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 …
Industry
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Finance Offer
Sept 28, 2011 (LBO) - An initial public offer by Sri Lanka's Trade Finance and Investments Limited (TIFL) was over-subscribed on the opening day Wednesday. …
Sri Lanka promises quick electronic entry nod
Sept 28, 2011 (LBO) - Sri Lanka's new electronic travel authorization system will approve applications within 24 hours but most applications will be approved …
Sri Lankan Airlines cuts losses
Sept 28, 2011 (LBO) - State-run SriLankan Airlines said it had lost 202 million rupees in the year to March 2011, down from 6.03 billion rupees a year earlier, …
Sri Lanka July 2011 export earnings up 9.4%, tea down
Sept 27, 2011 (LBO) - Sri Lanka's exports rose 9.4 percent to 958 million US dollars in July 2011 from a year ago although earnings from tea, its main …
Sri Lanka to start e-visa for 78 countries
Sept 27, 2011 (LBO) - Sri Lanka will start electronic visa approval for 78 countries with a online portal being opened after September 30, but Singapore and …
Sri Lanka travel show planned in Canada
Sept 27, 2011 (LBO) - A travel show to boost tourism to Sri Lanka wil be held in Toronto, Canada where the bulk of existing tourist traffic is now directed to …
Outsource Reach
Sept 26, 2011 (LBO) - PC House, a Sri Lankan information technology company, has bought a 90 percent stake in Infoserve (Private) Limited for 45 million …
Liquidity Path
Sept 26, 2011 (LBO) - Sri Lanka's The Finance Company, which was put under new management by the financial regulator, is planning to sell commercial property …
SriLankan Airlines starts flights to Moscow
Sept 26, 2011 (LBO) - SriLankan Airlines has begun flights to Moscow as it expands its network and increases the number of planes in the fleet. The first …
IMF, World Bank eye new tax on air travel, shipping
WASHINGTON, September 24, 2011 (AFP) - The World Bank and IMF are proposing global carbon taxes on aviation and ship fuels in developed economies to help …
Finance Law
Sept 24, 2011 (LBO) - Sri Lanka's central banks said it had tightened a law on finance businesses closing several loopholes and allowing authorities to probe …
Sri Lanka tribal recipes to entice tourists
Sept 23, 2011 (LBO) - A well-known Sri Lankan chef is to offer food made according to exotic recipes of the island's indigenous 'veddah' community to entice …
Upgraded
Sept 23, 2011 (LBO) - Sri Lanka's Seylan Bank was upgraded by one notch to 'A-(lka) from 'BBB+(lka) with a stable outlook on state support, improved credit …
Wheel Trend
Sept 23, 2011 (LBO) - Registrations of new vehicles in Sri Lanka dropped in July 2011 to 43,725 from a high of 48,157 a month earlier, while 12-month growth …
Galle literary festival in Sri Lanka gears up for 2012
Sept 22, 2011 (LBO) - Sri Lanka's Galle literary festival is notching up writers and sponsors for 2012 but it would remain 'intimate' giving audiences an …
Big Ticket
Sept 22, 2011 (LBO) - Sri Lanka's National Development Bank is positioning itself to push 'big ticket' deals in global markets partnering with Singapore's DBS …
Box Terminal
Sept 22, 2011 (LBO) - A Sino-Lanka consortium that is to build a container terminal in Colombo's new deep-water South Port has signed a deal with Sri Lanka's …
Sri Lanka lures youth for skills gap in booming tourist trade
Sept 21, 2011 (LBO) - Sri Lanka is to launch a campaign to educate youth of opportunities in the booming tourist industry where a skilled labour shortage looms …
Bank Link
Sept 21, 2011 (LBO) - Sri Lanka's National Development Bank said it was in talks with DBS of Singapore to strengthen its investment banking operations. online …