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. …
Industry
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Sri Lankan hydro power producer rated ‘BBB+’
Dec 22, 2009 (LBO) – Private power producer Vidullanka PLC has been given a short term financial rating of P2 and a long term rating of BBB+, by agency …
Fleet Growth
Dec 23, 2009 (LBO) - Sri Lanka's Mercantile Shipping Company said it has taken delivery of the second of a pair of new cargo ships it ordered built by a Dutch …
Port Prospects
Dec 22, 2009 (LBO) - A new port next to Colombo the Asian Development Bank is helping Sri Lanka to build should get enough cargo despite the expansion of …
Mortgage Outlook
Dec 21, 2009 (LBO) - Sri Lanka's Fitch Ratings has lifted the outlook on the 'BBB+(lka)' rating on Housing Development Corporation Bank (HDFC) to 'stable' from …
Satellite Partners
Dec 22, 2009 (LBO) - Two Malaysian telecom firms have expressed interest in taking part in a communications satellite project promoted by Sri Lanka's telecom …
Sri Lanka October exports dip but recovery underway
Dec 22, 2009 (LBO) - Sri Lanka's exports in October fell five percent from a year ago, the lowest decline so far this year, dragged down mainly by lower …
Connected
Dec 21, 2009 (LBO) - A highway to Sri Lanka's north is seeing free movement of people and goods for the first time in decades after the final restrictions on …
Sri Lanka Aitken Spence to manage Ramada Hotel in Delhi
Dec 21, 2009 (LBO) - Sri Lanka's Aitken Spence Hotels group said it has struck a deal to run the new Ramada Hotel & Convention Centre in New Delhi scheduled to …
Quick Recovery
Dec 18, 2009 (LBO) – The long term rating of People's Merchant Finance Company has been upgraded from B+ to BBB-, on the strength of its t company …
Lofty Idea
Dec 18, 2009 (LBO) - Sri Lanka is planning a space project with a British firm in a 150 million US dollar deal that could see a satellite launched into a …
Early Warning
Dec 18, 2009 (LBO) – Sri Lanka got a 24.9 million Euro loan from Rabobank of the Netherlands for the second phase of an upgrade to its existing disaster …
Finance Rating
Dec 17, 2009 (LBO) – RAM Ratings Lanka has confirmed the long term rating of Bartleet Finance Limited at BBB- and its short term rating at P3, but its …
Broad Speed
Dec 17, 2009 (LBO) - Mobitel, a unit of fixed access provider Sri Lanka Telecom said it has successfully tested and launched a high speed broad band technology …
Floor Connection
Dec 17, 2009 (LBO) - Sri Lanka is looking at setting an interconnection rate of around 60 cents a minute for mobile operators from February next year, the …
Sri Lanka faces trade deal suspension: EU
Dec 17, 2009 (LBO) - The European Union will recommend suspending a trade deal giving duty free access to Sri Lankan exports but hopes to reverse the decision …
Lower Step
Dec 16, 2009 (LBO) – RAM Ratings Lanka said it has downgraded the long-term rating of Central Investments and Finance Limited (CIFL) from B+ to C-, …
Managed Finance
Dec 16, 2009 (LBO) - Sri Lanka's Central Bank said it has appointed People's Leasing Company as managing agent of Industrial Finance Limited, a company facing …
Liquidity Support
Dec 16, 2009 (LBO) - Sri Lanka's central bank said it will guarantee loans given by banks to registered leasing and finance companies in liquidity trouble, …
Fibre Net
Dec 16, 2009 (LBO) - Sri Lanka Telecom, Dialog Telekom, India's Bharat Sanchar Nigam Ltd and Sweden's Ericsson, are among the firms in the running to get a …