Debt Refinance
Dec 16, 2009 (LBO) - Fitch Ratings Lanka said it has assigned an 'A-(lka)' National Long-term rating to the Sri Lanka unit of Singer's proposed 600 million …
Industry
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Capital Question
Dec 15, 2009 (LBO) - Capital investment in Sri Lanka's telecom infrastructure has plummeted amidst a price war and high taxation, which will crimp expansion in …
Fuel Market
Dec 15, 2009 (LBO) - A planned ship fuel business off a new port being built in southern Sri Lanka, will target small vessels sailing past the island and lure …
Box Moves
Dec 14, 2009 (LBO) - Container volumes at a Colombo port terminal controlled by Sri Lanka's John Keells Holdings have almost reached last year's levels but …
Farming Message
Dec 14, 2009 (LBO) – Mobile phone message services like one deployed by the financial news agency Reuters to over a million farmers in India, could help …
Rating Trend
Dec 11, 2009 (LBO) – Fitch Ratings Lanka confirmed the long-term rating of BB+(lka) and a stable outlook for Trade Finance and Investments (TFI) Limited, …
Sri Lanka in push for solar energy
Dec 12, 2009 (LBO) - Sri Lanka's renewable energy promotion agency is in a new drive to push larger solar power plants connected to the national grid in Sri …
Rate Rap
Dec 11, 2009 (LBO) - Sri Lanka's Central Bank has asked banks to sharply reduce interest rates charged on credit cards, saying they had enough room to do so as …
Box Move
Dec 11, 2009 (LBO) - Sri Lanka's Colombo port stands to gain more container transhipment business with Maersk, the world biggest container shipping line by …
Knowledge Drive
Dec 11, 2009 (LBO) - Asia's drive towards a knowledge economy is being helped by expanding and cheaper telecoms but fresh evidence-based policy interventions …
Offshore Edge
Dec 11, 2009 (LBO) - Sri Lankan, which is trying to attract more information technology outsource business, said a recent survey shows an increasing number of …
Oil Bids
Dec 11, 2009 (LBO) - Sri Lanka is ready to calls for bids for oil exploration in more blocks in the island's north-west as well as the south, Petroleum …
Sri Lanka alcohol producer to enter insurance business
Dec 10, 2009 (LBO) – Distilleries Company of Sri Lanka said it is seeking regulator clearance to launch an insurance company with a startup capital of …
Expansion
Dec 10, 2009 (LBO) - Mphasis, an Indian outsourcing firm, is opening a centre in Colombo which will offer legal, finance and accounting services starting with …
Sri Lanka Distilleries in bid re-enter insurance
Dec 10, 2009 (LBO) - Sri Lanka's Distilleries group said it had applied to the regulator for a license to start an insurance company, after it lost the …
Retail Chain
Dec 10, 2009 (LBO) - Cargills (Ceylon) group, which runs Sri Lanka's largest retail chain, said it plans to open 100 more supermarkets in all the island's 25 …
Sri Lanka begins groundwork for wind power
Dec 09, 2009 (LBO) – Groundwork for Sri Lanka’s largest wind power project has begun ahead of its launch in May next year, with the contract for …
Sri Lanka could use fresh water bodies for premium tourism
Dec 09, 2009 (LBO) – Sri Lankan policy makers should follow the Maldivian example by opening a few dozen of the thousands inland lakes in the country to …
Executive Care
Dec 09, 2009 (LBO) - Sri Lankan banks have been urged to select their boards of directors with care to ensure they hire capable people with integrity and not …
Sri Lanka war risk insurance costly, says cruise line
Dec 09, 2009 (LBO) - Sri Lanka's continued listing for war risk insurance is costly for shipping lines calling at Colombo port, a cruise line official said. …