Charging
July 11, 2011 (LBO) - Directors of an unregulated finance company in Sri Lanka's Ceylinco group including its chairman Lalith Kothelawala have been charged …
Industry
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Sri Lanka presses Pakistan to lower tariffs
July 10, 2011 (LBO) - Sri Lanka is pressing Pakistan to reduce import duties on key exports from the island with the issue to be taken up again at a …
Peace Dividend
July 10, 2011 (LBO) - Singer Sri Lanka, a consumer durables firm, a top retailer of televisions, refrigerators and sewing machines says sales in the former …
Sri Lanka tea exporter plans off-shore blending plant
July 9, 2011 (LBO) - HVA Foods, a Sri Lanka-based branded tea exporter is planning a blending unit in the Middle East to gain a bigger share in the global …
Sri Lanka LOLC group builds 6MW dendro plant
July 9, 2011 (LBO) - United Dendro Energy, a unit of Sri Lanka's LOLC group is building a 6 MegaWatt dendro power plant to be fired by gliricidia with plans to …
Domain Expertise
July 8, 2011 (LBO) - Virtusa a US based firm which has a development centre in Sri Lanka, has bought ALaS, a New York based consultancy for banking, financial …
Computer Trend
July 08, 2011 (LBO) - Singer Sri Lanka, a consumer durables firm with a nation-wide network says laptop sales are overtaking the desk top market, and computers …
Bank Ratings
July 08, 2011 (LBO) - Fitch Ratings Lanka has confirmed the national long-term ratings of Bank of Ceylon (BOC), People's Bank (PB), Commercial Bank of Ceylon …
Feeder Berth
July 08, 2011 (LBO) - Sri Lanka plans to create an extra berth for feeder vessels at Colombo port to accommodate growing cargo flows that threatens to choke …
Finance Education
July 07, 2011 (LBO) - Amana Global, a fully-owned subsidiary of Sri Lanka's Amana Takaful has signed a deal with Islamic Banking and Finance Institute of …
Petroleum Post
July 07, 2011 (LBO) - Sri Lanka's government is seeking a new head for the Petroleum Resources Development Secretariat (PRDS), to lead the island's search for …
Sri Lanka to build new ‘tourist city’ north of capital
July 7, 2011 (LBO) - Sri Lanka will build a new 'tourist city' in the Western coastal city of Katana north of the capital Colombo, which may draw 1.5 billion …
Vehicle Trend
July 07, 2011 (LBO) - Sri Lanka's vehicle registrations were up 65.2 percent in May 2011 to 41,862 from a year earlier, with total registrations also up 65 …
Lending Risk
SINGAPORE, July 6, 2011 (AFP) - The Asian Development Bank (ADB) and reinsurer Swiss Re announced an agreement Wednesday to boost regional trade by …
Sri Lank, India ferry opens new route for people, vehicles
July 06, 2011 (LBO) - A new ferry service between India and Sri Lanka offers a cheaper alternative to airlines for tourists, traders and pilgrims and even the …
Port Prospects
July 06, 2011 (LBO) - A new deep-water terminal in Colombo port will help Sri Lanka take advantage of increasing Indian cargo volumes, said the head of a local …
Sri Lanka Pakistan CEPA talks in August: report
July 6, 2011 (LBO) - Sri Lanka and Pakistan will have talks on a comprehensive economic partnership agreement (CEPA) to broaden economic links in August in …
Sri Lankan shippers warned against forged trade documents
July 06, 2011 (LBO) - Documents used for international trade such as bills of lading are easily forged, a maritime fraud expert has warned Sri Lankan shippers, …
E-treatment
July 05, 2011 (LBO) - eChannelling, a listed Sri Lankan dotcom that enables patients to make appointments with doctors over the internet, has struck a deal …
Sri Lanka Shangri La hotel designs being wrapped up: official
July 5, 2011 (LBO) - Hong Kong based Shangri La group's two hotels in Sri Lanka which are now in the final design stage will cost as much 630 million US …