Sri Lanka Hunas Falls hotel to increase rooms, push eco-image
May 31, 2011 (LBO) - Sri Lanka's Hunas Hotel, located in the central hill district of Kandy will expand rooms and ride on its eco-friendly image targeting …
Industry
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Finance Deadline
May 31, 2011 (LBO) - Sri Lanka's central bank said 15 regulated finance companies have so far listed themselves on the Colombo Stock Exchange in response to a …
Oil Trend
May 31, 2011 (LBO) - Lanka IOC, the Sri Lanka unit of Indian Oil Corporation lost 111 million rupees in the March 2011 quarter, on revenues of 16. online …
Shipping Costs
May 30, 2011 (LBO) - Sri Lanka's Mercantile Shipping lost 38 million rupees in the March 2011 quarter through revenues rose 22 percent to 197 million rupees, …
Maritime Links
May 30, 2011 (LBO) - A passenger vessel that can carry up to 1,044 people is to be used to launch a transport service between Sri Lanka's Colombo port and the …
Nano Effort
May 29, 2011 (AFP) - India's Tata Nano, billed as the world's cheapest car, began its first export sales Sunday by entering the Sri Lankan market -- but with a …
Debenture Rating
May 27, 2011 (LBO) - Fitch Ratings said it had rated a proposed one billion rupee subordinated debenture 'AA-(lka)' by National Development Bank one notch …
Sri Lanka Keells Hotels net up 9-pct in March
May 26, 2011 (LBO) - Sri Lanka's Keells Hotels' profits rose 9 percent to 521 million rupees in the March 2011 quarter with most of the profits coming from its …
SriLankan Air Taxi launches daily flights to central hills
May 26, 2011 (LBO) - SriLankan Airlines has begun daily flights to Kandy in the central hills, using float planes to cut a three-hour road journey to 30 …
Cold Comfort
May 26, 2011 (LBO) - Sri Lanka's Ceylon Cold Stores said net profit for the financial year ending March 2011 fell 13 percent to 200 million rupees from a year …
Finance Rating
May 26, 2011 (LBO) - Sri Lanka's Multi Finance Company Limited (MFCL) has been rated 'B+(lka)', four notches below investment grade, by Fitch with a 'stable' …
Sri Lanka Taj profits recover
May 25, 2011 (LBO) - Sri Lanka's Taj Lanka Hotels, which owns a five star rated property in Colombo's Galle Face area said profits rose to 52 million rupees in …
Broad Spectrum
May 25, 2011 (LBO) - Sri Lanka's broadband use is lagging the region due to low penetration of personal computers and expensive mobile handsets, though the …
Fashion Profit
May 25, 2011 (LBO) - Sri Lankan fashion retailer Odel said March 2011 quarter group net profit rose 29 percent to 33 million rupees from a year ago with sales …
Profit Pressure
May 24, 2011 (LBO) - Sri Lanka's mobile phone industry is 'overcrowded' and ripe for consolidation with intensifying competition eroding profitability, Fitch …
SriLankan Airlines ground handling, catering monopoly extended by 10 years
May 24, 2011 (LBO) - Sri Lanka's airports authority has extended by 10 years a ground handling and catering monopoly given to the national carrier SriLankan …
SriLankan Airlines flights to Europe on schedule
May 24, 2011 (LBO) - All SriLankan Airlines flights to Europe will depart as scheduled with contingency plans to fly to alternate airports if Iceland’s …
Capital Raising
May 24, 2011 (LBO) - Sri Lanka's Commercial Bank wants to raise 9.buy ivermectin online buy ivermectin online no prescription 7 billion rupees through a rights …
Dicey Deals
May 24, 2011 (LBO) - Sri Lanka is continuing its legal defence in action filed by international banks over petroleum derivatives sold to a state-run oil …
Sri Lanka Hayleys wind power plant to start in Sept
May 23, 2011 (LBO) - Sri Lanka's listed Hayleys group said a wind power plant it is building in the island's north western coastal town of Kalpitiya will begin …