Sri Lanka Hemas buys small hydro power plant
Jan 04, 2010 (LBO) – Sri Lanka's Hemas Power said it has bought a 2.6 megawatt (MW) hydro-power plant in the Nuwara Eliya district in the central hills …
Industry
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Bailout Ceiling
Jan 04, 2010 (LBO) – Sri Lanka's Central Bank said a new mandatory deposit insurance scheme to be introduced this year will cover up to 100,000 rupees …
Sri Lanka East safe for tourists: Britain
Jan 03, 2009 (LBO) - Britain said it is no longer advising its citizens against travel to Sri Lanka's East, but the north continued to be out of bounds though …
Sri Lanka dismisses EU trade move
January 1, 2010 (AFP) - Sri Lanka's president on Friday dismissed the European Union's suspension of preferential trade status to the island, saying his …
Harbour Move
Jan 01, 2010, (LBO) – The Sri Lanka Ports Authority (SLPA) said it has expanded facilities for bunkering or ship fuel at Colombo port with the addition …
Fickle Pricing
Dec 30, 2009 (LBO) – The Sri Lanka unit of Indian Oil Corporation said it is likely to make losses on petrol sales after the dominant state-owned oil …
Gas Call
Dec 30, 2009 (LBO) – The Sri Lankan unit of the Shell gas multinational said it was holding domestic prices of liquid petroleum gas cylinders despite …
ASEAN-China open free trade area to rival world’s biggest
JAKARTA, December 30, 2009 (AFP) - China and Southeast Asia establish the world's biggest free trade area (FTA) on Friday, liberalising billions of dollars in …
Sri Lanka Brandix says price cuts helped apparel sales
Dec 30, 2009 (LBO) – Sri Lanka’s Brandix group, which supplies top Western fashion brands, said price cuts had helped increase apparel sales …
Broadband Probe
Dec 30, 2009 (LBO) – Sri Lanka’s telecom regulator has begun investigations on broadband speeds advertised by telcos after a private research study …
Sri Lanka draws more cruise ships
Dec 29, 2009 (LBO) – The Sri Lanka Ports Authority said the cruise ship ˜Discovery’ of the Voyages of Discovery cruise line called at Colombo port …
Taking Care
Dec 29, 2009 (LBO) –Sri Lanka’s government must ensure adequate funding for road maintenance to prevent newly built and repaired roads …
Slow Connections
Dec 29, 2009 (LBO) - Sri Lanka is the most uncertain market among South Asian countries for new telcos, while Pakistan has the most transparent process for …
Fuel Cost
Dec 29, 2009 (LBO) – Sri Lanka’s state-owned refiner, the Ceylon Petroleum Corporation, said it will cut fuel prices from midnight Tuesday. It said …
Liner Moves
Dec 28, 2009 (LBO) - The Sri Lanka Ports Authority said it has managed to win back the custom of Mediterranean Shipping Company (MSC), a global container …
Transport Links
Dec 28, 2009 (LBO) - Aramex, a global transportation and logistics services company, has set up a joint venture with Delmege Forsyth Group, one of Sri Lanka's …
Steady State
Dec 24, 2009 (LBO) – Rating agency Fitch confirmed Union Bank of Colombo Limited's long term rating of 'BB+(lka), reflecting the bank's moderate asset …
Port Industries
Dec 25, 2009 (LBO) - Sri Lanka's cabinet of ministers has kicked off the process to bring private enterprises to a new industrial port in Hambantota in the …
Steady Outlook
Dec 24, 2009 (LBO) – Pan Asia Bank had its long term national rating of BBB-(lka), which carries a stable outlook, confirmed by Fitch Ratings Lanka. …
Sri Lanka Distilleries group insurance unit approved by regulator
Dec 24, 2009 (LBO) - Distilleries group said in a stock exchange filing the Insurance Board of Sri Lanka had approved its application to set up an insurance …