Guarantee Rate
June 28, 2010 (LBO) - Sri Lanka's RAM Ratings has given a 'BBB+' long term financial enhancement rating to Construction Guarantee Fund (CGF) saying it has …
Industry
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Sri Lanka hill country hotels to be refurbished
June 28, 2010 (LBO) – Sri Lanka’s The Kandy Hotels Company plans to refurbish two hotels in the central hill country town of Kandy which is a major …
Transport Blues
June 26, 2010 (LBO) - Sri Lanka's private bus sector can push up revenues by about 20 percent by cutting leakages with an online ticket machine, but the …
Rare Happening
BEIRUT, June 25, 2010 (AFP) - A Lebanese woman was sentenced to one month in jail for mistreating her Sri Lankan housemaid, court papers showed on Friday, a …
SriLankan Airlines losses lower in March quarter
June 26, 2010 (LBO) - SriLankan Airlines has cut losses in the year to March 2010, and was looking to turnaround in the second half of this year, but may need …
Sri Lanka’s Arugam Bay surfing paradise hosts ASP World Tour
June 25, 2010 Arugam Bay, SRI LANKA (LBO) - Top professional surfers from around the world were at Sri Lanka's Arugam Bay, a small village in the eastern coast …
SriLankan Airlines looks for two narrow body aircraft
June 25 - Sri Lankan Airlines is looking for two Airbus A320 aircraft to join is fleet by late 2010 as it plans to expand the winter schedule amid a pick up in …
Sri Lanka Ceylon Hotels Corp to upgrade hotels
June 24, 2010 (LBO) - Ceylon Hotels Corporation, which has properties on prime locations throughout Sri Lanka, has lured a top executive from a big hotel group …
Sri Lanka rejects EU conditions to extend GSP Plus trade deal
June 24, 2010 (LBO) – The Sri Lankan government has rejected conditions imposed by the European Union to extend the GSP Plus trade deal giving exporters …
Port Move
June 23, 2010 (LBO) The Sri Lanka ports Authority has signed a contract with a Chinese firm, China Harbour Engineering Company, to start the second phase of a …
Lofty Plans
June 23, 2010 (LBO) – A unit of Sri Lankan high-end retailer Odel may reconsider to build a shopping mall with the parent firm making a full provision to …
Banking Regulators
June 23, 2010 (LBO) – Si lanka’s Central Bank has promoted four officers as assistant governors from June 15 as part of the bank’s succession …
Hold Outs
June 22, 2010 (LBO) - A steep tax cut on vehicle imports in Sri Lanka has injected life into the almost comatose car trade, but some dealers are stubbornly …
High Fashion
June 22, 2010 (LBO) – Sri Lankan retailer Odel said it made 141.8 million rupees in net profits last year, as sales recovered and margins improved, with …
Lending Trend
June 22, 2010 (LBO) - Loans to private borrowers from Sri Lanka's commercial banks grew at a slower rate in April compared with March while foreign currency …
Sri Lanka told no unconditional extension of EU trade benefits
June 22, 2010 (LBO) – The European Union will not unconditionally extend the GSP Plus trade deal giving Sri Lankan exporters duty free access to European …
State Banking
June 20, 2010 (LBO) - Lankaputhra Development Bank, a state bank set up to fulfill an election promise, has increased its bad loans to 55. online pharmacy …
Sri Lanka forum promotes joint South Asian stand at trade talks
June 19, 2010 (LBO) - South Asian countries like Sri Lanka have a common interest in forging a common regional stand in world trade talks, trade experts and …
Sri Lanka to ink trade deal with India after addressing concerns: minister
June 18, 2010 (LBO) - Sri Lanka wants to extend economic links with India by signing a new trade agreement once concerns are addressed, 10 years after the …
Freeing Education
June 17, 2010 (LBO) – Sri Lanka's president Mahinda Rajapaksa has backed a plan to liberalize university education and set up a mechanism to monitor and …