Auto Trends
May 11, 2011 (LBO) - KIA Motors of South Korea plans to begin selling small cars in Sri Lanka by July 2011 following the introduction of its KIA Optima car in …
Industry
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Bangladesh mulls clothes factories in jails
DHAKA, May 11, 2011 (AFP) - Bangladesh's prison authorities on Wednesday announced plans to set up garment factories in the country's overcrowded jails in a …
Bank Numbers
May 10, 2011 (LBO) - Sri Lanka's Union Bank said net profit rose 212 percent to 60 million rupees in the March 2011 quarter from a year ago with sharp gains in …
Money Transfer
May 10, 2011 (LBO) - ICICI Bank, India's largest private sector bank, has tied up with Sri Lanka's Sampath Bank to launch an online cross-border money transfer …
Telco Trends
May 10, 2011 (LBO) - Sri Lanka Telecom's March 2011 quarter net profit rose 114 percent to 1,295 million rupees from a year ago with sharp gains from …
Sri Lanka Vallibel Power March net up 57-pct
May 10, 2011 (LBO) - Vallibel Power Erathna, a Sri Lankan mini-hydro power firm, said March 2011 quarter net profit rose 57 percent to 44. online pharmacy buy …
Finance Listing
May 10, 2011 (LBO) - Bimputh Lanka Investments, a registered finance company in Sri Lanka, has been given regulatory approval to list on the Colombo stock …
SriLankan Airlines to launch services to Moscow
May 09, 2011 (LBO) - SriLankan Airlines will start a new service to Moscow on September 15, making the Russian capital the airline's 52nd destination. …
Sri Lanka LOLC closes beach hotels for refurbishment
May 09, 2011 (LBO) - Sri Lanka's LOLC group has closed three beach hotels it acquired recently - Riverina, Club Palm Garden and Tropical Villas - for …
Software Deal
May 09, 2011 (LBO) - eChannelling, a listed Sri Lankan dotcom that enables patients to make appointments with doctors over the internet, has struck a deal with …
Banking Trends
May 09, 2011 (LBO) - Sri Lanka's Union Bank, which became a retail investor favourite after its recent listing, intends to go into new lines of business and …
Finance Listing
May 09, 2011 (LBO) - Mercantile Investments Limited (MIL), a registered finance company in Sri Lanka, has been given regulatory approval to list on the Colombo …
Promising Labels
SINGAPORE, May 8, 2011 (AFP) - A 0-million private equity fund backed by the world's top luxury retailer LVMH is on the prowl for emerging Asian brands in the …
Piracy Warning
BEIJING, May 6, 2011 (AFP) - A Panama-registered cargo ship seized by pirates in the Arabian Sea has been rescued along with the 24 Chinese sailors aboard, the …
Broadband Battle
May 06, 2011 (LBO) - The Sri Lanka unit of UAE-based Etisalat has commissioned a high-speed 3. online pharmacy buy abilify with best prices today in the USA …
Raising Funds
May 06, 2011 (LBO) - Sri Lanka's Hatton National Bank said it plans to raise at least 15.07 billion rupees through a rights issue and private placement to …
Sri Lanka Aviva unit March net Rs147.6mn
May 06, 2010 (LBO) – Sri Lanka's Aviva NDB Insurance made a net profit 147.6 million rupees in the March 2011 quarter compared with a loss of 80 million …
Sri Lanka goes solar for rural lighting
May 06, 2011 (LBO) - Sri Lanka is to provide solar power for the 10 percent of homes that cannot be reached by extending the national electricity grid in its …
European Union to reduce GSP beneficiary countries
BRUSSELS, May 5, 2011 (AFP) - European Union trade chiefs are planning to strip away special export advantages granted to China, India, Indonesia and scores of …
Sri Lanka HNB Assurance ‘A(lka)’ rating confirmed
May 06, 2011 (LBO) - Fitch Ratings Lanka has affirmed HNB Assurance's (HNBA) National Long-Term rating and its National Insurer Financial Strength (IFS) rating …