Commercial Profits
Feb 25, 2010 (LBO) - Sri Lanka's Commercial Bank said group December quarter profits rose 8.3 percent to 1,207 million rupees while full year profits were up …
Industry
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Banking Fortunes
Feb 25, 2010 (LBO) – Sri Lanka's Nation Trust Bank (NTB) group December quarter profits rose 5.0 percent to 181.1 million rupees from a year ago, and …
Branch Expansion
Feb 25, 2010 (LBO) - Sri Lanka's HSBC unit has opened a new branch in the capital Colombo pushing the total up to 15, within weeks of starting a new branch in …
Arabian Call
Feb 25, 2010 (LBO) - Etisalat's new Sri Lankan mobile subsidiary said it plans to expand coverage to cover the entire island, offer high speed links and use …
Indian rail budget promises high-speed trains
NEW DELHI, February 24, 2010 (AFP) - India's rail minister announced Wednesday plans for high-speed trains for Asia's largest rail network as she kept fares …
Rating Risk
Feb 24, 2010 (LBO) - A fresh risk evaluation of Sri Lanka by London insurers, considered critical in attracting investors after the end of its ethnic war, has …
Finance Deficit
Feb 23, 2010 (LBO) - Sri Lanka's The Finance Company said its loss for the December quarter shot up to 626 million rupees from a loss of 86 million rupees a …
Design Economy
Feb 23, 2010 (LBO) – A wooden chair becomes a news paper holder when it is turned over once. When it is turned again, it becomes a small table. A small …
Shunned Jobs
SEOUL, February 23, 2010 (AFP) - Migrants who tackle jobs shunned by most South Koreans urged the government on Tuesday to ease regulations complicating their …
Australia tightens rules on colleges for foreigners
SYDNEY, February 23, 2010 (AFP) - Australian colleges catering to foreign students will face more rigorous regulation by year's end as the government weeds out …
Regional Finance
Feb 23, 2010 (LBO) - An affiliate of Sri Lanka's Sampath Bank in Bangladesh is planning to list its stock brokering firm in the country's booming stock market, …
Market Reach
Feb 22, 2010 (LBO) – The Sri Lanka unit of HSBC bank said it was launching a personal banking service targeting what it called the ˜mid-market’ …
Trading Gains
Feb 22, 2010 (LBO) - Sri Lanka's National Development Bank's December 2009 quarter profits fell 10 percent to 484 million rupees from a year earlier, but full …
Slow Traffic
Feb 20, 2010 (LBO) – Sri Lanka's vehicle imports fell 4.1 percent October 2009 from a year earlier to 21,239 vehicles registered, with most categories …
Sri Lanka gets more garment factories
Feb 19, 2010 (LBO) – The Board of Investment, Sri Lanka’s investment promotion agency, said it has given approval for investors, including a Hong …
Sri Lanka Kuruwita Textiles profits up on cost cutting
Feb 19, 2010 (LBO) – Sri Lanka's Kuruwita Textile Mills said tight cost control helped generate a net profit of 81.7 million rupees in the December …
Financial Fallout
Feb 19, 2010 (LBO) – Sri Lanka’s registered finance companies, which were shaken last year by the collapse of an unregulated firm, may see …
Sri Lanka HNB Assurance 2009 net up 23-pct
Feb 19, 2010 (LBO) – Sri Lanka’s HNB Assurance said net profit for the 2009 financial year rose 23 percent to 202 million rupees from a year ago. …
Volatile Voyage
Feb 19, 2010 (LBO) – Sri Lankan shippers facing rapidly rising freight rates are advised to try to negotiate long-term contracts with shipping lines, an …
Sri Lanka Spence Hotel seeks funds for expansion
Feb 19, 2010 9LBO) Sri Lanka’s Aitken Spence Hotel Holdings said it plans a rights issue to raise funds for future expansion as the island’s …