Cargo Call
Oct 06, 2011 (LBO) - Mediterranean Shipping Company has decided to extend by two years a deal with the Sri Lanka Ports Authority under which it calls at a …
Industry
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Tech Fair
CHIBA, October 4, 2011 (AFP) - Smartphones detecting bad breath and radiation, twistable remote controls and a super-thin tablet computer featured among the …
Sri Lanka LOLC buys full control of resort
Oct 04, 2011 (LBO) - Sri Lanka's LOLC Leisure has bought full control of the Tropical Villas resort on the south coast paying 165 million rupees to Carbotels …
Sri Lanka to monitor foreigners electronically
Oct 04, 2011 (LBO) - Sri Lanka is developing a system to track and monitor foreign nationals as they enter and travel around the country, after a new online …
Fresh Lease
Oct 03, 2011 (LBO) - People's Leasing Company, Sri Lanka's largest leasing firm which plans to raise 70 million US dollars in an initial public offer, is …
Recovery Drive
Oct 03, 2011 (LBO) - RAM Ratings Lanka has assigned long- and short-term financial institution ratings of B- and NP to Prime Grameen Micro Finance Ltd. with …
Sri Lanka leisure group to revive coral reef
Oct 03, 2011 (LBO) - Sri Lanka's John Keells group has tied up with a local university in a project to revive a coral reef that is the main draw on a southern …
Gas Find
Oct 02, 2011 (LBO) - Sri Lankan president Mahinda Rajapaksa has announced that a large natural gas deposit has been found in offshore waters, a presidential …
Sri Lanka’s Spence wins prize at World Travel Awards
Oct 02, 2011 (LBO) - Maldives' Adaaran Prestige Resorts run by Sri Lanka's Aitken Spence group was voted the India Ocean's best water villa at World Travel …
Sri Lanka military gets two Chinese passenger transports
Oct 01, 2011 (LBO) - Sri Lanka Air Force Friday took delivery of two 56 seat twin engine turboprop aircraft from China which could be used for regional …
Bank Changes
Sept 30, 2011 (LBO) - Sri Lanka's Sampath Bank said deputy managing director M Y A Perera will take-over as managing director from January 01, 2012, as current …
Celluloid Shoot
September 30, 2011 (AFP) - Once a location of choice for directors shooting World War II classics and big 1980s adventure films, Sri Lanka is hoping to make a …
Sri Lanka launches web portal for tourist travel approvals
Sept 30, 2011 (LBO) - Sri Lanka's electronic tourist travel approval system will be effective from January 01, 2012 with a trial run starting from Saturday, …
Look Out
Sept 29, 2011 (LBO) - Sri Lanka's navy is monitoring merchant shipping movements to guard against the threat of attacks by Somali pirates who have been …
Domestic Credit
Sept 29, 2011 (LBO) - Sri Lanka will borrow around 500 million US dollars from local banks to pay domestic contractors who will pave national highways and …
SriLankan Airlines plane detained in Paris
Sept 29, 2011 (LBO) - A SriLankan Airlines aircraft was detained at Charles De Gaulle Airport in Paris last Friday after it failed to meet European safety …
Parental Support
Sept 29, 2011 (LBO) - Fitch Ratings Lanka has confirmed DFCC Vardhana Bank Limited's (DVB) National Long-Term Rating at 'AA-(lka)' with a stable outlook. The …
Capital Base
Sept 29, 2011 (LBO) - Fitch Ratings Lanka has confirmed DFCC Bank's (DFCC) National Long-Term Rating at 'AA(lka)' with a stable outlook. online pharmacy buy …
Sri Lanka leisure group rebrands hotels, raises rates
Sept 28, 2011 (LBO) - John Keells group has revamped and rebranded two hotels on Sri Lanka's south coast, sharply raising rates as it lures tourists with …
Vehicle Strategy
Sept 28, 2011 (LBO) - The Sri Lankan agency for South Korea's KIA Motors is to set up three more service stations within the Colombo metropolitan region and …