Sri Lanka to revive exporters’ forum
Apr 01, 2011 (LBO) - Sri Lanka's Minister of Industry and Commerce has decided to revive a regular meeting with exporters which allowed them to air grievances …
Industry
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Japan PM says stricken nuclear plant to be scrapped
SENDAI, March 31, 2011 (AFP) - Japan said Thursday its crisis-hit nuclear plant must be scrapped, but currently had no plans to evacuate more people, despite …
Sri Lanka mulls airport mono-rail, multi-storey car park
Apr 01, 2011 (LBO) - Sri Lanka is looking for investors to build a multi-storey car park and a hotel close to the international airport to which a mono-rail …
Gridlock Strategy
Mar 31, 2011 (LBO) - Sri Lanka will have to find ways to improve public transport to reduce the need for private vehicle use to prevent gridlock as vehicle …
Virtual Agency
Mar 31, 2011 (LBO) - Triadhot.com, a division of Sri Lanka's Triad advertising agency said it had launched its first integrated marketing campaign in Singapore …
Transport Stalemate
Mar 30, 2011 (LBO) - A surfeit of ministries handling transport in Sri Lanka has turned the sector into a "nightmare" with fragmented responsibilities …
Director Changes
Mar 30, 2011 (LBO) - A director of Sri Lanka's listed Commercial Bank of Ceylon has stepped down amid pressure from the state, deepening a controversy over …
Sri Lanka adds extra India flight for World Cup final
Mar 30, 2011 (LBO) - Sri Lanka's national carrier SriLankan Airlines will operate an extra flight to Mumbai in India on Saturday, April 02 to cater to cricket …
Risk Cover
Mar 29, 2011 (LBO) - The International Finance Corporation (IFC) said it will provide a five million US dollar trade-finance facility to Sri Lanka's Union Bank …
Finance Sale
Mar 29, 2011 (LBO) - Sri Lanka's People's Merchant Bank, a listed company, said it will sell People's Merchant Finance Company Ltd, a 99 percent owned …
AirAsia, Expedia tie up to tap Asia travel demand
SINGAPORE, March 29, 2011 (AFP) - Budget carrier AirAsia and travel website Expedia announced a tie-up Tuesday to sell flights, hotel bookings and holiday …
Alternative Finance
Mar 29, 2011 (LBO) - Sri Lanka expects to devise Islamic finance specific regulations this year following ongoing consultations with the industry, though the …
Sri Lanka power conspiracy alleged in fuel move
Mar 28, 2011 (LBO) - Sri Lanka's power ministry has alleged that a private sector conspiracy could be behind the sudden withdrawal of fuel supplies to a …
Sri Lanka venture capital firm invests in wind power
Mar 28, 2011 (LBO) - Sri Lankan venture capital Lanka Ventures said it will invest 384 million rupees through a subsidiary to set up a wind power plant on the …
Credit Trend
Mar 28, 2011 (LBO) - Sri Lanka loans to business from commercial banks rose 28.1 percent in January 2011 from a year earlier to 1,530 billion rupees, central …
Fast Decisions
Mar 28, 2011 (LBO) - The Sri Lankan government is seeking private investment proposals to modernise the neglected transport system and will give investors …
Exposure Limits
Mar 25, 2011 (LBO) - Sri Lanka's banking regulator plans to limit exposure of banks to the stock market to prevent the risk of a downturn in equities affecting …
Credit Access
Mar 25, 2011 (LBO) - Sri Lanka's NDB Bank has joined a World Bank credit scheme to channel low cost loans to small and medium enterprises (SMEs) through eight …
Sri Lankan exporters rewarded
Mar 25, 2011 (LBO) - Sri Lanka's commerce ministry has paid almost 500 million rupees to 76 exporters in the final payment under a scheme to reward them for …
Recovery Road
Mar 25, 2011 (LBO) - Fresh capital will soon be given to the remaining Sri Lankan finance companies that got into trouble two years ago, prompting intervention …