Mobile Banking
Aug 03, 2011 (LBO) - Dubai-based Etisalat's Sri Lanka unit said it had inked a deal with with OpenArc, a Colombo-based information technology company to …
Industry
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Port Forum
Aug 04, 2011 (LBO) - Sri Lanka is to host an annual meeting of the international ports association alongside an air freight and shipping exhibition to promote …
Costly Call
NEW DELHI, August 3, 2011 (AFP) - India's top mobile phone firm Bharti Airtel reported Wednesday a worse-than-expected 28 percent plunge in quarterly profit, …
Sri Lanka consumer durables sales up
Aug 02, 2011 (LBO) - Singer Sri Lanka, a top consumer durables retailer said profits rose 79.9 percent in the June 2011 quarter from a year earlier as sales …
Bow Wave
Aug 02, 2011 (LBO) - A newly started ferry service between India and Sri Lanka is becoming more popular and the group which operates the ferry from the Indian …
Solid Franchise
Aug 02, 2011 (LBO) - Fitch Ratings Lanka has confirmed Commercial Bank's (CB) national long-term rating at 'AA(lka)' with a stable outlook and also confirmed …
Sri Lanka 400-room resort proposal by Four Seasons: minister
Aug 02, 2011 (LBO) - Canada based Four Seasons leisure group has proposed building a 400-room resort on an islet off Kalpitiya in Sri Lanka's north western …
Harbour Traffic
Aug 02, 2011 (LBO) - The Sri Lanka Ports Authority has started work on widening a bridge inside Colombo port to ease traffic congestion within the harbour …
Fuel Test
Aug 02, 2011 (LBO) - Petroleum products imported into Sri Lanka are unloaded and distributed only after they are tested and meet the required standards, a …
Sri Lanka Finco exits apparel firm
Aug 01, 2011 (LBO) - Sri Lanka's Finco group has sold a controlling stake in listed Orient Garments to PC House Holdings, an unlisted firm and its chairman …
Alternative Finance
Aug 01, 2011 (LBO) - Amana Bank, Sri Lanka's first licensed commercial bank to operate under Islamic 'Shariah' laws has opened its doors in Colombo and …
Leasing Level
Aug 01, 2011 (LBO) - Sri Lanka Citizens Development Business Finance's net profit shot up 132 percent to 80 million rupees in the June 2011 quarter from a year …
Port Call
Aug 01, 2011 (LBO) - Singapore-based carrier Pacific International Lines (PIL) has added Sri Lanka's Colombo port on its East Africa - Far East Service, with a …
Financial Strength
Aug 01, 2011 (LBO) - Fitch Ratings Lanka has confirmed Standard Chartered Bank, Sri Lanka Branch's (SCBSL) national long-term rating at 'AAA(lka)' with a …
Port Revival
July 31, 2011 (LBO) - An American salvage company has begun clearing wrecks from a port in Sri Lanka's former northern war zone ahead of dredging and repair …
Winning Reports
July 31, 2011 (LBO) - Sri Lanka's Smart Media, an annual report publishing consultancy has won gold at an international competition coming within the top two …
Duopoly
July 30, 2011 (LBO) - Dubai-based Flemingo International, which has won a concession to operate a second duty free shop in Sri Lanka's main international …
Indian Caution
July 29, 2011 (LBO) - India's central bank has asked regional banks to be careful when dealing with people and entities from Sri Lanka after an international …
Somaliland
DUBAI, July 28, 2011 (AFP) - A petrol tanker belonging to the United Arab Emirates hijacked by Somali pirates on July 16 has been released, state news agency …
Sri Lanka’s Finco builds two east coast resorts
July 29, 2011 (LBO) - Sri Lanka's Finco group, which has interests in construction, export manufacturing and real estate is building two resorts in the …