Islamic Banking
Feb 02, 2011 (LBO) - The Monetary Board of the Central Bank of Sri Lanka has given a commercial banking license to Amana Bank, a statement said. Islamic …
Industry
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Fashion Fortunes
Feb 01, 2011 (LBO) - Sri Lankan fashion retailer Odel's December 2010 quarter net profit rose 35 percent to 76 million rupees from a year ago with inventory …
Branching Out
Feb 01, 2011 (LBO) - The London School of Commerce (LSC) Group of Colleges has opened a branch in Sri Lanka offering graduate and post-graduate courses, a …
Leasing Strength
Feb 02, 2011 (LBO) - Sri Lanka's Fitch Ratings has today confirmed Sri Lanka's People's Leasing Company's long term rating of 'A(lka)' with a stable outlook on …
Sri Lanka insurer to invest in leisure sector
Feb 01, 2011 (LBO) - Sri Lanka's state-owned Sri Lanka Insurance Corporation will invest in the fast-growing tourism sector by building a hotel in the island's …
Upgraded
Feb 01, 2011 (LBO) - Sri Lanka's People's Leasing Finance (PLF), a unit of Peoples Leasing Company by one notch to 'BBB(lka)' with a stable outlook, on …
Cement Rating
Feb 01, 2011 (LBO) - Sri Lanka's Tokyo Cement Company (Lanka) Ltd has been rated 'A' by Ram Ratings on its strong market position and balance sheet against its …
Different Roads
Jan 31, 2011 (LBO) - Sri Lanka's People's Merchant Bank will not take over the assets and liabilities of a finance company whose shares it has acquired but …
Tech Focus
Jan 31, 2011 (LBO) - Sri Lanka's dominant mobile phone operator Dialog Axiata has set up a fully-owned subsidiary to handle information technology-enabled …
Sri Lanka rural power gets ADB financing
Jan 29, 2011 (LBO) - Sri Lanka's power utility will get a 120 million US dollars loan from the Asian Development Bank to expand its distribution network to …
Sri Lanka’s second Shangri-La project in Hambantota
Jan 29, 2010 - (LBO) - Sri Lanka's second hotel project by Hong Kong based Shangri-La group will be built in Hambantota in the south of the island, an official …
New Cranes
Jan 28, 2011 (LBO) - Sri Lanka's state run container terminal in Colombo port will get three gantry cranes and six transfer cranes from China in February which …
Finance Capital
Jan 28, 2011 (LBO) - Sri Lanka's listed The Finance Company, which is in a restructuring drive under regulatory supervision said it had raised 1. online …
Stock Carrots
Jan 28, 2011 (LBO) - Sri Lanka's Sampath Bank said it intended to give stock options of up to three million shares to employees as a performance incentive if …
Video Call
Jan 28, 2011 (LBO) - Sri Lanka's Microsoft say a new product, Lync 2010, that offers audio, video and web conferencing will help companies cut cost by reducing …
Sri Lanka Navy to begin whale watching tours
Jan 28, 2011 (LBO) – The Sri Lanka Navy has ventured into wild life tourism by offering whale watching tours to the public off the island’s …
Finance Rating
Jan 27, 2011 (LBO) - Sri Lanka's Arpico Finance Company's long-term rating has been confirmed at BB and its outlook lifted 'positive' from 'stable' on better …
Standard Measures
Jan 26, 2011 (LBO) - The Sri Lanka chapter of US based Chartered Financial Analysts (CFA) is promoting the adoption of Global Investment Performance Standards …
Sri Lanka cuts taxes on milk powder
Jan 25, 2011 (LBO) - Sri Lanka has cut taxes on imported milk powder from 50 rupees a kilogram to 28 rupees as global commodity prices surged, a finance …
Store Club
Jan 25, 2011 (LBO) - Sri Lanka's Odel a high end retailer said it had joined a global department store association founded in Switzerland which whose members …