Sri Lanka wind power probe to finish soon: official
Oct 16, 2009 (LBO) - A probe on Sri Lanka's proposed wind power projects would be completed soon, an official said, which could resolve deadlock in the …
Industry
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Sri Lanka Asian Alliance Insurance BB+ rating confirmed
Oct 16, 2009 (LBO) - RAM Ratings Lanka said it has confirmed Asian Alliance Insurance's (AAI) claims paying ability rating of BB+ with a stable outlook. "The …
Tele Sale
Oct 16, 2009 (LBO) - Millicom International Cellular will sell its Sri Lanka unit for 155 million US dollars to Etisalat, a Middle Eastern telco, with the sale …
Sri Lanka east coast to get new hotels
Oct 15, 2009 (LBO) - The Sri Lanka Tourism Development Authority has approved the construction of new hotels on a prime beach property on the island's east …
Sri Lanka to push adventure sports tourism
Oct 15, 2009 (LBO) – Sri Lanka is on the mark to push adventure sports tourism, riding the country's geographical diversity following the conclusion of …
Takeover
Oct 15, 2009 (LBO) - Sri Lanka's People's Merchant Bank (PMB), an investment bank which is 39 percent owned by state-run People's Bank, said it will acquire a …
Sri Lanka lures Indian tourists with Ramayana trail
Oct 14, 2009 (LBO) - A Sri Lankan tourism package called the 'Ramayana trail' that covers sites mentioned in a 2,000-year-old epic poem popular in south Asia …
Sri Lanka firms lured by Hong Kong trade fairs
Oct 14, 2009 (LBO) - A Hong Kong trade fair organiser offering Sri Lankan companies like clothing exporters a chance to participate in shows says foreign …
Outlook Lift
Oct 14, 2009 (LBO) - Fitch Ratings has lifted the outlook on Sri Lanka Telecom's 'B+' foreign currency rating to 'stable' from 'negative' following the upgrade …
Sri Lanka new air cargo terminal to double capacity in Jan
Oct 14, 2009 (LBO) - A new terminal for export air cargo will open at Colombo's Bandaranaike International Airport in January 2010 which doubling capacity at …
Sri Lanka September tourist arrivals up
Oct 12, 2009 (LBO) - Tourist arrivals into Sri Lanka in September 2009 rose 28. online pharmacy buy diflucan with best prices today in the USA buy …
Sri Lanka power failure worst in history: chairman
Oct 10, 2009 (LBO) - Three consecutive failures of Sri Lanka's power grid has raised new questions about the reliability of the island's distribution system, …
Sri Lanka Ceylinco Insurance says Maldives unit pays big dividend
Oct 09, 2009 (LBO) - The Maldives subsidiary of Sri Lanka's Ceylinco Insurance said it had declared an interim dividend of 70 percent for its share holders for …
Sri Lanka, India coal plant deal to be inked in November
Oct 09, 2009 (LBO) - Ceylon Electricity Board, Sri Lanka's state-run power utility, will sign a firm deal with India's National Thermal Power Corporation …
Sri Lanka suffers nationwide power failure
Oct 09, 2009 (LBO) - Sri Lanka's faced a nation-wide power outage in the early hours of Friday, and state-run Ceylon Electricity Board is working on restoring …
On Target
Oct 08, 2009 (LBO) – Sri Lanka's state-owned National Savings Bank (NSB) had exceeded its 2009 deposit mobilization target of 30 billion rupees by the …
Sri Lanka power IPO hits Rs28 on opening day
Oct 08, 2009 (LBO) - Sri Lanka's Hemas Power hit a high of 28 rupees when it began trading Thursday, but ended at 24 rupees, 20 percent up on its issue price …
Moving Up
LONDON, October 8, 2009 (AFP) - US and British universities dominate the top of a league table of universities worldwide published Thursday, but Asian seats of …
Sri Lanka state utility to buy 50MW of wind power
Oct 08, 2009 (LBO) - Sri Lanka's state-run power utility has given the nod for 50 MegaWatts of wind power to be developed by five parties in the north-western …
Regaining Confidence
Oct 07, 2009 (LBO) - Sri Lanka needs to introduce restrictions on single-shareholder stakes and multiple ownership of registered finance companies (RFCs) by a …