Merger Watch
Nov 03, 2011 (LBO) - Fitch Ratings Lanka said it is maintaining Merchant Credit of Sri Lanka's (MCSL) National Long-Term 'BBB(lka)' rating on 'Rating Watch …
Industry
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Wake Up
Nov 03, 2011 (LBO) - Sri Lanka's banking regulator has urged bank directors to be more diligent and use their skills to ensure the health of their own …
Sri Lanka supermarket chain cuts waste with better logistics
Nov 02, 2011 (LBO) - Investing in better logistics and supply chain management helped Sri Lanka's Cargills group to reduce wastage and improve efficiency at …
Bond Momentum
Nov 02, 2011 (LBO) - Sri Lanka's banking regulator has urged banks to borrow abroad using improved credit ratings and precedents set by sovereign bonds as …
Finance Deal
Nov 01, 2011 (LBO) - Merchant Bank of Sri Lanka, a unit of state-run Bank of Ceylon said a consortium led by Navara Capital Ltd, an investment house, will buy …
Sound Profile
Nov 01, 2011 (LBO) - Fitch Ratings Lanka has confirmed Hatton National Bank's (HNB) National Long-Term rating at 'AA-(lka)' with a stable outlook. The agency …
Sri Lanka Hilton reveals management fees
Nov 01, 2011 (LBO) - Hotel Developers (Lanka), owners of Hilton Colombo Hotel in the Sri Lankan capital, has paid about 33 percent of gross operating profit as …
Branching Out
Nov 01, 2011 (LBO) - Union Bank of Colombo (UBC) and foreign investment fund ShoreCap II have completed the acquisition of Sri Lanka's The Finance and …
Teaming Up
Nov 01, 2011 (LBO) - Sri Lankan transport firms have formed a partnership with the local branch of a global professional body that will lobby the government on …
Price Fuss
Oct 31, 2011 (LBO) - Dairy multinational Fonterra's Sri Lanka unit has stopped supplying dairy products to the Food City supermarket chain after protests from …
Growth Number
Oct 31, 2011 (LBO) - Sri Lanka's Sampath Bank group profits for the September 2011 quarter rose 45.6 percent to 1.14 billion rupees helped by higher …
Finance Growth
Oct 31, 2011 (LBO) - Citizens Development Business Finance, a registered finance company in Sri Lanka said net profits for the September 2011 quarter rose 146 …
Sri Lanka Renuka City Sept net eroded by lower investment gains
Oct 31, 2011 (LBO) - Lower profit from share trading owing to a fall in the Sri Lankan stock market has halved Renuka City Hotels' September 2011 quarter …
Finance License
Oct 31, 2011 (LBO) - Commercial Leasing Company, a unit of Sri Lanka's LOLC group, said it had received a finance company license from the banking regulator …
Sri Lanka Galadari stake bought by Dubai govt
Oct 31, 2011 (LBO) - An investment fund connected to the Dubai government has bought a 16.1 percent stake in Sri Lanka's Galadari Hotel, in a deal valued at 1. …
Sri Lanka issues travel warning on flood hit Thailand
Oct 31, 2011 (LBO) - Sri Lankans should avoid all but 'extremely essential' travel to Thailand's capital Bangkok as floods worsened, the island's foreign …
Wheels Wealth
Oct 31, 2011 (LBO) - A post-war economic boom and lower import taxes helped sharply increase September 2011 quarter profits at two Sri Lankan vehicle importers …
Price Balance
Oct 30, 2011 (LBO) - Sri Lanka has raised pump prices by around 10 percent with petrol prices going up by 12.00 rupees a litre and diesel by only 8. online …
Visa Scam
WASHINGTON, October 30, 2011 (AFP) - A case working its way through a federal court in California has exposed huge student visa scams by "sham" universities …
Sri Lanka airport crunch looming: official
Oct 29, 2011 (LBO) - Sri Lanka's sole international airport will face a capacity crunch soon with passenger traffic exceeding its design capacity by year's end …