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 …
Industry
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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 …
Oil Slick
Feb 18, 2010 (LBO) - Lanka IOC, a unit of the Indian Oil Corporation, said it was making ship oil or bunker deliveries from Colombo port through locally …
Healing Numbers
Feb 18, 2010 (LBO) - Sri Lanka's Seylan Bank group said losses narrowed to 16.5 million rupees in the December quarter from 689 million a year ago and that it …
Lost Gains
Feb 18, 2010 (LBO) – Sri Lanka’s Commercial Bank said dividends not claimed by shareholders after six years are to be considered forfeited from …
Sri Lanka negotiating with Emirates to buy national carrier stake
Feb 17, 2010 (LBO) - Sri Lanka's government is negotiating with Dubai-based Emirates to buy its stake in Sri Lankan Airlines, the island's state-run national …
Sri Lanka Airlines upgrades product to boost margins
Feb 17, 2010 (LBO) - SriLankan Airlines, Sri Lanka's state-run national career, is upgrading its product to boost margins following a revival in tourism …
Pirate Peril
Feb 17, 2010 (LBO) – Software piracy by private sector companies in Sri Lanka is the main problem facing software developers, the Business Software …
High Capacity
February 17, 2010 (LBO) – Sri Lankan computer hardware distributor eSys Technologies has launched a range of high capacity, eco-friendly network storage …
Terminal Target
Feb 17, 2010 (LBO) – Construction of a new deep-water container terminal to be built and run by the private sector in Colombo port is to start in the …
Sri Lanka gets ADB, Japan help to improve electricity services
Feb 17, 2010 (LBO) - The Asian Development Bank (ADB) and Japan will provide support to Sri Lanka to improve its power transmission system and expand rural …
Fuel Fortunes
Feb 17, 2010 (LBO) – The Sri Lanka unit of Indian Oil Corporation said it made a ˜nominal’ profit in the December quarter compared with a loss a …
Fund Use
Feb 16, 2010 (LBO) - The World Bank said money given for Sri Lanka's telecom regulator cannot be used for net censorship activities following reports that …
Bank Profits
Feb 16, 2010 (LBO) – Sri Lanka's DFCC Bank group December quarter profits dipped 11.1 percent to 566.6 million rupees from a year earlier due to higher …
Sri Lanka export recovery gathers steam
Feb 16, 2010 (LBO) – Sri Lanka’s exports grew 6.4 percent to 723.4 million dollars in December 2009 exceeding those of the year before for the …
Sri Lanka to start e-commerce trials
Feb 16, 2010 (LBO) - Sri Lanka is to start test runs on extending to several government agencies a long-delayed automated documentation system for trade that …
Sri Lanka apparel costs seen rising with loss of EU access
Feb 16, 2010 (LBO) – Sri Lankan exporters of apparel, the island’s main industrial export, said the withdrawal of European Union trade benefits …
Sri Lanka cuts online tea export documentation charge
Feb 15, 2010 (LBO) – Sri Lanka intends to cut automated tea export document processing charges, reducing costs for shippers of the island’s main …
Cell Meet
BARCELONA, February 15, 2010 (AFP) - The mobile phone industry's biggest event opens Monday as it begins to emerge from the global economic crisis with the …