Bid Circle
Sept 30, 2010 (LBO) - Sri Lanka has decided to call for fresh tenders to build a section of highway around the capital Colombo as bids from Japanese …
Industry
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Standard Rating
Sept 30, 2010 (LBO) - Sri Lanka's Standard Chartered Bank (SCB) branch has been rated at 'AAA' by RAM Ratings Lanka, with the assessment driven mainly by the …
Capital Cushion
Sept 30, 2010 (LBO) - Sri Lanka's Central Bank has decided to reduce the general provision on performing loans of banks to 0.5 percent by December 31, 2011 …
Deposit Protection
Sept 30, 2010 (LBO) - Sri Lanka's Central Bank said it will introduce a deposit insurance scheme from October 1 that will help protect small depositors and …
Ad Award
Sep 30, 2010 (LBO) - Ranil de Silva founder of Sri Lanka's Leo Burnett advertising agency has been awarded a 'Global Medal of Merit' by New York based, …
Sri Lanka hotel share, warrants issue approved
Sept 29, 2010 (LBO) - Sri Lanka's stock exchange has approved the issue of new shares and attached warrants by Hotel Reefcomber to raise cash to revamp the …
Capital Position
Sept 29, 2010 (LBO) - Fitch Ratings Lanka has confirmed DFCC Bank's (DFCC) National Long-term rating at 'AA(lka)' with a stable outlook, a statement said. …
Fresh Capital
Sept 29, 2010 (LBO) - The Finance Company, a Sri Lankan finance company recovering after a run, is to raise 1. online pharmacy buy spiriva inhaler with best …
Sri Lanka mini-hydro power firm to list
Sept 29, 2010 (LBO) - Hydro Power Free Lanka, a mini-hydro power firm which has a generating capacity of 3.2 MegaWatts is selling 35 million shares to raise …
Sri Lanka gets more Jet flights
Sept 28, 2010 (LBO) - India's Jet Airways said it plans to introduce daily flights to the Sri Lankan capital Colombo from Delhi and Mumbai to cater to the …
Clearing Cargo
Sept 28, 2010 (LBO) - The Sri Lanka Ports Authority which runs the island's ports expects to be able to handle payments by port users online by January next …
Sri Lanka starts nuclear power study, talks with Russia
Sept 28, 2010 (LBO) - Sri Lanka has begun a study to build a nuclear power plant to meet growing electricity demand and is in talks with Russia and other …
Credit Quality
Sept 27, 2010 (LBO) - RAM Ratings Lanka has confirmed the long term rating of ˜A’ for Lankaputhra Development Bank (LDB) but lowered its outlook to …
Metro Move
Sept 25, 2010 (LBO) - A rail-based metro system may be an option in part of Sri Lanka's capital city Colombo when passenger flows rise to levels that make it …
Sri Lanka Taj airport hotel expanding, rebranded
Sept 24, 2010 (LBO) - Sri Lanka's Taj Airport Garden Hotel, a 130 room hotel will be expanded with 100 more rooms and rebranded under the group's 'The Gateway …
Sri Lanka gets more attention from India’s Taj hotels
Sept 24, 2010 (LBO) - India's Taj group is looking for opportunities in Sri Lanka's war-torn eastern coast and a city hotel it controls will also need 30 to 35 …
Vehicle Pact
Sept 23, 2010 (LBO) - Sri Lanka's SMB Leasing has struck a deal with Lanka Ashok Leyland, the local unit of the Indian vehicle manufacturer, to distribute its …
Upgrade Potential
Sept 23, 2010 (LBO) - Fitch Ratings Lanka said it has raised the outlook on Sri Lanka's Sampath Bank (SB) ˜AA−(lka)’ national longterm rating to …
Rate Ceiling
Sept 23, 1010 (LBO) - Sri Lanka's central bank has asked banks to cut interest rates on housing loans to 14.0 percent and interest on credit cards to 24 …
Knowledge Source
Sept 22, 2010 (LBO) - India's CRISIL, a unit of the rating agency Standard & Poor's said it is buying Pipal Research Corporation, a knowledge process …