Transition
Mar 26, 2010 (LBO) - Sri Lanka's NDB Bank has got a new chief executive, with the former being nominated as an opposition lawmaker and three directors expected …
Industry
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Sri Lanka in bid to lure cruise ship calls
Mar 26, 2010 (LBO) - Once a lucrative foreign exchange provider to Sri Lanka, cruise tourism is seen as bringing back more well-heeled tourists to the island, …
Banking Bent
Mar 26, 2010 (LBO) - Sri Lankan banks will shift focus towards small and medium enterprises as well as the former north-east war zone while consolidation is …
Sri Lanka minister regrets Akon’s cancelled concert
March 25, 2010 (AFP) - Sri Lanka lost a "priceless" promotional opportunity by banning the US star Akon from performing at a concert in Colombo following …
Top Marks
Mar 25, 2010 (LBO) - Commercial Bank has been declared Sri Lanka’s best bank in 2010 for the 12th year running by Global Finance magazine, the bank said …
Bank Buy
Mar 25, 2010 (LBO) – Sri Lankan government controlled funds bought chunks of Hatton Nation Bank on the Colombo bourse Thursday increasing their stake in …
Sri Lanka builds to lure business visitors
Mar 25, 2010 (LBO) - Sri Lanka is building more convention centres amid fears of a shortage of accommodation following a flood of tourists with the end of its …
Finance Issue
Mar 24, 2010 (LBO) - An initial public offer of shares by Sri Lanka's Vallibel Finance is seen as being priced to a discount to market given its immediate …
Sri Lanka mulls aviation complex in former Tiger jungle airstrip
Mar 24, 2010 (LBO) - A makeshift airstrip built by Tamil Tiger separatists in the jungles of northern Sri Lanka is to be turned into an aviation complex under …
WTO negotiators say scant progress made in trade talks
GENEVA, March 22, 2010 (AFP) - Scant progress has been made in talks for a global trade pact, top negotiators told World Trade Organisation member states …
Workforce Skills
Mar 23, 2010 (LBO) - The United States has given 750 scholarships to youth in Sri Lanka's former war zone in the north and east to help them find jobs, the US …
Smart Banking
Mar 22, 2010 (LBO) – Banks can reduce credit risks by segmenting present and future customers into different credit risk pools using information …
Sri Lankan Aitken Spence hotel group buys beach resort
Mar 22, 2010 (LBO) – Sri Lanka's Aitken Spence Hotel Holdings has acquired 100 percent of Ramada Resorts, a beach resort formerly known as Golden Sun …
Investment Shift
Mar 21, 2010 (LBO) - Sri Lanka's state-sector retirement funds plan to make "more aggressive" investments in the share market and less in Treasury bills and …
Debt Reduction
Mar 20, 2010 (LBO) – Sri Lanka's Vallibel Finance will use cash raised from an initial public offering (IPO) to reduce financing costs and expand leasing …
Helping Hand
Mar 19, 2010 (LBO) - Sri Lanka's Central Bank has launched a credit refinance scheme to help small and medium enterprises which are in difficulty to recover, …
Sri Lanka’s first commercial wind energy plant to start
Mar 18, 2010 (LBO) - Senok Wind Power, Sri Lanka's first commercial wind energy plant, will start operating this month in Puttalam in the island's north …
Sri Lanka kicks off second coal plant
Mar 19, 2010 (LBO) - Sri Lanka's president Mahinda Rajapaksa has launched the second stage of a coal power complex built with Chinese financing which will add …
Sri Lanka’s Ceylinco Insurance eyes East Asia, Middle East: senior official
Mar 18, 2010 (LBO) – Sri Lanka's Ceylinco Insurance Company is to tie up with insurance companies in Asia and the Middle-East to market a motor policy …
Sri Lanka sate-run provident fund buys into hotel
Mar 18, 2010 (LBO) - Sri Lanka state-run Employees Provident Fund of private citizens had bought a 10 percent stake in Lighthouse Hotel, a unit of the Jetwing …