Sri Lanka Customs moves towards e-commerce
Mar 11, 2010 (LBO) - Sri Lankan importers will get an opportunity to present documents electronically to the customs by the middle of the year, the head of the …
Industry
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Sri Lanka slashes terrorism insurance cover premium
Mar 10, 2010 (LBO) - Sri Lankan authorities said they had decided to slash the premium on general insurance terrorism cover by 75 percent from April 1, 2010 as …
Trade Flows
Mar 10, 2010 (LBO) – Cargo volumes at a Colombo port private container terminal in which John Keells Holdings has a big stake hit a monthly high in …
Airside
Mar 10, 2010 (LBO) - DHL Express, a global logistics company, said it has opened an 'airside gateway' facility at Sri Lanka's sole international airport north …
Lower Costs
Mar 10, 2010 (LBO) - Seylan Bank group has slashed its wage bill 30.7 percent to 2.5 billion rupees and is pushing to recover some its 29 percent bad loans as …
Sri Lanka sends high level delegation to EU on GSP+
Mar 10, 2010 (LBO) - Sri Lanka is sending a high level delegation of senior government officials to save a preferential trade deal which is due end later in …
Sri Lanka Amana Takaful starts general insurance in Maldives
March 09, 2010 (LBO) - Sri Lanka's Amana Takaful Insurance said its Maldivian subsidiary Amana Takaful (Maldives) has got regulatory approval to do general …
Support Rating
Mar 09, 2010 (LBO) - Sri Lanka's Seylan Bank in which state ownership increased to 28 percent following a 1.1 billion rupee capital injection has retained its …
Sri Lanka to start underwater sled rentals to tourists
Mar 08, 2010 (LBO) - An under water scooter rental firm is starting up in a tourist area north of Sri Lanka's capital Colombo, to feed an upturn in the …
Tax Opinion
Mar 08, 2010 (LBO) - Sri Lanka's taxes on motor vehicles are 'prohibitive' and are discouraging imports and government revenues, the finance ministry has said …
Firm Pegs
Mar 08, 2010 (LBO) - Foreign exchange trading profits in Sri Lankan banks plummeted in the December 2009 quarter as a firmer currency peg with the US dollar …
Weak Finances
Mar 08, 2010 (LBO) - Fitch Ratings Lanka said it removed People's Merchant Bank's National Long-term rating from Rating Watch Negative and downgraded the …
Cash Management
Mar 08, 2010 (LBO) - Sri Lanka's investment promotion agency said it has approved an investment by a unit of Lankaclear, the national clearing house, to …
Narrow Profits
Mar 07, 2010 (LBO) - Sri Lanka's Pan Asia Banking Corporation's (PABC) December quarter profits fell 70 percent to 19. online pharmacy buy spiriva inhaler with …
Record Numbers
Mar 07, 2010 (LBO) - Sri Lanka's Hatton National Bank group December quarter net profits were up 156 percent from a year earlier to 1,830 million rupees on …
Asset Probe
Mar 07, 2010 (LBO) - Sri Lanka's Supreme Court has ordered a probe on the purchase of a Ceylinco group firm by the chairman of Merchant Bank of Sri Lanka, a …
Tax Brake
Mar 07, 2010 (LBO) - Sri Lanka has to cut its high rate of tax on banks to allow the sector to build capital as the economy is poised to grow after a war ended …
Sri Lanka tourist trade seen recovering fast
Mar 06, 2010 (LBO) - Over half-a-million tourists are expected to visit Sri Lanka this year as the travel trade bounces back strongly from the effects of a war …
Pocket Money
March 05, 2010 (LBO) - Etisalat's new Sri Lankan mobile subsidiary is in talks with banks to offer financial services on mobile phones, such as money transfers …
Finance Offer
Feb 05, 2010 (LBO) - Sri Lanka's Vallibel Finance, a unit of Vallibel group of entrepreneur Dhammika Perera, said it is selling down a 25 percent stake in an …